Given the market nervousness, if something starts falling like a rock, there is no telling how low it can go ... in the bearish drown-draft and -ve sentiment, there is usually no point in trying to pick a bottom ... TA and charts don't mean a thing .. and mostly small companies are flushed out first and fast from the big portfolios ... sometimes even before doing much analysis, in the heat of things, as "capital preservation" becomes the sole mantra then. The last 2-days' action just prior to earnings, don't paint a good picture for post-earnings cymi action, imho. (even though general market contributed to some of this, but the -ve slope was higher than the market, and volume was not minuscule either).
regards to all,
-/Sonny. |
