No. of Recommendations: 8
I wonder if you can say anything trade-worthy about drastic reflexive moves like this?
Well, one possibility: I sold some stuff to raise yet more cash : )
Momentum is a valid approach, stay long till it stops going up. But heck, when somebody offers you a very high price for something you own, it makes sense to at least consider it before turning them down.
Pretty crazy market. BIRD had a market cap around $20m at the start of the week. On Wednesday more dollars worth of BIRD traded yesterday than dollars worth of Exxon. PartAI like it's 1999.
Jim
(no, BIRD was not the thing I sold for what I thought was a high price!)
