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Friday, July 10, 2020 5:41:19 AM
After a few 1000:1 splits, I am pretty sure the number of old bagholders decreased drastically, but not because they sold!
Being stuck with an investment that will never recover to its original amount is also a way of losing. Try to bank it for cash and get the same money back, you won't, ever! Doubling down on falling knifes usually only increases losses, instead of winning back something. Only a few who are very, VERY lucky are happy te get out somewhat break-even or with minor loss.
Making a profit is only for some traders with a lucky shot buying at daily lows, or who are pulling the strings during any pump. Of course you can pretend to others to be an investor, but in reality just trading the stock and selling on those to whom you claim should buy more as the stock will go to da mooooon.
In the mean time SIML can't even get out of trips anymore, it's now one of those stocks for single uptick chasers, until it falls down to no bid. But seems even rather difficult to sell one uptick higher these days now.
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