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Central IL | If it is a true cyclical stock, and basically a solid company, ask yourself 2 questions.
1. Looking at a multi cycle historical graph for this company. Is the stock closer to the bottom of the cycle or the top and given a "normal cycle", are you comfortable holding until the upturn occurs?
2. Is the dividend enough to give a decent return on your money while you wait for the upturn?
The answers to these should tell you what is your best option.
I have noticed that most financial folks believe that the first loss is the best loss and sell sooner than later, but as farmers, that philosophy would have caused us to all sell out decades ago, so our natural (and sometimes counterproductive) inclination is to hold on and hope things get better. | |
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stock market question.
