Well, who was greedy?
Schwab always keeps the good stuff for itself and the 1%. I remember Schwab offering retail Facebook and I knew FB would tank big early so I declined. FB tanked big and if I would have bought at ipo offering price I would have had to hold for a year to break even.
So it WAS better to wait and let it tank, buy low and sell much higher.
The market is rigged so we must learn how play according to their rules and always take gains immediately to stay ahead of the eternal retail trend to lose and give away hard earned cash.
I remember 2011 as well and DECK can be a dangerous trade on the first drop. I believe it has more room to drop as it did in 2011 to my surprise and limited loss. I sold at a moderate loss, but those who held lost so much more. it's now back on my watchlist and I may buy within the next 30-45 days.
I couldn't buy one share, so I knew the big boys were about to rake over 401k's, pension funds, and all other little guys hoping for an adequate retirement.
Well, well. This is where Bruiser ran to hide. How's that MM pump trade you pushed for months working out?
...and I too for not thinking about peeling potatoes, then cutting into strips for the fryer to go with your meat, cheese, and bread.
While Wall Street laughs.
If you're surprised that this stock is tanking so soon you need never invest again. This was/is over-hyped junk. A fair price would be $20 maximum until they're earnings and growth prove otherwise.