It's not just these 3 companies actually, I noticed those who have reached new highs recently have pulled back substantially of late.
When the share prices kept going higher, it pulled in many buyers, many of whom are "weak holders", cos they were merely attracted by the rapid advancement of the share price, and would otherwise not be interested or understand the companies involved.
It is this same set of weak holders who are selling out and cutting losses.
Some may be unfairly sold down, for others, it was unfairly bought up to begin with.
It's not just these 3 companies actually, I noticed those who have reached new highs recently have pulled back substantially of late.
When the share prices kept going higher, it pulled in many buyers, many of whom are "weak holders", cos they were merely attracted by the rapid advancement of the share price, and would otherwise not be interested or understand the companies involved.
It is this same set of weak holders who are selling out and cutting losses.
Some may be unfairly sold down, for others, it was unfairly bought up to begin with.
Reply to @ThumbTackInvestor : I am happy to buy good companies at cheap.
cdg seems the target of shortist recently, poor thing even thought taxi is not its major revenue.
Reply to @bobsg01 : Yup. see so many negative comments on its taxi component and keep on thinking on why they are not looking at the big picture.
like quite bad. testing your resolve.