Originally Posted by MTG#10:
Almost everything has tanked including stocks you've talked about. And your dumbass still had no clue Blackberry was more than a phone company. :-)
I've been to Blackberry in Waterloo with a former CEO since his cousin was one of the co-founders.
I know a hell of a lot more than you but keep on believing [Reply]
Unless we get some kind of buying or short covering or something, there is absolutely little to like on the charts right now. The only ray of hope is we could possibly be setting up a head and shoulders bottom.
But the down trend strength is really strong right now and the market internals suck!
edit: We bounced right off the 20 day Linear Regression line on both the SPYs and QQQs. Morning could be interesting..... [Reply]
Originally Posted by petegz28:
Unless we get some kind of buying or short covering or something, there is absolutely little to like on the charts right now. The only ray of hope is we could possibly be setting up a head and shoulders bottom.
But the down trend strength is really strong right now and the market internals suck!
edit: We bounced right off the 20 day Linear Regression line on both the SPYs and QQQs. Morning could be interesting.....
Yeah, the grains backed up some. I figure guys aren't wanting to be too heavy over the weekend. I thought maybe the inverse would happen in stocks. It appears not to. [Reply]
Originally Posted by Hog's Gone Fishin:
I'm wanting to know how the price could be in the mega millions ???
My hunch is that they do reverse stock splits and then people see that the stock is a buck or two and buy it because it seems cheap, and then they reverse split again and the process repeats. It looks more like a psychological trick on penny stock investors than anything else.
It looks like they just do massive stock issues frequently to get people to buy in, even though it's not creating value. It dilutes existing stock holdings and then they reverse-split back to some level of capitalization and everyone who bought stock loses most of their value through dilution: https://www.fool.com/investing/2020/...s-are-buy.aspx [Reply]
This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.
It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.
Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy. [Reply]
I hedged wheat too early. If you want to look at madness in a market look no further than the Kansas City Wheat. There is a bunch of wacky ass shit going on both on the board and locally. [Reply]
