The hype was amazing as this stock prepared to be released! Yes people clamored about this stock. I looked and did some research and found that most analysts were saying the same thing! Stock of this nature seem to always lose a lot of value. They basically said look at all the other stocks of this nature and see what has happened. So I decided to wait it out. Lets take a look and see what would happen. I did not buy a single share at the opening price. Well I have not bought any to be exact.
So after all the fan fare and hoopla. The stock lost, last time I checked close to 50 percent of what it came out as if not more.This is something that is for me a gamble at best. I mean you buy hoping it will go higher of course. You make a little money as well. But you have to know that it will possibly go down and you lose some of the money you have invested!
So this morning as I am reading the news, there now seems to be a blame game! Who’s fault was it that he stock is where it is? If there is an insider manipulation, by all means get the investigation started. Do we know if this is what has happened? No!
The best way to not admit that you made a mistake and you lost your rear on the stock is to BLAME SOMEONE ELSE!!!! Yes find someone to blame this on! We can not seem to own up for our mistakes anymore. There is always and excuse! I know many people who stayed away from the stock. I know a couple who bought into the stock. And when I speak with the buyers they all tell me the same thing. Bad investment! I always believe that you have to research and pay attention to the past.
Good luck to all who invested….
N4KMA