Blaine, Blaine, watch your blood pressure, may be it is time for a second honeymoon on some island in the southseas with no phones, TV or internet access.
Seriously, at the moment, the market is responsible for 100% of the risk. I, like most tech investors except the shorts, am down significantly this year and not at all happy. However, I reviewed my portfolio and find bargains galore, XICO included. This is almost a dart board period where any "stupid" investor who buys now will be royally rewarded in the future. In the mean time, no stock has the power to unilaterally reverse the market sentiments.
Blaine, you seem to have access to a lot of real time information, I wonder if you have a feel of the volume of margin calls. As I write, OTC is down another 28 points. Investors that bought on margin got to be disconnecting their phones now or go into hiding from their brokers. This is the absolute reverse of a short squeeze. These involuntarily sellers are going to put downward pressure until they have been all cleaned out. In addition, the mutual funds are doing the same thing. With no buyers around, how is the market going to stay up?
At the moment, OTC has corrected more than Black Monday back in 1987. What true investors have lost is time. The market will come back. Wall Street wins again. They squeezed the small investors into buying high and selling low. Adding insult to injury, they get a nice commission both ways.
Smart money/dumb money, history is repeating itself here.
Ramsey - sorry to all who may be recipients of margin calls. |
