dunkelblau
Recycles dryer sheets
That sounds like a recency bias, they probably became overconfident after that long winning streak and blew past their position size limits. IIRC it's what killed LTCM during the 1998 Asian crisis (I remember that one well). If you hold the line on what you put into any one name, a few wipeouts won't matter if you score big on one or two. In my experience you can't avoid really bad trades if you want to have a chance at great returns-- you just dilute them with true diversification. My dad got burned badly on a Texas bank decades ago, so my hard limit on any initial outlay is 0.1% of net investments (most are far less; ESOP is my only exception).
I'm diamond hands on BBBY, up a bit since I bought shares Christmas Eve of 2018. They paid five quarterly dividends until Covid hit. But paper hands on MGNI, I took the early surge this morning to close out what was "Rubicon Project" a year before I bought BBBY. Normally my positions are way more red than green but lately it's the other way around, although much of my green is "only just". The widespread large jumps in the sub-pennies (I re-buy these for a few bucks after taxloss harvesting and sort positions by %return ascending to serve as a constant reminder to obey my hard limit) I've never seen before and suggests speculative fever is especially hot now. IMO if this is FOMO, it screams late-stage bubble.
