Has anyone given any serious thought as to what may have been the trigger for Fridays dump? Think about the very inflationary CPI numbers. Everyone here is looking for the next bounce, while ignoring the crumbling foundation of what makes an overextended bull market.
Another thing to watch for on 4 May is the labor dept. report on nonfarm productivity. If it is a bad number, which I have a hunch it will be, look for another hit to the markets. It could throw high tech into the dumpster..big time. The big money players will take this report very seriously. Actually, I get the feeling they already expect a rotten number, and have been in sell mode for the past few weeks, slowly, and the CPI number Friday was the final trigger. Just a hunch..
Also, regarding LPTHA, I had that for a good run, mainly the LPTHZ's, along with POCI, another related stock and all 3 had an amazing return for me. I have not followed either much since I sold them, but I have read recently that out of all the installed fiber out in the world, only 5% of it is lighted, (in actual use) so how can this be good for these stocks?
You are correct Auric, equity ain't free, ((anymore))... |
