Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Flip a coin. No one knows.


Ironically. That is actually a good answer. The forecast success rate for supposed "experts" across many disciplines is around 44%, or worse than a coin-flip. But that doesn't mean that attempting to make forecasts --which every investor and every trader is trying to do-- is a waste of time. One just has to have a good sense of when to trust the forecast and when to ignore it, so that one is making an informed bet, instead of a blind-faith guess.

Obviously, the OP bought on the basis of no due diligence or evidence, just hope. Predictably, he's now losing money and is clueless what to do next for failing to plan before acting. Oh, well. The markets depend on dumb money coming in at the top, and there's no reason to upset that predator-prey relationship.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.