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Article: Street signs: when does it make sense to unload a stock?(methods and management of buying and selling stocks in stock markets)
- Article from:
- Black Enterprise
- Article date:
- June 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AS THE YEAR BEGAN, IT SEEMED LIKE INVESTORS ON WALL Street couldn't have asked for a better start. The Dow Jones industrial average was routinely closing at record levels and the road ahead seemed smooth. But in late February, like a splash of cold water, a one-day drop in the Dow of more than 400 points reawakened complacent investors. It was the largest decline since the stock market reopened following 9-11, and it caused anxiety in some investors.
But Coy Satterfield, an education administrator in Atlanta, says he maintained his composure. Though he admits to being a bit alarmed upon first hearing the news, Satterfield calmed down after learning that the drop ...