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look at your cat and scratch your head in disbelief. Fluffy being the smart critter she is, evacuates the room while you frantically assess the ‘damage’.
What do you do now? Do you buy it all back? All the shares you once had, buy the exact same ones back right away? Did you catch yourself saying No to some of those you would not buyback? Eureka! You just did it.
Of course, you have selected some good shares to invest in and I would fully suspect that you would be bidding for them as soon as possible. However, those ones that you say no to. Let’s face it. Fluffy just set you free of your bags. The remainder of that cash can now be used to purchase those other stocks you were eying. Looks like fluffy won’t lose one of her lives today after all.
Moral of the story: If a stock in your account is suddenly sold and you wouldn’t rush to buy it back, then why are you still holding it now? Think about this the next time you feel you are holding a bag. Imagine Fluffy did this to you. If you can honestly say you would not buy it back, then perhaps you really should let it go. Move the remainder of the funds into something else you deem a better investment.
We appreciate your attention in this episode of our technical analysis where we kicked it into high gear and took some fundamental analysis and approached it from a technical perspective. Remember, as the sector shows signs of volatility so don’t be afraid to take advantage of the technical skills you are budding into. We will continue to help you build upon your skills with every edition until you are high on knowledge.
As always, if you have any stock or technical analysis topics you would like to cover for our next issue please reach out to me on Twitter via @rhum01
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it Up >