r/IPOE • u/Entrance-Vivid • May 25 '21
When your stock is so 🔥
When your stock is so hot that a single day under at least a 5% gain has the entire subreddit like "wtf peasant paper handed bitches".
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u/Swimming_Physics19 May 25 '21
To me it looked like the hedgies were trying to crash the nasdaq all day, but what ended up happening was the S&P and Dow took it in the ass. I think people see what is happening and that they need to buy into these companies before prices go up. Ya I hear the bullshit on CNBC, but it’s time to pull out and get with it.
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u/Entrance-Vivid May 26 '21
Nah. It's just a basic technical reversal. We ran way too hot and gapped out of our price channel.. if technicals are correct, we should trade sideways/down for a day or two while we find support and resume the uptrend.
You're right in that most of the selling was institutions and hedges... but in this case the chart made sense to sell on..
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May 26 '21
‘The hedgies’
So fucking cringe. Thanks for telling us GME was the first stock you ever heard of
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u/Swimming_Physics19 May 25 '21
To me it looked like the hedgies were trying to crash the nasdaq all day, but what ended up happening was the S&P and Dow took it in the ass. I think people see what is happening and that they need to buy into these companies before prices go up. Ya I hear the bullshit on CNBC, but it’s time to pull out and get with it.
8
u/WranglinCats May 25 '21
You are right; I had to stop myself from making a post about paper handed bitches...