The past few market days, plus even this long weekend I have posted several times that there would be large scale tech bleed, and that it would continue across the board in stuff like $Microsoft
, $ZOOM VIDEO
and I also said that the worst bleed of all would be $TESLA
. I even mentioned how it would continue to effect stocks like $Target
as well. If you are long in any of these companies and you believe they will show growth for years. Then in my opinion it is not wise to plan an exit now after these losses. That was a good plan awhile ago. Just relax, live your life and wait this correction out.
If you are looking for entry points, then I would say, wait, but pay close attention to your shopping list. If you are nervous about catching the perfect dip price, don't attempt too, just pick your own price target and enter at it. Don't live in regrets, of what you could have bought and at what price. Profits are positive no matter what size of profits are produced.
However, I have to say again, in my opinion this bleed isn't fully over yet, this is a large rotation of correction affecting much more than just the tech sector alone. It is just impacting the most extremely overvalued sector in the market the worst. This was going to happen inevitably.
Take this time to shop stocks in other sectors that are undervalued, get some recovery stocks, get some growth stocks outside of tech, but most importantly, use this time to read, learn from mistakes and become a better investor. You will be well rewarded with your time and efforts.
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