14 replies to this topic

[tsharp]

Okay, maybe attempt a push upward to close that gap in the 225 range?

 

[Rogerdodger]

I'm thinking that there was a lot of "new kids on the block" feeling serious pain right now.

 

"Once burned, twice shy."

 

It may have been a valuable, expensive lesson for them.

 

Or they now may be hooked on adrenaline and want another rush at any price.

[tsharp]

I'm thinking that there was a lot of "new kids on the block" feeling serious pain right now.

 

"Once burned, twice shy."

 

It may have been a valuable, expensive lesson for them.

 

Or they now may be hooked on adrenaline and want another rush at any price.

 

Yes, and I read about one reddit guy who left about $17MM on the table, as of yesterday...

 

Still no reversal signal, though the ~58.50 range seems to be a good range, if there is one:

 

 

[brucekeller]

It's a valuable lesson, but you don't want to be left too bearish either. Cost me way too much money since 2009 lol. :\   Best lesson would have been being lucky enough to to be in on it around $4-$10 and get to see how irrationally exuberant a stock can get, so that in the future you'll look for an exit point when the momentum shows signs of finally dying instead of just the price being too high. That allows you to get into things like Tesla back in March and not bat an eye at almost a trillion market cap. 

Edited by brucekeller, 05 February 2021 - 01:24 AM.

[tsharp]

It's a valuable lesson, but you don't want to be left too bearish either. Cost me way too much money since 2009 lol. :\   Best lesson would have been being lucky enough to to be in on it around $4-$10 and get to see how irrationally exuberant a stock can get, so that in the future you'll look for an exit point when the momentum shows signs of finally dying instead of just the price being too high. That allows you to get into things like Tesla back in March and not bat an eye at almost a trillion market cap. 

 

FWIW, my work still has TSLA as a hold from the 40s...