So the next Iphone model will be unveiled soon. As an investor I am trying to decide whether or not to invest before the product launches.
I have reservations though, due to the past time I invested in a company right before a product launch.
This last time was right before the release of the Karma drone from GoPro. I bought my shares right in the midst of the bubble. October of last year at $14.95 a share. I read reports that the process was going off without a hitch. Then the day of launch, drones were pushed back and the community was patient. A few more pushbacks and the chip manufacturer hold up, quick consumer returns due to drones falling from the sky; I sold all my shares at $9 recently. I did not lose too much over the issue, taught me not to only look at reports of the company but also its supply lines. A report of AMA would have set off my alarm sooner had I saw it.
Lessons learned:
1. Pay attention to companies involved in production when riding the wave behind a product launch.
2. Find an app or online collection of articles regarding stock news. I now use SeekingAlpha and it helps give me so much insight, and I can look up stories about whichever stock very easily.
Disclaimer: I do not hold stock in any companies mentioned nor was I paid to mention any of the companies I mentioned here. I have am not recommending any stocks; only discussing strategy and real experience.
Please do your own due diligence before investing.
I will update this post as more information is available.
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