03-22-2020, 03:20 PM
Thanks, I will check it out. I can use all the resources I can get. This is the worst I've been beaten up in 20 years. 20% of my port is down bad. I always average down at least a little, and it very rarely works to be honest. At times like these I tend to get into a different mode. "Get out of denial and into quality". Sometime the thesis just changes and you have to admit you are now wrong. When I have a stock down 50% and fear any chance of BK, I look for a higher quality stock that is down and flip. Too late to go in cash with these positions. A highly quality stock that may only be down 30-40% is often the better path to take. Nothing scarier than holding junk when the future is unclear. I've rode a few stocks down to BK because I was in deep denial. (Mostly oil stocks and a few techs).