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conix

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conix

Re: fung_derf post# 29167

Wednesday, 02/26/2020 9:11:33 PM

Wednesday, February 26, 2020 9:11:33 PM

Post# of 43764
What was the bad news from the CEO, fung derf?

If that very same letter was released BEFORE any decline, the letter would have been seen as a net positive. The letter did not cause the decline. The rapid sell off caused a panic based on an assumption--ASSUMPTION--that the price decline was because of a leaf of negative news.

The letter comes out and the editor of Seeking Alpha erroneously reports that the letter caused the decline.

And now the after hour trades show a rebound near $12--after the market has the time to digest the letter.

If the letter was negative--the price would not be rebounding.



Successful Trading is the art of minimizing long term risk and maximizing capital allocation.

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