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larrybaz

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larrybaz

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Re: Bmrboy post# 97300

Monday, 05/09/2022 1:53:04 PM

Monday, May 09, 2022 1:53:04 PM

Post# of 115248
There was a whole lot of money-losing crap that was sold in the last few years between IPOs, SPACs, and opportunistic secondary offerings by companies whose stock prices had run up for no good reason. All that is currently being wrung out of the market, in my opinion. Unfortunately the stock prices of a lot of good companies are getting a haircut at the same time.

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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