Open Question

Good afternoon all.....

I have a long term type goals for my portfolio,and have been in major house of
pain with RIO,RIG and SQM....Thinking of adding up to my position(s) to average
down my losses.
Is RIG the candidate ( visibility etc) or should I consider more SQM or RIO?

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All three of your picks are commodity dependent and commodities are going down
down down. I'd cut your losses and try companies that depend on low commodity
prices.

Answered by ssboy - Bookmark this User - Ignore this user
1 months ago - Report Abuse

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also, i wont play rig anymore.or i should say not the rest of this yr. or the
next. the only way to play rig anymore is to buy 2k shares, watch it move a half
point and then imediately dump it. because rig has been reduced to a day traders
play......chris

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Really, it's been so hard for a lot of us to deal with this downturn in stocks
that used-to-be. There's a Forum called Trading School Pickr Rules and it has a
lot of information about stop losses and other ways to look at capital
preservation. The most human tendency is to not believe these used-to-be's won't
rise up and that tendency to average down instead of holding cash for better
moments than this week and trying to catch a falling knife instead of pouncing
on better favored stocks on a pull back.
I have so felt your pain. Ryan has it so true.

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well then you have to assume id ever suggest doing such a thing.

live to fight another day! why burn up all your capital trying t call a bottom
in a bear market? why? if these are THE fantastic long term stories everyone
says they are, you dont need to kill all your cash right now.

lastly, long term or not, you start talking 25% losses on multiple positions and
long term youre killing your portfolio, forcing much of it to have to move up
some 50% just to break into profits. risk management is key

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