• MeatsOfRage@lemmy.world
    link
    fedilink
    arrow-up
    336
    arrow-down
    15
    ·
    edit-2
    8 months ago

    Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it’s got pretty good upward consistency.

    Posts like this are like the sad ex who can’t move on and just makes up bullshit about their former partner. Let’s move on and make Lemmy better instead of being stuck making up fake news for internet points.

      • Kusimulkku@lemm.ee
        link
        fedilink
        arrow-up
        29
        arrow-down
        6
        ·
        8 months ago

        This feels like straight up agenda posting. Posting it to a shitposting sub doesn’t make it any different.

    • saltesc@lemmy.world
      link
      fedilink
      arrow-up
      32
      ·
      8 months ago

      I do this all the time in my reports to execs. If they’re not paying attention to something I’ve been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they’re obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.

    • wolfpack86@lemmy.world
      link
      fedilink
      arrow-up
      8
      ·
      8 months ago

      Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.

      Finally sold most of those shares at $475.

    • BeansLeg@lemm.ee
      link
      fedilink
      English
      arrow-up
      4
      ·
      7 months ago

      I agree with the sentiment but it certainly has not been a clear upward trajectory.

      • MeatsOfRage@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        7 months ago

        Yea now it’s going through fluctuations. When this post went up it was at the peak of the 26th. Either way, we gotta wait this out before jerking ourselves off about a stock crash.

        • BeansLeg@lemm.ee
          link
          fedilink
          English
          arrow-up
          2
          ·
          7 months ago

          You’re right, I didn’t notice the post was a few days old. I completely agree with you then.

          We can still jerk ourselves off the old fashioned way though.