If you were holding QUBT, QBTS, QSI any prior to yesterdays drop in the US, $200 stops wouldn't have worked. From close 17.56 to 12.73 first trade was a 27.5% drop. That first poor sucker who bought what he thought it was a bargain at 12.73 lost 22% by close of trade at 9.91.
It was the same story for the other two stocks. $200 stops worthless.
So if you were holding all 3 prior to yesterdays trading then your would have for more than just severe bruises.
How orchestrated was the fact that all 3 of them plunged like crazy on the same day. Even the surges were staggered by just a matter of days.
Follow the money can work on the way up if you know how high their target is, but your not following their money downwards because they have bailed out.
I didn't sit back and post analyse I made a call of where I thought QUBT was going days ago and got it right..
Somewhere there are some traders saying "well that worked well for quantum computing, what's the next group we are going to take for a profit taking ride"
"wait a minute what about small startup AI companies?" "No, to close to quantum computing, the suckers may be wary", "Maybe, something to do with space or defence or medical related to cancer solutions. lets get the search engines working for small startup potential targets."
Part of the problem is when they start again on another group of stock they may decide to limit the push upwards but only to the 8 multiplier.
"Can't be too obvious about where we are going to bail out"
A cynical Lies.
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