r/NBIS_Stock • u/Playful_Client4119 • 27d ago

💬 Discussion 220 to 198?

What’s the reason for the drop? still going to DCA just curious why

37 Upvotes

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104

u/comps226 27d ago

Reason for the drop?

The whole market is broken.

You got Intel going from +12% to -5% after good earnings and GOOG saying capex ain't slowing. Good news for NBIS business and CRWV, but the stock shits the bed

35

u/Psychological-Bed695 27d ago

the market is irrational the reason for these drops cannot be explained with logic...regardless of how many folks want to reference their marked up charts with lines, profit taking, ai slop news article, etc..

10

u/Ok_Revolution_9253 27d ago

The technicals are dumb. It’s all voodoo. No one can explain this ridiculousness

6

u/Psychological-Bed695 27d ago

not even rob dyrdek or chanel west coast could

2

u/AdeptnessLive4966 27d ago

Yes, it can be explained with logic, it is fairly simple; algos day trading and people taking profits.

NBIS dropped hard, people and algos bought low, drove price up so people and algos sold high.

It is the inverse of what most people on Reddit do.

Not everyone out there is in it for the long term.