Thoughts on recent price action ... While we keep talking about going up from here, what if it goes down from here again, that's a possibility too. Of course, there are a lot of things happening, new and exciting that could and should make it go higher. But there is no certainty that there is only possibility to go up, it can go down too in the short term due to those very same arguments "SHOW ME THE MONEY" thing.
We keep saying a possibility of further short squeeze as potentially there is a huge short position. What if they try to bring it down again instead of allowing a short squeeze. We keep saying market manipulation, if we really believe that, then that can happen too.
Yes, things are changing in terms of new products, new stores, etc. But nothing still is in fruition stage.
Just watching the market behavior last few days after that short run, we can say it's consolidating or a little pause. Question is after this little pause, what if it goes the other way like going down.
I know if we consider long term, nothing matters but we can't skip the short term. So in the short term, anything possible.
Friday being often red days, I guess from Monday, we will know whether there will be another short term decline before going up again.