Those sold down in Nasdaqe last 2 days were mainly big with extreme high PE and jumped a lot in 2015, and the triggers are their real earning not met market expectation, simple, you got super high PE, (as far as I know, Amozon got a PE of 70, so you should generate enough real earning accordingly, however, when hype not met by reality, those who already booked profits start to took money from table and followed by fear of being caught up so sell and sell....
But, for many Tech which has low PE , they experienced small drop of Sp according to Russell 2000.....
As for VPC, it might struggle to stand out from the world sold down, but, it might jump up hard when people are aware it is not that bad as they perceived, they will fight to back in.....
Sky not fall and VPC is in a better condition than many Tech and mining spec......ISX is a really good example of high PE/MC with no real earning to back up......
Money favor brave, but only the right stock......
VPC Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
