So much for the "short squeeze" in BBBY, huh?
Down 60% in 3 days.
I hope nobody around here got suckered in by the Reddit touts on that one!
Hard lesson for anyone who did: Short squeezes NEVER go "to the Moon!"
NEVER.
They shoot up, and then they crash back down to reality.
Ummm, this is exactly what a short squeeze is fren. Go look at the Volkswagen short squeeze chart back in 2008 for an example.
Right. Shot up, and then crashed and burned immediately thereafter -- to the tune of a 93% drop.
Thanks for proving my point.
No, you contradicted yourself. You stated they NEVER GO TO THE MOON, NEVER. This is exactly what happens with a short squeeze, but it's only temporary.
Most everyone knows they have to sell when it spikes, you won't get an infinity pool as some have been tricked into believing. But the point still stands with stocks like GME and the short squeeze that's coming. It'll "moon" but you have to sell before things crash back down. The only outlier is how long will it last.
That is my ENTIRE point.
Duh.
No, the stock touts are NOT telling anyone to sell.
They didn't say sell at $400. They played the Jim Cramer card and said, "Buy, buy, buy!"
You are the ONLY one on here who I have EVER seen to say sell.
The claim is that it will last long enough to bust the system.
That is bullshit. And THAT is what I have been calling out.
No, you did not word your post in this manor. If that is what you meant, you did not get your point across properly because every other line you posted contradicted the latter.
Then you must be on Reddit seeing that, because most anyone who's ever dealt with stocks knows this. Reddit moonboys will chase any pump and dump with zero research.
See my point above this.
Nobody knows what's going to happen. To act like you do know, makes you no better than Cocaine Cramer.