Exactly. He has 1.2m left, that's 1, 280,000 he had before the sale. Quick guesstimate it's like 6% of his holdings?
You would think so wouldn't you! Fed decides not to taper, even my lousy gold shares are up, and ARNA is the only one still down. I'm running out of patience. Whatever the potential future might be, we're mired here for a while.
Read my post again mate. I'm asking about the difference in percentage drops. I'm ok with dips I can buy; but I'm interested when there is a large difference.
What the helle is causing SAND to drop so much compared to the other streaming companies? Any thoughts?
I'd sure like to trust you since I'm in deep and stupidly added too late to my position. Could you give some hint as to sources of info?
With DDD if you recall there were a few days when it went down on news it seemed like there was definitely some tree shaking going on. In fact I got a bit less worried when prices plunged low intraday as I knew it'd always come back up. I'm not as familar with YY so I do have some trepidation.
Of course the real worry is always, did something happen behind the scenes that we haven't yet found out about, and insiders and diving overboard. We'll just have to see.
Depending on how large a position you have, you might want to consider lightening up a bit if things look like they're doing to cost you a loss at $36.85 or whatever your average is. That's one thing I've learnt to do, but of course this works if you have a larger position. The multiplier effect works both ways unfortunately, on up days AND down days. Good luck!
I think you might be right and this is a tree shake. However it is a bit frustrating since there's no telling how many stops get triggered. It could go up tomorrow, or it could go down in the next few days providing a better entry. Really hard to tell. I'm reminded of similar situation especially with DDD last year.
Sy1232 I'm interested in your take. What are your thoughts about that article and the claims of where most of the revenue comes from?
My reaction exactly. However I think it was
1. The speculators buying up to earnings taking profits and
2. That very sweetly timed short piece by SA that spooked investors.
This still sucks though. I wasn't looking for it to hold onto the premarket gains of 14%+ and was aiming for just a +5% finish. I never expected it to actually take a loss.
Today's economic readings aren't as exciting as yesterday's, as a backdrop. It WAS very disappointing though, considering the huge leap at market open. Now I think we'd be lucky to maintain a 5% gain by market close.