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Hey I'm no Trump fan but you're doing the same thing. Looking at the whole chart it clearly never crashed. There was a blip up for like one day that you conveni
by dboreham 3y ago
Hey I'm no Trump fan but you're doing the same thing. Looking at the whole chart it clearly never crashed. There was a blip up for like one day that you conveniently picked as your high point and a day or so of driving price but overall given its a meme stock the price generally stayed about the same. Crash I'd define personally as 90% price collapse with no bounce back. What I see in the chart I'd call a significant short term decline after being overbought.
- ceejayoz 3y agoYour definition would exclude basically every crash other than https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929 https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929, which entailed a “89.2% loss for the index”. Even then, it came back eventually. When the "flash crash" happened in 2010 it was a 9% drop. https://en.wikipedia.org/wiki/2010_flash_crash https://en.wikipedia.org/wiki/2010_flash_crash $22 is half the average for the months preceding the drop, and 1/3 the peak, with a sustained drop for more than two weeks straight. That’d be called a crash by pretty much anyone.
- bilekas 3y ago65% is owned by 1 person so lets ignore that percentage for the purposes of describing a 'crash' as that 1 person wouldn't crash it themselves intentionally. Now you're left with 35% for retail and institutional investors. $66 to $22 is just under a 35% drop. Smells like a crash to me.