Thread: Investing 102
View Single Post
  #3  
Old 08-09-2012, 05:41 PM
GregWeld's Avatar
GregWeld GregWeld is offline
Lateral-g Supporting Member
 
Join Date: Jul 2005
Location: Scottsdale, AriDzona
Posts: 20,741
Thanks: 504
Thanked 1,080 Times in 388 Posts
Default

Quote:
Originally Posted by XLexusTech View Post
Sound advice... i have a sell in @ about 25 ish.. hopefully i can level out..
It sucks but it is what it is... It is also the reason people always sign that caveat -- Don't gamble with money you can't afford to loose... The problem is - NOBODY thinks they're going to loose! I've bought real companies with real profits and good histories and have lost - and lost big... so just because this is Faceybook doesn't make it any better or any worse. I wish I could say -- oh - just hold it 'cause it will come back. Well - yes it can... but you're still just gambling then -- now you're gambling that it will come back...

You do realize that the week after you sell it - it will gain 10 points....

I'm sorry - really am - there's just not much help anyone can offer - because regardless of the advice - it'll be wrong. Hold it and it goes no where - sell it and it'll go up - sell half and hold half -- and maybe you have dead money AND a loss... there's just no crystal ball.
Reply With Quote