Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Best_man23

(5,136 posts)
17. If you buy this stock, you need to treat it as a trade vice an investment
Wed Jan 17, 2024, 08:22 AM
Jan 2024

What I mean by "treat it as a trade" (using the graph) is you want to try to buy this at a low, wait for it to go up a bit, then sell higher. This stock is too volatile to even begin considering it as an "investment" (something you hold for a long time). If you can figure out the timeframe(s) that the pattern repeats, you can buy and sell this again and again. I did something similar years ago with VMWare's stock when it was trading in a volatile cycle.

Just as a general rule, if its not crystal clear what a company does, its not adviseable to buy that company's stock or bonds. With any security you buy, you should absolutely know what that company does or produces. Remember the lesson from Enron?

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Culture Forums»Personal Finance and Investing»I don't know what just ha...»Reply #17