This is precisely what you don’t want to see in a tape — bullish open followed by sharp turn downward. It leaves nothing to be desired, a sense of apathy that turns good men evil.
We find ourselves in the midst of a very classic October sell off, a time of year when previous market crashes were made famous. Everyone is familiar with 1987 and 1929 market meltdowns — both occurring in October. What many do not know is they occurred when markets were already in a weakened state, sort of like now. Investors gave into their inner fears and stampeded for the exits, causing a crescendo of selling that made headlines.
Now I’m not implying that could happen here; but we really cannot remain oversold forever and eventually something has to give.
In spite of the tone, I’m optimistic we’ll bounce soon and will be looking to deploy my cash shortly, praying to the Gods for a bounce.
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weed pennies have gotten absolutely obliterated. I took my first bite. LHSIF at 1. Huge presence in Florida medicinal market. Not touching any others, especially the CNBC pumped ones as impossible to truly valuate. Floor could be a lot lower.
I wonder if you even know what you’re buying? $500,000,000 market cap here