5 ms·
Instead of admitting they got manipulated into a pump and dump, many will try to rationalize their loss saying things like "I'm not selling, MSM badly wants the
by tootahe45 6y ago
Instead of admitting they got manipulated into a pump and dump, many will try to rationalize their loss saying things like "I'm not selling, MSM badly wants the stock to tank so the shorts get covered." (in a comment below). This is the disbelief phase.
- k33n 6y agoI'm honored that you quoted me! I'm down like $800 with a 7 figure net worth. And I like the stock to boot! Why would I sell? Edit: I have plenty of karma to burn. Stay mad (though what has you people so worked up? I have no idea) Edit2 since I'm throttled: I think the idea that it's time for me to make a judgment one way or another on the effectiveness of the investment is a fallacy in itself. I don't invest that way. It would take at least a year for me to reach a point where I am ready to say whether any given investment was a bad or good one.
- atleta 6y agoAre you sure you represent the average?
- k33n 6y agoI would certainly hope I don't!
- isoskeles 6y agoI believe the point stands regardless of your net worth. People come up with rationalizations to smooth over the ego-stinging admission that they were somebody else's greater fool. Your net worth relative to your loss may be yet another rationalization. Instead of, "I was wrong," it's, "Well, it's only $X anyway." But maybe time will prove you right. If you truly believe that, should you risk more of your money on $GME?