....and I was one of those shaken out at $44. Thankfully I had got in at about $35, so I raked in a decent sum in just a few days. Eager to go back in though. I don't believe the bubble is about to burst yet, there's still plenty of upside in store. I'll wait a bit for now. Any thoughts?
I'm getting a little twitchy myself. I was in SCTY from 17, out at 27. Then back in around 42...wish I'd never sold at 27! Checked it today, it was $50! Looked again this afternoon...it was $42. I'm not sure how much more I can take to be honest. I'm glad TSLA is starting to calm down a bit, wish SCTY would do the same.
You're right its way too volatile to my liking. I believe in both SCTY and TSLA, but I think SCTY has plenty of room to grow even in the short term. They are active in only a handful of states, and market penetration is low. It is not like TSLA where they are ultimately constrained by a limited market for luxury vehicles (that is till GIII arrives). I believe SCTY will rally in the coming weeks, but I'm not confident enough to dive back in just yet.