By Dr. David Eifrig
There's one sentence that I hear from investors that drives me crazy...
"If the stock can just get back to where it was trading, I'll make a lot of money."
Most investors are guilty of this kind of wishful thinking. We all look at a stock's price chart and take note of its 52-week high price. Then we calculate the gain if it could get back to that price.
Most of the time, the potential gain sounds attractive. And unfortunately, a lot of investors buy for this reason alone.
Over the past few months, I've heard a lot of folks say this about tech stocks: "If they rebound back to where they were trading in 2021, I'll more than double my money."
This kind of talk drives me crazy.
I'll put it plainly, as I've told many investors these past few months...
They ain't comin' back, folks.