OT: Stock and Investment Thread
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Investors probably coming back from vacations and enjoying summer to see their accounts at ATHs and want to take money off the table?
No real reason other than perhaps waiting for Powell's comments on Friday. The Daq was at a screaming ATH. It's natural to rotate some of these gains to other sectors. Just keep an eye on your watch list to see if you can pick-up stuff on the cheap (or add to existing positions).
Anticipation for Jackson Hole and less certainty around September rate cuts is my guess
Not sure what triggered it, but valuations on many NASDAQ stocks were at ridiculous levels. Most are solid companies, but some more downside is possible. I’m not jumping on anything yet.
You can thank me now for the reverse jinx I put on the market today. As soon as I (also known as Chicken Little) posted, the market had a nice comeback.
You only post when the market is down. If you did so at other times, maybe you wouldn't be a reverse jinx?
We aren’t out of the woods yet. We may get a relief rally in growth stocks, but the concern is going lower.
TLS continues to rip in spite of the overall growth rollover. Up more then a double in a couple weeks. Up 7% today.
Although TLS has not been growth, having seen their rev's come down drastically in recent years, but they may be on the other side now.
Still "cheap" at 4ish x price to rev's, but those rev's need to continue on the rise.
Wedbush has and continues to be a proponent.
Although TLS has not been growth, having seen their rev's come down drastically in recent years, but they may be on the other side now.
Still "cheap" at 4ish x price to rev's, but those rev's need to continue on the rise.
Wedbush has and continues to be a proponent.
I think we are going to need to go down to $130-140 range for PLTR. The Powell situation on Friday may be the catalyst for the correction.I'll be patient and hold for a while. The product seems solid.
@rurahrah000 - at what level would PLTR be a buy?