RE:Close to the low
Nope not close to low. Many said a great buy at 1.00, at 0.80, at 0.70, at 0.60, at 0.50. ALL that did are underwater and will be for the foreseeable future. If you a hopeful person you will be disappointed. If you had the foresight, whether by pure luck or competent knowledge, to short this stock (and perhaps many others) bravo to you. Broader market will continue to go lower from here. The Ponzi is beginning to collapse. The Bear market is upon us and will last several years. Not even the next round(s) of QE will save the system. China is the one leaning card barely holding up the house. It will slip eventually. Only reason stock markets have risen is over the past few years is stock buy backs with Central Bank printed money borrowed on the cheap. Retail sector is about to fold if it hasnt done so already (many are in distress). We just dont get the data until its too late. Insiders have the knowledge and they are and have been selling for months. If you are buying something hoping it will go up relatively soon you are a fool. Suspect a majority of day trader addicts have not been able to make any money lately. I would not at all be surprised to see S go well into the 30s before year end and into the 20s within 12 months as the price of Ni has not bottomed, nor will it for quite some time. In fact Ni (and other commodities) will hit new all-time lows in the next 24 months. They cant possibly go higher since we are heading into another financial crisis actually its the same crisis as the last one that was papered with nothing actually rectified. Many other stocks will go much lower, to levels you could not imagine would be possible. If people are being laid off, going bankrupt, and generally have much less disposable income they are not going to be buying EVs (which will still be relatively expensive initially). Therefore Ni demand will not be what is being projected. Many companies will have to restructure before commodity prices recover. The only truth is governments and the MSM lie (or hide the truth). If you are addicted to stock trading get some professional mental help, preferably before you lose a good portion of your capital.