We are witnessing the 4th wipe out of the FASP. Most of these are sitting on -20% to -50% declines. The initial target for everything is the Nov 2nd closing price. That is when the euphoria went into warp speed. "BRRR, bro" "Needs a catalyst, bro" pic.twitter.com/Ac1A3fKw9O
— Dr. Jin SEO (@JTSEO9) March 8, 2021
Despite the recent pullback in stocks, there still isn't much insider buying.
Past market bottoms saw a higher Corporate Insider Buy/Sell ratio.
More room for stocks to fall before a bottom? pic.twitter.com/4vwkil8lXr
— Troy Bombardia (@bullmarketsco) March 8, 2021
— Mr Foxnose (@asymmetricalpha) March 8, 2021
Just to put things into perspective: Nasdaq now in correction territory as Tech index has dropped 10.5% from ATH in February. pic.twitter.com/qDknsr8djI
— Holger Zschaepitz (@Schuldensuehner) March 8, 2021