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The most foolish and dangerous saying about stock prices
✨ The Illusion of Bottom-Fishing and Selling at the Top "The stock price has fallen so much, it can't possibly fall any further.": This is the classic sentiment of a bottom-fisher. But the reality is, a stock price can fall through the floor. Peter Lynch personally experienced Polaroid falling from $140 to $11; even if you bought at $60, you'd still suffer huge losses. "I can definitely tell when a stock has hit bottom.": Bottoms are only known in hindsight. Two or three years after the bottom appears, you'll belatedly realize that the current "bottom" was just the starting point of the decline. "The stock price is only $3...
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