it should be happening tonight. This will be all over all social media and all tv/print. Retail bad guy is at it again even though stocks were halted to save the hedge funds. Tomorrow, I expect apes around the planet to start jumping on the rocket as it is lifting off with or without them. This has everything to do with retail traders seeing how shorted gamestop was. Squeezing shorts is lauded if a hedge does it, demonized if we do it. if we see ANY action like this in the first 15 minutes of the market, I am likely clocking out for the day and just watching the stock and setting limit lines all day to be able to sell as soon as it starts to crater.
My knowledge of how to position this is likely poor so my only hope is to sell on the upswing, without selling too early and definitely without selling too late. The only way I can think of that is for some random number examples: say it keeps mooning and its nearing 400, I could set a limit sale at 350 and keep raising it by 50 over and over while it is mooning. if it gets to 450, set it at 400. if at 500, set it at 450, etc.
The only thing with strategy is what if no one was buying as I sold? but that seems impossible as it would cause the stock to flatline if no one was buying the shares as it went down.
