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re: SSL - Sasol stock. Good long-term hold or not?

Posted on 5/22/24 at 4:23 pm to
Posted by Volt
Ascension Island, S Atlantic Ocean
Member since Nov 2009
2977 posts
Posted on 5/22/24 at 4:23 pm to
quote:

It was a great covid buy under $1.


I starred buying in when it was just over $1 and was up over 500% awhile back, but now only up 65%. Had some great dividends. Gonna keep holding for now, but damn sure wish I would've sold a big chunk when I was way up.

How many of us, after raking in the lows of Covid, have said "I wish I would've sold stock X when it was at its high"? My portfolio and financial future would look a hell of a lot better right now.
Posted by thejudge
Westlake, LA
Member since Sep 2009
14127 posts
Posted on 5/23/24 at 3:21 pm to
After their massive fire taking offline a unit in Westlake production took a big hit.

That and the leadership in SA has been rough.

There probably is a play here somewhere once they bring their ethylene production back to fulloutput...

If you buy it don't hold it long once it pops a little. They will be down a while with the work needed to rebuild.
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