You don't lose money until you sell...
...You don't lose money until you sell......You don't lose money until you sell...
I got a buddy of mine who makes his living off charting reversals.......he is convinced BTC is headed below $4K now. A lot of people got caught holding that $20K bag. I would like some LTC at $25-30.
Bitcoin $3,714.25
Bitcoin Cash $173.64
Ethereum $108.49
Litecoin $28.17
Blood in the streets, time to buy!
Blood in the streets, time to buy!
So did you ride this to $20K and back to here and really never sell any?
I cashed in chips several times. But I read the technicals, so I buy and sell according to that.
Randy, it's all about timing - and it doesn't have to be that precise and you don't need to invest in vaporware
I bought GE in the low thirteens coming out of the crash, it still paid a respectable dividend at the time. My buy in was not the low point of the stock because I don't try to time markets. I waited for what I felt was a time when the stock was on a reliable upward trend and the price point made the dividend alone a reasonable rate of return on the investment
I rode the stock price until it began to invert, when a limit order sold automatically at a preset point. Having re-invested the dividends, I had gained slightly over 200 shares. My gross margin was over 220% and that averaged out to almost 13% for the entire period I held the stock
you don't get rich quick (almost no one ever does) but you get rich reliably
Rome something something day
I am not a financial advisor and don't want you to take advice from some random guy on the internet who does not have fiduciary responsibility
That being said, I think for someone to really pull GE back from the brink, they'll have to break it up into several companies. If you are patient that process may present an opportunity for worthwhile gains, but they could just as easily p*** away that opportunity. With so much speculative about the path forward, I wouldn't take that bet - especially since they essentially did away with the dividend (1¢) there is no other reason to hold it except the potential share price gains, and they could be a long time coming