Wish bag holders this our week, let us all unite!1. Wish showing some stability around $2.50
2. Possible short covering to make up for losses in other positions by the shorts acting as a floor
3. Possible bottom since the company is trading close to 0.8-1 expected sales for 2022 & possible break-even by the first Q
4. CEO must be announced upcoming week or the next
5. Technicals looking good with multiple divergences
6. Still waiting for institutions positions update
7. Beginning to see some improvements on the platform , shipping times getting better.
8. Interest rate hikes (problem if wish wants to raise more money) BUT has no debt and looking to break even.
9. If there is a buyout i would expect at least at 3-4x sales meaning $8-$10
10. Hold your bags tight! we are all in this together! Do not let wallstreet steal your stocks. Worst case we are all wrong! it happens, we will study what we did wrong learn from it and move on! investing does not end with one bad decision there is always room for improvement, never give up! Best case the price will tell!
Bagholders
Berkley has permitting issues$BKY capital destruction when a stock has permitting issues with the incumbent Government , Authority, Landowner or Indigenous tribe.
There is no need to speculate big in the most risky stocks in this space, they are all high risk anyway...
It always works the same way...Human-sheep hybrids psychology.
No matter where I look I see the same flaws manifest in different ways
A quote
By 1998, Yahoo was the beneficiary of a de facto Ponzi scheme. Investors were excited about the Internet. One reason they were excited was Yahoo's revenue growth. So they invested in new Internet startups. The startups then used the money to buy ads on Yahoo to get traffic. Which caused yet more revenue growth for Yahoo, and further convinced investors the Internet was worth investing in. When I realized this one day, sitting in my cubicle, I jumped up like Archimedes in his bathtub, except instead of "Eureka!" I was shouting "Sell!"
The majority just ends up becoming bagholders one way or another.
Here are comments on the housing bubble from 2006
" Since the early seventies, our economic expansions have really been credit bubbles in disguise, and they have been paid for by inflating the money supply. The net result each time has been a reduction in the middle class standard of living. In the sixties, the family could easily make due on one income; do the math today…dual incomes aren’t enough now. "
thehousingbubbleblog.com
The lucky investors are the ones whose invetment falls like a rock and goes all the way to zero because they panic sell.
The unlucky one are the ones for who the price slowly falls and keeps giving them copium.
Virtually no one manages to make money trading, but they all manage to reach their primary goal which is to feel like a trader.
Technically humans are less able to adapt to gradual change than frogs, so the expression boiling frog is not that accurate.
Humans are huge bagholders with herd mentality. Some are bigger bagholders and more easilly enslaves.
Funny how it's impossible to find any useful tangible info on the subject on the internet you just get drowned in a sea of ideology propaganda.
The Milgram's experiments on obedience to authority are also interesting to read about. The vast majority complied with it, and even 65% went all the way to the final 450 volt death sentence.
What's great about the Milgram's experiences is they were used to criticize the holocaust (for stupid people that want to report me: I'm obviously not saying criticizing it is a bad thing), and they fall in line with the western ideology, so we can find plenty on the subject and read about it. That's their greatest quality: we can actually freely read about them.
You can't read (In Germany and France at least) anti LGBT research, articles, stats. That is illegal and incitation to hatred.
Spitting on a religion and printing drawings of the prophet sodomizing a sheep, which directly incites to hatred both in the arab world and in the west where people's head are cut off, is legally NOT incitation to hatred .
I'm just saying... You're in China you won't read about Tiananmen Square. The west used writtings and research by Gustave Le Bon and other guys I forgot the names of, that did a great job on herd mentality, propaganda, compliance, etc, and good luck finding much about it... Anyone that talks about it won't go to jail but will be a "crazy conspiracy theorist" and the herd believes it (they literally use the tactics they are accused of to silence critics it's hilarous).
With herd mentality did you know you could move a guided robot that looks like a sheep and the whole herd will come running?
It is also possible to use this to remote control fish in an aquarium? It is very fun.
It works the same way from humans but slighlty harder or more subtle.
For example the vast majority in urban areas will walk by someone dying on the ground, but if 1 person stops to help then the crowd stops too.
For example in a crowded area if people see 2-3 people run for their lives the whole crowd will follow, in that case the crowd might have to even the non-sheep.
In open concerts you start with a few weirdoes dancing and once the trend starts the crowd quickly dances and befor you know it the people not dancing are the weirdoes.
Bitcoin investors were considered idiots by "normies" or sheeple if you prefer, and somewhere between 2012 and 2017 investing in BTC became the norm and the skeptics are the idiots.
These herd trends look like the growth of a bacteria population (or viral pandemic), also appear in markets, but this is a story for another time.
Gnus trend reversal - Learn to not be a bag holderTrend reversal and volume increase with significant golden cross on hourly. You guys saw what happened last time I noticed these things on this ticker.
It went from $1.30 to $11. Now I am not saying that will happen again but the chart and my research on the company is very solid.
I will not do the research for you but I invite you to read through ALL of the company's press releases and shareholder letters. Even the very old ones.
I also invite you to go look at my previous TA's on GNUS which I have attached to the "related ideas" bar.
I believe there is quite a bit of upside here but it will be volatile so do not chase.
If you decide to enter do so on a pullback.
(Rant below is mainly for new traders or traders who are struggling to understand how this stuff works but I am sure
even experienced and profitable traders can gain something from it.)
This is the most underestimated stock in the market right now.
If you followed my first TA when it was $1.31 in may before the big run up, hopefully you took profit anywhere from $2 to $11.
You must always take profit even if it means just selling a portion of your position, this is not a game.
You must learn to manage and lower your risk.
That being said gnus is far from done imo.
Too much fear brought the price way down and the MM's love it because they got to reload for dirt cheap after dumping all of their shares on chasers.
I sold at $3, $5 and $7 on the first run up which where my targets when I did the TA.
( It is still up and is called "GNUS breaks 4 year bearish trend with violent move on volume") if you want to check it out.
Now I did not catch the top but I made a hell of a profit regardless (best swing tade of the year for me).
What would have happened if I just held? I would have lost ALL of my profit. This is why you MUST always take profit.
Now I am loaded back up with only a portion of the profit I made on the initial run with an avg of 1.07.
I already sold a third of my new position at $1.40 to lower risk and I will sell another portion of my position if it strikes $2 and re-evaluate from there.
You need to buy when the MM's are buying which they have been massively the past month according to dark pool and LVL2 data.
Then you need to sell BEFORE the MM's unload. At least scale out of the trade even if you whole heartedly believe it will continue.
If it doubles, do not be afraid to sell half and secure your initial investment. If it triples in a short period of time then sell all and wait to re enter later.
Most of the time MUCH later. (months)
Even if you get a 2% to 10% move on a stock you should consider selling and moving to the next play unless you have researched the company diligently and want to turn it into a long swing trade or investment.
PROFIT IS PROFIT!!!
Moves like the one you saw with gnus almost ALWAYS pull back massively. You can be a profitable trader. It is not as hard as most people make it seem. Learn to be disciplined and learn to STOP trading and investing with emotion.
REPLACE THE EMOTION WITH LOGIC. REPLACE THE IMPATINCE WITH PAITENCE. MAKING THE RIGHT ENTRY IS CRUCIAL. BUY THE FEAR. SELL THE HYPE. RESEARCH DIGELENTLY. MOST IMPORTANTLY STOP CHASING!!!
Do these things and watch your account turn around. I am tired of seeing good people lose money over stupid mistakes. You must learn to control your emotion and never let them control you.
/rant
THIS IS NOT FINANCIAL ADVICE
I AM NOT A FINACIAL ADVISOR
THIS IS NOT A RECOMENDATION TO BUY THIS STOCK
The baggy dead stock bounce strategy: Best performing assetHere 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?
SPY DOUBLE TOP!! BAG HOLDERS BEWARE!!Daily chart double top for SPY. This should feel very ominous for people holding long positions.
Kimbal Musk dumped 150.000 TESLA shares. OMEGALUL :DI cannot link here but the file is on the SEC (evil shortseller enrichment commission). He sold at 306$ too.
I don't know how to read this, did he sell to his brother? Well anyway, looks like some distibution, and company is going really bad.
I know every one that is in love with Elon Musk hates to see this, but hey he lost his mind. I have never seen someone that is not an "uneducated member of the herd" get THIS delusional. He promises every one shortsellers will get destroyed, then when it does not happen he blames the SEC. The typical thing you would expect from a complete moron but not someone like this. "Why did the SEC do nothing to stop the selling? Why are we not protected". NO, this guy goes one step further and claims the SEC are hating him to help shorts make money.
There is someone that went to Tesla Motors Club forum and told them he was a short seller and wanted to have a productive conversation, the hate he got XD
So I don't know if I want to try talking to these savages. I got my hands full with crypto cultists, don't need to go talk to more crazies.
"Weak hands" is just another term for "not lunatics" I swear.
All eyes on the 250$ area, I am really curious to see what happens next. We could start a new bull run, won't last long or go very far in my opinion if that happens.
In the greater scheme, I think the next 50 years the stock market "big thing" will be about renewable energies (just like the past 50 years 1970-2020 were about communication, computers, the internet, a new stock exchange Nasdaq), Tesla are the first ones to be this big, obviously this company is an important pioneer.
The 50 years cycle should end soon (even if it is in 3 years it is soon we are talking about 50 years market cycles here), I might invest in Tesla, I do not mind the loonies as long as no one goes full Eugene and brings a backpack full of AR-31 at the office if you know what I mean.
I might update this idea with a few lunatic quotes from delusional crazy bagholders :D
And of course, if we move from that boring distribution area that lasted 1 year already...
