take the profit.
and I can give you many examples. I bought Chesapeake at 20 when natural gas was booming, went to 30 and instead of selling, I,m convinced i.m going to retire on this one buy. It's approx 3 right now. 1000 shares.
was day trading, buying and selling 1000 shares of whatever on .50 up. $500/day, no brainer right. got hooked into PFE and did a few good trades. things went south and I had a 1000 @ 38.96. 20 years later, I'm finally up on it, and I did get the dividend, but there are probably 100+ stocks that are 10x in that period.
don't buy car stocks, ever.
I bought BAC for the first time @ 5 when the bottom fell out in everything. that's the only advice I can give. pick out a few very good companies and wait for the fall. it always happens.
sadly, there is no company that some Ivy Leagu, top of the class CEO can't destroy. I took a loss this year on GE (and glad I got out when I did) and I'm sitting on ATT and Ford and have little hope for either.
and I can give you many examples. I bought Chesapeake at 20 when natural gas was booming, went to 30 and instead of selling, I,m convinced i.m going to retire on this one buy. It's approx 3 right now. 1000 shares.
was day trading, buying and selling 1000 shares of whatever on .50 up. $500/day, no brainer right. got hooked into PFE and did a few good trades. things went south and I had a 1000 @ 38.96. 20 years later, I'm finally up on it, and I did get the dividend, but there are probably 100+ stocks that are 10x in that period.
don't buy car stocks, ever.
I bought BAC for the first time @ 5 when the bottom fell out in everything. that's the only advice I can give. pick out a few very good companies and wait for the fall. it always happens.
sadly, there is no company that some Ivy Leagu, top of the class CEO can't destroy. I took a loss this year on GE (and glad I got out when I did) and I'm sitting on ATT and Ford and have little hope for either.