I chased shit stocks and kept loading more money "averaging down" on stocks that won't ever come back thinking I was getting good buys. One of the main ones I was in reverse split. There is lots of scams out there. This one was akin to "cooking the books." IPO at over $20B valuation now sitting at $100M - $200M went from somehow bringing in billions per year to low hundred millions and stringing investors along and has never had a positive quarter since IPO in 3ish years. Insiders and execs raped every retail shareholder. Shit shouldn't even be legal or allowed to happen on "regulated exchanges" like NYSE or NASDAQ but it does. The rich scumbags win either way so why would they care.
Should I have cut my losses? Yeah but never in a hundred years did I think that would happen. I sit everyday, all day wondering why I didn't cut my losses.
I chased shit stocks and kept loading more money "averaging down" on stocks that won't ever come back thinking I was getting good buys. One of the main ones I was in reverse split. There is lots of scams out there. This one was akin to "cooking the books." IPO at over $20B valuation now sitting at $100M - $200M went from somehow bringing in billions per year to low hundred millions and stringing investors along and has never had a positive quarter since IPO in 3ish years. Insiders and execs raped every retail shareholder. Shit shouldn't even be legal or allowed to happen on "regulated exchanges" like NYSE or NASDAQ but it does. The rich scumbags win either way so why would they care.
Should I have cut my losses? Yeah but never in a hundred years did I think that would happen. I sit everyday, all day wondering why I didn't cut my losses.
Did this. I got nickeled and dimed real bad for a while.
For me this was GE. I still haven't returned to trading them. Another mistake I did was wager on a Credit Suisse bailout that didn't come.