We are at the BOTTOM (of a bubble) keep buying!

Q

qlai

It seems lots of people are calling the top here. I understand why, but markets can get much more irrational. IMHO, we are at the “early majority” stage and we have looong way to go. The “diamond hands” phenomenon is one of the reasons I think we are still in the buy-the-dip mode.

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zghorner said:
Are you referring primarily to the handful of stocks people are talking about or the market as a whole?
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I think the craziness will spill over to blue chips. If WSB crowd moves on to pump higher priced stocks, it will not be as easy to suspend trading in those. Confidence begets confidence and their numbers will keep growing.
 
qlai said:
I think the craziness will spill over to blue chips. If WSB crowd moves on to pump higher priced stocks, it will not be as easy to suspend trading in those. Confidence begets confidence and their numbers will keep growing.
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Funds are going to sell longs to pay for short losses.
 
qlai said:
It seems lots of people are calling the top here. I understand why, but markets can get much more irrational. IMHO, we are at the “early majority” stage and we have looong way to go. The “diamond hands” phenomenon is one of the reasons I think we are still in the buy-the-dip mode.

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Yes, I do believe so as well, it will take longer than most expect and it will even get more irrational along the way that it will spin everyone's heads. In my opinion, we haven't reached the mass greed yet, which defines the real top in a bubble.
 
narafa said:
Yes, I do believe so as well, it will take longer than most expect and it will even get more irrational along the way that it will spin everyone's heads. In my opinion, we haven't reached the mass greed yet, which defines the real top in a bubble.
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GME is currently sitting at $300/sh while tiktok thots are giving trading advice...it is just around the corner my friend.
 
zghorner said:
GME is currently sitting at $300/sh while tiktok thots are giving trading advice...it is just around the corner my friend.
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It took over a year (1999 to March 2000) to put in the real top in the market and give the "Internet Bubble" it's famous name. At that time, shorts started shorting highly valued stocks (With no fundamental value) like in 1998 probably and of course they got burned to hell, because a lot of those stocks just kept going up against them for another 2 years.
 
narafa said:
It took over a year (1999 to March 2000) to put in the real top in the market and give the "Internet Bubble" it's famous name. At that time, shorts started shorting highly valued stocks (With no fundamental value) like in 1998 probably and of course they got burned to hell, because a lot of those stocks just kept going up against them for another 2 years.
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Noted. It seems like the bears are always early to the party.
 
The one sector I'm still bullish on is cannabis, eg look at recent run in CGC. We may get a short lived bounce Monday etc, main signal is if selloff continues end of week.

As long as VIX stays up >30, selling pressure continues...

lol re tiktok thots
 
I agree the excitement just got started .I’ll be 100% trading from the long side . The Dow hasn’t gotten irrational the least bit . Looks like we’re just in a 10% range basing right now .
 
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