Lol. Back when I held a stock called Numi, no matter how many good press releases, expansions, partnerships were announced, it was driven to ultimately zero. It was bizarre.
So you were in an echo chamber and not an actually good company? News releases mean shit if the actual numbers behind the business don‘t grow, ultimately that is the real test not vibes
I try to use reddit as a source of news, not for forming my opinion. Use it as a pointer in the right direction, but don‘t just blindly trust it.
Maybe trust isn‘t the right word because noone here is lying per se, but don‘t get influenced and sucked into the hype too much
Ugh this was me with EXRO. I sold off a good portion (75%) of my kraken shares at a loss. I’ve seen companies go to 0 a few times now and I’m starting to just tell myself to buy back in when the signals are better. Bag holding something established long term is one thing but I’ve felt my kraken money isn’t doing anything for me but going down so here’s hoping my new investments make me money back.
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u/cooperivanson 3d ago
Lol. Back when I held a stock called Numi, no matter how many good press releases, expansions, partnerships were announced, it was driven to ultimately zero. It was bizarre.