sorry I wasn’t clear I was referring to US stocks. Everything major has crashed. Even Verizon and McDonald’s.
Seems that way for sure
Unless there is a sentiment change, the next stop looks like 309 levels. Its not actually that bad considering that level is only achieved on Jul 9th.
Which is around 1545 USD pre-split price. Which I think was a resistance originally, so it makes sense.
1 Like
Honestly I can now see what Benjamin Graham was talking about when he wrote about Mr Market in his book Intelligent Investor. The market is nuts, you have to take advantage of these times.
1 Like
Bit of supplementation for my previous comment re: Institutions (note the date of change);
Most are now below 5%, which I would guess is the threshold going by these numbers, so perhaps Capital World still to shed a bit more weight.
But look at BG’s change. 19.2m x ~$2,200… you’re talking somewhere around $42bn coming out of the company. Ouch!
it won’t reach that level unless whole market drops like a rock.
$350
So did anyone buy tesla at 372
1 Like
still confident for 350
I am, one of these lines.
So 355, 320, 260, or 180 (where it should probably be if it wasn’t hyped so much)
Who knows what Tuesday will bring. I wasnt expecting such a fast bounce today. Could be a massive bull trap.
All stocks seemed to recover to an extent, so it might just be a warning for now.
The pullback to the current value doesn’t seem like a full correction at all. I want that daily RSI below 30.
1 Like
Not sure i follow all these charts, interesting though. I have a small holding with Tesla, average price £180. Would like to buy more, do i just buy a little every know & then or wait for a serious drop, not sure it’ll go back down to what i got in at!
what 1am will end on, who needs NFLX
Looks like Tesla missed out on S&P 500 inclusion today, in a surprise Etsy and couple others got in today instead. dropping after hours for that reason no doubt.
1 Like
Does that mean the s&p thing isn’t going to happen at all? Or could it happen next week.
Also what are the advantages/disadvantages of being included in the s&p? Does it mean stonk instantly go up?
Get ready for stock-o-geddon part 2.
In theory it usually results in stock going up, one of the key reasons being that all the tracker funds that hold the S&P500 have to buy Tesla shares.
Lads what happened to the s&p hehehe
It didn’t get added yet. It’s not the be all and end of shares. So what company is the biggest in your portfolio?
No Tech for sure. I am interested in KLA, if it comes down a bit more I will buy that. It’s fairly well valued ATM tbh. I’m going pretty heavy on Oil, insurance and telecoms (I know you can classify it as tech but it’s not in the bubble, which makes no sense considering its dependency during Covid).
I think to make gains you have to go against the grain, we can’t all be 1% percenters investing in Tesla, life isn’t that simple.
Maybe I’m wrong.
1 Like