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I said $30.00 was the top on $BBBY on August 17th and I got bearish. $9.00 now. Why did millions prefer to not sell and not take a 200% profit and instead ride it down 70% from the $30.00 top? Why would Millions prefer not to learn to trade and lose back all that money?
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The Best Traders are not always the most popular. Twitter loved when I was Bullish on $BBBY at $10.00. last week. When I called $30.00 the top and got bearish. Said it would drop below $20.00. Not making any friends being right on that one. They don't want to hear the truth.
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The thing with meme stocks is, retail discovered the algorithm the hedgies use was not designed to combat buy and hodl, but to buy high and sell low. Retail is not selling because at some point shorts will have to cover. Your best bet is to wait and see how all this plays out.
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It’s a messing almost everyone has to learn the hard way themselves at least once probably more times than that.