I remember the dot.com bubble. Stocks would go up 50-100% in a day sometimes. This went on for months. Relatives, colleagues and friends would tell me how rich they were getting everyday. I stayed out of it. It seemed too good to be true. Eventually, it was too good to be true when the crash of 2000-2002 happened.
At this point, I'm hodling for now. I admit, I did buy 2 shares of memory stocks in today's premarket, 1 of MU @ $790.79 and 1 of STX @ 787.87, to ride the rise or decline. Other than that, I'm avoiding making buys in this market, except of tax loss harvesting.
I was out this morning at the open, when both MU and STX dipped below my purchase prices. As of 1:20PM, MU was over $800 and STX was $836. I am hoping both will go over $1000 this week.
We'll see how this goes.
This is not financial, stock picking, nor investment advice. Please consult a professional advisor.
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