Replies to post #2250 on Coinbase Global Inc (COIN)

[JohnCM]

$250 was a reasonable IPO indicator.

A little "hype", "pump" and "froth" sent it to $429.54.

Currently in "oversold" condition.

We recently dabbled in the RSI(14) 40 range. Need to get to medium, 50.
Still "oversold" in the 30's.

The China news and BTC bottoming at $32,000 will soon pass. When it does, $220.00 as a buy will look smart. IMO

[Benwahsauce]

Yeah………

Now I’ll wait for $75-50 before taking a position……

Been doing this too long to fall for the IPO scam.

I guess people truly didn’t realize there are people that invested 3-5 years prior and waited for years to have this company go public just to get their money back.

It’s the reason they have a small pump right as it trades, or a month or 2 after just to create liquidity for the big sellers to exit.
I’m a firm believer that investment banks prop the bid to fool retail.