Re: Investing Thread - better known as Wall Street Gambling
Posted: Tue Nov 29, 2022 6:58 am
At $361 the stock is roughly halfway between its high before The Tweet and its low after. The total swing was less than 5%. The average weekly volatility of that stock is +/- 4%. This whole 'emotional overreaction' is well within the noise floor.Hardartery wrote: ↑Mon Nov 28, 2022 10:14 am Looking over the market this morning it appears that Eli Lilly is back up to where it was. So, emotional market panic is now moderated over the space of a week or two and that was apparently a good opportunity to take advantage of over-reaction. Cause the market doesn't make short term mistakes or panic, and the smart money large firms would never do anything stupid with money like invest in FTX because they have all of that information that we don't have. Sure.