Replies to post #11297 on Ideanomics Inc (IDEX)

[happyglass]

The wider market and the flight from tech into “safe” havens are responsible for this particular turn of events. The big guys who manage other people’s money have fled from tech to gold, commodities and oil. No growth there, they just avoid losing money. We are also in tax season yet again. People sell their losers to pay the tax man and use the loss against next year’s gains. Rather crappy from a timing perspective. They sell, book the loss, and either wait 31 days to buy it back or they buy another low stock and ride the swing. Fun times :s