Thanks for testifying to that. Those that take all of my advice (including keeping cash on the sidelines and averaging down on the most solid positions fundamentally) and not just the initial buy recommendation point, are the ones who prosper the most. I've taught these concepts for years. And I've taught that it's what Warren Buffett and others do as well. It's part of the key to success, to beating the market and having out-sized returns over time.
Yep, that's right Sean. I averaged down and made lot's of money on BP.
Rnelson, you've also been encouraged most of that time to average down on your position. The stock went down to $24 and you had plenty of time to lower your average breakeven price. We've had plenty of former subscribers make quite a bit of money off of that position already. But they also allocated their money the way I suggested in that newsletter and averaged down on the ones I suggested. I can't help if you didn't choose to take that advice. But don't act like I did you a disservice. And by the way, the original buy price was at $41.49. So even one averaging down, plus the initial dividends would have already reaped you a great return.
Really? Two years ago you had us buy it at $43 at UWR
BP and TOT have both run hard lately. And BP is in its long-term resistance zone area now. Can it potentially go higher? Sure. But since its run so far, so fast...I'd be inclined to take the large gain and lock it in by selling.