When do you declare defeat?

Calendar September 13, 2007 | Posted by Jorge

Here’s a question for you all out there. When do you finally declare defeat on a stock and capitulate? I’m a current owner of Level 3 (LVLT). I do expect it to recover as the fundamentals haven’t changed. I plan on buying down until $4.00. Assuming nothing changes and your stock continues to dive for no reason, how long do you continue to fight and buy down or hold? After a certain amount of time and effort, do you just declare defeat and sell? I’m curious how others deal with perceived stinkers of a stock!

Category Categories: Miscellaneous | Tag Tags: | Comments Comments

blog comments powered by Disqus