Sunday, June 04, 2017 8:12:42 AM
Just look at the chart, new comes out, buyers rush in, the stock goes up a tad, in comes a big sale and down she goes, repeating that day after day. My guess is new investors don't even read charts or google to see how to read them. Big spikes up on 3 and five year charts could be improvement but, more often it's a red flag because it's just due to a reverse split. The tell tale sign is that after the spike the stock just continues lower and lower after each spike up.
They think stock picking is easy, they get a tip or read some p/r and their hair is on fire, they've got to get in before it takes off, they're going to be rich really soon. Never happened, even if they do buy a good stock, the market has a way of shaking them out if they don't know what they're doing. In short, you're not going to just guess your way to riches, you have to know your company or you'll never make one red cent and you'll probably end up losing big bucks.
The market is always at work to get ignorant people into bad investments and shake them out of good ones. If you don't know your company really well, you might just as well leave your money on a downtown sidewalk, with the hope that when you come back in a day or so, someone will have left double for you. So sad.
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