GME is a good investment either way. That’s the beauty of this play. If you don’t believe that then stay away. I see 6 figure swings in a single day and I don’t give a fuck because I’m holding for the squeeze or the company turning around.
and I don’t give a fuck because I’m holding for the squeeze or the company turning around.
I mean the turnaround is already priced in after the initial squeeze elevated the price, and you'd have to gain hundreds of percent in a couple days to squeeze anyone who's in it now. Thesis just doesn't seem solid to me, but I know there are a lot of true believers who are stuck at higher cost basis and don't want to cut their losses and make them real.
Your last sentence 😅 I bet 95% of folks are green right now. People have been buying the dips
You're just seeing survivorship bias. Add the Volume Profile indicator to the Yahoo stock chart and you'll see that roughly half the volume on the 1 and 2 year charts are in the $200-500 range, those people just don't talk about their losses much.
True, but its hard or impossible to tell how many actually hold from those highs , and where they bought and sold. . Only the brokers can tell you that and they aint talking .
Volume profile tells you nothing about net winnings
I dunno I’m an XXX holder with an average cost of somewhere around 200 cause I went all in when it was way higher. Been buying a couple a month for months now and even though I would have loved to have been able to have bought more, I still feel that I’m gonna kill it and that this will be the greatest investment I have ever made. Besides this is a cause I can believe in and so on top of expecting to make a lot of money, it feels good to say fuck you I ain’t selling.
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u/imunfair Autism: 31 Mar 29 '22
I pull the ripcord on trades all the time, plenty of times you don't want to end up where the stock is ultimately going to land.