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Sunday, 01/09/2022 8:43:51 AM

Sunday, January 09, 2022 8:43:51 AM

Post# of 58005
This negativity reminds me one stock I had interest in and watching closely but my decision was influenced by negativity of investors on ihub board. It's ticker is NIO a Chinese made electric vehicle company. They had IPO on NYSE at $13 per share years ago and lots of institutions bought a lots of shares spent tens and hundreds of millions of dollars then prices started sliding downwards. I remember checking and seeing that big banks like BofA, Wells Fargo, just to name a few and many other major fund institutions bought millions of that company shares, at the time I was doing my research NIO shares went down to $5 a piece and I got some. But, onslaught kept going pushing farther down and negativity on this board was heavy. Prices kept falling to $4 then to $3 then to $2 and ney sayers was screaming sell sell sell, it's going to get dilisted from NYSE, because it fell far below NYSE minimum requirements threshold which is has to be above $5. I was adding bit by bit on way down averaging down pps cost but ney sayers has such influence on me I was fearful and while I had plenty of funds available I was reluctant to act when it fell to all time low $1.24 since then I had to learn a lesson to do my own due diligence and to know what you buying and not to be persuaded by all sorts of noise by stupid people. At the time I had piled up a 6k shares averaged $4.5 being on red awhile and the constant negativity on this board played it's trick on me, and when prices moved up and got me on green territory I sold it only for $600 of profits just before it ran to all time high $66 a piece and now trading at $30 and still have bright future. I own only about 1k shares of them and 50% on green. And had I been a bit more prudent I could have had 40K shares and would have made lots more money. Yes, I own Shiba currently and yes I'm on red territory and will continue to hold and perhaps will even add some more as it drops farther down, no worries here. Please, do your own DD, learn if you must from your own mistakes or from mistakes of others but own your own decisions and be responsible for the decisions you make. My thoughts are for entertainment only and should never be considered as an advise to buy or sell anything. Now let's keep sailing together and see where this Shiba ship will take us to. Bon Voyage!
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