Look at QQQ from 2000 peak to 2002 vs QQQ now.
Boiler Room: The Official Stock Market Discussion
Look at QQQ from 2000 peak to 2002 vs QQQ now.
the cac mamba
Veteran
you really think its got that much farther to go?
im expecting more red, but tryna gauge how much. its dipped pretty significantly so far
no one knows, obviously
JetFueledThoughts
Superstar
so who's buying facebook?
ive always hated the company. but i cant even tell if this is a great buying opportunity, or that loss in value was justified
I don’t have any in depth analysis but these two reasons alone for me is why I’m not in now or plan on buying in near future.
- Data is one of their biggest businesses; By way of both regulations and public opinion, the way we share and give access to personal data, and how businesses can sell it, will be curbed a little bit.
- Basically I asked myself if I’d wanna open a position in FB right now, or keep adding to something like my AAPL position or MSFT. All are at a discount in theory right now, but I’m way more confident in Apple and Microsoft running their business and finding new ways to continue profitability
- This is more anectdotal, but usually a company rebranding like this is a sign that the best times aren’t ahead. And/or that the reputation of the original grand is tarnished. In facebook’s case, we can’t say if the former is true or not, but we know that latter is true. Full disclosure this wasn’t an original thought of mine, see tweet below
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JetFueledThoughts
Superstar
you really think its got that much farther to go?
im expecting more red, but tryna gauge how much. its dipped pretty significantly so far
no one knows, obviously
As fast as tech and growth exploded in 2020, we should be prepared for it to correct and slow down equally.
I don’t think tech is gonna crash, but the point someone else made about QQQ from 2000-2002 is a good one. Sometimes corrections aren’t ‘crash shaped’ they’re just quarters and quarters of little to no growth
you really think its got that much farther to go?
im expecting more red, but tryna gauge how much. its dipped pretty significantly so far
no one knows, obviously
Dot-com bubble saw Nasdaq fall fall 70% from 2000 peak. Nasdaq is currently 16% below recent peak.
Tech is definitely gonna crash, and this crash will be faster due to the social media mania component and $900B stock margin debt deleveraging forcing investors to sell shares, regardless of underlying companies fundamentals. Another big factor now vs 2000 is crypto. We know that total crypto market cap is $1.8 trillion but have no clue about total margin debt and derivatives tied to crypto. Crypto will crash with stocks adding to the forced selling.
Just got the email to upgrade my SoFi Money account to a separate checking and savings account and get 1% APY up from 0.25%. Might need to move some money to take advantage cause my other accounts are 0.50% APY.
Cheesy
All Star
Up 42% on GOGL 
they gonna pay a 0,90 dividend too
they gonna pay a 0,90 dividend too
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I thought for forgot an O for a minute. I was gonna say that's huge but it's a different company.Up 42% on GOGL
Cheesy
All Star
Yeah it's a shipping company, quarterly dividend so very much a buy and hold for me
Spidey Man
Superstar
Just did the same with my account. Also got the email about margin borrowing too
Saysumthinfunnymike
VOTE!!!
So everyone listen to me when i said hop on the draftkings leaps? that's how u gotta cont. to play the environment. Your port can be blood red but at least there's some opportunities off overreactions
Saysumthinfunnymike
VOTE!!!
SoFi to me.. i mean it was $10 to start when it was still ipoe. Even if $14 is a fair value that'd be a 40% gain.. Considering it
Saysumthinfunnymike
VOTE!!!
fucc it.. $12.50c 1/2024 on SoFi snatch a few of em 
what's the worst that could happen
what's the worst that could happen