this post was submitted on 11 Mar 2024
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If you're buying, you're stopping it from burning...
Clearly you aren't doing it right. Me buying shares is a death knell for companies. I'd be surprised if my broker doesn't give companies a courtesy call when I've bought a few shares to let 'em know the company's about to go under.
At the very least, me buying shares in a company makes certain it will never rise any higher than at that share price, not until right after I’ve sold my shares.
I feel like we could benefit from a support group. There has to be dozens of us.
I made quite a bit of money back in the day on Apple. Bought their shares dirt cheap, and watch them come back from the brink of irrelevance.
.... Then they said they were making a phone. "That's never gonna work", I said to myself, and sold it all.
At least I made a nice profit, right?