The stock market feels like its being propped up for distribution — heavy as lead, but suspiciously unable to sell off for more than an hour or two. Shares have gotten little net boost from FAANG earnings, although it was impressive to see the broad averages shrug off the carnage in NFLX and FB shares. This was perhaps a little more shrugging than makes good sense, but DaBoyz had plenty og help from corporate buybacks and a growing influx of foreign money that evidently sees U.S. stocks as a better value than European or Asian shares. It’ll be tempting to take a few put options home over the weekend, since it looks like the party’s already over for Q2 earnings season.
‘Heavy’ Stocks Suspiciously Refuse to Sell Off
- August 2, 2018, 11:53 am
Markets and Value are in a systematic decline over the long term.
HMNY has seen a struggling stock price as shares have fallen 99.9%.
The business appears to now be showing signs of operational struggles as well.
Despite trading at an implied market cap of around $1 million, HMNY continues to be a sell based on its poor business model.
Shares continue to have 100% downside to zero.
‘someones note’……It’s a fool’s game to buy something just because one thinks that someone else will pay up for it. That’s exactly what I was doing when I bought HMNY thinking that my thesis which had poor odds of coming true would be enough to send shares higher from other investors who are willing to pay more for that lottery ticket…..
House price chart below….
http://lenkiefer.com/2018/07/31/house-price-gif/
Persons are ‘beside’ themselves as towards the short and long term price levels of ‘value’.
Have a great day Rick.