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Tom Nash
Tom Nash

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If you panic sold yesterday you should NOT be investing

If you panic sold yesterday you should NOT be investing

Comments

I think you’re on point here. The market tends to overcorrect in both directions, it’s human nature. When emotions run high, you often see these exaggerated swings that don’t match up with the fundamentals. And yes, Tesla had a massive run up, so some pullback was inevitable. But that doesn’t mean the underlying story has changed.

Generico Fakero

always brother

Generico Fakero

I often look for big market overreactions to specific stocks/news as buying opportunities. This feels like a broad-scale overreaction. Granted, the pullback was probably warranted given the run up of the year, and especially the last few weeks. But agree with Tom--this was not a panic sell moment (if there ever is such a thing). Market made nice double bottom today at 730 and 815 (Pacific time), so let's see if that holds up

Jonathan Aufderheide

Thank you, Tom, for holding the community together and into the New Year!!!

Ray

happy to help

Generico Fakero

Never crossed my mind 🙂.

Reidar Brenden


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