RE:RE:Link: ArticleThe same can be said for investors, the weak,over margined and those who put all their eggs in one basket will be devestated.
CPG being 75% retail investors could continue down until these weak hands are rushed out the door to use your expression.
I do think CPG can withstand the pressure, however many of the shareholders will lose a lot of money.
The leson of 2008/2009 should be fresh in everyones minds.
When the turnaround came many were left behind with only their loses.
I had good companies and held them during that time. I was rewarded with a 150% gain over my pre 2008 numbers.
Everyone has their own breaking point, my only suggestion is to examine the stocks you hold and make your best assesment of how strong they are.
At this point in the cycle it is not if the SP is going down but will the company be still standing at the bottom.
For my money I am disapointed in the dividend cut and usually sell if a company cuts , however this time I feel the reason for the cut is different and the up side potential is too big to ignore.
Again
JMHO
Your milage may be different.