I think they already are. There are plenty of people who are going to keep holding until it drops down all the way and lose everything. The smart ones already sold and left. Remember if they say its going to hit 1000, who do you think is going to buy it? No one. Just remember the hedge funds have an infinite amount of capital. They can wait far longer than anyone else. Also your profit is going to be crap, 4x your current price might sound good, but the chances of loss is like 10x. The risk ain't worth the reward.
I would buy stocks that will probably increase in the next 6 months and don't have the chance to financially ruin you.
ie NUE: steel price is the highest it has been since 2008, profits, if the economy continues, will be record breaking for most steel companies or SLB: company has always outperformed HAL - stock is only 4 bucks more. Do you think the oil and economy is going to restart in the next couple of months? SLB is exposed to more foreign markets than HAL, less chance Biden will have an impact on SLB. China is supposedly restarting and as soon as the chinese new year ends the demand for gas will skyrocket. In my opinion
Only buy what you know.
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