GREY:IPHAF - Post by User
Comment by
WASKERWISKon Jul 17, 2008 1:04pm
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Post# 15302898
RE: wholly, Wow , Nanew Nanew
RE: wholly, Wow , Nanew Nanew"please forgive my stupid question and explain how continuing to buy and hold a stock that keeps going down is going to make a profit"
you are correct TV. that is a stupid question.
if the stock never does anything but go down you will not make a profit. If the stock goes up to above what you paid for it, then then you wil lmake a profit whether it went down meanwhile or not. If you have the skill or (most comonly) luck to time things right by selling even earlier and buying back in lower down you will proft even more.
most people who hold stock while it is decreasing in value do so because they think it will go up again
duh
one more ignore and you will be at 200
let me know if I can help you out with anything else