Bought Oil shares at $60, now is $49, should I sell to take a big loss?

or hold till it returns above $60 again, when?Bought Oil shares at $60, now is $49, should I sell to take a big loss?
Would it make sense to you to sell? I mean, you will be losing approximately $11/share. If you don't need the money right now, then I would wait it out, because crude prices will go back up.Bought Oil shares at $60, now is $49, should I sell to take a big loss?
do you mean contracts or shares if shares im assuming you mean the oil companies if so then yes sell. If future contracts they will bounce back up eventually maybe to 60$ but i dont see them going past that with an Obama admin with a Clinton background. If you remember the Clinton presidential time period gas was very cheap and there was a slight recession then. Oil went up because the Bush background is from oil so of course oil went up. That game will be played a little longer but not much. Alternative energy will be on the rise and roads...
if you willing to play the market you must accept that it goes up and down all the time








it will go back up again





will you ask if the price is $70 a barrel should i sell
It depends on how much you have invested, how much you need the money and how long you are prepared to wait. Me personally, I would wait. However, im sure many people would sell sell sell and cut their losses =D
';I didn't tell you to buy it, why would I tell you to sell it.';





--- Wall Street (1987)
Do not sell.Any sign of freezing weather in europe or US will make the price shoot up again.Pray for cold weather
it will pick up again
If it were me, I'd hold until it goes back up. Unless you need the tax credit for a capital loss, I wouldn't sell unless the price was right.
I personally would waite a while because that's a loss of $11 dollars a share.





Say you bought 20 shares.





You're out $220