Do you think that My ETF is going to Die completely or?

Question

Do you think it will be a slow recoverer. The thing is since this stock ( FIG) has been out it has been in a downward trend and it is my number one loser.

I feel that I have lost enough on it it would be to late to sell any of it ( I rather see it fade to black -or red as the case may be- than to "just" take the loss) I rather lose all of it in hopes that it will eventually recover and chalk it up as an education.
Please dont be too hard on me I am bullish on this stock and prefer the anguish in hopes of proving you wrong ( those who disagree)

Answer 1

first off this is NOT an ETF. Fortress Group is a private equity frim that deals primarly with leveraged buyouts aka Blackstone. They are taking this hit because some of their dealing are in the sub prime market. I do not see a recovery on this in the short term because it is in the financial sector. I would cut my losses and leave it. I hope you were at least smart enough to put a stop order on it when you bought it in the mid 20's if you bought it at $30 you need to be out now.

Answer 2

#1 rule of investing: KNOW WHAT YOU'RE INVESTING IN.
#2 rule of investing: Have an Asset Allocation Plan to minimize the effect of "bad investments" on your portfolio.

Ok... first.... FIG is not an ETF. It's a stock of a publicly held company. (this alone should disqualify you from investing for at least a year).

Next: From a "technical point f view", there's a bearish wedge on the 5 year weekly chart & bearish wedge on the 1 year daily chart. This could be a good "short". I didn't look at the fundementals.

Never buy a stock or keep a stock because you "hope" the direction or price will get to a certain price. When you buy a stock, always have an exit plan (that's what "stops" are all about).

Read a few good books on investing or you'll continue to have the same problems for years to come.

Answer 3

Happy birthday G! (despite the fact that he cannot pay attention me) :D I favored each bands till that bastard craig mabbit joined etf and ruined them. I pass over ronnie! He made Etf the exquisite band it as soon as was once! DX Favorite album from MCR was once Three cheers for candy revenge and fave album from ETF was once demise is your ultra-modern type Umm i don have a favorite photograph xD I already further my rant. xD

Answer 4

It was hot when it did the IPO. Not so hot any longer. This could turn into a real disaster. It has a lot of exposure to mortgages. And the appitite for its offerings may not be so great as in the past. In fact the market may have gaged on them.