I am trying to find out what the recommendation for Global Industries (GLBL) is today. I have not received any advice since I bought it per Motley Fool recommendation. Too late to sell......Down about 73%. Any hope for the future? Buy more?
sorry guy...appears if there is any hope..its a long way off???you shoulda run like scalded mongoose when 17-16 broke down..as per the chart belowhttp://stockcharts.com/charts/gallery.html?GLBLnect time...trust what you can see..not what you hear or read....learn and turn....or churn and burnHope is not a good tool in this gamewe all made these horriible mistakes...the trick is never againgoood luckstr
I am trying to find out what the recommendation for Global Industries (GLBL) is today. I have not received any advice since I bought it per Motley Fool recommendation. Too late to sell......Down about 73%. Any hope for the future? Buy more?You're what's officially known as a bag holder now.The good news is you're not alone.The bad news is you have to decide what to do now.Are you an investor or trader?Either way, forget about what you paid for it. No need to worry, or hope, that it'll get close to your purchase price.What's your time frame? If you're an investor and have a very long time frame and have reason to want to "own" the company the current price may be a very good one. But I wouldn't rush out to buy more. Chance are very good you'll be able to buy it current prices or lower on many occasions in the near future or longer.If you're a trader, sell it immediately. You'll have a much easier time evaluating your options when you no longer own the stock (and associated bag holder baggage). If you decide to buy it again, you'll probably be able to do so at the same or lower prices.Best of luck,Timp.s. the Fool is good for two things,1) the message boards (the free ones)2) selling newsletters ... and don't waste your time and money following their advice
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