ehh you’re doing yourself a disservice categorizing $HOOD as such especially when the meme crowd is/was supposedly trying to short it…in any event trying to relegate HOOD to meme status sounds like sour grapes for missing out on the run especially when you admit you’re willing to buy in at the “right” price
If I read news articles that say Reddit is into it I file it into that category at least in the short term. Once Reddit looks at a stock the price action becomes irrational.
If a stock is going up 30-40% in a day off no fundamental news I’m not touching it. No sour grapes if they made a business impacting announcement and they rose that high ok but Cathy is buying it and Reddit is into it ain’t that. There’s too many dogs chasing cars out here and I’m not looking to join them.
After the GME situation there’s a whole boat load of people running after whatever and if you can get ahead of their next move you can exploit that for bank but I’ve more or less settled into buying companies I actually believe in and holding them.
When SoFi goes from $23 to $15 in a few days off no real news I just shrug my shoulders and go about my day because I plan to hold it for years and I like the company and product. When I’m buying stuff like BB that somebody on a message board sold me on because I think I can make money I'm constantly refreshing Yahoo Finance and when it falls close to my cost basis I’m selling.