Big Tech

[fenders53]

(09-03-2020, 05:57 PM)divmenow Wrote:

(09-03-2020, 05:52 PM)fenders53 Wrote:

(09-03-2020, 02:32 PM)EricL Wrote: Today's update on tech stocks...

Good one Eric, LMAO.  I'm trying to feel sad but where are they now, a new 7 day low?    
 
Heard the FAB five lost like $500B in total market cap today.  That's the entire market cap of five pretty large companies to put it in perspective.  It's just paper losses though.  I hate it when people say that to me lol.

I did say tech was about to correct and teach those young traders a lesson lol. But at the same time get ready to get back in soon

Let’s not forget a lot of stocks were down big today like LOW and HD

Always about the timing with high flyers.  If you didn't buy this week you're still good on most of them.  I am laying off retail unless they really get whacked.  If they do there will be a lot of deals.  Not counting my chickens though.  They could be flying high again before the close tomorrow.   Pretty sure I've never seen QQQ this overbought for 20 years.  I have a lot of cash, mostly because  I left my expired options alone from last week.  I just had a feeling and got lucky this time.  I really do need to nibble some tech if I get a chance.