Replies to post #70332 on Iconic Brands Inc (ICNB)

[downdraft]

For some of us, these big drops are just par for the course as we make our run upward. I know where all the support levels are on many charts and I know to expect big drops along the way.

But, stocks with strong fundamentals, like sales revenue, are very resistant to long-term drops in the price. Yes, we can still get sharp drops along the way, investor-grade stocks magically bounce and will power forward again.

So, if you like to anticipate falling skies, you're better off doing it with stocks that have no revenues and only have empty promises instead. This stock can be dangerous for inexperienced flippers. Experienced flippers can do just fine.