The broad market is primarily driven by earnings, the fundamentals. Even then stocks swing based on technical timing. As always though, you have the fear and greed factors, that drive prices to the extremes. When the smoke clears, smart money picks through the pile and buy companies with strong earnings and growth at sale prices. Short term trading is a bit different. I see GMGI as an investment, longer term, with larger returns.
Also a lot of computer driven trades are on big blocks and index funds. Computers still have not learned to "read" the headlines very well. This triggers big automated trading, which scares the public, so they join with fear driven selling. Since we already were due for a correction, the Virus scare easily fuels it.
There are REAL fundamental concerns, many companies are tied to China for goods they rely on. This will effect their earnings. The penny market is not so different, although less predictable due to inexperienced investors and startup companies.
Actually, GMGI will benefit from the Virus, some other companies will too, like in the drug business or even mask business will.
Many pennies don't have real earnings and growth like GMGI. Golden Matrix has the real makings of a company that can succeed. That is quite rare. Casino style gamblers have no where else to turn, specially in Asia. Except to GMGI Online Casino Gambling. So profits will go up, and deals will come easier, IMO.
Yup, I am still a shareholder - Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees, but there are rare opportunities like (GMGI) Golden Matrix Group.
