skyplt wrote: My 35 dollar buy order happened. I was not expecting that until tomorrow. Thrilled I was able to top up under 36.
INVSTIGATOR, your quote below reminded me of an Abbot and Costello skit:
Costello: When you pay off the first baseman every month, who gets the money?
Abbott: Every dollar of it. And why not, the man's entitled to it.
Costello: Who is?
Abbott: Yes.
Costello: So who gets it?
Abbott: Why shouldn't he? Sometimes his wife comes down and collects it.
Costello: Who's wife?
Abbott: Yes. After all, the man earns it.
Costello: Who does?
Abbott: Absolutely.
Costello: Well, all I'm trying to find out is what's the guy's name on first base?
Abbott: Oh, no, no. What is on second base.
Costello: I'm not asking you who's on second.
Abbott: Who's on first!
INVSTIGAT0R wrote: The stock market is exactly like poker. You need to be thinking what everyone else is thinking and try to think on different levels. The price action today is happening because smart money thinks that dumb money will panic sell, therefore smart money will sell as well. Smart money also realizes that other smart money will sell based on dumb money selling so selling has increased exponentially because of this. The plan for the smartest money now is to enter before the other smart money enters after dumb money selling is exhausted. The smartest money will load up all the way down a coil increasing their stake the closer they get to the next bottom. At the very volume they load up as big as they can which raises the bull flag and everyone else jumps on board. The average investor is an idiot which is why MMs and institutions can do so well in a high retail held stock. Unless you're good at guessing what the average person will do in certain situations it is best to go long.