交易员正纷纷抛售 Alphabet，试图保住这只陷入困境的科技风向标股票中尚存的任何利润，Steve Grasso 解释道。（完整解读请见上方 Steve 的视频。）Grasso 是 Grasso Global 的首席执行官，在纽约证券交易所交易了三十年，他表示，Alphabet 的移动平均线本周汇聚，随后在周三晚间发布了疲软的财报。
Traders are rushing for the exits on Alphabet to try to preserve any profit they have left in the struggling technology bellwether, explains Steve Grasso . (See Steve's video above for the full explanation.) Grasso, CEO of Grasso Global who spent three decades trading from the New York Stock Exchange, said that Alphabet's moving averages converged this week heading into Wednesday night's poor earnings report .
“如果你看图表，所有这些移动平均线都堆叠在一起，”Grasso 说。”这说明什么？说明这只股票一年来毫无作为，且每个人的持仓成本都相同。“持仓成本是指交易员买入股票的平均价格。图表分析师常用移动平均线来衡量大量投资者买入股票的各个关键价位。”所以大家都想在同一价位离场，而这个价位就是现在，”他补充道。
"If you look at the chart, all these moving averages are stacked on top of each other," said Grasso. "What does that tell you? It tells you that the stock has done nothing for a year, and everyone has the same cost basis." Cost basis is the average price a trader paid for a stock. Chart analysts often use moving averages to measure various key levels where large amounts of investors purchased shares. "So everyone's looking to get out at the same price, and that price is now," he added.
Alphabet 股价周四预计低开 11%，此前公司公布的上一季度盈利、营收和资本支出均逊于预期。公司还报告了 90.7 亿美元的自由现金流为负值。Grasso 表示：“第二季度是他们首次出现自由现金流为负，直到本季度。所以现在我们有了一个模式。市场为现金买单，不为投资买单。”他还补充道：“Apple 现在看起来像是避风港股票，不再是 Google 了。”
Alphabet shares were set to open 11% lower on Thursday after reporting worse-than-expected earnings, revenue and CapEx spending in the prior quarter. The company also reported negative free cash flow of $9.07 billion. The second quarter "was the first time they went free cash flow negative until this quarter. So now we have a pattern. [The] market pays for cash, not investment," said Grasso. " Apple looks like the safety stock now, no longer Google," he added.