We all know how stupid of a reason one can come up with to justify holding a stock but actually what was the most stupid reason you ever brought (or sold short) a stock?
If I remember all those funny stories I learned from others, how they made their money and were actually proud of, there must be tons of stories that are embarrassingly stupid if you think about it.
I was not part of it (I was a SAP pump and dump believer and participant) but I know back at the university there was this company outsourcing drawing cartoons and animated movies to Asia and went big but burned and crashed. The reason why a friend of mine lost all his money on this single stock was he enjoyed a trailer for a movie and went to buy this shit without any due diligence. I call that stupid.
So what is your story. I really want to see if I can group those reasons and get some rules out of it so that I do not fool myself one day needlessly.
PS: Again, only reasons to buy/sell short not how to justify holding it when you should no better.
[link] [comments] https://www.reddit.com/r/stocks/comments/14h29a1/most_stupid_reason_you_ever_took_a_position_in_a/
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