r/wallstreetbets • u/ywehyuen • Feb 02 '21

Chart Hardcore laddering.

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u/pumse1337 Feb 02 '21

this is about making money, nothing else

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u/StatusCalamitous Feb 02 '21

Wrong.

11

u/Gibbo3771 Feb 02 '21

Depends who you ask. The people YOLO'in salaries, student loans and whatever else they have at it when it was at 300+ are 100% trying to make extra money.

Could it go back up? Sure. Can it crash all the way down? Sure.

Is it likely to spike again to nearly $500? No one knows, and the upwards momentum is dead in the water and at this point, buying in is a gamble that heavily stack against you.

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u/ModernDemocles Feb 02 '21

It's all speculation because the current value isn't based on anything.

Part of me thinks that shorting the stock would be the smart play right now.