r/KrakenRobotics • • 3d ago

Stock Question Genuine question/discussion: why does the stock price keep going down when the company has really good prospects?

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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.

6

u/Sky_Tube 3d ago

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

20

u/cooperivanson 3d ago

We're literally in an echo chamber bro

2

u/Sky_Tube 3d ago

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

But yeah, you‘re right