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[QUOTE=~primetime~;14101417]Tech stocks are correcting big...this is going in line with what I was just saying just yesterday lol...sell your overpriced tech shit, buy up the under priced energy/food/airline/bank/hotel/etc shit...most of that is up today btw[/QUOTE]
It regained much of what it lost. Do not panic sell.
[QUOTE=bladefd;14101426]It regained much of what it lost. Do not panic sell.[/QUOTE]
Panic selling can be bad yes...sometimes a big drop just means you should buy MORE. But when it's time to jump ship, it's time to jump ship. It depends on the company and if that company is overvalued or undervalued.
I remember reading advice from someone who is killing it in stocks saying that he learned to never buy or sell anything until one hour to close...let the stocks do their thing for the day and then make your moves at the end of the day.
Absolute massacre of tech stocks today
[QUOTE=~primetime~;14101435]Panic selling can be bad yes...sometimes a big drop just means you should buy MORE. But when it's time to jump ship, it's time to jump ship. It depends on the company and if that company is overvalued or undervalued.
I remember reading advice from someone who is killing it in stocks saying that he learned to never buy or sell anything until one hour to close...let the stocks do their thing for the day and then make your moves at the end of the day.[/QUOTE]
I would just hold for now. Just wait - not buying anything
tech stocks still being hit...the correction continues
Tesla has gone from $500 to $380 over last 4 days
Wayfair down 14%
PayPal down big
Meanwhile the US saw 1.4 million jobs added and unemployment is down to 8.4%
I mean really the market would be up big today if not for the fact that tech stocks got over bloated and are now correcting
covid continues to spiral down...
AGAIN...buy airlines...banks...hotels...gas stations...major clothing brands...major restaurant chains...all the shit that was hit hard by covid, it's all coming back...most of it is still way under priced.
And Wall Street doesn't need a full comeback...investors only need to see that a come back is underway, the stock prices will shoot up before the real reported numbers do.
in my expert advice - sell all your stock and invest your wealth in Milana Vayntrubs A+ titties
Dang, and here I was hoping we'd set a new record next week which I think was 29500 or so pre-covid.
Square is just killing me.. Apple too but it's still in the positive..
[QUOTE=bladefd;14102613]Square is just killing me.. Apple too but it's still in the positive..[/QUOTE]
Do you use square at all? I currently use it as a side business and it's been good to me, i did like 120k net last year on it. I like that they've expanded to do payroll, websites etc. etc.
[QUOTE=rawimpact;14102642]Do you use square at all? I currently use it as a side business and it's been good to me, i did like 120k net last year on it. I like that they've expanded to do payroll, websites etc. etc.[/QUOTE]
I don't own a business but I do like their business model and rise. They are long term investment for me so I am not worried. More and more companies are using it and will continue to. Square can also do cryptocurrency
Tesla correcting it appears. I’m waiting to see what Peloton does Thursday.
Just brutal.
In on BABA @ $212 w/ 300 shares. Before the correction it jumped to $290/share. I'm still holding this one.
I have a bunch of ORCL too. At this point I'm just a bag holder.
Any opinions on what I should do with ORCL?
Also, I have a shit load of GM stocks that I've been holding for awhile now. Another bag holder but they hooked up with NIKOLA and making a truck. I don't know if that's good or not.
[QUOTE=Kblaze8855;14099741]And apparently peloton is about to release a report. Covid shutting down gyms likely made them to crazy business so they are rising in anticipation. I threw some money on it for the hell of it.[/QUOTE]
So the report is out. Sales went up 170% during all this.
[QUOTE=Kblaze8855;14112536]So the report is out. Sales went up 170% during all this.[/QUOTE]
Sadly...fundamentals are not what's driving up the market. Hype and retail investors are. I learned my lesson with a few thousand on Robinhood.
Once I put 6 figures with Charles Schwab and buying great tech companies was when my money rolled in.
Not to mention Tesla helped before the splits.