Well, you all knew it was bound to happen at some point. Stocks don’t go from $3-$115 in a week without enduring a crash shortly thereafter.
The rout started after DCIX reversed 40% gains and started to trade lower — after people realized the earnings they reported this morning were abysmal. Then DRYS reopened for trade, after a trading halt that lasted a day, to broken cable elevator trading action — the sort of harrowing decline specifically tailored to bankrupt fools about the rocks — off by 40%. Shares immediately halted, the sector plunged in tumult, multiple stocks are now to and fro trading halts — trying to sort out the end of days scenario now playing out in the sector.
The game has ended. Thanks for playing.
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wait, what about– aw fukit……
Shiver me TIMBERS! Arrrrrrrr!!!
haha
on micro compressed time scale, this is all but a preview of what the S&P500 will ultimately look like….
How many newbie momentum traders yee think be feelin a bloody anus about now? Arrrrr…
What I’d like to know is who/what triggered the buying surge in the first place?
This weeks action is nothing short of bizzaro. Stocks just don’t magically go up 1000% out of thin air.
Ah next retardness to profit off. You cant invest in this market. You can only play the reaction to extreme. Guess why the exodus game works.