$CityDev (C09.SG)$ Yesterday share price dropped a lot is du...
Yesterday share price dropped a lot is due to big short sell volume around 2 million shares. Let the short sellers lose their shorts when the price rebounds😈
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Deep Sea OP : No US recession fears as of now. Stocks will rebound.
KB trader Deep Sea OP : Quite contradictory, economy good, subdue rate cut expectations
moumou silama Deep Sea OP : reading your comments always feel comforting. even if rate cut not happening soon, it boost mental strength to hold on to quality stocks, for the long run victory. anyway I'm trading with idle cash, not a worry![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Deep Sea OP moumou silama :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Deep Sea OP KB trader : Unemployment rate for July already shot up 4.3%. It shows economy is slowing down. Retrenchments are going up due to corporate restructuring with the use of AI. By December, unemployment rate will likely hit 5% or more. I predict next year 2025, there will be a recession in USA. 11 rate hikes to 5.5% will definitely hit the SME companies hard. They are the main ones who provide jobs to the people. I believe they feel the high interest rate impact which affects their earnings.
Casper_5740 : Let's put aside the topic of interest rate cuts. Every year after dividends are paid out in stocks this month, they run out of stock, so be careful when trading!