by Anura Guruge
on September 27, 2022
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This UP first thing in the morning & THEN rapidly falling soon after to end the day negative has been happening consistently for the last few weeks.
Newbie, amateur investors fall for it each & every time it happens. They think, naively, that the market is turning & that they better jump in before the stock goes up too much. They get fooled each time.
No question, BIG high-tech stocks like AMZN, GOOG, AAPL, NVDA have been beaten down tremendously. Compared to what they were, even 6 months ago, they are dirt cheap. So, this is NOT a bad time to start picking up some of these. The problem is we are not even close to a market bottom yet! That is the crux. We still have some ways to go down yet!
