The stock market relies on Chaos theory. Ie if poeple all have different opinions about a share, there is an equilibrium and the price finds a level. What has happened with AGS is Chaos theory gave way to herd behaviour (no offence to -I am a holder). Everyone started to think the same way. They thought this was a wonder stock that was going to go up forever. This behaviour goes against the norm and causes a situation similar to a stampede in a herd of cattle. Something spooks the herd and because they are all thinking the same way, they are all capable of switching in unison and thinking in the opposite way-hence the stampede or sharp fall in share price. Once people reach an equilibrium again where some think the price will go up and some think it will go down, the price will stabalize. I believe this will happen soon-reduced volume is a good indicator.
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
