12 Silliest (and Most Dangerous) Things People Say About Stock Prices by Peter Lynch
If it’s gone down this much already, it can’t go much lower. You can tell when a stock has hit bottom. If it’s gone this high already, how can it possibly go higher? It’s only $3 a share, what can I lose? Eventually, it will come back. It can’t get worse than this. When it rebounds to $10, I’ll sell. Conservative stocks don’t fluctuate much. It’s taking too long for anything to ever happen. I lost a lot of money because I didn’t buy it. I’ll catch the next one. The stock is up, so I must be right. The stock is down, so I must be wrong.