Anyone else tired of bagholding tdoc or BIDU?
Even though I believe in the two companies in the long term, I am thinking maybe my money will be better spent somewhere else And my belief has let me to DCA like crazy on these since March, but now I feel a bit out of steam (I have some cash, but want to use it on more optimistic goals). I mean, TDOC is 51% down from the ATH in Feb, and 25% down YTD, BIDU is 54% down from the ATH in Feb and 21% down YTD.
I reduced my TDOC by about 25% in June when it hit 171 (which was my break even price at that time), but BIDU, I have never managed to get near my breakeven point (even though I managed to reduce it from 250s in March to 197 now).
What will you do if you were me? Keep holding or trim my holdings a bit, say reduce my holding by 20% or so in each?
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dalithepainter : how badly do you need the cash. otherwise hold for the long term and average down. if you believe in the company and that it has strong fundamental, then you should buy more when it drops
102539156 Dan : U Have set a amount n iNvest in 3-4 tranches... can’t keep DCA.. sometimes 5-10% drop is normal fOr these stocks ...
Perharps can DCA after a significant drop after a fEw days after bottoming will b better.
U read charts?