RE:RE:Investing 101 - Lessons from AIMchickenfajita wrote: No one asked for your advice here. And since you confused trading with investing I can’t really take you seriously. Would you have said anything if it had gone up 2.6%?
Chickenfajita - I both trade and iinvest but as an investor I still play by the same rules. I have owned some bank stocks for over 20 years but over the last few have watched the patterns and sold on the highs and bought back on the dips. With cheap trades and being able to watch a chart on a 5 second refresh it means anyone can be a smart investor, There is nothing wrong with buying and holding as long as the market is going the way you want it to but way to many people buy and then hold even when the stock is tanking in hope of a miracle. I have no doubt there are people here that are still in the red at the $4.00 level after holding this stock for a few years.
And yes I would have commented if it had gone up 2.6% since the market is saying that, even with all the news coverage and spouting of a $7.50 cassh value, this stock isn't attractive.