Quote:
Originally Posted by XLexusTech
What does a 10% drop really mean? To me it means If I were to sell today I would only get just over 100% increase in share price on my FB stock... I wish things got "hammered" like tat more often :-)
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AWESOME!! And that's the thing the talking heads do over and over.... they harp on the minute by minute action... and talk about "big drops" (that are 1 or 2% in reality).... and nobody ever does the calculations that if the market is UP 30% - so what if you drop 5 or 10% !!
But it is what we live with.
Buying LOW is fantastic! It's when people come in at the much higher prices and then take a hit... then they throw in the towel. The minute they do - the stock goes up and recovers the drop and adds some! LOL
BTW --- Have to add --- This is a good time to go look at a long term chart of FaceBook (FB) even the one year chart looks RIGHT -- low on the left and climbing to the right. Choppy sure... but the trend is your friend! LOL