hockeythug
Active Member
Have to admit, the thought about selling came up but reminded myself that this is an overreaction or capitulation. The first five minutes was painful to watch, seeing almost -10% down for a lot of stocks with TSLA and SCTY around -13% each, and an hour later we already bounced back significantly (TSLA now -2%, SCTY +7%).
I heard on the radio that some circuit breakers were triggered to slow down the selling pressure. Anyone can confirm this? Or is this a case of smart money moving in to pick up the pieces?
Rule 48 or whatever was invoked.