NoName, I actually agree with you. Today one needs to step back and say hmmmmm.....Rough day for me since I am heavily into techs. I'm stepping way back.
But,think about the MM (I'm not saying it's a conspiracy, but, there are opportunities for them to make money, today is a prime example) they can accumulate for their own account ---using MSFT as an example--- at 132 3/8.
Then, oohhh, tommorrow, the next day...next week, they can sell the same shares for......134++++. Profit making manuever. Nothing wrong with this. It is legal. Lets not forget that the last quarter sell off of MSFT was down to around 112. Well. Someone could be looking back and saying I knew the company, it was/is doing WELL. But, it was going down!
IOMG is not immune to this. The fearful (they could be right too) sell into the selling. It is really difficult not to do it. IOMG had two strikes against it today. (New technology/Tech Slide).
Copernicus and Galileo----heavy stuff.
Does any have an asprin?!? Don't know about anyone else here, but, I can't handle any more good news!!!
Glad this day is almost over....
Linda |