Question of the Week – nervous on NAB

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Question: I bought NAB at $27.62 last Thursday. I've been following the stock and it has been declining. Would you be able to explain why the NAB trend is down? I have 1000 units and I don't know whether to hold on to call of it or to reduce. Would you be able to help on this please?

Answer (By Paul Rickard): I don’t know why you would be concerned about your purchase of NAB after a few days, unless you purchased the shares for a short-term trade. When I invest, I don’t expect to pick the bottom – so it is quite normal for me to see a stock trade below what I paid for it.

In the case of NAB, nothing has changed since last Thursday:

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