The Investment Thread

Saint_Ward said
No, I don't care. Make your money. my only play account is an IRA and it's a challenge to make moves quick enough to catch pricing changes within a day, let alone even a couple days. I'm poking fun at those that are just following along and have no clue what they're doing. I don't count you in that group.

But, overall, to think that this is sound investing strategy or that this won't come crashing down at some point is just foolhardy.

There is so much BS being pushed that sounds like insider info, it's just nuts. Every few years there is some sort of technical feeding frenzy that has absolutely nothing to do with an underlying business. This isn't getting in on AMZN back in the day at a low price seeing future growth, or getting lucky. This is sort of market manipulation to me, but to be fair, I'm not paying that much attention.

Why do you talk about this as if it is just a bunch of kids feeding into a stock they know nothing about? This is a technical play based off of sound data, taking advantage of a group of hedge fund that used an immense amount of margin capital to intentionally try to drive fine American companies out of business for their own already-inflated pockets. Sure, there are indeed blind followers, but I don't get the vibe that they make up the majority. The media tries to portray it that way though, including its insistence on calling them "meme stocks" instead of what they truly are.

Of COURSE they will come crashing down at some point; everyone knows that. That's why you must have a sound exit strategy and consistently find ways to skim when you can.

It is a sound investment strategy if you actually did the homework on them. Obviously, at this price range, I would not recommend it. But back when I bought in, in the $7 range, I thought it was a sound, calculated move with limited downside and incredible upside; it was risky, but it was a risk worth taking for me personally, knowing I have backup to make up for the loss later if need-be.