RE: Rr10122 Mar 2021 22:08
Copied from something I was reading but thought it was good value. Nicely worded!
Simple economics teaches that an objects value is based on supply and demand. If there is a high demand for something that has a short supply, the value goes up for that object. In other words the more we buy and hold, the less supply there will be. When the hedgies and market movers need to buy shares to cover their shorts and options, the demand for these shares will shoot up, and the value of the stock will shoot up as well, because we are holding on to the supply.
When people sell their shares, they are providing more supply that drives the value of the stocks down. That is why it is imperative that people who are currently buying these stocks HOLD. We need diamond hands in this fight.
This is not financial advice.