i have plenty of Revlon share, should i hold it or sell it ?

Answer 1

So I'm assuming you either bought this stock randomly knowing nothing about the stock market or you're a Revlon employee who for some reason was given stock....

Do some research before you sell it. While you hold it, you can't lose money if it so happens that Revlon shares are doing poorly. Look on sites such as Yahoo finance.... Tools that are especially helpful are the charts they have that track the increases and decreases in share price. You can look through them and adjust the range to see how Revlon has been doing lately...

Rule of thumb is to sell when it's high (doesn't take a rocket scientist to figure that out). How do you know when it's high? When it is close to or goes over the maximum peak that it's share prices have hit for the past few months.



Oh, and by the way Revlon stock is at the lowest it's been for a year. A year ago to the day, Revlon shares where $4 each...now they're less than a dollar...I would hold it.

Answer 2

If you're asking this on this site, you probably shouldn't own the stock to begin with.

But regardless, REV is losing money like crazy, unless something amazing happens in the next year or two their only hope for survival is filing for bankruptcy. It will definitely not grow to any price that would give you any amount of significant money since it's only 89 cents. Even if it went up 100%, that's only $1.88.

I would sell, put the money into a company that is actually profitable

Answer 3

I would sell. They have too much debt. They're losing money. Its trading under a dollar now and its probably going to get delisted from the NYSE and go to the Pink Sheets.

Answer 4

Yes you should.

BTW: Don't buy stocks anymore if you're going to ask strangers what you should do with the investment.

Answer 5

sell it, better to get something than nothing.