/biz/ - Business & Finance

>>29934039

>>28329719
>i owned OPTI at 0.04 at one point
>sold it at 0.12 thinking i did good for a 3x
>now it's going to be a 10x soon
>everyone told me it was a scam, "look at the video they made lmaoooo!" https://www.youtube.com/watch?v=-Z3qKMbjWG4

i fucking hate you all. I FUCKING HATE YOU ALL YOU HEAR ME???

what's with all of the "Sell GME Sell AMC!" FUD threads flooding /biz/ right now?

>>22534377
i've said it before and i'll say it again: look at the VIX during the 2008 GFC and 2020 covid crash. note when it got around 80+ and roughly where price was on the SPY during that time, or just different individual stocks in general. it calls the bottom very well. that's what i'd personally be waiting for. again, for a quick cheat sheet on the VIX, generally speaking:

>it's around 10-20 the vast majority of the time. this represents when the market is stable and either flat or trending quietly. obviously often closer to 10 than 20.
>30-40 is a strong dip. for a recent reference, the softbank meme that dumped the nasdaq over 10% in 2-3 days and stocks like AMD dumping around 20% got the VIX up to a max of 38.28
>50-60 usually represents a Flash Crash
>80+ is pricing in the literal apocalypse. this has only happened twice in the past 20 years, 2008 and covid. both considering the potential collapse of the world economic system as a whole basically. assuming it isn't literally the end of the world, this is probably roughly where the ultimate bottom would be of any given crash
>the only time it's been higher was black monday, 1987, but that doesn't count because they didn't have circuit breakers or various other shit in place back then (which to be fair came about literally because of this event), but even then as you might imagine it was a great buying opportunity. it topped out at 172.79 then.

>>22319405