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$Tesla (TSLA.US)$ It turns out that you shouldn't bet against Musk, especially when he's all-in. He's damn impressive, and he won again!
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$GameStop (GME.US)$ tesla is done! Over to you.
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$GameStop (GME.US)$ Today, Dad is coming big.
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$Fly-E (FLYE.US)$
It's really popular in New York, and it's also one of the suppliers of the NYC government's ECP Trade-In Program. The only problem is that their boss enjoys drinking and boasting in bars too much.
It's really popular in New York, and it's also one of the suppliers of the NYC government's ECP Trade-In Program. The only problem is that their boss enjoys drinking and boasting in bars too much.
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$Digital World Acquisition Corp (DWAC.US)$ If you have bullets, just buy it.
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Stocks falling by 50%, are they cheap?
Since I first started dealing with stocks, the investors around me have been buying stocks with the concept that the lower the stock price falls, the cheaper it becomes. They say that when the stock price drops significantly, it's actually a big sale! It's time to shop...
But this strategy doesn't work for every stock, and it can even be a risky move for most people.
Because the percentage of decrease and increase are not directly proportional, a 50% decrease requires a 100% increase to break even. Buying a stock at RM1 that falls to RM 0.5 is only a 50% decrease, but going from RM 0.5 to RM 1 requires a 100% increase. If you keep buying into a stock that keeps dropping in price, your wealth will keep shrinking.
Take a look at today's $Sea (SE.US)$ - The parent company of the well-known Shopee in Malaysia, the stock price fell by 28% on performance day today, dropping 89% from its peak, which means it would need about a 900% increase to reach the highest point from this price level.
Many investors consider a 50% drop as cheap, with another potential 50% decline, and then a possibility of another 100% decrease - attached is a chart from my slides for reference, dropping 50% from point A to B, another 50% from point B to C, and a further 56% drop from point C to D.
Stock prices can drop by 80% and still have the potential to drop another 100% from that point, not just remaining at 20%....
...
Since I first started dealing with stocks, the investors around me have been buying stocks with the concept that the lower the stock price falls, the cheaper it becomes. They say that when the stock price drops significantly, it's actually a big sale! It's time to shop...
But this strategy doesn't work for every stock, and it can even be a risky move for most people.
Because the percentage of decrease and increase are not directly proportional, a 50% decrease requires a 100% increase to break even. Buying a stock at RM1 that falls to RM 0.5 is only a 50% decrease, but going from RM 0.5 to RM 1 requires a 100% increase. If you keep buying into a stock that keeps dropping in price, your wealth will keep shrinking.
Take a look at today's $Sea (SE.US)$ - The parent company of the well-known Shopee in Malaysia, the stock price fell by 28% on performance day today, dropping 89% from its peak, which means it would need about a 900% increase to reach the highest point from this price level.
Many investors consider a 50% drop as cheap, with another potential 50% decline, and then a possibility of another 100% decrease - attached is a chart from my slides for reference, dropping 50% from point A to B, another 50% from point B to C, and a further 56% drop from point C to D.
Stock prices can drop by 80% and still have the potential to drop another 100% from that point, not just remaining at 20%....
...
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$Sea (SE.US)$ Bought 50 shares at 62, waiting for the financial report.
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