I'm fairly young and comparatively new to shares. Obviously, many specs have been spanked in the current environment, Ben Polkinghorne (Paterson) said 'If you are still holding any speculative stocks, cut your losses and move the money into better quality stocks with greater earnings capacity.'
Do people agree with this? Some of my specs, I like fundamentally, but they are just heading further and further south, is it worth cutting my losses or holding on, whilst they whistle down...?
Any thoughts, apart from stop-loss comments, appreciated...