I was watching it all happen yesterday and after the trading day, the value just kept going up and it largely stayed at the exact speculative number this morning/ continues to go up. Part of me wanted to sell near the end of today's trading day if I was even 20 or 30 bucks up and then just watch it all again tomorrow. Definitely treating it like a really expensive scratch ticket for the holidays so no harm no foul if I come out with half my money.
Thanks for the info!
I'll add a bit more color if you want: last time the "pump" happened over 4 days. Got cut short for other reasons but you could assume that even if it keeps going up at absurd levels there will be profit taking from the less greedy folks. You're on day 2 now which is when the general audience who isn't on Reddit/twitter/discord is (and was) learning about it via slower media channels.
So if I was to predict the future with my magic 8-ballsack I wouldn't be shocked if they let it go up tomorrow when everyone comes in with big hopes to ride the "rocket back to the moon" (hoping they're not late to the party) and then crush it Friday to avoid paying all the call options expiring this week. It'll be entertaining to watch whichever way it goes. Hopefully doesn't end as grimly as last time but it's inevitable whenever you're into gambling territory, which it now is.
But yes the best advice for everyone is please don't put rent money on this. So your approach is the right one.
Edit once more since I just took a Quick Look: every spike since 2022 has also been 3-5 days long before dying out.