RE:RE:Quick technical analysis of TSX,NASDAQ BIO index and SZLS"I) Need confirmation"..... seems the bearish outlook is the order of the week. I don't know how things turn around, but let's say we're in this mess until the market sentiment clears up maybe the March sting from last year is playing into this. Maybe Now "March" is the new black Friday. As in March back the prices. But with the new stimulus the economy hopefully sees that the light at the end of the tunnel. Maybe the belief that no more free money is getting people into cash. Which I don't get because if the printing stops then that cash will be subject to inflation. I'd want my money working for me gaining in some sort of stock. But what do I know. I haven't survived a full in down turn. Maybe this is a little correction. But it sure hurts the portfolio. I'm making some moves... arbitrage and wotnot, but emotion rules the day even when I'm staring at massive discounts in my watchlist. But meh, I'm playing with house money so it's a free ride from here on up! Lol Glta
MarketMoney wrote: Just keep in mind, Bio sector got 11 red days out of the last 17 trading days
SZLS got 12 red days out of the last 17 trading days
The Bio sector lost 16% ischh during that same period of time
SZLS lost 33% ischh during that same period of time
SZLS is a stock so it will fluctuate more than NASDAQ Bio index which was during that period of time 2x the index fluctuation.
EXAS got 10 red days out of the last 17 trading days. EXAS lost 21% during that period of time.
SZLS is more volatile than EXAS as volume transaction is way superior with EXAS so more easy to move SZLS up and down with less needed volume.
Hope theses numbers will help to understand that overall markets will affect each stock. When GME got mega short squeeze, the hedge funds had to liquidate long position to cover for their loss.While doing that caused some stock to go down as they were selling huge amount of good stock to obtain the must needed cash to buyback GME shares to cover. So some stock were collateral damage because of the short squeeze on GME. Voila many things to consider when doing an analysis and it's easier to understand and keep fear aside when you see what really going on and not going for the same broken record of blaming CEO for all your problems :-)