..of course, many are tempted to buy in into yesterday's heroes when it is at a low price- example Appen (APX) had a huge 3x bag run between Feb and March this year which turned out to be nothing more than a short hopium blip but am sure who bought at $1 thinking its the start of the run are now left holding the bag with 50% decline.
..ditto with those who bought LTR at $1.50 jumping in with FOMO on the back of forum spruiking near term production excitement, now left down -20% and thinking of averaging down more.
6 month view
APX Stock Price and Chart — ASX:APX — TradingView
..of course, many are tempted to buy in into yesterday's heroes...
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