Quote:
Originally Posted by Hammock Parties
Pure instinct. Don't get greedy. Look at the long-term history of the stock. That's how I played MARK.
Although technically, nothing I've cashed out of this year has "burned" anyone.
MARK is probably still a good long term play.
This can work for or against you - look at GNUS. Big dump and everyone who held is now riiiich, biaaatch! Wish I had bought at 2 instead of waiting for 1.50.
Also, read the room. No way I'm holding IBIO or VISL past the current crisis. Pandemic and riot plays.
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Just be careful. Risky strategies tend to pay off in bull markets, but when the bear rolls around, you can lose a ton of money in a hurry.