I was DCA'ing into some companies long before they became meme stocks. DCA'd down, down, down, and of course DCA'd up, up, way the hell up, and that threw my averages way off, but hey the one I liked started coming down down down, and Robinhood totally fucked me, blocked me from averaging back down my basis. And you know who came out ahead in all that mess, that's right, we all know. The Robinhood executives and their buddies. You know who went to prison for it? No one. You know who was penalized for it? No one. You know who robbed millions of people and got richer for it? They did. And who lost? We did.
The point for the recap, reminder, is that Robinhood had a great thing going. They had everyone believing they were good for “the little people”, and even their brand, their very name conveyed integrity and their mission. And then they completely burned it all down with their greed. And no one paid the price except “the little people”.
Not only did I lose in that mess, but I also owned HOOD stock. So, I lost twice and I'm still way the hell down, and my very much worth less shares feel like dead money, but I hold on to them despite my rage for the other matters. Maybe I have an tiny bit of hope that they can redeem themselves, but I just don't know.
Can a company ever come back from such? Any chance that they'll recover, rebuild their reputation and financial situation, or should I just let it go and move on?
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