Jun. 3 at 6:18 PM
$DPRO (note my remark about Draganfly in this 'X' post excerpt):
2 pm update: a collision between 'crypto-selling again' and equities; revives our assessment of 'cross-asset liquidation' when traders hit in crypto get regular assets sold to offset the Bitcoin or crypto losses. Yesterday I saw that and rebound; suggested it as a preview but 'not yet'.
Well today we got more; related to concern Oil prices stay high longer (Iran crisis); then higher interest rates (I suspect opposite later). Just a hunch: new-era stocks are viewed very differently than AI mega-cap. So I am thinking this drop will be bought; whether today or later; not impossible rebounds sooner. Candidates include
$ONDS $UMAC $DPRO (rumors Ondas is after them out there but nothing more aside one executive shift) and yes
$UMAC who supplies motors most. As an aside, profit-taking in
$QBTS should end; so D-Wave rebounds.
Just my view and obviously backdrop tone soured for the macro picture; but I suspect that's temporary.
