posted by mark
on Thu, 05/12/2022 - 11:08
A lot of quality companies are dropping in price today. On the other hand, I'm seeing a lot of "no earnings" companies rise.
The DOW is down (quality companies) and the NASDAQ is flying high.
It tells me that seasoned investors are liquidating even quality companies while the small, new and unseasoned companies are being bought up.
Just because a company is down in price doesn't mean it is a good deal. I suspect many unseasoned "investors" are buying unseasoned companies that are down. Good luck!
Be smart, be well-read, be aware and be successful.
