Re: Danger Ms. Robinson.
in response to
by
posted on
Aug 16, 2023 05:46PM
Not looking good at all short term unfortunately. Hoping we bounce soon, but bracing for impact ($13-$14 support). RSI hasn't been this oversold since the covid drawdown, so we really should at the very least see a technical bounce.
One thing is for sure, GM will greatly benefit from this massive sell off, if we don't see a reversal before the split when the last tranche is calculated... can't help but be a little cynical about the fact that every single peice of positive news this year was sold into.
Ah well, what can we do but wait and hope we eventually see a more fair valuation by the market. This was always a long hold for me, it may be turning into an even linger hold than I banked on.
ElithX