A few days I made a post saying I dont feel the pain....
Nuecor was one of my holdings. I said the world would still need steel for
global growth.
Jeez did the market destroy wreck me yesterday.(dont worry its not a loss until
you sell) Look at that selloff! Just when you think your safe in the
market....
At the time I said I didnt feel the pain. Well I do feel the pain now.
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well, that is hubris and maximum frustration for you. your thesis is right, but
that doesnt mean you cant catch some downside momentum and get your head handed
to you. only protected gains are safe.
im with you, in a month or two all may be better
If it helps...I was down 5% yesterday, NUE and SQM arE core holdings of mine.
yeah stating that it has been rough in the safe havens would be a understatment
Ugly out there hang in Blurpkin.
Welcome aboard blurpkin.
Misery does love company.
figure out if your a trader or an investor....traders want investors to cut
there losses.
yea but nue has been a long term blue chip steel stock u can not compair steel
too tech ,,,nue is trading at 12 p/e....i amm long but if i can break even on it
i am gone,,just may take awhile too get there now that no one will ever need
steel again ,at least thats what the market whats too think.
I dont know If I am willing to take such a loss. I am not used to seeing these
type of loss's on big caps...I mean this isnt a penny stock. It will come back.
Wrong. Mark to market losses are losses. It doesn't matter if you realize them
or not. What would you do if you were all technology at the beginning of 2000?
Don't let your guard down and CUT LOSERS!
3 months ago - Report Abuse
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