No worries if you plan to hold on to the stock forthe long term and are not a short-term speculator looking to make a quick buck. View it as a chance to accumulate more assets (in this case, shares). Companies will grow (or not). Do your homework and let that determine your decision, more than simply looking at the share price.
Even with the seemingly-attractive share price, there are red flags in that the balance sheet is negative, and there is not much cash flow. Looking at these "business numbers", so to speak, it would occur to me that it might be better to stay away for now, until there is some indication of improvement for BBBY.
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Very good advice. I am trying my hand at selling put options too. My approach:1) look at companies you believe in. A put, after all, means that you believe that the share price not drop below a certain amount. 2) look at companies YOU CAN AFFORD. This is not a game: while we can always buy back the option (to cut losses, ostensibly) closer to expiry, you must always assume a worst-case scenario, which is that you must buy a lot of 100 shares if the said stock. So make sure you can afford it to avoid unnecessary trouble. 3) same as (2), but look at companies you believe it. After all, owning 100 shares of a company you believe in will always be a good thing. Just make sure you don't overextend your finances while doing so!Would love to hear your perspectives too. 😃
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$Amazon.com(AMZN)$For the first time in what feels like a long time (maybe since the 20-for-1 split?), Amazon is in the green. The recent Prime Day(s) would have certainly played a part. Hopefully this continues.
Tesla is never "safe". It is very volatile! Know your businesses before investing into them, and you will not panic when the stock prices change. Not too happy when it rises, nor too sad when it dips.Have the stomach to take changes in the market (especially for a stock like Tesla, with plenty of Rises and falls). Otherwise, I would say that one can expect Tesla to do (generally) well. It is a market leader and pioneer in its industry, after all.
While the first image people have when they think of Tesla is cars, it is also important to know that they are more than just an automotive maker. Even more encouragingly, the other businesses they are doing are all related to sustainable energy. Plenty of time (and room) for growth.
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Reduce and rebalance your existing portfolio, butdon't let Apple exit your position totally.Apple is one of those brands with a certain pulling power to drive earnings. Bad days will come, but good days will, too.
It is also very important to buy something you arefamiliar with. You must know more about the business that you are planning to buy a share in, be it Apple (or tech stocks) or the Energy Sector. You cannot go wrong with educating yourself before making an informed decision.
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