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Originally Posted by fujiko
thanks for the advice.. i was actually about to use $6000 of it to expand my business.. But now that looks impossible, since its best to wait like most you guys have suggested.
Thanks a lot.. I really appreciate the help.
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It really does depend on what the stock is in imo.
If it's in the financial sector or in companies with very high debt to earnings irrespective of their growth or rentability, then the company is going to take a lot lot longer to bounce back and I'd say sell and buy into something that will rebound a bit quicker.
All sectors are hitting or shortly hitting 4yr lows, just some will bounce back quicker than others. Have a look at Christian Dior when it hits around 30 euro (25% less than todays values, whatever that be on your country's exchange) or similar in the domestic products sector, or even telecommunications sector as these will bounce back, irrespective of world recession. I'd cut out and put in these, cos you'll get your money back in less time.
Depending of course which sector you are currently in.