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MissDiem OP t1_j6f3fle wrote

Reply to comment by jr1tn in The next big junk heap to rally by MissDiem

Several of these names (top half) when they bottomed I wonder if it was worth dumpster diving, but they just seemed too unloved.

All the things on the bottom have that same feeling: nothing good there, and only bad news on the horizon. Remember late Dec as Musk was self-immolating, inventories climbing, story after story of low quality and overpricing. Analysts were sure TSLA would "break the buck" (fall below $100)

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Weird-Status-287 t1_j6fbfew wrote

I'd say test your theory with the names you came up with and if you're right (don't talk yourself into it, make sure its sound) then give it a try with real money.

Always test strategies (then you can back up your hypothesis with some results and more people will listen)

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MissDiem OP t1_j6fda9h wrote

I basically did with the top half ones. All of them I strongly considered buying at their recent lows, but the sentiment and fundamentals were mostly off-putting. I did go big into NFLX $165-185 And scaled out $235-285. For crpoto I do derivative names like miners/data centers so my commitment there was just to hold, and some say any day you don't sell is like the same as buying. They've rallied strongly this month so I've been scaling out.

But the post is inspired by how all of these backtested well.

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