(28-05-2022, 06:27 AM)sgbuffett Wrote: This junk called Game stop also rose sharply
Stoxks rising after falling continuously due to short term trading speculation and short covering is common.
Investors should use the opportunity to get cash out before the stock resume falling.
When dot com bubble.crash there were 8 bear market rallies of more than 10% each on the way to the bottom. Speculators never let go of overvalued stocks because each rally they think "worst is over".
Mnay stocks like Zoom, GameStop, Snowflake will never go back to their highs ever.
Tesla has many fans who will push the stock up and throw in $ to pump up but smart insiders like Elon Musk brother cashed out near $1000 level. Elon Musk is using his high overvalued Tesla stock to buy other assets like Twitter.
Speculative stocks never go down in one straight line and have rebounds to suck people back in all the time.
I think you really dont know what actually happened to Ah Musk stock kena selldown this round. Dont read the wrong news hor. There are too many news already. Will confuse many Kancheong spiders.
Luckily I got learn I Ching.
否极泰来

Did you read what Ah Musk said recently?
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"