InvestorsHub Logo

Moneypleasee

03/30/21 11:41 AM

#5709 RE: Apophis #5708

I don't necessarily disagree with that statement but correlating this stock to the broader market is not so clear cut. I am undecided where I stand but lean more towards them not being SIGNIFICANTLY correlated.

Even if they are correlated and you assume it is down because of that, no excitement from that news? Point I am making and have been trying to make is that the underlying business is not the driver of share price here.

Moneypleasee

03/30/21 11:46 AM

#5710 RE: Apophis #5708

Also it is doubtful that this is already being priced in as it is still a ways out from being written into law. More likely they are down just because of rising bond yields. Many of these red days are and will continue to be a result of this.

To your point though, tech is suffering the brunt of this so could be partially from broader market.

Jimmy Joe

03/30/21 12:31 PM

#5711 RE: Apophis #5708

Is that why the market is down? Taxes? Not SLR expiration?
Hhhmmmmm........

Good buy opportunity here... but I'll wait to see if it becomes better.

Moneypleasee

03/31/21 4:07 PM

#5729 RE: Apophis #5708

Market was up today mainly due to tech shares... Maybe only NLST investors are thinking about taxes?