I just thought I'd revisit how correct I was, now that we've had a couple days were Dow was down 1000 with huge Nasdaq losses.
I said, long investors should be getting nervous and getting ready to take their profits (sell their positions). In the same week as our conversation GME peaked at around 222, up from 200 when this thread began. Since its height at around 222 it has dipped back down below 200, up to 206 and then crashed to 175.
These long investors holding their positions on faith and gut feeling got royally screwed if they did not sell at the top, which exemplifies why I say, do not greedy, take your wins and move on.
I just thought I'd revisit how correct I was, now that we've had a couple days were Dow was down 1000 with huge Nasdaq losses.
I said, long investors should be getting nervous and getting ready to take their profits (sell their positions). In the same week as our conversation GME peaked at around 222, up from 200 when this thread began. Since its height at around 222 it has dipped back down below 200, up to 206 and then crashed to 175.
These long investors holding their positions on faith and gut feeling got royally screwed if they did not sell at the top, which exemplifies why I say, do not greedy, take your wins and move on.