Quote:
Originally posted by asian_XL
^ you sure? my aunt just lost 5g usd there. she bought $15K
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When did you buy it? On the first trading day at around $30ish? Your aunt should sell when it drops over 8%. You don't want to be a bagholder and hope it will bounce back up. You will end up losing even MORE! That's one of the rule of trading, "willing to take the lost"!
All want to buy the stock when it is going up, not guessing where's the bottom will be! It's like catching a falling knife.
BX is all hype when it first traded. You don't even have balance sheet to look at! Early investors are traded from what they heard on the news, and don't even bother looking at any numbers at all. I wouldn't buy any stocks that is without balance sheet to look at except I am trading it very short term.
To tell you the truth, up to this moment, I still don't know what's BX's business module.
BX has bounced back from their low at $21ish. If the stock market and economy shows improvement in the next couple months, I am not surprise that BX will climb back up to $30.
My short term target price will be $27-28 and I will set my sell limit $0.50 if it reach $27 so I can always protect my gains.