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Moshkelgosha
Mar 10, 2021 6:22 PM

Social media trading bubble example..! Education

AquaBounty Technologies, Inc.NASDAQ

Description

One of my favorite methods of analysis is the correlation study!
here you can see a correlation study of AQB vs BNGO. When you look at this comparison it is easier to understand. I did another on Tesla vs crisper, as well.
AQB was in the ARK investment portfolio and all over social media..! But they recently dumped it and sold most of it.
BNGO has never been in their portfolio, but if you do a quick search on social media, you will find all sorts of trading gurus who explain the rumors that Ark invest will pure money into this soon and it will be skyrocketed to moon..!
Please ask yourself: Why an automaker (Tesla) should have the very same price pattern Crisper a Genomic & Biotechnology company have???

Albert Einstein: The definition of insanity is doing the same thing over and over and expecting different results.
Comments
HsnZAS
Sorry for not being educated enough to understand your rhetorical question, I'm clearly missing the obvious here, but what do you mean by "Why an automaker ( Tesla ) should have the very same price pattern Crisper a Genomic & Biotechnology company have???" is it potential, I came here to be educated about BNGO's chart and what should I do next since I'm in the reds
Moshkelgosha
Moshkelgosha
@HsnZAS, click on related links for eduation
Nik8080
They only trimmed their position from 8.5m to 7.5m shares in aqb, which they routinely do for a lot of growth stocks
glapo
Weed stocks are the same.
Paruvan
Correlations are great. One needs to know that correlation can be both positive or negative. Therefore we should use the absolute values to determine the strength.
panickyHunter3288
Great!!!
Arashbas
👁
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