Are you gambling or investing? When you're "betting" on something (one way or the other), that's gambling. When you're investing - then you're not trying to game the latest tick by tick info. And if the stock you own is DOWN and you're worried about it... then maybe you shouldn't be in that stock.
Nobody can answer your questions. Which is why I advise EVERYONE... know what you own - why you own it - what your goals are. To advise someone what they should do, or what they "think" some stock is going to do is fools advice. Nobody knows how you're doing financially - what someones risk tolerance is - someones mental capacity for handling market swings etc. Only one person can possibly know how they feel and what their guts are doing.
The reason I advise people reading INVESTING 102 to start out with great businesses - great names - things they can monitor themselves and that pay dividends... is so they stand some chance of feeling good about their investments. It takes awhile to gain some confidence investing in a market where you have ZERO control. I advise AGAINST gambling - because this thread is for beginner investors. While they "might" miss out on the next hot stock -- they might also miss out on losing their money. I'd rather see people stay in the market - and get healthy over time. Once they feel comfortable and can afford it - they'll know when it's time to take a gamble on "X".
Personally -- if "I" owned GoPro (GPRO) I'd be a holder. I wouldn't add to my position on weakness nor on any news. There's way too much speculative money in the name. These are not "strong hands".... people are just betting that it's going higher. That's usually when you get your ass handed to you. Just when EVERYONE thinks one way in the market - look out below. Companies like this can report a stellar quarter -- but the quarter isn't "stellar" enough for the market and the stock can drop. Read the posts about "priced for perfection".
Quote:
Originally Posted by sebtarta
OK, I will remove my tin foil hat after this post. GPRO, we know its IPO was a few months back and then it took off hovering around $90 a share for the last month. We then get a report stating that some famous race car driver's accident could have been caused due to the GoPro camera on its helmet.
On October 30th GPRO is scheduled to report their Q3 earnings. Which from financial report articles they claim they meet or exceed the earnings projected. Which if this is the case it could send the stock price back up.
NOW, could that article about the injury come out just in time to send the actual stock price down to allow more buyers to jump ship before the Q3 reports? This is where my tin-conspiracy-foil hat comes into play. Am I crazy to think this way? Or should I just stop talking and keep reading more.
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