If it weren’t for the banks being +2% today, this market would be down a lot more.
Tech stocks are cratering early on, down by more than 1.3%. Some of the biggest winners are, in fact, today’s biggest losers. Amongst them include SHOP, HUBS, WIX, NVDA.
Enough of the shit. Tech stocks are wayyyyyy over prices and the sector will get bludgeoned. On Jupiter’s Stone, I fucking promise you, sometime this year the tech sector will make you wish your mother had an abortion and never brought you into this wretched world.
Here are the big cap tech losers for today.
Tomorrow I’ll be readjusting my portfolio to conform with the best path to alpha. I’ve had some decent winners this week, including EHTH, GCAP and DLTH. We’re at an interesting fork in the road here, with both bonds and stocks lower for the day — offering little respite and safe quarters for traders trying to escape the maelstrom.
God willing, this whole ordeal gets sorted out by this afternoon, amidst a 3:30 ramp and we can lavish ourselves in the blue reveries of promise.
If you enjoy the content at iBankCoin, please follow us on Twitter
$COMP $QQQ $SOX – The Massive Distribution Day Of 6/9 On Meaningful Volume Should Not Be Ignored Nor Taken Lightly. Thus Far, Such Seems To Have Been Completely Ignored/Shunned. Tread At Your Own Peril.
What’s the worst fang/faag stock? My vote is for Netflix.
Also, why is gold not up big with the dollar getting hammered?
Think you’re possibly underestimating the combination of all time low volatility (and over-positioning against it), incredible heights of complacency (including the ‘it’s summer’ complacency), as well as president who might have actually just had his first big gaffe in office (e.g., today’s tweets).
Grab’em by their pussy.
That was before he was in office. But yeah, good comparison.
This volatility is likely triggered by the politics surrounding the tax cut bill (comically named “health care” bill). Trump crazy shit is probably beside the point …this is in congress’ hands.
fuck the tech sector. its full of retarted millennials, zombie wealth managers, and insane idealist.
let. them. burn.
When calling a group ‘retarded’, it is important to make sure it is spelled correctly.
Lol – par for the course round here.