Anxious Zombie Posted December 11, 2012 Share Posted December 11, 2012 So just 5 minutes ago I bought the last batch of stocks that would get me the Sell!! SELL!! avvie. When I started the stock I chose was at 174, now it's at 141 :'( Quote Link to comment Share on other sites More sharing options...
Jadey Posted December 11, 2012 Share Posted December 11, 2012 Awww that's no good :( I gave up on the stock market a long time ago. I never have the right instincts on what to buy. Quote Link to comment Share on other sites More sharing options...
~Xandria Posted December 11, 2012 Share Posted December 11, 2012 I am assuming you bought MPC? All stocks go up at some point so it's just a matter of waiting it out. I think when most people buy an expensive stock for the avvie they sell it right away, so there is no chance of a loss and you can just get the avatar. You definitley shouldn't have held onto it. But I don't think it's anything you can't recover from. Just check it frequently and if it gets close to the price you bought it at - sell. Or you could sell right now at a loss if you don't wanna wait and are afraid of waiting a long time for it to go back up. It's really up to you. Hopefully some regulars of the stock market board will pop in here and give some better advice. Quote Link to comment Share on other sites More sharing options...
The_Warblers Posted December 11, 2012 Share Posted December 11, 2012 :(( Aww, I'm sorry to hear. Hopefully it would back up tomorrow or so Quote Link to comment Share on other sites More sharing options...
gingerew Posted December 11, 2012 Share Posted December 11, 2012 Personally, I'd sell it right now and cut my losses. It's pretty risky to buy so high and you have to be prepared for it to drop dramatically like it did with you :( It's not very often that stocks get up to 174 so if you're only wanting to play for the avatar, you might be waiting a loooong while for it to get back up. In the future, I'd recommend only buying when stocks are low (15 or 16) and slowly building up to the avatar. That's how I did it, and although it took longer, I never lost any money. In fact, I earned a bunch of money while trying and now I love the stock market and play every day! Rebecca~, ~Xandria and karmacow 3 Quote Link to comment Share on other sites More sharing options...
Anxious Zombie Posted December 11, 2012 Author Share Posted December 11, 2012 Oh, I'm willing to wait forever. It just sucks, Quote Link to comment Share on other sites More sharing options...
Batman Posted December 11, 2012 Share Posted December 11, 2012 I would personally cut my losses and sell now. Their is no telling if the stock will ever go that high again, also you can take whatever you get back from selling and put it into a cheaper stock (only buy at 15, the lowest possible) and make up the rest of the np that way. You won't be waiting nearly as long but you will just have to invest it over a couple of days. Quote Link to comment Share on other sites More sharing options...
Anxious Zombie Posted December 11, 2012 Author Share Posted December 11, 2012 I'm trying my hand in restocking just to cover my loses, cashing in as soon as it gets higher then the lower shares I bought and investing in new shares :) Quote Link to comment Share on other sites More sharing options...
SidtheSnail Posted December 11, 2012 Share Posted December 11, 2012 I bought 3.6 million into KSON when it was at 800.. Crying in a corner over here Quote Link to comment Share on other sites More sharing options...
Finn the Human Posted December 11, 2012 Share Posted December 11, 2012 Oh, I'm willing to wait forever. It just sucks, Don't wait, it might go down to less than one hundred. It was at 202 and kept falling since. It climbed back to 180 and still falls. I recommend selling now. ~Xandria 1 Quote Link to comment Share on other sites More sharing options...
Anxious Zombie Posted December 11, 2012 Author Share Posted December 11, 2012 I'll sell if it drops more then 30% less then my highest batch, right now it's at 18% and a few hours ago I was able to sell two of my lower batches. Quote Link to comment Share on other sites More sharing options...
Finn the Human Posted December 12, 2012 Share Posted December 12, 2012 I'll sell if it drops more then 30% less then my highest batch, right now it's at 18% and a few hours ago I was able to sell two of my lower batches. Stocks are all about luck and chance, which is why I don't play in real life! Quote Link to comment Share on other sites More sharing options...
Ysera Posted December 12, 2012 Share Posted December 12, 2012 Stocks are all about luck and chance, which is why I don't play in real life! Well, in real life, you can actually do research and look at financial statements so you can more or less predict if the company will earn in the future. It only becomes a gamble if you know nothing about the stock but still buy it because of rumors or hype. As for the OP's problem, like the others, I also recommend selling now. It will be worse if the price goes down below 100. Even if you can wait forever, why do so at all? Quote Link to comment Share on other sites More sharing options...
Sannah Posted December 12, 2012 Share Posted December 12, 2012 They're right - it might be 5 or 10 years. Will you be playing still? Will you be around for it? Unless you don't need the money and see no use for it - sell it now or at least keep a very close eye on it the next few days and sell if it continues dropping. Quote Link to comment Share on other sites More sharing options...
Anxious Zombie Posted December 12, 2012 Author Share Posted December 12, 2012 They're right - it might be 5 or 10 years. Will you be playing still? I've been playing for 11 1/2 years now why stop in 5 or 10? But you'll all be happy to know I sold it all, my other stocks made up the difference Quote Link to comment Share on other sites More sharing options...
Sannah Posted December 12, 2012 Share Posted December 12, 2012 Fair enough - most Neopets players don't last that long, though! In the end it's just neopoints, right? :-) Quote Link to comment Share on other sites More sharing options...
Finn the Human Posted December 12, 2012 Share Posted December 12, 2012 Well, in real life, you can actually do research and look at financial statements so you can more or less predict if the company will earn in the future. It only becomes a gamble if you know nothing about the stock but still buy it because of rumors or hype. As for the OP's problem, like the others, I also recommend selling now. It will be worse if the price goes down below 100. Even if you can wait forever, why do so at all? Yea, but there was a market crash a few years ago which could be sudden. Imagine KSON hits from 700 to 5! Quote Link to comment Share on other sites More sharing options...
Ysera Posted December 13, 2012 Share Posted December 13, 2012 Yea, but there was a market crash a few years ago which could be sudden. Imagine KSON hits from 700 to 5! Um.. Not sure why you're telling me this. I recommended the OP to sell. :) On another note, that crash was beneficial to me because I bought KSON cheaply then. Quote Link to comment Share on other sites More sharing options...
Anxious Zombie Posted December 13, 2012 Author Share Posted December 13, 2012 I'm not sure why anyone is still going on about this. I sold all of them my dear forum friends. Now I'm back to the low end stocks :) Quote Link to comment Share on other sites More sharing options...
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