New share increases supply...when a company issues tons of shares...there are still many buyers but the issuing company is going to continue to drop their ask to continue selling large sums of shares.
the market was selling off all week, and we had a massive cyberattack yesterday which the bears took advantage of. add that to the uncertainty created by the CEO shakeup and there you go. next week should see a recovery, but the momentum may be done for a while. I hope not, because I’m long.
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