This chart is a good reminder what is happening under the hood. While Nasdaq and S&P are forming all time highs, many of the high flying stocks have fallen 50-70% from their recent peaks. Maybe on hindsight, February 2021 had been the blowoff top for many stocks. The Fed is taking more and more about normalisation of monetary policy i.e. they are taking away the punch bowl in this liquidity party. Increasing evidence that we are perhaps seeing the last leg of this bull market. One that has raged on for many years. Whatever you buy from here, just keep this at the back of your mind. Start thinking about risk management. Stay safe. Markets rise and markets fall. Live through the next downturn and make money again in the next bull market! [得意]
$Alibaba(BABA)$ looks like most of the Chinese tech stocks are resuming their down trend. However, some technical analysts believe that since they have already declined so much, when the market starts correcting, these stocks might actually go down less. Let's see what happens and where the share price settles.
$Alibaba(BABA)$ Not sure if this is a value stock or value trap. Valuations are at multi year lows now but maybe this isn't the business it used to be. That's what so hard about investing. Trying to find the truth in the midst if uncertainty about the future. Would you rather buy a stock that is trending up or trending down like this one? [疑问]
From my personal experience bottom fishing can be pretty painful. But this guy is an experienced value investor. Worth keeping an eye out on subsequent developments on Moderna.
$ProShares UltraPro Short QQQ(SQQQ)$ Nasdaq is slowly but surely breaking down. It has definitively cut below the 200 day moving average. This last time it happened was leafing up to 2008 crisis. Index has already corrected more than 15% from recent peak. I think easily another 15% from here.
$SILJ 20220218 14.0 CALL(SILJ)$ new position for me. Silver seems to be moving up finally. This should be good for silver miners. Hopefully this time is for real! [笑哭]