Mar. 18 at 11:53 PM
$SMX How could it multiply by 156 last December? Before mid-Nov last year, it had also been breaking down ATLs almost daily for weeks. No one can time the market or predict when a stock will bottom out or how quickly and to what extent it will bounce back. Last time, some people who bought toward the end of October likely saw the price drop by more than 90%. However, as of the December peak, their stocks' value increased by more than 1,500%. It is almost impossible to buy at the near bottom and sell at the near top (if someone had managed it, it would have corresponded to a staggering ~15,000%). However, even if they had captured 500% of the increase in those two months, it would still have been a significant gain. On the other hand, if the business demonstrates sustainable revenue-generating capacity, such rallies may not be intermittent events but rather milestones in a long-term upward trend. (not advice, nothing is certain, everyone is responsible for their own DD and decisions)
