Big_Phil22 Jun 2010 13:47
fyi, u have to make mistakes sooner or later - no doubt about that. but it's all a learning process! if i were you, i'd watch my shares closely and if it reaches a point where it drops so low that i have only my principal amount left, i bite the bullet because u'd only be losing your profits. however, if the company does really have potential growth, etc. then hold on? up to u mate. the pain may not last much longer.
the budget that is about to be announced could mark the point where the recovery can be confirmed - if the coalition can convince the market they are unified.
next time, sell even if u are losing, perhaps at about 10% to 20% below purchase price. better to cut losses than hold on. i have about 5 shares, all losing too....but the loss is so big that i have to ride it through. good news is, i'm still about 40% up overall. =)
regarding PVCS - make sure u time ur entry right(if u buy) and buy in trenches/batches.