it took GLBE down with it, looks like.
I am too distracted to put a lot of time into describing this pattern, but I feel like I am seeing it with familiar names.
2016-2021 parabolic during this period
2022 omg - what were we thinking (kills stock by repeating hitting with flaming mallet)
2023-Q124 - we are sooooooo back, baby!
Now - meh. I knew we broke up for a reason. Just forgot for a moment there…
Anyone else know what I mean?
The math/pattern geeks among us might see it as a sort of diminishing oscillation wave or something…like that first bungee jump from the bridge made it all the way to the water’s edge, but then the subsequent moves are getting smaller.
It describes a certain of former Saul stocks, except ZM (cause that sucker stayed dead): UPST, DDOG, SNOW, NET, TTD. And then others during that nonsensical 2020-21 stock boom; TSLA.
I guess you could throw Bitcoin in there, too.
It is like they partied so hard on cocaine or heroin in 2020-21 and then collapsed, but someone jabbed them with adrenaline and they popped back up and now are they finally getting to the point where there is nothing left in the tank?
Dunno. I have largely sucked as an investor since end of 2021, so don’t follow me blindly.
Used to be that the goal was waiting for the fat pitch to hit. No one seems to have that patience and/or they aren’t getting any good pitches yet. So they stick to what they know and hope a 40b stock becomes an 80b stock due to…momentum?
Dreamer