I can imagine how frustrated the people who purchased that stock yesterday at $46 thinking it was going to keep going up, however then ended up crashing plus losing almost 90% of its value in a couple of fourths
I made another impulse buy yesterday with a stock that went from $47 to $5 in a matter of a couple fourths. I don’t understand why it dived so much but I decided to buy a couple thousand shares plus get them for $8 each. If I had waited about twenty more fourths when it bottomed out I would have got them for $5, but I was scared plus thought that I had grabbed them at the bottom. Maybe today it will dive down to $3 plus stay there, who actually knows? I worked multiple fourths at the heating plus A/C corporation to acquire that cash so I hope I don’t lose it all with this impulse buy. Worst case scenario I will simply have to hold the stock for a while till it hopefully bounces back again. Anyways, I still have to keep working selling heat pumps plus compressors even if all of my cash comes back again because I don’t want to touch it for a few years. I was going to try and invest in an a/c plus heating dealer, plus entirely should have, because its price also went up a lot this past few weeks. I can imagine how frustrated the people who purchased that stock yesterday at $46 thinking it was going to keep going up, however then ended up crashing plus losing almost 90% of its value in a couple of fourths. Imagine being busy working at a local corporation for a few years plus saving $100K only to have it turn into $10K the next afternoon. This kind of stuff happens more than you think.