09-14-2019, 02:34 AM
(09-13-2019, 10:06 PM)stockguru Wrote: Lol I don’t hold loser stocks that long lol. I won’t invest in INTC because that business is too up and down. Slower PC sales more so then not, AMD new chips also put a damper on them. We all have losers. I don’t have the patience to wait it out once a company disappoints me One too many times. Good example I had bought IBM around $190 a while back. The company changed and I didn’t like the CEO and her acquisitions. So I sold at $176 and it still hasn’t recovered.
This was around the time that when stock forums were new. I remember reading and repeating the following...
"Nobody has ever sold INTC and been happy they did a year later". That was a very true statement at the time. Same pretty much applied to CSCO and MSFT. They were absolutely dominant companies. They survived because they were. BTW, I agree with you on IBM. You have to be patient to succeed at this, but you have to listen to the little voice when it tells you to dig deeper because the growth story has fundamentally changed.
Back to our topic, I've survived two nasty corrections in my investing life. MCD is regarded as a recession stock. We'll see if that applies if it enters at a PE north of 25. My little voice says it will get crushed like any other high flyer. Sure, it will rise from the ashes. It was in the 150's last year when I bought some. Market sentiment is fickle. MCD hasn't changed so much in under 12 months.