Long-term, possibly, but much of the stuff we were talking about during the COVID downturn was a lot of hysteria driving the prices up, so to stay in those while they get obliterated or look for entry points while they do... I don't know. In the meantime while those are tanking, there are global political events causing commodity (copper, steel, etc.), ag, energy, healthcare, and other sectors all to go up. So I was just saying keep an eye on those because most of those have been rocketing up the past few months (well, until the past few weeks). The other thing is, it doesn't matter what the technological hope or future may be for a company, if they aren't making money during times like this (reset of earnings expectations, rising interest rates, geo-political turmoil, etc) or aren't reporting earnings that are better-than-expected, nobody cares. I mean, I would love to say there are a lot of battery tech/EV, cybersecurity, biotech, etc. stocks that could be 5x or more in a few years (or maybe even in 2 years), but when most of them already rode up to crazy multiples and are still 2-5 years away from possibly producing anything, they get wrecked. I'm saying this even though I did buy into a small portion of CRWD today around its lows, btw ,which may have been stupid. Maybe it's how we all trade or invest differently. When a market or entire sector is resetting the bar on expectations based upon what's going on in the world, I'm wary of putting more money into it when there are other sectors out there where money is being dumped into. I'm also saying this as I know even fert/ag, metals, steel, etc. have come down a bit recently since their recent highs as a lot of people are taking profits. So I guess the question is, do you say "this isn't working, should I look for what is working and deploy some money there?" or "this isn't working, but I'm going to put money into it until it does" (Cathie Wood!). I'm one of the former when it comes to sector investing which I do a lot. The one thing that's helped me so far this year, as usual, is the diversification across multiple sectors. I don't care about making 10x in this kind of market - I just don't want to be obliterated because I'm sure we'll see more of this in the coming months. I've dumped a lot of stocks in the past 2 years that I've held onto for several years.
yay! pls buy more. only reason i didn't add crwd is cos it's already my biggest position. with the gains from 2020 reduced bigly, early retirement is no longer an option for me. i guess my investing horizon is another 25 years... *cry*
look at 5 year chart of ARKK lmao...innovation innovation innovation! I think most of the stuff that went up during 2020-2022 is back to earthly levels...
How long before TSLA shareholders turn on Elon? Now down 25% after good earnings.....don't tell me it's macros.
$AMZN -8% AH after cutting 2Q rev growth guidance to +5% (from +11% est) and 2Q operating profit of -$1B to +$3B (Street +$6.8B). AWS 1Q rev on track. Mgmt commentary about growing too fast and this taking some time to fix is concerning.
No one is turning on TSLA until they have some bad earnings cycles. They're still showing growth and are still keeping up with production goals. That's all anyone seems to care about. The rest of the competition is just now catching up and they've all been hit by supply chain issues so production has been lower than anticipated. TSLA is just an incredibly volatile stock. Anyone buying in should be ready for huge swings (in both directions).
anyone follow qcom? pretty good results and outlook, p/e only 15. waiting for eth POW to kick the can before buying NVDA.
amzn covid run bubble busted... close to the trajectory it was on before. watching it more as a big player falling and indicator for finding a bottom in the overall market
The fed might as well go 75, 50, 50, 25 next 4 meetings and be done with it. That’ll give them ammo to cut later this year or next year…lol.
I can't remember which has been going on for longer - people saying to buy QCOM for a breakout or ETH ditching PoW for PoS. I think for now, earnings don't matter unless you have bad earnings. If you have bad earnings or bad guidance, you'll get blown up. If you have good earnings - whatever. Any stock you like now is probably a long-term play or this is just a good entry point for it (meaning, you'll be in early), but you may see more downside before upside. There are so many semi stocks I want to pile into right now and just hold on for a while because they're so booked to capacity/production (I was a bit too early into MRVL and NVDA). I'm not sure about QCOM, though, but there are a lot of people that have been loving it over the past few months. I almost wish they would. I wish there weren't a limit on I-bonds - the damn things are about to pay almost 10%.
