Momentum still looks to be weeks away, if ever. When was the last time this stock had momentum? March 2000?
The great thing about momentum investing is you never get killed like the longs did here. Do not take the advice of the longs here. They do not know squat. They are in love with their darling LVLT. Wait for momentum. Momentum is your real friend.
I'm not a short kind of guy. No need to be. There have been plenty of opportunities in regional banks and financials of the past 18 months. Now I'm turning to tech. With plenty of trepidation, I might add. People here seem to take losses of 50% or more in stride. I cannot see it.
If LVLT is going to the moon, I'll hop on when it proves it. If not, there are only about a 1,000 other story stocks out there.