Red Cat Holdings Stock Forum

Johnny Mnemonic : looking for a pullback around 4.60, then I might get in

104757093 : still gonna go down for some reason

10baggerbamm : Friday was horrible when there are days like Friday and then call it deep seek Monday and then the Japanese currency unwinding last August unless you are in an inverse type ETF you're going down and if you're in a high beta stock and most small cap growth companies trade in a multiple to the market's movement so they could have a 1.5 or 2x beta you're going to get hit.
most charts Friday broke support they went right through 20 day they went through 250 today and ordinarily you would look at that and say it's a catastrophe because once it breaks a trend line the next leg is lower.
however history has taught us that panicking and selling into these Market micro crashes let's call them that... is the wrong thing to do because typically you get a bounce the following day or series of days most of the time it does not make up for the full amount of the loss and that's what the market also teaches this is that stocks take a stairwell up and they take the elevator down
so the one day of damage can wipe out 3 weeks worth of gains or month worth of gains... and it could take another month to 2 months to recover in some instances.
so this is why you need to be able to take advantage of opportunities and either diversified other companies on a wish list that you want to own but if they were cheaper you'd buy them well Friday gave you the chance and or dollar cost averaging into smaller cap stocks because they tend to be more volatile so you always want to keep some cash on the sidelines so that you can average down so that's the lesson of the day and by the way I got my ass handed to me like everybody else on Friday the only stock that I had trending up was well there was two I had an inverse oil ETF and I have drone shield everything else got hit

Gid : contracts with PLTR

Growing With Money : Nice