This article may explain the drop. But it does not explain the rise today. I have not read any major news since announcement and now but market has decided to go down and then now up. But I am sure they will later come and "justify" the recovery with some new explanation. I will not bet on todays closing though. Only the big guys know... and the retailers have willingly sold their shares at a low price. I am fastening my seat belt for the long run.
This Is Why U.S. Stocks Tumbled After Fed’s Powell Signaled Only One More Rate Hike in 2023
$WINDMILL GP(01850)$ Today is Friday. In case you do not know, today is the day to clear out. Scam operators will take profits and have a big PARTY and celebration with your donations under the Full Harvest Super Moon tonight. Get ready for a big waterfall show[Grin]
$Meta Platforms, Inc.(META)$ I am struggling to understand the real catalyst for the rise. It cannot be revenue. Not sure if ppl even understand the difference between income and revenue. Share buyback is just an allocation for now. Nothing has been said about when or how much is the buyback. There is some reduction in ads spending but nothing to be excited about. So again, why the rise??
$Alibaba(BABA)$ I will struggle to comprehend my moon profits should amazon aws decides to break up its multitude components into separate entities. Seriously, is easier said than done for breaking up and I do not understand why it goes up so much suddenly. If so, other companies can do the same, no? I like to see their pricesgo up as well[Miser] [Miser]
$CH TREASURES NM(02439)$ Oops...who ignored my memo. Next time, just follow my warnings. Do not question. Because I also do not have the answers [Cool]
$KIDZTECH(06918)$ Risk is getting higher and higher here. I dare not buy above $1.60. Play at your own risk. If I spot imminent waterfall, i will try to warn.
$HSI(HSI)$ Market is nervous about California meetings? There is only one way market can go from here - UP. I do not understand who are the sellers. Whoever is selling these days cannot possibly be making profits??