The decline in tech stocks indicates a possible trend reversal that investors should monitor closely. Gold's potential bottom could signal a shift towards precious metals as a safe haven. What strategies are you considering to navigate these market conditions effectively?
I’m watching gold oil this week for bottoms and in a market like this I’m looking for undervalued plays or stocks on sale for buy and hold opportunities or simple swing trades.
Thank you, Sage!! It may have found a bottom however the stock is overvalued here meaning it’s not on sale, it’s trading at a premium.
Morningstar has the fair value of the stock at $62. Right now it’s trading at $164 so it’s at a 165% premium. I would wait personally.
I think it’s also getting inducted into the Nasdaq-100 (QQQ) so that could creating buying pressure and the stock to go up but idk for certain. No one does!
The decline in tech stocks indicates a possible trend reversal that investors should monitor closely. Gold's potential bottom could signal a shift towards precious metals as a safe haven. What strategies are you considering to navigate these market conditions effectively?
I’m watching gold oil this week for bottoms and in a market like this I’m looking for undervalued plays or stocks on sale for buy and hold opportunities or simple swing trades.
Great summary! Thoughts on SPCX? Limit order or manual buy when we sense it’s at a bottom?
Thank you, Sage!! It may have found a bottom however the stock is overvalued here meaning it’s not on sale, it’s trading at a premium.
Morningstar has the fair value of the stock at $62. Right now it’s trading at $164 so it’s at a 165% premium. I would wait personally.
I think it’s also getting inducted into the Nasdaq-100 (QQQ) so that could creating buying pressure and the stock to go up but idk for certain. No one does!
thank you, Sage!
i’m waiting on SPCX for now since its overvlaued!