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JFL : Hahahah
10baggerbamm OP JFL : what I said this morning holds true you've got primarily 10 large holdings in this basket ( there's more just less then one percent) most of the top 10 have been taken out behind the barn and beaten to death, micron most recently. AMD has been this bloodbath, this constant death by A thousand cuts. it's the second largest holding in this basket it's down over constantly from March of this year. I just hope you get the dogs of the Dow mentality with tech stocks people that are contrarians by the laggers that were the losers in hopes that there's a rebound maybe in fundamentals but if nothing less than when institutions rebalance their portfolios where they had no position in it they're going to buy a little bit and the cumulative effect of everybody buying a little bit can lead to significantly higher stock prices.
TheOracleOfBroMaha :
JFL 10baggerbamm OP : What’s your target to take some profit ?
10baggerbamm OP JFL : 29 is a level of resistance and this is not an exact science because it can go a little above it or stay a little beneath it but everybody sees it and literally when it crossed 29 the algorithmic sell program kicked in and brought it down about 50 cents very quickly.
the balance of this week is not a lot tomorrow to 1:00 close Wednesday the market shut down Thursday volumes like Friday the volume is light
it's very very easy to manipulate individual companies or baskets of companies when you don't have retail buyers.
and it's easier to knock something down than it is to bit it up it's easier to collude with market makers and say look I'm going to be hitting bids shorting the stock I don't want you getting hurt walk away just pull your bids away from the market.
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