TEVA is not one of our current recommendations. You may not want to average down into something that is not a current recommendation. Save the cash for future opportunities.
Just out of habit, I’d encourage you to talk about all stocks by name in the Member’s Forum area, even though the only ones that have to be discussed there are the LI positions.
Teva has too high of a debt load for further averaging down. Yet, I’d be fine in holding what you have in it. Warren Buffett still owns it and it looks like most of the opioid stuff is behind them.
Thank you Sean. Sorry about that, I thought this section was for members only as well. I will reserve calling out stock names/tickers for the Members Area only. Happy New Year!
Because TEVA is a high-debt company, I’d encourage you to exit it as soon as profitable. So since you’re profitable, I’d rather see you have the money in something sounder. Congrats on your gains!
No. It was in response to the person saying, “Hey, I’m profitable on it…should I hold or exit?” Your situation is different. Therefore, it’s all relative to your situation and where you are in the stock.
I’m up 28% & 38% respectively on TEVA in two separate accounts. It looks like it has reached the upper part of the red resistance zone that you posted back in September. I think I know the answer but wanted to check in with you and get a thumbs up before I sell here. Thanks!
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