RE:Main Reason for Today's SelloffSteady77 wrote: While the general market conditions and anything to do with tech is taking a beating these days, the main reason for the selloff today is New Flyer's earnings release this morning and their negative outlook for transit buses. BUS-X was also hit hard today.
This doesn't automatically mean a major negative impact on GSI. They have a diversified business model now and I believe they will continue to perform well.
I added in the low 90s today.
I might also add that micro caps have been getting hammered. When stocks are in an uptrend, the small players have historically outperformed the large cap companies. However, the opposite is true in a downtrend.
By the way, the tsx venture composite index was down 6.62%