This is precisely what one should expect when positioning for a move to the upside. First you get some carnage, especially in growth names. Then you stabilize for a day or two, then BOOM: explosion to the upside to new highs. This market has never been in jeopardy. Plenty of people just got a little spooked seeing stocks like WDAY and YELP get worked again, after witnessing the spectacle during April and May.
Having said that, I am still reluctant to ride these stocks into earnings.
It appears the CYNK saga is coming to an end, sadly enough. I was looking forward to that stock going to $100, becoming one of the most valuable companies in the world, yet not having an office or underlying business. The fact that this happened is a stain on the OTC, a place where degenerates partake in scams and gambles. The over the counter market is a mockery of human existence and it should be eradicated. If given the chance, I’d close the entire marketplace down today, tell everyone who owns OTC stocks to “fuck themselves” and then go for a steak lunch.
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“steaked” lunch, no?
correct
The OTC owners shall one day receive the sharper end of your spear.
at Keen’s?
Favourite steak house Fly?
Keens
Saturday july 26th..Ill be the tourist in with my wife and two kids devouring heavily salted meats
Fly, do you hold stocks through earnings or never?
Of course I do
Strange that RUBI is stagnating so much down here.
You swore!
Best steak in NYC – Peter Lugers
Why is corn crashing and crude gone no bid?
BALT may have bottomed. Might be worth a re-entry. Also like GM YELP PCRX SPWR VE
Why is FRO up so much and yet BALT and DRYS are down. Anyone in the know?
But where shall I purchase pot stocks? Must I focus on GWPH alone?
You will “dismiss” a person based upon what they own. Correct?
I want my own personal fuck you, please. Or need I subscribe for that?