$40 NHC Shares! 2015 Halloween Price! Sale ends soon!Dear fellow iinvestors. I always joke around that I love rollercoasters (volatility) but really only on the uptrend. When downtrending like this ... it's not fun! I can weather it out so it's fine but it takes fortitude!
So many red days really get to anyone (unless you are a machine with algorithms or guided by machines).
Now, what do we do? We need to take several steps back to determine why you bought into the stock and whether you think this company is complete junk or not.
A few trading days ago, we went up over 20%. That's impressive.
This is not an empty garage (like so many stocks on the ventures for example), this is a solid M&A type of company that has done very well financialy and continues to do so. We have two more weeks of turbulence. I expected it and actually made momey (on my practice account that I'm testing to compare trading vs short term investing.). My real portfolio is nowhere it should be since this is clearly at $60 stock MINIMUM not $40! I manage my real portfolio short term aggressive.
We all know there is a sector wide short attack. CXR was solid enough in that it had not real short interest but the pile and drive naked shorts selling, aggressive traders and panicked investors have cause this HUGE volatilty.
How to play it?
1. Long term investors. Review all the fundamentals and if nothing has changed, Hold or Buy
2. Short term investors You buy at the lows, sell at the highs. If you think this is going much lower,
sell to rebuy lower but that's a risk I'm not willing to take because, to me, this is a low.
3. Traders: You don't need my help. You should know what you are doing! ;-) LOL