RE:Cove StreetValueCat wrote: looks like they have cut their stake below 5% per 13G/A
So ValueCat what exactly is your point? Show me a stock, any stock from a microcap up to and including bluechip dividend payors that have not had a shave and in some cases a good haircut in the past 12 to 24 month's.
There have been many articles and commentary by the so called experts saying that just about everything is being sold off. Institutional house's and fund managers have been selling for quite sometime already, I don't think anything is safe these days.
Many stocks have new 52 week lows, followed by slight upticks and then again new 52 week lower lows. These are brutal times, retail investors have also dissapeared, I have never seen such pathetic trading volume on so many different stocks. Those that have chosen not to sell, are trying to ride out this storm, probably going grayer by the day.
The experts say this to shall pass, but holly christ man when? Common sense and past expierence tells me we are heading for global recession. We have not learned from the past on how to do things differently and here we are again walking the same plank with worse conditions.
The policy makers give no certain direction because they can't, they don't really seem to know either. I used the word storm in this post, it is most likely a hurricaine which better discribes these global events kicking all our azzzes. Once again ask yourself the million dollar questions, when will there be peace? how do we get inflation under control and at what cost to the average and low income earners? Because you know damm well the rich don't care. When will the supply chain for goods and services return to normal? To help bring these stupid high prices down.
I guess in comparrison the stock market is low on the totem pole and so it should be, those who are invested now must have the patience it takes to watch paint dry in my opinion. Look for institutional houses to start buying again and I am not refering to just certain names in certain spaces. Will that happen? Most likely, it always does, but when, when, when? Later this year? 2023?