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24/03/19
19:32
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Originally posted by taimoor164:
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But this is not specific to any stock. What's the point of predicting 30% fall for one stock if Dow was down only around 2%? Stocks rise and fall more due to their microeconomics factor than macroeconomics indicators. Otherwise why SPT did go up from 20c to 2$ very quickly? Did Dow also went up 10 times during that period? If this is the argument then I must say it's very naive one. If there are good reasons to believe that company is not finding traction in the right direction then I would love to hear that. As I said, I was happy to take 10% profit in a day so won't complain if people panic and sell it down to 80c. That's where money will be made. All in my opinion and counter arguments are welcome.
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exactly. When it was rebouncing last week, downrampers disappeared. However whenever an uncertainty is in front, they will jump out of darkness to pour water. That is the nature of downrampers. Same happens to other stocks like RHT THC BIT etc