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4 minutes ago, GetFocht said:

Feels like more than a leak. 

Leaks get bigger and bigger, tech has been extremely overinflated so it’s due for a very large drop.

These newly minted SPAC’s, tech companies, pharma etc. with no revenue but enormous valuations are casino.

Some made money but lot of people will get hosed.

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1 minute ago, CBH1926 said:

Leaks get bigger and bigger, tech has been extremely overinflated so it’s due for a very large drop.

These newly minted SPAC’s, tech companies, pharma etc. with no revenue but enormous valuations are casino.

Some made money but lot of people will get hosed.

Bingo.. @Warhippy See above

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My guess.... it was CCIV.  Probably lots of folks jumped into it in the last few days, got caught with margin calls, and thus mass selling of everything else to cover.  

 

Most of my portfolio is down today, even stuff unrelated to each other.  Gold miners, Amazon, SPAC's, Apple.... 

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4 minutes ago, Warhippy said:

Good lord wtf

 

Every single price alert I'd set has triggered.  Including the unrealistic ones.

 

Everything has essentially stabilized since the opening in my portfolio but wow.

 

Did I miss something?

 

2 minutes ago, CBH1926 said:

Leaks get bigger and bigger, tech has been extremely overinflated so it’s due for a very large drop.

These newly minted SPAC’s, tech companies, pharma etc. with no revenue but enormous valuations are casino.

Some made money but lot of people will get hosed.

Sounds about right

Just now, AriGold2.0 said:

Bingo.. @Warhippy See above

Well.

 

That tracks with what Futz and I have discussed in various threads.  Meaning he spoke and I ranted about.

 

Figured there'd be another year or so though.  

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5 minutes ago, Lancaster said:

My guess.... it was CCIV.  Probably lots of folks jumped into it in the last few days, got caught with margin calls, and thus mass selling of everything else to cover.  

 

Most of my portfolio is down today, even stuff unrelated to each other.  Gold miners, Amazon, SPAC's, Apple.... 

CCIV created this whole bubble! Lol jk

Screenshot_20210223-062108_Twitter.jpg

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1 minute ago, Warhippy said:

 

Sounds about right

Well.

 

That tracks with what Futz and I have discussed in various threads.  Meaning he spoke and I ranted about.

 

Figured there'd be another year or so though.  

Bull market has been running for so long that almost any stock that we bought went up.

To make money in downturn will require more skill but anyone that got in Tesla at $900 thinking it will continue to go up is smoking some good stuff. I am not even going to talk about buying GME at $483.

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6 hours ago, skolozsy2 said:

*Was* green.  Apparently red is the new green lately.  FML!

 

Yowza, it just keeps going lower.  Any explanation to this?  Somebody about to get squeezed and they're liquidating everything else or something.  Quite a sell off going on across the board.

Lol yea another ugly day. Looks like Powell has stopped the bleeding for now.

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