and our buying prices are also high than current prices
2007-02-27 15:17:38 · 11 answers · asked by pixie 2 in Business & Finance ➔ Renting & Real Estate
when there is a big crash, its bound to bounce back.
so i would actually buy more.
though, the safest option wud be to hang on. dont sell
but, then, you should observe the trend in the market movements, before taking any decision
2007-02-27 15:27:44 · answer #1 · answered by knuckles 2 · 0⤊ 0⤋
Do not get Panicky and don't try to sell. Wait patiently and again market will go up after some time. If you have more money try to take some additional selected stock at a lower cost at the time of crash for increase in value in future
2007-02-27 23:21:57 · answer #2 · answered by balakrishnan c 3 · 0⤊ 0⤋
We just wait a while and watch market from a far distance and keep away from investing any huge amount. Then cunsult a good expert in this case and identify the strongest and weakest point in the current circumstance and catch the strongest and leave the weakest and be aware of huge investments.
2007-02-27 23:30:24 · answer #3 · answered by srijan 1 · 0⤊ 0⤋
the market just went through a correction. some sections of the market were overvalued (tech & small cap especially).
the correction was overdue, it was bound to happen, and now we are back on course. The market is only going to go up hill from here. as others have said, the adage "buy low sell high" applies here.
What i would do: if you have existing positions, hold them. if you have extra cash, consider adding more to one of your stronger companies you might have a position on (Citigroup, Bank of America, Altria Group, etc).
2007-02-27 23:46:41 · answer #4 · answered by Rob H 1 · 0⤊ 0⤋
BUY MORE. This is the time to buy. Buy low and sell high. Buy companies that are solid though. Like Citigroup or Caterpillar.
2007-02-27 23:42:27 · answer #5 · answered by Hello11 2 · 0⤊ 0⤋
Get a one story house - windows are closer to the ground, in case someone gets to feeling panicky.
2007-02-28 00:17:30 · answer #6 · answered by teran_realtor 7 · 0⤊ 0⤋
add more 400 points to the market if u want...dont be troubled and nervous just njoy life....
2007-02-27 23:21:38 · answer #7 · answered by pope45918 1 · 0⤊ 0⤋
If you are a prudent investor, you've put your money in stocks that are relatively impervious to market fluctuations. If you've invested smartly, you just ride it out.
2007-02-27 23:21:20 · answer #8 · answered by absynthian 6 · 0⤊ 0⤋
It depends on the script, if the technicals and fundamentals are not strongs, it is better to book losses, that is, less loss than to wait and make heavy losses.
2007-02-27 23:36:33 · answer #9 · answered by wizard of the East 7 · 0⤊ 0⤋
most people panic which makes things worse.
2007-02-27 23:19:36 · answer #10 · answered by Anonymous · 0⤊ 0⤋