Tech Sector Wacked Again! - Trading Journal (9.09.20)

I will be a bit more transparent here, the fact that I am focused on so much as to tech, qqq, is the fact that majority of my investment is in tech. Although I am not heavily invested in FANG the fact that AAPL and TSLA is nose diving after the split is trickling on all tech stocks.

My worse to date is investment in $WORK. The company reported earnings that were on par but growth lagged expectations. As high growth theme is with tech the company's stock crashed to a year low of $23.xx. I had accumulated shares at around $34. Trust me the buy low and sell high will once in awhile be the reverse for any trader, that is apart of the game.

As of now a lot of attention has grown in value stocks supposedly on the premises they are cheaper than tech. Time will tell if this holds true, but for now I keep a positive outlook in my investments and will post in the future how to recoup some if not all my loses in $WORK and other tech stocks I own.

Side note people have reference the past 4:1 split in Qualcomm that resulted in stagnant growth in stock appreciation.

Yet they conveniently neglected to show Apple's past 7 to 1 split in 2014.

Ignore the recent Apple split and even 2020 gains the stock still had a massive bull run from $100/share to close to $350/share. Post recent split it would be $20/share in 2014 versus over $75/share near end of 2019! Almost four times the investment in five years. Some appreciation.

The current DIX is still below 40 and the GEX is at a low to near negative. The markets are still fragile but shorter time frames it is oversold. Will have to see how this plays out in the next session but three massive drops in QQQ has already consumed over 10% in decline.

Posted Using LeoFinance