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I understand the whole narrative of holding the line and giving the finger to the big hedge funds. In my humble opinion, I think our efforts are futile in the long run - we are going against people with seemingly unlimited money in a game of tug-of-war.
Not everyone has decent capital to sit there and hold. For example, I had about $1500 in my bank account, and $250 in my brokerage. I work full time on salary, and make $3k a month - most goes to food and bills (paying debt from when I was younger).
For me, turning $250 into $3.2k as it stands rn ($7.8k at peak) is life changing money. I wish I sold at the peak, as everyone usually does, but I’m thinking I take my profits where I can since this would effect me in such a positive way. My main interests rn is my 14k shares in CRKN and 650 shares in FFIE, I’m looking to sell at market open if it spikes. I personally don’t see another pickup like we had last week.
I’m open to someone much smarter than me in this realm to give me a reason to hold. It’s a noble duty to hold, but for me it would be greedy and financially irresponsible to not capitalize on this kind of profit. Lmk yall
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- 6 months ago
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