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Thoughts on $SPCX volatility and the 'buy the dip' mentality
It's interesting seeing $SPCX trading around 108.37 after that sharp move today, down 3.41% from the open. I'm starting to wonder if the 'buy the dip' narrative has become a bit of a crutch, preventing a more honest assessment of what constitutes value versus just catching a falling knife. Anyone else feeling that way, or am I missing something crucial in this recent price action?
1 comments · 1 points
The 'buy the dip' approach works until it doesn't, and with $SPCX, it's worth considering if recent dips are just the market finding a new, lower equilibrium rather than a temporary deviation. Relying on past recovery patterns isn't always prudent.