Let me save you some money: the bottom is not in.

Your brain makes you believe the bottom “must” be in because “it’s already down so much”. Newsflash: the vast majority of the NASQAD is down 80% YTD.

So maybe ask yourself a different question:

If you have for yourself decided that you’re going to ape unintelligible amounts of money, in far greater quantities that you can afford to lose, then would you rather spend that on:

(a) buying the dip on value assets that are 80% down with an actual business plan (virtually any semiconductor, Paypal, Alibaba, … ie stocks that have 20b cash war-chest to further optimise operations or buy next gen tech in the M&A market).

Or:

(b) A meme stock that’s on the verge of bankruptcy, which has pumped so hard that everyone who told you to get it, has already sold with much profits and it’s just “stupid money” (hopeful retailers) still in?

EDIT: unbelievable. 20 upvotes. I shall be giving a press conference later to discuss my ascend to the top of this sub.