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Bluebear
hello all I'm a humble bear
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Bluebear
2021-06-01
$Tiger Brokers(TIGR)$
tiger to $26 tonight!!! Let's go!!!
Bluebear
2021-05-26
$Tiger Brokers(TIGR)$
go tiger!!! Go back to $40!!!!
Bluebear
2021-06-04
$Tiger Brokers(TIGR)$
Sold some units for small profits. Hooray
Bluebear
2020-12-28
$Foresight Autonomous Holdings Ltd.(FRSX)$
trading halted for company news. quickly buy!!! Good news?
Bluebear
2021-03-12
$Tiger Brokers(TIGR)$
slow and steady!!
Bluebear
2021-06-29
$Tiger Brokers(TIGR)$
gooooooo tigerrrrrrr XIAO LAO HU JIAYOU
Bluebear
2021-06-15
$NIO Inc.(NIO)$
up up you go $nio
Bluebear
2021-06-15
$SOS Limited(SOS)$
nice!!!
Bluebear
2021-05-27
Huat ah $$$ money come come
抱歉,原内容已删除
Bluebear
2021-02-24
Hi
Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>
去老虎APP查看更多动态
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Go back to 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上周美股三大指数涨幅都超过了1%,不过作为投资者来说能跑赢上周指数的估计不多,因为除了五大科技外几乎没啥上涨的板块,连疫情回复和半导体上周整体也是跌的,一边看着指数天天新高快犯了恐高症,一边是自己的持仓依旧半死不活,让人提不起欲望,我上周天天都是贤者模式。 周末比特币带着一群小弟崩了,起因是传言美国财务部将指控多家金融机构用加密货币洗钱,可这消息到现在也没见哪家媒体证实,财务部看来又背了锅。区块链我虽然不怎么关注,上周coinbase上市还是知道的,这家交易所采用DPO的方式上市,不需要发新股也不用找承销商,原有股票没有禁售期,不得不说老美割韭菜的工具就是丰富多彩。在没有新股的情况下,3天coinbase的换手率达到了70%,高位套现的美滋滋们跟周末比特币的大跌有没有关系呢?反正说没有我不信。 周一A股,港股走的还不错,到了晚上coinbase,square,特斯拉毫无悬念下跌,特斯拉除了比特币的事外,自动驾驶在得州搞出了一车两命,车展上还遭遇维权,股价自然不会好看,其他板块也是稀里哗啦,我的美股持仓只有B站和秦淮微红。。。又是爆锤的一天。 本周消息面不多,周三有个PMI,财报以航空为主(Q1数据起色有限),市场缺乏动力,本周大盘下跌的概率比较大,上周五我把TQQQ先扔了,昨晚(周一)犹豫了一下,特斯拉也先出局,半导体(SOXL)仓位比较小先保留。 未来一个月Q1财报会密集发布,也是市场关注的重点,我感觉如果本周指数回调那后面还是可以期待下,但如果本周后几天大盘还要突突,那我就要做减仓了。 本周港股还有一只眼科的新股,行业不错公司一般,认购倍数还不到30(打新行情凉的透透的),今天是最后一天,我放弃,现在打新就期待头条","listText":" 上周美股三大指数涨幅都超过了1%,不过作为投资者来说能跑赢上周指数的估计不多,因为除了五大科技外几乎没啥上涨的板块,连疫情回复和半导体上周整体也是跌的,一边看着指数天天新高快犯了恐高症,一边是自己的持仓依旧半死不活,让人提不起欲望,我上周天天都是贤者模式。 周末比特币带着一群小弟崩了,起因是传言美国财务部将指控多家金融机构用加密货币洗钱,可这消息到现在也没见哪家媒体证实,财务部看来又背了锅。区块链我虽然不怎么关注,上周coinbase上市还是知道的,这家交易所采用DPO的方式上市,不需要发新股也不用找承销商,原有股票没有禁售期,不得不说老美割韭菜的工具就是丰富多彩。在没有新股的情况下,3天coinbase的换手率达到了70%,高位套现的美滋滋们跟周末比特币的大跌有没有关系呢?反正说没有我不信。 周一A股,港股走的还不错,到了晚上coinbase,square,特斯拉毫无悬念下跌,特斯拉除了比特币的事外,自动驾驶在得州搞出了一车两命,车展上还遭遇维权,股价自然不会好看,其他板块也是稀里哗啦,我的美股持仓只有B站和秦淮微红。。。又是爆锤的一天。 本周消息面不多,周三有个PMI,财报以航空为主(Q1数据起色有限),市场缺乏动力,本周大盘下跌的概率比较大,上周五我把TQQQ先扔了,昨晚(周一)犹豫了一下,特斯拉也先出局,半导体(SOXL)仓位比较小先保留。 未来一个月Q1财报会密集发布,也是市场关注的重点,我感觉如果本周指数回调那后面还是可以期待下,但如果本周后几天大盘还要突突,那我就要做减仓了。 本周港股还有一只眼科的新股,行业不错公司一般,认购倍数还不到30(打新行情凉的透透的),今天是最后一天,我放弃,现在打新就期待头条","text":"上周美股三大指数涨幅都超过了1%,不过作为投资者来说能跑赢上周指数的估计不多,因为除了五大科技外几乎没啥上涨的板块,连疫情回复和半导体上周整体也是跌的,一边看着指数天天新高快犯了恐高症,一边是自己的持仓依旧半死不活,让人提不起欲望,我上周天天都是贤者模式。 周末比特币带着一群小弟崩了,起因是传言美国财务部将指控多家金融机构用加密货币洗钱,可这消息到现在也没见哪家媒体证实,财务部看来又背了锅。区块链我虽然不怎么关注,上周coinbase上市还是知道的,这家交易所采用DPO的方式上市,不需要发新股也不用找承销商,原有股票没有禁售期,不得不说老美割韭菜的工具就是丰富多彩。在没有新股的情况下,3天coinbase的换手率达到了70%,高位套现的美滋滋们跟周末比特币的大跌有没有关系呢?反正说没有我不信。 周一A股,港股走的还不错,到了晚上coinbase,square,特斯拉毫无悬念下跌,特斯拉除了比特币的事外,自动驾驶在得州搞出了一车两命,车展上还遭遇维权,股价自然不会好看,其他板块也是稀里哗啦,我的美股持仓只有B站和秦淮微红。。。又是爆锤的一天。 本周消息面不多,周三有个PMI,财报以航空为主(Q1数据起色有限),市场缺乏动力,本周大盘下跌的概率比较大,上周五我把TQQQ先扔了,昨晚(周一)犹豫了一下,特斯拉也先出局,半导体(SOXL)仓位比较小先保留。 未来一个月Q1财报会密集发布,也是市场关注的重点,我感觉如果本周指数回调那后面还是可以期待下,但如果本周后几天大盘还要突突,那我就要做减仓了。 本周港股还有一只眼科的新股,行业不错公司一般,认购倍数还不到30(打新行情凉的透透的),今天是最后一天,我放弃,现在打新就期待头条","images":[{"img":"https://static.tigerbbs.com/067fcc31f2a56039a18ce16a72ae3e16","width":"688","height":"378"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373444422","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357641256,"gmtCreate":1617271756375,"gmtModify":1634521690830,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Gogo tigers!!!","listText":"Gogo tigers!!!","text":"Gogo tigers!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357641256","isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356354004,"gmtCreate":1616759205708,"gmtModify":1634524154522,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Are we expecting Tigers to continue marketing itself in Singapore and across other Asian countries? The marketing tactics have already proven effective to help boost new users and increase cash flow.","listText":"Are we expecting Tigers to continue marketing itself in Singapore and across other Asian countries? The marketing tactics have already proven effective to help boost new users and increase cash flow.","text":"Are we expecting Tigers to continue marketing itself in Singapore and across other Asian countries? The marketing tactics have already proven effective to help boost new users and increase cash flow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356354004","repostId":"356913796","repostType":1,"repost":{"id":356913796,"gmtCreate":1616748099111,"gmtModify":1631888870107,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/9e396d03155923b283948d2dec9191f8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"36984908995200","idStr":"36984908995200"},"themes":[],"title":"【赢虎币】参与老虎业绩会,向CEO提问~","htmlText":"今天盘前,老虎交作业啦! 财报显示,老虎证券在第四季度实现营收4724万美元,同比大增136.5%,已连续五个季度实现同比翻倍;Non-GAAP净利润同比大增2873.4%,达1026万美元,即增长近29倍。2020全年,总营收达1.4亿美元,同比大增136.1%;Non-GAAP净利润为2227万美元。 截至2020年末,老虎证券开户客户数达110.4万,同比增长70.1%。同期,客户资产总额达159.6亿美元,同比增长215.9%,达到历史新高;其中Q4净增客户资产50.4亿美元,为去年同期的近4倍并创下史上最快季度增速。 财报详情请点击:<a href=\"https://laohu8.com/NW/1111877628\" target=\"_blank\">老虎证券2020年营收1.4亿美元,同比大增136%</a> 老虎证券业绩电话会将于北京时间今晚20:00开始,欢迎参与:<a href=\"https://laohu8.com/RN?name=RNLive&rndata={"liveId":"16163849877161"}\" target=\"_blank\">老虎2020年Q4及全年业绩会直播</a> 业绩会特设“个人投资者问答环节”,欢迎大家在本帖下方留言你的问题,我们会将你的问题汇总,并在电话会中代以提问。凡是参与留言的虎友均可获得66虎币,优秀问题还会赢得限定周边及在直播中被直接回答的机会。 欢迎大家踊跃留言,也可以关注 @老虎证券 企业号,活动将持续到今晚8点~<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> ","listText":"今天盘前,老虎交作业啦! 财报显示,老虎证券在第四季度实现营收4724万美元,同比大增136.5%,已连续五个季度实现同比翻倍;Non-GAAP净利润同比大增2873.4%,达1026万美元,即增长近29倍。2020全年,总营收达1.4亿美元,同比大增136.1%;Non-GAAP净利润为2227万美元。 截至2020年末,老虎证券开户客户数达110.4万,同比增长70.1%。同期,客户资产总额达159.6亿美元,同比增长215.9%,达到历史新高;其中Q4净增客户资产50.4亿美元,为去年同期的近4倍并创下史上最快季度增速。 财报详情请点击:<a href=\"https://laohu8.com/NW/1111877628\" target=\"_blank\">老虎证券2020年营收1.4亿美元,同比大增136%</a> 老虎证券业绩电话会将于北京时间今晚20:00开始,欢迎参与:<a href=\"https://laohu8.com/RN?name=RNLive&rndata={"liveId":"16163849877161"}\" target=\"_blank\">老虎2020年Q4及全年业绩会直播</a> 业绩会特设“个人投资者问答环节”,欢迎大家在本帖下方留言你的问题,我们会将你的问题汇总,并在电话会中代以提问。凡是参与留言的虎友均可获得66虎币,优秀问题还会赢得限定周边及在直播中被直接回答的机会。 欢迎大家踊跃留言,也可以关注 @老虎证券 企业号,活动将持续到今晚8点~<a target=\"_blank\" href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a> ","text":"今天盘前,老虎交作业啦! 财报显示,老虎证券在第四季度实现营收4724万美元,同比大增136.5%,已连续五个季度实现同比翻倍;Non-GAAP净利润同比大增2873.4%,达1026万美元,即增长近29倍。2020全年,总营收达1.4亿美元,同比大增136.1%;Non-GAAP净利润为2227万美元。 截至2020年末,老虎证券开户客户数达110.4万,同比增长70.1%。同期,客户资产总额达159.6亿美元,同比增长215.9%,达到历史新高;其中Q4净增客户资产50.4亿美元,为去年同期的近4倍并创下史上最快季度增速。 财报详情请点击:老虎证券2020年营收1.4亿美元,同比大增136% 老虎证券业绩电话会将于北京时间今晚20:00开始,欢迎参与:老虎2020年Q4及全年业绩会直播 业绩会特设“个人投资者问答环节”,欢迎大家在本帖下方留言你的问题,我们会将你的问题汇总,并在电话会中代以提问。凡是参与留言的虎友均可获得66虎币,优秀问题还会赢得限定周边及在直播中被直接回答的机会。 欢迎大家踊跃留言,也可以关注 @老虎证券 企业号,活动将持续到今晚8点~$老虎证券(TIGR)$","images":[{"img":"https://static.tigerbbs.com/7a20ce3e2f980bdaba8c96ffa1c8fa11","width":"2000","height":"1125"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356913796","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":771,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327352649,"gmtCreate":1616063099981,"gmtModify":1634527438366,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Lol tigers up up up","listText":"Lol tigers up up up","text":"Lol tigers up up up","images":[{"img":"https://static.tigerbbs.com/f605a9aff7849bb86feb67f2ff0fcc10","width":"1080","height":"2582"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327352649","isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":328357183,"gmtCreate":1615501736942,"gmtModify":1703489982016,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>slow and steady!!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>slow and steady!!","text":"$Tiger Brokers(TIGR)$slow and steady!!","images":[{"img":"https://static.tigerbbs.com/30c19a9d6036a259e59fc203e03c8399","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328357183","isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":365307243,"gmtCreate":1614695510082,"gmtModify":1703479987509,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>tiger to hit back $30 this week! Hit the like button to show support!!!! <a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>tiger to hit back $30 this week! Hit the like button to show support!!!! <a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>","text":"$Tiger Brokers(TIGR)$tiger to hit back $30 this week! Hit the like button to show support!!!! $Tiger Brokers(TIGR)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/365307243","isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363784562,"gmtCreate":1614173357156,"gmtModify":1634550884219,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363784562","repostId":"1185609211","repostType":2,"repost":{"id":"1185609211","kind":"news","pubTimestamp":1614139419,"share":"https://www.laohu8.com/m/news/1185609211?lang=zh_CN&edition=full","pubTime":"2021-02-24 12:03","market":"us","language":"en","title":"Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185609211","media":"TheStreet","summary":"High valuations, margin debt and the ARK effect could lead to more pain for some names. But the sell","content":"<p>High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.</p><p><blockquote>高估值、保证金债务和方舟效应可能会给一些公司带来更多痛苦。但抛售也可能为其他科技公司创造买入机会。</blockquote></p><p> While many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.</p><p><blockquote>尽管许多投机性的Robinhood最爱在过去几周大幅下跌,但它们通常仍远高于两三个月前的交易水平,并且可以说总体上仍然被高估。</blockquote></p><p> For example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.</p><p><blockquote>例如,虽然燃料电池公司普拉格能源(PLUG)、燃料电池能源(FCEL)和巴拉德电力(BLDP)目前分别较最近创下的高点下跌40%、44%和32%,但仍为67%,较三个月前收盘时分别上涨92%和33%。它们的预期销售倍数仍超过40。</blockquote></p><p> Likewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.</p><p><blockquote>同样,3D打印领域3D Systems(DDD)、Stratasys(SSYS)和ExOne(XONE)在过去三个月中分别增长了357%、147%和215%。电动汽车公司QuantumScape(QS)和Luminar Technologies(LAZR)在过去三个月中分别上涨了150%和123%,并且估值仍然很高——QuantumScape预计不会推出固态电池2024年投入生产,价值仍为200亿美元。即将合并的大麻公司Tilray(TLRY)和Aphria(APHA)分别上涨252%和171%,并保持两位数的远期销售倍数。</blockquote></p><p> In a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.</p><p><blockquote>简而言之,一些公司的估值仍然普遍过高,一些投资者仍然拥有大量账面利润,如果当前的抛售让他们感到不安,他们可以将这些利润转化为实际利润。此外,从过去几个月保证金债务余额的飙升来看,如果抛售继续下去,这些公司的许多新投资者可能会因保证金评级而被迫抛售头寸。</blockquote></p><p> Also, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.</p><p><blockquote>此外,其他人指出,ARK Invest的交易活动可能会从各种高市盈率科技股的顺风变成逆风。近几个月来,ARK Innovation ETF(ARKK)和其他ARK基金的巨额散户投资者资金流入推动了ARK偏爱的各种清洁能源、3D打印、软件/云和生物技术公司的大幅上涨。但相反,方舟基金的大量资金外流可能会使此类股票在抛售期间面临比其他情况下更大的抛售压力。</blockquote></p><p> With all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.</p><p><blockquote>综上所述,我目前并不相信当前的抛售是科技股整体熊市的开始。</blockquote></p><p> In spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.</p><p><blockquote>尽管科技领域的某些领域存在投机狂潮,但相当多优质科技公司目前仍处于中等估值或只是有点贵。在疫苗的推出、家庭储蓄水平的提高以及三月份可能出台的额外刺激措施之间,宏观背景看起来仍然有利,尽管一些居家度假的需求可能会在未来几个月有所降温。</blockquote></p><p> <i>Eventually</i>, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.</p><p><blockquote><i>最终</i>、通胀、债券收益率上升和美联储收紧政策可能会成为科技股的总体问题。但我们似乎距离达到这一点还有很长的路要走,就目前而言,美联储仍然一如既往地宽松。</blockquote></p><p> As a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.</p><p><blockquote>因此,如果当前的科技股溃败持续下去,导致非常昂贵和不太昂贵的公司面临更大的抛售压力,那么对于一些价格更合理的公司来说,风险/回报可能会开始看起来非常好。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-02-24 12:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.</p><p><blockquote>高估值、保证金债务和方舟效应可能会给一些公司带来更多痛苦。但抛售也可能为其他科技公司创造买入机会。</blockquote></p><p> While many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.</p><p><blockquote>尽管许多投机性的Robinhood最爱在过去几周大幅下跌,但它们通常仍远高于两三个月前的交易水平,并且可以说总体上仍然被高估。</blockquote></p><p> For example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.</p><p><blockquote>例如,虽然燃料电池公司普拉格能源(PLUG)、燃料电池能源(FCEL)和巴拉德电力(BLDP)目前分别较最近创下的高点下跌40%、44%和32%,但仍为67%,较三个月前收盘时分别上涨92%和33%。它们的预期销售倍数仍超过40。</blockquote></p><p> Likewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.</p><p><blockquote>同样,3D打印领域3D Systems(DDD)、Stratasys(SSYS)和ExOne(XONE)在过去三个月中分别增长了357%、147%和215%。电动汽车公司QuantumScape(QS)和Luminar Technologies(LAZR)在过去三个月中分别上涨了150%和123%,并且估值仍然很高——QuantumScape预计不会推出固态电池2024年投入生产,价值仍为200亿美元。即将合并的大麻公司Tilray(TLRY)和Aphria(APHA)分别上涨252%和171%,并保持两位数的远期销售倍数。</blockquote></p><p> In a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.</p><p><blockquote>简而言之,一些公司的估值仍然普遍过高,一些投资者仍然拥有大量账面利润,如果当前的抛售让他们感到不安,他们可以将这些利润转化为实际利润。此外,从过去几个月保证金债务余额的飙升来看,如果抛售继续下去,这些公司的许多新投资者可能会因保证金评级而被迫抛售头寸。</blockquote></p><p> Also, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.</p><p><blockquote>此外,其他人指出,ARK Invest的交易活动可能会从各种高市盈率科技股的顺风变成逆风。近几个月来,ARK Innovation ETF(ARKK)和其他ARK基金的巨额散户投资者资金流入推动了ARK偏爱的各种清洁能源、3D打印、软件/云和生物技术公司的大幅上涨。但相反,方舟基金的大量资金外流可能会使此类股票在抛售期间面临比其他情况下更大的抛售压力。</blockquote></p><p> With all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.</p><p><blockquote>综上所述,我目前并不相信当前的抛售是科技股整体熊市的开始。</blockquote></p><p> In spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.</p><p><blockquote>尽管科技领域的某些领域存在投机狂潮,但相当多优质科技公司目前仍处于中等估值或只是有点贵。在疫苗的推出、家庭储蓄水平的提高以及三月份可能出台的额外刺激措施之间,宏观背景看起来仍然有利,尽管一些居家度假的需求可能会在未来几个月有所降温。</blockquote></p><p> <i>Eventually</i>, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.</p><p><blockquote><i>最终</i>、通胀、债券收益率上升和美联储收紧政策可能会成为科技股的总体问题。但我们似乎距离达到这一点还有很长的路要走,就目前而言,美联储仍然一如既往地宽松。</blockquote></p><p> As a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.</p><p><blockquote>因此,如果当前的科技股溃败持续下去,导致非常昂贵和不太昂贵的公司面临更大的抛售压力,那么对于一些价格更合理的公司来说,风险/回报可能会开始看起来非常好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://realmoney.thestreet.com/investing/technology/why-the-plunge-in-more-speculative-tech-stocks-might-not-be-over-yet-15575838\">TheStreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","PLUG":"普拉格能源","SSYS":"Stratasys","DDD":"3D系统","BLDP":"巴拉德动力系统","QS":"Quantumscape Corp.","FCEL":"燃料电池能源","XONE":"BondBloxx Bloomberg One Year Target Duration US Treasury ETF","TLRY":"Tilray Inc.","APHA":"Aphria Inc."},"source_url":"https://realmoney.thestreet.com/investing/technology/why-the-plunge-in-more-speculative-tech-stocks-might-not-be-over-yet-15575838","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185609211","content_text":"High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.\nWhile many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.\nFor example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.\nLikewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.\nIn a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.\nAlso, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.\nWith all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.\nIn spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.\nEventually, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.\nAs a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.","news_type":1,"symbols_score_info":{"ARKK":0.9,"QS":0.9,"LAZR":0.9,"SSYS":0.9,"BLDP":0.9,"FCEL":0.9,"XONE":0.9,"APHA":0.9,"PLUG":0.9,"DDD":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363784305,"gmtCreate":1614173325507,"gmtModify":1634550884341,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Buy the dips!!","listText":"Buy the dips!!","text":"Buy the dips!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363784305","repostId":"1185609211","repostType":2,"repost":{"id":"1185609211","kind":"news","pubTimestamp":1614139419,"share":"https://www.laohu8.com/m/news/1185609211?lang=zh_CN&edition=full","pubTime":"2021-02-24 12:03","market":"us","language":"en","title":"Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185609211","media":"TheStreet","summary":"High valuations, margin debt and the ARK effect could lead to more pain for some names. But the sell","content":"<p>High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.</p><p><blockquote>高估值、保证金债务和方舟效应可能会给一些公司带来更多痛苦。但抛售也可能为其他科技公司创造买入机会。</blockquote></p><p> While many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.</p><p><blockquote>尽管许多投机性的Robinhood最爱在过去几周大幅下跌,但它们通常仍远高于两三个月前的交易水平,并且可以说总体上仍然被高估。</blockquote></p><p> For example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.</p><p><blockquote>例如,虽然燃料电池公司普拉格能源(PLUG)、燃料电池能源(FCEL)和巴拉德电力(BLDP)目前分别较最近创下的高点下跌40%、44%和32%,但仍为67%,较三个月前收盘时分别上涨92%和33%。它们的预期销售倍数仍超过40。</blockquote></p><p> Likewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.</p><p><blockquote>同样,3D打印领域3D Systems(DDD)、Stratasys(SSYS)和ExOne(XONE)在过去三个月中分别增长了357%、147%和215%。电动汽车公司QuantumScape(QS)和Luminar Technologies(LAZR)在过去三个月中分别上涨了150%和123%,并且估值仍然很高——QuantumScape预计不会推出固态电池2024年投入生产,价值仍为200亿美元。即将合并的大麻公司Tilray(TLRY)和Aphria(APHA)分别上涨252%和171%,并保持两位数的远期销售倍数。</blockquote></p><p> In a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.</p><p><blockquote>简而言之,一些公司的估值仍然普遍过高,一些投资者仍然拥有大量账面利润,如果当前的抛售让他们感到不安,他们可以将这些利润转化为实际利润。此外,从过去几个月保证金债务余额的飙升来看,如果抛售继续下去,这些公司的许多新投资者可能会因保证金评级而被迫抛售头寸。</blockquote></p><p> Also, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.</p><p><blockquote>此外,其他人指出,ARK Invest的交易活动可能会从各种高市盈率科技股的顺风变成逆风。近几个月来,ARK Innovation ETF(ARKK)和其他ARK基金的巨额散户投资者资金流入推动了ARK偏爱的各种清洁能源、3D打印、软件/云和生物技术公司的大幅上涨。但相反,方舟基金的大量资金外流可能会使此类股票在抛售期间面临比其他情况下更大的抛售压力。</blockquote></p><p> With all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.</p><p><blockquote>综上所述,我目前并不相信当前的抛售是科技股整体熊市的开始。</blockquote></p><p> In spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.</p><p><blockquote>尽管科技领域的某些领域存在投机狂潮,但相当多优质科技公司目前仍处于中等估值或只是有点贵。在疫苗的推出、家庭储蓄水平的提高以及三月份可能出台的额外刺激措施之间,宏观背景看起来仍然有利,尽管一些居家度假的需求可能会在未来几个月有所降温。</blockquote></p><p> <i>Eventually</i>, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.</p><p><blockquote><i>最终</i>、通胀、债券收益率上升和美联储收紧政策可能会成为科技股的总体问题。但我们似乎距离达到这一点还有很长的路要走,就目前而言,美联储仍然一如既往地宽松。</blockquote></p><p> As a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.</p><p><blockquote>因此,如果当前的科技股溃败持续下去,导致非常昂贵和不太昂贵的公司面临更大的抛售压力,那么对于一些价格更合理的公司来说,风险/回报可能会开始看起来非常好。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-02-24 12:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.</p><p><blockquote>高估值、保证金债务和方舟效应可能会给一些公司带来更多痛苦。但抛售也可能为其他科技公司创造买入机会。</blockquote></p><p> While many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.</p><p><blockquote>尽管许多投机性的Robinhood最爱在过去几周大幅下跌,但它们通常仍远高于两三个月前的交易水平,并且可以说总体上仍然被高估。</blockquote></p><p> For example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.</p><p><blockquote>例如,虽然燃料电池公司普拉格能源(PLUG)、燃料电池能源(FCEL)和巴拉德电力(BLDP)目前分别较最近创下的高点下跌40%、44%和32%,但仍为67%,较三个月前收盘时分别上涨92%和33%。它们的预期销售倍数仍超过40。</blockquote></p><p> Likewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.</p><p><blockquote>同样,3D打印领域3D Systems(DDD)、Stratasys(SSYS)和ExOne(XONE)在过去三个月中分别增长了357%、147%和215%。电动汽车公司QuantumScape(QS)和Luminar Technologies(LAZR)在过去三个月中分别上涨了150%和123%,并且估值仍然很高——QuantumScape预计不会推出固态电池2024年投入生产,价值仍为200亿美元。即将合并的大麻公司Tilray(TLRY)和Aphria(APHA)分别上涨252%和171%,并保持两位数的远期销售倍数。</blockquote></p><p> In a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.</p><p><blockquote>简而言之,一些公司的估值仍然普遍过高,一些投资者仍然拥有大量账面利润,如果当前的抛售让他们感到不安,他们可以将这些利润转化为实际利润。此外,从过去几个月保证金债务余额的飙升来看,如果抛售继续下去,这些公司的许多新投资者可能会因保证金评级而被迫抛售头寸。</blockquote></p><p> Also, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.</p><p><blockquote>此外,其他人指出,ARK Invest的交易活动可能会从各种高市盈率科技股的顺风变成逆风。近几个月来,ARK Innovation ETF(ARKK)和其他ARK基金的巨额散户投资者资金流入推动了ARK偏爱的各种清洁能源、3D打印、软件/云和生物技术公司的大幅上涨。但相反,方舟基金的大量资金外流可能会使此类股票在抛售期间面临比其他情况下更大的抛售压力。</blockquote></p><p> With all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.</p><p><blockquote>综上所述,我目前并不相信当前的抛售是科技股整体熊市的开始。</blockquote></p><p> In spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.</p><p><blockquote>尽管科技领域的某些领域存在投机狂潮,但相当多优质科技公司目前仍处于中等估值或只是有点贵。在疫苗的推出、家庭储蓄水平的提高以及三月份可能出台的额外刺激措施之间,宏观背景看起来仍然有利,尽管一些居家度假的需求可能会在未来几个月有所降温。</blockquote></p><p> <i>Eventually</i>, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.</p><p><blockquote><i>最终</i>、通胀、债券收益率上升和美联储收紧政策可能会成为科技股的总体问题。但我们似乎距离达到这一点还有很长的路要走,就目前而言,美联储仍然一如既往地宽松。</blockquote></p><p> As a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.</p><p><blockquote>因此,如果当前的科技股溃败持续下去,导致非常昂贵和不太昂贵的公司面临更大的抛售压力,那么对于一些价格更合理的公司来说,风险/回报可能会开始看起来非常好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://realmoney.thestreet.com/investing/technology/why-the-plunge-in-more-speculative-tech-stocks-might-not-be-over-yet-15575838\">TheStreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","PLUG":"普拉格能源","SSYS":"Stratasys","DDD":"3D系统","BLDP":"巴拉德动力系统","QS":"Quantumscape Corp.","FCEL":"燃料电池能源","XONE":"BondBloxx Bloomberg One Year Target Duration US Treasury ETF","TLRY":"Tilray Inc.","APHA":"Aphria Inc."},"source_url":"https://realmoney.thestreet.com/investing/technology/why-the-plunge-in-more-speculative-tech-stocks-might-not-be-over-yet-15575838","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185609211","content_text":"High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.\nWhile many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.\nFor example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.\nLikewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.\nIn a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.\nAlso, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.\nWith all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.\nIn spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.\nEventually, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.\nAs a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.","news_type":1,"symbols_score_info":{"ARKK":0.9,"QS":0.9,"LAZR":0.9,"SSYS":0.9,"BLDP":0.9,"FCEL":0.9,"XONE":0.9,"APHA":0.9,"PLUG":0.9,"DDD":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369445030,"gmtCreate":1614073200120,"gmtModify":1634551299324,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"TIGERS HUAT AH!!!","listText":"TIGERS HUAT AH!!!","text":"TIGERS HUAT AH!!!","images":[{"img":"https://static.tigerbbs.com/63648ca6098b991481baf5cb65389d34","width":"1200","height":"1600"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369445030","isVote":1,"tweetType":1,"viewCount":575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":119662499,"gmtCreate":1622543051511,"gmtModify":1634100658484,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>tiger to $26 tonight!!! Let's go!!! ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>tiger to $26 tonight!!! Let's go!!! ","text":"$Tiger Brokers(TIGR)$tiger to $26 tonight!!! Let's go!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/119662499","isVote":1,"tweetType":1,"viewCount":1754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132032711,"gmtCreate":1622043981633,"gmtModify":1634184366747,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>go tiger!!! Go back to $40!!!!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>go tiger!!! Go back to $40!!!!","text":"$Tiger Brokers(TIGR)$go tiger!!! Go back to $40!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132032711","isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116459870,"gmtCreate":1622816452090,"gmtModify":1634097705154,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Sold some units for small profits. Hooray","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>Sold some units for small profits. Hooray","text":"$Tiger Brokers(TIGR)$Sold some units for small profits. Hooray","images":[{"img":"https://static.tigerbbs.com/4099657f3094f4bde5db6302919b5b37","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/116459870","isVote":1,"tweetType":1,"viewCount":3619,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":333075892,"gmtCreate":1609153126816,"gmtModify":1703737855318,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FRSX\">$Foresight Autonomous Holdings Ltd.(FRSX)$</a>trading halted for company news. quickly buy!!! Good news?","listText":"<a href=\"https://laohu8.com/S/FRSX\">$Foresight Autonomous Holdings Ltd.(FRSX)$</a>trading halted for company news. quickly buy!!! Good news?","text":"$Foresight Autonomous Holdings Ltd.(FRSX)$trading halted for company news. quickly buy!!! Good news?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/333075892","isVote":1,"tweetType":1,"viewCount":1573,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题,可以获得更多曝光哦~如果您想创作优质文章,请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题,可以获得更多曝光哦~如果您想创作优质文章,请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题,可以获得更多曝光哦~如果您想创作优质文章,请查看老虎社区创作指引"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328357183,"gmtCreate":1615501736942,"gmtModify":1703489982016,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>slow and steady!!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>slow and steady!!","text":"$Tiger Brokers(TIGR)$slow and steady!!","images":[{"img":"https://static.tigerbbs.com/30c19a9d6036a259e59fc203e03c8399","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328357183","isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159583706,"gmtCreate":1624974263105,"gmtModify":1633946337318,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>gooooooo tigerrrrrrr XIAO LAO HU JIAYOU","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>gooooooo tigerrrrrrr XIAO LAO HU JIAYOU","text":"$Tiger Brokers(TIGR)$gooooooo tigerrrrrrr XIAO LAO HU JIAYOU","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159583706","isVote":1,"tweetType":1,"viewCount":2172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184651316,"gmtCreate":1623713843135,"gmtModify":1634029825881,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>up up you go $nio","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>up up you go $nio","text":"$NIO Inc.(NIO)$up up you go $nio","images":[{"img":"https://static.tigerbbs.com/7981072b4a78901eafe038dd39606d3b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/184651316","isVote":1,"tweetType":1,"viewCount":1145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":184667061,"gmtCreate":1623713416653,"gmtModify":1631886394021,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>nice!!!","listText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>nice!!!","text":"$SOS Limited(SOS)$nice!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/184667061","isVote":1,"tweetType":1,"viewCount":1317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132320217,"gmtCreate":1622072965839,"gmtModify":1634184196247,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Huat ah $$$ money come come","listText":"Huat ah $$$ money come come","text":"Huat ah $$$ money come come","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132320217","repostId":"1196961143","repostType":2,"isVote":1,"tweetType":1,"viewCount":1593,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363784562,"gmtCreate":1614173357156,"gmtModify":1634550884219,"author":{"id":"3560831633149758","authorId":"3560831633149758","name":"Bluebear","avatar":"https://static.tigerbbs.com/0ba5d071b58e44ee8f179c3749bd2cf6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3560831633149758","idStr":"3560831633149758"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363784562","repostId":"1185609211","repostType":2,"repost":{"id":"1185609211","kind":"news","pubTimestamp":1614139419,"share":"https://www.laohu8.com/m/news/1185609211?lang=zh_CN&edition=full","pubTime":"2021-02-24 12:03","market":"us","language":"en","title":"Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185609211","media":"TheStreet","summary":"High valuations, margin debt and the ARK effect could lead to more pain for some names. But the sell","content":"<p>High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.</p><p><blockquote>高估值、保证金债务和方舟效应可能会给一些公司带来更多痛苦。但抛售也可能为其他科技公司创造买入机会。</blockquote></p><p> While many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.</p><p><blockquote>尽管许多投机性的Robinhood最爱在过去几周大幅下跌,但它们通常仍远高于两三个月前的交易水平,并且可以说总体上仍然被高估。</blockquote></p><p> For example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.</p><p><blockquote>例如,虽然燃料电池公司普拉格能源(PLUG)、燃料电池能源(FCEL)和巴拉德电力(BLDP)目前分别较最近创下的高点下跌40%、44%和32%,但仍为67%,较三个月前收盘时分别上涨92%和33%。它们的预期销售倍数仍超过40。</blockquote></p><p> Likewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.</p><p><blockquote>同样,3D打印领域3D Systems(DDD)、Stratasys(SSYS)和ExOne(XONE)在过去三个月中分别增长了357%、147%和215%。电动汽车公司QuantumScape(QS)和Luminar Technologies(LAZR)在过去三个月中分别上涨了150%和123%,并且估值仍然很高——QuantumScape预计不会推出固态电池2024年投入生产,价值仍为200亿美元。即将合并的大麻公司Tilray(TLRY)和Aphria(APHA)分别上涨252%和171%,并保持两位数的远期销售倍数。</blockquote></p><p> In a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.</p><p><blockquote>简而言之,一些公司的估值仍然普遍过高,一些投资者仍然拥有大量账面利润,如果当前的抛售让他们感到不安,他们可以将这些利润转化为实际利润。此外,从过去几个月保证金债务余额的飙升来看,如果抛售继续下去,这些公司的许多新投资者可能会因保证金评级而被迫抛售头寸。</blockquote></p><p> Also, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.</p><p><blockquote>此外,其他人指出,ARK Invest的交易活动可能会从各种高市盈率科技股的顺风变成逆风。近几个月来,ARK Innovation ETF(ARKK)和其他ARK基金的巨额散户投资者资金流入推动了ARK偏爱的各种清洁能源、3D打印、软件/云和生物技术公司的大幅上涨。但相反,方舟基金的大量资金外流可能会使此类股票在抛售期间面临比其他情况下更大的抛售压力。</blockquote></p><p> With all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.</p><p><blockquote>综上所述,我目前并不相信当前的抛售是科技股整体熊市的开始。</blockquote></p><p> In spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.</p><p><blockquote>尽管科技领域的某些领域存在投机狂潮,但相当多优质科技公司目前仍处于中等估值或只是有点贵。在疫苗的推出、家庭储蓄水平的提高以及三月份可能出台的额外刺激措施之间,宏观背景看起来仍然有利,尽管一些居家度假的需求可能会在未来几个月有所降温。</blockquote></p><p> <i>Eventually</i>, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.</p><p><blockquote><i>最终</i>、通胀、债券收益率上升和美联储收紧政策可能会成为科技股的总体问题。但我们似乎距离达到这一点还有很长的路要走,就目前而言,美联储仍然一如既往地宽松。</blockquote></p><p> As a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.</p><p><blockquote>因此,如果当前的科技股溃败持续下去,导致非常昂贵和不太昂贵的公司面临更大的抛售压力,那么对于一些价格更合理的公司来说,风险/回报可能会开始看起来非常好。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy the Plunge in More Speculative Tech Stocks Might Not Be Over Yet<blockquote>为什么投机性更强的科技股的暴跌可能尚未结束</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-02-24 12:03</span>\n</p>\n</h4>\n</header>\n<article>\n<p>High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.</p><p><blockquote>高估值、保证金债务和方舟效应可能会给一些公司带来更多痛苦。但抛售也可能为其他科技公司创造买入机会。</blockquote></p><p> While many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.</p><p><blockquote>尽管许多投机性的Robinhood最爱在过去几周大幅下跌,但它们通常仍远高于两三个月前的交易水平,并且可以说总体上仍然被高估。</blockquote></p><p> For example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.</p><p><blockquote>例如,虽然燃料电池公司普拉格能源(PLUG)、燃料电池能源(FCEL)和巴拉德电力(BLDP)目前分别较最近创下的高点下跌40%、44%和32%,但仍为67%,较三个月前收盘时分别上涨92%和33%。它们的预期销售倍数仍超过40。</blockquote></p><p> Likewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.</p><p><blockquote>同样,3D打印领域3D Systems(DDD)、Stratasys(SSYS)和ExOne(XONE)在过去三个月中分别增长了357%、147%和215%。电动汽车公司QuantumScape(QS)和Luminar Technologies(LAZR)在过去三个月中分别上涨了150%和123%,并且估值仍然很高——QuantumScape预计不会推出固态电池2024年投入生产,价值仍为200亿美元。即将合并的大麻公司Tilray(TLRY)和Aphria(APHA)分别上涨252%和171%,并保持两位数的远期销售倍数。</blockquote></p><p> In a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.</p><p><blockquote>简而言之,一些公司的估值仍然普遍过高,一些投资者仍然拥有大量账面利润,如果当前的抛售让他们感到不安,他们可以将这些利润转化为实际利润。此外,从过去几个月保证金债务余额的飙升来看,如果抛售继续下去,这些公司的许多新投资者可能会因保证金评级而被迫抛售头寸。</blockquote></p><p> Also, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.</p><p><blockquote>此外,其他人指出,ARK Invest的交易活动可能会从各种高市盈率科技股的顺风变成逆风。近几个月来,ARK Innovation ETF(ARKK)和其他ARK基金的巨额散户投资者资金流入推动了ARK偏爱的各种清洁能源、3D打印、软件/云和生物技术公司的大幅上涨。但相反,方舟基金的大量资金外流可能会使此类股票在抛售期间面临比其他情况下更大的抛售压力。</blockquote></p><p> With all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.</p><p><blockquote>综上所述,我目前并不相信当前的抛售是科技股整体熊市的开始。</blockquote></p><p> In spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.</p><p><blockquote>尽管科技领域的某些领域存在投机狂潮,但相当多优质科技公司目前仍处于中等估值或只是有点贵。在疫苗的推出、家庭储蓄水平的提高以及三月份可能出台的额外刺激措施之间,宏观背景看起来仍然有利,尽管一些居家度假的需求可能会在未来几个月有所降温。</blockquote></p><p> <i>Eventually</i>, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.</p><p><blockquote><i>最终</i>、通胀、债券收益率上升和美联储收紧政策可能会成为科技股的总体问题。但我们似乎距离达到这一点还有很长的路要走,就目前而言,美联储仍然一如既往地宽松。</blockquote></p><p> As a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.</p><p><blockquote>因此,如果当前的科技股溃败持续下去,导致非常昂贵和不太昂贵的公司面临更大的抛售压力,那么对于一些价格更合理的公司来说,风险/回报可能会开始看起来非常好。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://realmoney.thestreet.com/investing/technology/why-the-plunge-in-more-speculative-tech-stocks-might-not-be-over-yet-15575838\">TheStreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","PLUG":"普拉格能源","SSYS":"Stratasys","DDD":"3D系统","BLDP":"巴拉德动力系统","QS":"Quantumscape Corp.","FCEL":"燃料电池能源","XONE":"BondBloxx Bloomberg One Year Target Duration US Treasury ETF","TLRY":"Tilray Inc.","APHA":"Aphria Inc."},"source_url":"https://realmoney.thestreet.com/investing/technology/why-the-plunge-in-more-speculative-tech-stocks-might-not-be-over-yet-15575838","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185609211","content_text":"High valuations, margin debt and the ARK effect could lead to more pain for some names. But the selloff could also create buying opportunities in other tech companies.\nWhile many speculative Robinhood favorites are down sharply over the last couple of weeks, they're still often well above where they traded two or three months ago, and arguably remain quite overvalued on the whole.\nFor example, while fuel cell plays Plug Power (PLUG) , FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently-set highs, they're still 67%, 92% and 33% from where they closed three months ago. And they each still sport forward sales multiples north of 40.\nLikewise, 3D printing plays 3D Systems (DDD) , Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215%, respectively, over the last three months. EV plays QuantumScape (QS) and Luminar Technologies (LAZR) are up 150% and 123%, respectively, over the last three months and still sport sky-high valuations -- QuantumScape, which doesn't expect to see its solid-state battery enter production until 2024, is still worth $20 billion. And soon-to-merge cannabis plays Tilray (TLRY) and Aphria (APHA) are up 252% and 171%, respectively, and maintain double-digit forward sales multiples.\nIn a nutshell, valuations are still generally stretched for some companies, and some investors still have large paper profits that they could turn into real profits if the current selling unnerves them. In addition, judging bythe spike seenin margin debt balances over the last few months, many newer investors in these companies could be forced to unload their positions due to margin calls if the selling continues.\nAlso, asothers have pointed out, ARK Invest's trading activity could go from being a tailwind for various high-multiple tech stocks to a headwind. In recent months, giant retail investor inflows for the ARK Innovation ETF (ARKK) and other ARK funds have contributed to the huge rallies seen in various clean energy, 3D printing, software/cloud and biotech names that ARK has been partial to. Conversely, though, major outflows for ARK funds could make the selling pressure in such names during a selloff stronger than it otherwise would be.\nWith all that said,I'm not sold at this point on the current selloff being the start of a bear market for tech stocks overall.\nIn spite of the speculative frenzy in some corners of tech, quite a few quality tech names remain moderately-valued or just a little expensive right now. And between vaccine rollouts, elevated household savings levels and the likely arrival of additional stimulus in March, the macro backdrop still looks favorable, though it's possible that some stay-at-home plays see demand cool off a bit in the coming months.\nEventually, inflation, higher bond yields and a tightening Fed could become a problem for tech stocks in general. But we still appear to be a ways away from reaching that point, and for now, the Fed remains as accommodative as ever.\nAs a result, if the current tech rout continues and leads both very expensive and not-so-expensive companies to see more selling pressure, the risk/reward could start looking very good for some of the more reasonably-priced names.","news_type":1,"symbols_score_info":{"ARKK":0.9,"QS":0.9,"LAZR":0.9,"SSYS":0.9,"BLDP":0.9,"FCEL":0.9,"XONE":0.9,"APHA":0.9,"PLUG":0.9,"DDD":0.9,"TLRY":0.9}},"isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}