Trust me on this one: AB1 and any other stock that has been pumped up on hype (and little else) will be punished severely by the market during a time of major correction.
Along with the decrease in appetite for speculative plays, there’s just not enough evidence to justify bouyant positive sentiment. At least with mining stocks you can point to hard assets to give you hope. AB1..? Their biggest play - CryptoKitties - just picked up an aggressive competitor in search colossus Baidu today.
Game. Changed. No hard assets. No hats. No trucks. No shovels. No... hope..?
That’s not a personal dig at you or your trading strategy, but there are certain types of companies I really would not to want to be holding at this time...
