Something going down goes down for a reason and usually keeps going down or stays down unless A Major catalyst is introduced or profits are slowly turned around, which takes a while.
See Twitter stock for reference.
My aunt kept buying it as it dropped because it’s “twitter” even though I told her not to.
BINGO!!!
i was wondering how long it would take for someone to say this. Freepers are smart.
BTW, I have been trading stocks daily ... but institutionally, for 40 years.
Yeah, my dad chased HP stock down and down as the tech bubble was bursting. His opinion of its value was far higher than the experts and as the price kept falling he kept seeing it as a better and better bargain. Bought when he should have been shorting.
Should have weighed himself before and after so he’d know how much of his ass he lost.