Hey 3.5 readers.
So, I bought Snapchat stock a couple weeks ago.
And all the headlines in the stock related media were essentially, “YOU ARE A DUMBASS IF YOU BOUGHT SNAPCHAT! SELL RIGHT AWAY!”
But I held in there. And held…and held…and held…and it slipped…and I held. Finally, it slipped more and I figured this was a dumb idea. I sold it at a loss of $200.
Then a couple of days later it started to go back up. And the stock media was like, “SNAPCHAT IS GREAT! WHY’D YOU SELL IT, DUMBASS?”
I swear, buying a stock is more or less like placing a bet in a casino and stock journalists yell, “Put it on red! People who put it on black are morons!”
But then if it lands on black, they’re like, “We knew it was going to land on black all along, dummy!”
So…who knows? I guess in a year if SNAP bottoms out I’ll be glad I sold. Then again, if you goes through the roof I’ll be banging my head against the wall.
All I know is that stock journalist are like those two crusty old bastards who sit in the back of the Muppet Theater and heckle Kermit over everything. They’re going to heckle you no matter what you do, so just do what you think is best.