I bought essar ship@225. plz. plz. tell me now what should I do. your opinion is very important to me

Question

I bought essar ship@225. plz. plz. tell me now what should I do. your opinion is very important to me

Answer 1

Babli, welcome to the buy high and watch it go down crowd. I am one of the  charter members.

What to do? Well, it depends on your situation. If you could use a tax write-off, then do it. Other wise, keep your shares. Eventually, and it may take a while, the price will go back up to 225. You will still get dividends on your stock.

I cannot get enough analysis data on Essar to make a judgment call as to what I would do if I had bought it at 225, and it depends on how many shares you have, and what your other resources are. The stock is rated "cold" for its inactivity.

Sometimes you have to bite the bullet and  take the loss in order to do something else. It is a judgment call, and only you can do that.

Regards,

Dan