Time to get back to work...
We have been slammed recently with all kind of problems and friday S&P rating USA AA+ is nothing to help.
But, if you have invested in companies that are well undervalued you may have suffered a bit more recently and up and down swings are not over. Expect great volatility early this week and a terrible monday morning trading session. HANG IN THERE. It is not the time to throw out the towel. You have not loss anything until you sell. Now imagine if you were on the speculator side and fully invested in comapnies that are worthless: you could be slammed a lot more.
Some may be tempted to sell on the early opening monday but it could be a great mistake. Most of the buyers will be on the sideline knowing that many will try to get out at any price.
So if there is one place to be tomorrow: it is on the buying mode right after the early crazyness stops.
Remember why you bought the companies you bought. Remember what were the price you were looking for before starting to sell. Do you think it has changed that much???
Do you think that for example DAN that was trading at 19$ recently is now worth only 13$ because of USA problems? No way. It may take some time but i think that it is actually the second biggest chance to get into the market at heavily discounted price in less than 3 years. Opportunities will be there tomorrow morning for those who are ready to accept some great swings in value over the next 3 months but who are looking at the longer term picture.
Expect some more updates tomorrow on many of my top picks.
We have been slammed recently with all kind of problems and friday S&P rating USA AA+ is nothing to help.
But, if you have invested in companies that are well undervalued you may have suffered a bit more recently and up and down swings are not over. Expect great volatility early this week and a terrible monday morning trading session. HANG IN THERE. It is not the time to throw out the towel. You have not loss anything until you sell. Now imagine if you were on the speculator side and fully invested in comapnies that are worthless: you could be slammed a lot more.
Some may be tempted to sell on the early opening monday but it could be a great mistake. Most of the buyers will be on the sideline knowing that many will try to get out at any price.
So if there is one place to be tomorrow: it is on the buying mode right after the early crazyness stops.
Remember why you bought the companies you bought. Remember what were the price you were looking for before starting to sell. Do you think it has changed that much???
Do you think that for example DAN that was trading at 19$ recently is now worth only 13$ because of USA problems? No way. It may take some time but i think that it is actually the second biggest chance to get into the market at heavily discounted price in less than 3 years. Opportunities will be there tomorrow morning for those who are ready to accept some great swings in value over the next 3 months but who are looking at the longer term picture.
Expect some more updates tomorrow on many of my top picks.
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