The baggy dead stock bounce strategy: Best performing asset
Here is a new example of the baggy dead stock bounce strategy I posted about 2 months ago (link in related ideas).
MoviePass went up 777%.
Gambling idiots getting excited buying after it goes up hundreds of percent in a few days.
Volume is a few dozen or hundred grans a day, which is more than enough for most people.
As soon as it breaks a new high it explodes up.
Who is buying? Maybe gambing idiots that think the stock is going back to ath one day. Baggies "averaging down". "Investors" that lost everything and try making it back speculating (good luck with that). Or "students" following a "penny stock educator" that plays pump and dump with this crap, and they are actually stupid enough to think the thousands of them are all going to make money and scam someone, who would be losing money while they make money? No idea. Their imaginary friend maybe?
Where to get out thought?
MoviePass went up 777%.
Gambling idiots getting excited buying after it goes up hundreds of percent in a few days.
Volume is a few dozen or hundred grans a day, which is more than enough for most people.
As soon as it breaks a new high it explodes up.
Who is buying? Maybe gambing idiots that think the stock is going back to ath one day. Baggies "averaging down". "Investors" that lost everything and try making it back speculating (good luck with that). Or "students" following a "penny stock educator" that plays pump and dump with this crap, and they are actually stupid enough to think the thousands of them are all going to make money and scam someone, who would be losing money while they make money? No idea. Their imaginary friend maybe?
Where to get out thought?
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