IndexGuy wrote: I laugh to myself at the idea tha
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Posted On: 01/28/2021 10:16:26 AM
IndexGuy wrote:
I laugh to myself at the idea that the price of the stock will "go to new heights" because the chart is pointing that way. Charts may or may not have value to day traders and flippers with their green visors looking for candles and tea cups, but if CYDY is in double digits next month, it is 100% because of our trial results and nothing else. Same to the downside. It's not something that shows itself on a chart, it's hard data in the long run.
Response:
I agree, especially in a very volatile market like today. Fundamentals are also playing a smaller roll in many stock movements, not so much for Blue Chip stocks. Momentum is the now emphasized concept. And momentum can now be generated with the likes of redditbet, longs now coordinating "group purchases" to I think "illegally" drive the price up. Shorts don't like that of course, although they've been doing it for years. (youtube: Twist Cytodyn)
Shorts may be so damaged by this movement, having to sell other equities to cover shorting, that this could massively effect the stock market overall. "Discord" = another site where longs group together in various "subgroups" to buy and drive up share price. Investors starting these sites and creatively now, using the internet, have opened up a novel type movement for investors. I'll say any huge move that alters a huge system in a big way "quickly" usually has negative ramifications.
Another example would be to "suddenly" remove all the corrupt folks in Congress. You've gotta be careful when you pull large amounts of weeds out your garden, if you just attack and whip them all out, you will damage the roots of many of your nice flowers and plants/
I laugh to myself at the idea that the price of the stock will "go to new heights" because the chart is pointing that way. Charts may or may not have value to day traders and flippers with their green visors looking for candles and tea cups, but if CYDY is in double digits next month, it is 100% because of our trial results and nothing else. Same to the downside. It's not something that shows itself on a chart, it's hard data in the long run.
Response:
I agree, especially in a very volatile market like today. Fundamentals are also playing a smaller roll in many stock movements, not so much for Blue Chip stocks. Momentum is the now emphasized concept. And momentum can now be generated with the likes of redditbet, longs now coordinating "group purchases" to I think "illegally" drive the price up. Shorts don't like that of course, although they've been doing it for years. (youtube: Twist Cytodyn)
Shorts may be so damaged by this movement, having to sell other equities to cover shorting, that this could massively effect the stock market overall. "Discord" = another site where longs group together in various "subgroups" to buy and drive up share price. Investors starting these sites and creatively now, using the internet, have opened up a novel type movement for investors. I'll say any huge move that alters a huge system in a big way "quickly" usually has negative ramifications.
Another example would be to "suddenly" remove all the corrupt folks in Congress. You've gotta be careful when you pull large amounts of weeds out your garden, if you just attack and whip them all out, you will damage the roots of many of your nice flowers and plants/
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