Quote:
Originally Posted by Hog's Gone Fishin
You know what?? Some of us were smart enough to take out our basis already and are sitting on House money to play this. Remember , it has already gone from $8 to $72.
Those of you not playing this slot machine may end up watching us dumbasses cash in.
I wonder if DaFace has ever bought a lottery ticket ,ever?
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Sorry, that came out harsh. I'm not criticizing you for playing around in these stocks. I wouldn't recommend it to anyone I know as I don't think there's any real edge you have, but if you've made money doing it, by all means, good for you. Buy your lottery tick, enjoy the experience and stimulation, and hope it cashes out. Nothing wrong with that.
It's when people start talking about "the hedgies" manipulating dark pools and spreading false information and "bear attacks" and all of this other nonsense. You're assuming you know a lot more about what drives these stocks than you do. And you're making the entire thing very personal when each price move you feel you need to explain on the basis of this narrative.
That's all. I've been a professional trader for nearly two decades. I've run a trading desk at a bank and have been a portfolio manager at a "hedgie" managing dozens of other traders globally.
Trying to personify price action is a slippery slope that isn't conducive to clear thought and good trading.