Novatti - The $1 party, page-3254

Definitely fair enough to think this!

Most of us are in the same boat and have the same views.

To me it just doesn’t seem like there’s enough liquidity and buyers to break through important barriers that short term sellers are creating. To me, this is due to:

1. the recent demise of unprofitable and cash burning businesses. With higher interest rates and potential recession on the cards, people are investing established businesses that make money, or sitting on the sidelines.
2. The overall cyclical nature of sectors within the stock market. Tech had it’s massive rally in 2020 & 2021 to the point where most things were overvalued. it was due for a correction as big investors cycle to other neglected sectors.

When sentiment in the tech sector returns, which it will, as tech is our future, then hopefully bigger buyers will be trying to find undervalued tech stocks, which IMO this fits the bill perfectly.