I did exactly the same on the IBM deal and won't be doing that again. Glad I wasn't the only one
40% of the Nasdaq is 50% or more off their highs.
The shift to cyclicals has been profound.
You have to wonder about the fundies sometimes - are they really going to bet against tech over the longer term because there is a chance that interest rates might go to 2%? It's madness - there are too many great companies with massive growth and earnings. Examples.
Twillio
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It will be interesting if/when this correct itself - massive opportunity for retail IMO - the lemmings on Wall St will have to switch focus at some stage. And unless there is a black swan type event I just can't help but think that this will all very violently turn the other way. Which will bode well for all tech including AXE. What happens to the pressure on prices when all the boats are unloaded and the shops are full of stock they can't sell?
Of course it could always go lower!
Not fin advice - DYOR - IMO - good luck all.
Source of charts - Frazis Capital.
(20min delay)