Weekly Recap: How Many Casualties Did Pinduoduo's 72-Hour Blitz Claim?
In just 72 hours, a meticulously orchestrated onslaught against retail investors unfolded, offering yet another sobering lesson:
1. Market Action: From Wednesday through Friday, the market behavior witnessed in the past three trading sessions resembled a textbook example:
2. Trading Actions:
Personally, my 122 calls from late February were obliterated, swinging from a potential 300% gain to a 50% loss in under 48 hours.
I'm curious about others' experiences, particularly regarding the 0322-120 calls touted by some. How many bought in, and how many found themselves ensnared?
3. Post-Mortem:
4. Next Steps:
Stocks: Market volatility doesn't necessarily reflect Pinduoduo's underlying value. Personally, I foresee potential for a rebound in the upcoming week or the one after, possibly finding support around the MA200. Institutional profit-takers might also re-enter, riding the next wave.
Options: Exercise caution. Avoid doubling down on expiring calls; while averaging down may be viable in stocks, it can spell disaster in options trading. Don't gamble! I've witnessed the dire consequences of gambling on NIO's earnings. Let's hope the Buffetts among us steer clear of such risks.
5. Encouragement for Losses:
To those in the red, seek insightful analysis over emotional outbursts. Ranting won't solve anything. Learn from mistakes and prepare for the next bout.
Investing is an infinite game. Your aim is to stay in the game and accrue long-term gains!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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