RE:TCW - sell or hold?marcrobert wrote: Sitting on some major losses here, but tcw price is above most or all 12 month street targets and it hasn't been at this price since oct 2018. I could sell it and take a 46% loss, or hope to god that good ole secular anti oil sands themes doesn't come back too soon. My hope is that unless vaccine is a flop that wti tops 60 next year, but my fear is that tcw is ahead of itself, that oil sector catch up trade is already price in to the stock price and tempts me to sell.
Any arguments for a path to 2.50 or 3? the street is around 1.37 average. I don't have any research notes on this, and i don't imagine next Q is going to be that exciting. is there a takeover premium priced in here?
put in a stop loss at 1.60 and hope it never gets triggered..