my thoughts are that Microsoft outage caused the downturn in the AI bubble as the big players and media were looking for any excuse to short.
no stocks can survive the big 7 falling so much and that’s what has happened across the board this week. Wa1 usually does its own thing and goes down on green asx days and up on the red. Lately it has being going pretty much red on both good and bad asx days. Yesterday was a dead cat bounce for the Magnificent 7 in USA and we did not recover but most of the other asx stocks did
ideally we need a new broker target to come out to stop downside momentum. Paul had definitely halted news flow from once a month. It would be nice to hear something but all we can do is back Australia’s new niobium valley and the fact wa1 can’t go broke at this stage like a large number of mining companies struggling to raise capital.
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