Stock of the Day

Out of context: Reply #187

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• sarahfailin0

  I'd call what we're seeing a trend reversal. Everyone knows that tech stocks are a bubble, a bear market rally. Is it popping? Major tech stocks down 10%, gasps of gains on stocks like Tesla, Nikola, and Kodak lost, the market is looking for any place it can put money to make money.

  In 2001 in the dot-com crash tech stocks lost 80% of their value over the course of 2 years. I wouldn't be surprised if we saw a 60% devaluation this time when this long, long time bubble finally pops.

  sarahfailin 0Permalink

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  • I would bet a large sum of money against the US economy and hedge the weakening U.S. dollar.utopian
  • Oil is up, there's lots of oil money in tech right now and they're pulling out. They'll be back sonner than later IMHO.zarkonite

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