SOFI has been public for a little over a month (IPOE doesn’t count) and people are whining and running for the exits. If you can’t handle a down swing maybe you shouldn’t be investing - Seems like this bull market has condition people that stocks only go up - how would people react during a dripping bear market. Holding this for 10 years plus and not selling a single share. $SoFi Technologies Inc.(SOFI)$
I think the fair value of this stock at current market conditions is around $40, which is around 20x EBIT for 2021. That said, if wsb crowd decides to pump it, it can easily go high. It all depends on how much wsb people like this stock.$Corsair Gaming, Inc.(CRSR)$
Wait a minute: The government practically killed off all future competitors as well as the current small competitors by disallowing fundraising. While $TAL and $EDU suffered 50%+ loss in their normal businesses, they also now have the field practically to themselves without having to burn cash to fend off numerous new entrants armed by other big money capitalists. $(TAL)$ and $(EDU)$ can now make money more easily in the areas they're still allowed to profit (non-school subjects + everything high school and above, which are still very serious and important business), and they can benefit from their dominant positions when entering new educational fields that are not regulated. Given the drop of 94% for $TAL and 8
To all of those who are hard to understand why this is falling
To all of those who are hard to understand why this is fallingAmazon stock went from 100 to 6 while their revenue grew from 650M$ to 1.6B$ in the same period. The stock price does not always reflect the underlying business a company is doing.I bet those that bought at 100 felt frustrated to see their shares go to 6. I am also certain that had they sold they would have been much more frustrated looking at the price now. Point being if you believe in the vision and that the gaming sector will continue to grow even without covid lockdown, then these 6 months of the stock doing nothing should just be seen as great buying opportunities. $Corsair Gaming, Inc.(CRSR)$
3 bad signals of PINS: 1. tampering is new issue, even GOOG people fear to buy. 2. Low volume to support the ER report of PINS 3. Snap is better than PINS. But the price of PINS is same, that means too expensive.$Pinterest, Inc.(PINS)$
ARK still has $76 million in PDD, what do they know and when do they know it. Cathie Wood will load up when she sees a turn around, be patient. I ususally don't average down but made an exception to PDD. Bought more at $78.$Pinduoduo Inc.(PDD)$