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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,252.54
(
0.26%
)
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larrybaz

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larrybaz

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Re: larrybaz post# 103684

Wednesday, 03/08/2023 12:01:53 AM

Wednesday, March 08, 2023 12:01:53 AM

Post# of 113880
SUP ($6.23 -.98) Got a horsewhipping today. I was surprised to see it come crashing down this far. I bought more as low as $6.25 late in the day. I noticed this afternoon that a bullish SA article was published this morning. It did wonders for the stock!

Momentum can sure be a powerful force. Sometimes I think these technical traders are beating each other over the head with their stock charts and exacerbating the momentum while having no clue as to the fundamentals of some of these companies.

Here's the link to the SA article:

https://seekingalpha.com/article/4585203-superior-industries-sup-3-reasons-to-be-optimistic#comments

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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