4 ms·
I have no sympathy for you either. What you doing is not investing in stocks based on rational decisions that are based on financial statements; you are simply
by joering2 14y ago
I have no sympathy for you either. What you doing is not investing in stocks based on rational decisions that are based on financial statements; you are simply using stock market as a gambling machine. Like a gambler who lost $10k but now is back with another $5k and is "winning back" his lost. But its only temporarily. Noone in his sound mind would invest into Facebook at such a P/E [1]. Yes the stock was up for couple days but its back to south and never broke is downtrend. See you at $8, together with Zynga from $14 to $.40. What are going to do then?? Buy more just to try to "win back"?
And also, can you define "expected to go down for a while". I think you rather meant that you expected this stock to lose a little bit of value [after you bought], but is it still in your stop-loss scenario (never heard any reasonable investor with 18% down stop loss).
[1] And please, lets stop comparing it to Amazon P/E. Why would you compare a company that makes tons of money for years based on the principle that humans need to buy products, with a temporary-trend where company makes money on annyoing ads that nobody wants or likes?