Today I was thinking about whether to chase the high on Circle. Looking back at the history:

Example 1: Amazon 2000-2001 (the most classic case)
Amazon's stock price fell from a peak of $106 in December 1999 to $6 in October 2001, a decline of -94%. During the same period, its revenue continued to grow: $1.64B in 1999 → $2.76B in 2000 → $3.12B in 2001, increasing every year. Losses were also narrowing.