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smoothshoe : $85 to $90 range?
10baggerbamm OP smoothshoe : I have my first order to buy it at $90.01
and then I'll buy if it dips again. it may not get there I mean it's sitting right on the moving average I know you see it but it got hit so hard today out of nowhere
so I don't know if these are margin calls being triggered institutions are caught in bad trades and they have to unwind good trades I don't know if this is momentum stocks unwinding like we've seen in the past several days or combination but it came down very very quick and I don't want to bet that this moving average is going to hold
ASteffie : What are we thinking? The analysts are all up on it still.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
10baggerbamm OP ASteffie : analyst stink, you have to understand most analysts to have an investment banking relationship with the underlying company. they either were the lead syndicate or part of a syndicate selling group for offerings for debt bonds that type of thing at some point along the way. so they're always going to be the champion cheerleaders of the company even when things go south very quickly they're still going to be pounding the table everything is great.
at some point in time because of this impending crash which could be tomorrow the analysts are going to all have to revise stock prices down because they get credit they get bonuses from how much a stock moves from when they change their opinion so if you have a buy or a market out perform you need to downgrade to a market perform to a Sell before you can go back up to a buy.
that's typically why you see analyst 180° backwards they're always late to the upgrade they're always late to the downgrade they just they stink as a whole because they have this allegiance to support the underlying company that they have profiteered from as a result of their banking relationships.
ASteffie 10baggerbamm OP : tomorrow is black Monday so I'm just gonna watch. There's a few strong fundamental stock I'm still looking to buy the dip. This gonna be ugly.
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