Tech stocks are up but this looser ends the day at a loss. And no one is surprised.
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Took a beating today
DM and his CC pals he has brought in will continue making their seven figure salaries while trying to hang on for as long as they can before PD runs in a new bunch of over paid clowns and sends DM off into the sunset on a golden parachute and a bag full of money. The last looser was promoted to executive chairman, I wonder what grand title DM will leave with?
Like most media, much of financial news is now generated automatically by algorithms and bots. Because Altice is a tech company it gets scooped up with other tech companies and reported on as part of that group but that’s where the similarities end. Altice is in a world of its own and really can’t be compared with other healthy tech companies. It’s fallen so far that it’s outside of the mainstream of tech securities. IMHO, it just sits waiting to be sold off in pieces as things continue to deteriorate.
Til housing breaks loose we will stay stagnant
Downgraded and interest rates are holding. More and more cracks showing. It's about to break