MrRenev

My new favorite stock

Education
HKEX:3313   ARTGO HOLDINGS LIMITED
Anything can happen :)

Usually ponzi schemes (this is how I call hype greater fool bubbles) fall in 2 way:

1- Go up slowly fall fast (Enron I guess)
===> Retail and bad funds either want to secure the gains they waited so long for, or the weak uptrend got them in partial disbelief so they believe it can go very low and want to get out asap. They often get tricked into selling right before the uptrend resumes.

2- Go up fast fall slowly, such as in the following 2 examples:

===> The mania very rapid gains got people really excited, so they refuse to sell and so the price declines very slowly. They are persuaded the price will not get much lower and the downtrend is just temporary. This is often the most dangerous noob bait and they end up holding bags for a very long time.

It is not always the case, and also the timeframe is not always the same, like it could have gone up slowly on the weekly and fast on the daily and the dialy bubble pops but weekly is not in a bubble, etc.
It's a general idea thing. It is an intuition thing can't really define it you either get it or you don't.

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