And there you go folks the sca

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moJoe
2021-03-25

And there you go folks the scare tactics of the media backed by the hedge funds..

Tech and GameStop losses have traders wondering if retail investors are losing interest in market

It was a bad day for Cathie Wood. And it was a very strange trading day. For weeks, stocks have been

Tech and GameStop losses have traders wondering if retail investors are losing interest in market

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Daveb
·2021-03-25
So right mo Joe. We stand strong. ✊???
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Is it higher rates?  Concerns about lockdowns? Or are they betting on March Madness?\"\nAnother example:  Reddit favorite GameStop wasdown all day on disappointing earningsbut collapsed going into the close, down 33%. But only 23 million shares changed hands, well short of the 30-day average of 34 million shares.\nLow volume on a big down day implies not a lot of owners interested in selling, but also not many buyers interested in purchasing, even with shares down over 30%.\nSame with another Reddit-crowd favorite:  AMC, down 15% on volume two-thirds of its average.\nIs Cathie Wood the key?\nFor the high-beta, high-growth, high-momentum crowd, watching Wood has been an obsession.  Maley says the flagship Ark Innovation fund is now set up for a key technical test.\n\n\"The closing low for ARK was $110.26 on March 8th,\" he told me.  It bounced nicely off of that, but has been trending down for the last week, Maley noted.\n\"It closed today at $114. If it drops below that $110 level, that will be very negative on a technical basis,\" with the trader noting that a \"lower low\" is usually a negative indicator.\n\"If buy on weakness doesn't work this time, that is going to worry a lot of people,\" Maley said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":800,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":66,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":3878111,"commentId":"3878111","gmtCreate":1616646525835,"gmtModify":1680781645228,"authorId":3575141057639271,"author":{"id":3575141057639271,"idStr":"3575141057639271","authorId":3575141057639271,"name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358900867,"objectIdStr":"358900867","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"So right mo Joe. We stand strong. ✊???","text":"So right mo Joe. We stand strong. ✊???","html":"So right mo Joe. We stand strong. ✊???","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}