tech stocks down today I am not sure if any of you noticed that the market as a whole is choppy, and that the bulk of the tech stocks were down. Investor sentiment, fear and lack of understanding all contributed to today's downturn.
Really though, I get a kick out of those who read TA on penny stocks.Speak to any analyst, he will tell you that TA is never applied to a stock south of $2. So it makes me laugh when you get the armchair analysts predicting $2 or .10c. Good candles, and bad candles, I sold high and am buying in lower. The rumours, the stories, the what if's.
Why do I laugh ? because lets face fact here, we don't really know whats coming and where its going. Anyone who says otherwise, is a dreamer.
Personally, I have never ever seen a stock trade its complete float 3 times in a week. That "IS" unheard of. So lets just relax and see what the remaining week brings.