Quote:
Originally Posted by Halfcan
Lloyds banking and other financial stocks down by as much as 25% in 2 days.
That was my point-the money was made on the way down-not trying to time the bottom of the market and hold until it corrects. How long will it take Lloyds to gain that back?
I thought CS and DB had bottomed out, but they just got hammered again. I lost over 5% in my RBC stocks and BMO that killed the slow gains from a month of steady climbing. I will get a nice dividend in a few weeks that will be reinvested at the lower stock price-but it is still crap since they are some of the most solid banks in the world and have a low exposure to Europe compared to most other banks.  |
But if you're not selling tomorrow, next week or next month, who cares?
I've always been able to stomach "paper" losses because I know i'm not selling soon, and it's always recovered (if the underlying issuer is strong, anyway).