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Re: stocks in meltdown mode
Quote:
Originally Posted by CRedskinsRule
Tell you what, people who understood the market got richer over the past 10 months. I can just say with very limited funds, I made 300% growth with very select funds. Definitely not normal, but taking the simple concept that certain stocks got caught up in the panic selling for no reason enabled simple decision making. An example is DELL, a decent stock with no serious reason to have tanked when the market did. I bought it at $27 because the year leading up to the crash it was around $55. It's now over 60, but admittedly I sold it around 50 to lock in that and bought other stocks I saw similar potential with. And I bought several Cannibas stocks in November that have seen significant growth too.
The one question I have to see is taxes, it is all within an IRA so I don't think I have taxes due for the short term gains, but have to confirm that.
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What does Dell still make? Admittedly I don't have a PC and don't know how common they are anymore, but I never even here the word Dell anymore.
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