Yeah, that reasoning worked for Pets.com But when I bought Amazon in 2023 for under $100. that was not the case. A pure value trade...
I have seen a lot of BSers on this forum, but wxy is doing his best to get to the top of that list in a record tempo. I would like to say I don't know if he is trolling or serious, but I am afraid I already know the answer. Imagine saying price action is not chaotic and unpredictable during high impact news.
Yes they are in this instance. Simon took it a step further. He saw that the market isn’t just reactive — it’s pre-structured. The events we think are “causing” the moves are actually fitting into a pattern that was already unfolding.
Me the other day, waking up to a beautiful day: - The bitcoin market crashed about 4% - The SP500 also went down like a 3% Obvious question: what the heck happened? Iran managed to blow up a residencial neighbourhood in Israel. Ok, so their infallible and impenetrable system isn't that strong after all. That's news, people think the same, panic and get their monies out. A classic move after breaking news.