You’ve lost money on a particular stock for the past three
years. Thus, you believes the stock will have a high positive rate
of return this year because earning a good return is long overdue.
This assumption is best described as the:
1-fourth wave.
2-gambler's fallacy.
3-house money effect.
Massive gains in stocks like Facebook, Amazon, Apple and Google
over the last few years led investors to buy up shares of most new
tech IPOs such Twitter, Snap, GoPro and...