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Re: nowwhat2 post# 10213

Friday, 12/03/2021 1:23:08 PM

Friday, December 03, 2021 1:23:08 PM

Post# of 10477
If it breaks the 150, which probably will do if this "redistribution of assets" continue, which I think it will, the next support at 135 you think. Seems to be what is the determining factor is the general market conditions with most stocks, and not anything to really do with any individual stock factors. Same here with LAC. The only way IMO to fill that $25 gap and below, is if the general market takes it there. Might take a month to do it though, if it goes there. The Big Boyz won't allow for that kind of instant drop I don't think, unless something comes about that they won't have a choice in the matter and lose control. Which always is a possibility I guess, but not probable I don't think. A decent correction and more of reality to what things are worth would be the SPY for example to go to 400-420 somewhere. That may seem drastic, but not really in the whole scheme of things.

“The markets can remain irrational longer than you can remain solvent.”
John Maynard Keynes

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