I made another impulse buy Last week with a stock that went from $47 to $5 in a matter of a couple minutes.
I don’t believe why it dived so much but I decided to buy a couple thousand shares as well as get them for $8 each.
If I had waited about twenty more minutes when it bottomed out I would have got them for $5, but I was alarmed as well as thought that I had grabbed them at the bottom. Maybe this week it will dive down to $3 as well as stay there, who knows? I worked several minutes at the heating and A/C business to receive that currency so I hope I don’t lose it all with this impulse buy. Worst case scenario I will have to hold the stock for a while till it hopefully bounces back again. Anyways, I still have to keep now working selling heat pumps as well as compressors even if all of our currency comes back again because I don’t want to touch it for a few years. I was going to invest in an air conditioner as well as a heating business, as well as really should have, because its price went up a lot this past few weeks. I can imagine how uneasy the people who bought that stock Last week at $46 thinking it was going to keep going up, however then ended up crashing as well as losing almost 90% of its value in a couple of minutes. Imagine now working at a local business for a few years as well as saving $100K only to have it turn into $10K the next afternoon. This kind of stuff genuinely happens more than you think.