Post by
tamaracktop on Jan 12, 2022 1:07pm
Lifeless Market
Don't even bother being distracted by the Dow and the Nasdaq, they're indices that are overweighted in big-caps, equities that are lifeboats in turbulent times.
They are misleading in terms of providing a true picture of the market.
The penultimate go-to index for small-caps in the United States is the Russell 2000.
The Russell 2000 is down 6.6% since May 6th, 8 months ago.
Some might find this surprising.
Xebec has fared worse than the index since that date, but most microcap names familiar to this board have suffered similarly.
Since May 6th:
Greenlane is down 22%
Pyrogenesis is down 39%
Burcon is down 65%
and Cielo is down 68%
Xebec is down 47%
Certainly, it's boring and incredibly tedious watching the stock flounder around at these depressed levels, but no amount of wishing and hoping is going to suddenly resuscitate it.
You'd best accept that, and not bother wasting time here watching this daily,
It will revive in due time.
Just make sure you still own it when it does.
For now, patience is the order of the day.
Patience is actually very easy when you really think about it.
Just don't think about it.
Comment by
whognu1 on Jan 12, 2022 1:57pm
https://realinvestmentadvice.com/passive-etfs-are-hiding-the-bear-market/ very good read
Comment by
Zebec2021 on Jan 12, 2022 2:39pm
weird pick for a pic old man lol!!!
Comment by
filoux004 on Jan 12, 2022 2:46pm
Weird pick 12$ special dividend plus stock back and two more divisions to monetize sum of the parts could be 35$ signed an old man that's likes to generate returns on his capital