that doesn't make sense, it usually happens for thinly traded securities. Why would they decrease their own stake in the company when its doing so well? surely nobody who owns the stock during the lockout is dying to sell it
There are day-traders, weekly-traders, monthly traders, and there are investors. So there is no right or wrong, it all depends on your perspective and objective. As an investor, I have owned this stock since $7 per share. I believe NQ will reach $30 "someday within six months." As a day-trader (not me) you have to spend a lot of time, energy, and emotion to monitor the activity. About 75% of the posts are traders, not investors. So 75% of the posts here I ignore or laugh at.
When you see the powerful break out like this on an overwhelming volume you buy it.
You do not worry about any pullback.
The stock maybe very volatile in the next few days but you buy and hold watching the WEEKLY chart to keep yourself calm.
With an excellent fundamentals and the volume in the millions you can't go wrong.
This is not just your average "trading" stock.
Nobody is talking here about an investment .
You watch the stock in an uptrend going up along that magic line of 10 EMA on a weekly until the average is breached.
That is all!
Or maybe just as a long term investment. I also believe a pullback is probably going to happen due to the huge short interest in this stock but if this stock goes to 30$ come EOY, dipping back to 21 or 20 doesn't matter as much at the end of the day