Post by
flamingogold on Jul 21, 2023 9:49am
Capitulation
Many longs likely capitulated under $3 and now are looking at the share price head back up. Many will end up buying back in higher due to FOMO and some will eventually get stuck in a negative equity position depending on how high they buy back in. A hard pill to swallow.
Lack of patience, FOMO and chasing a stock are three investing evils. Practice the first and profits will follow.