A few months ago I bought Tesla at 250 thinking it would go up, but it has just gone down. It's at 200 today. I was new to stocks, and I'm learning very quickly as I go, I just jumped at that too quickly. I had this in mind as a long term stock, so I'm thinking two strategies now.
1) just hang on...for a long time, like until I retire. Will it ever go up above 250 again? 2) hang on just until it gets to 250 again, then sell. Wait for it to drop again, then buy again. This would be appropriate if it's likely to go up and down again.
Suggestions? I don't need the funds, they can stay there forever, so I don't want to sell now even if it drops more. I don't think they're about to really crash anytime soon.
Submitted March 01, 2015 at 06:09PM by Tenaciousgreen http://ift.tt/1N6qNDs
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