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S&P 500
5,464.62
(
-0.16%
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US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
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Brent Oil
84.39
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0.00%
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Bitcoin
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0.29%
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Post# of 113882
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larrybaz

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larrybaz

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Re: hweb2 post# 106646

Friday, 08/11/2023 11:20:25 AM

Friday, August 11, 2023 11:20:25 AM

Post# of 113882
My general theory on this is that there are a lot of crazy people out there. Who was selling RCMT yesterday in the 14s? I think there are a lot of people out there who can't find their butt with both hands, and they are actively trading stocks. In addition they say that 90 percent of day traders lose money. Then you have stops getting hit and automated trading algorithms. I have seen a lot of weird stuff over the years, and I firmly believe that the stock market has its own lunatic fringe that operates independently of any value metrics.

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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