FOMO is "Fear of Missing Out". It's a relatively new phenomenon with a lot of science behind it. Actually, truth is, it has been around for a long time, but they only came up with a little catch phrase for it within the past few years.
There's a lot of science behind FOMO. Not just with trading stocks, but with people making decisions in general. A lot of decisions are made by people today because they fear they are missing out on something. In fact, a lot of decisions in general are made from a place of fear. Fear of lots of things. But fear of missing out seems to dominate a lot of thinking and decisions, especially in the millennial generation.
So when I've referenced "FOMO buying" with this stock, I'm talking about that mentality where people stumble on this stock without really even having done any research, but they fear they're missing out on something amazing, so they just hit the buy button anyway. Or maybe they've even done the research, and they see the stock start to inch upwards to .05, so they jump in out of fear the stock is going to .50, and they don't wanna miss out. We haven't seen this kind of buying yet, but it's coming.
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