I do actually believe a meltdown is nearing by years end, or possibly near the beginning of 2019. I believe the market could fall back nearly 60-70% when this happens, but I think some sectors (such as tech) may not be as heavily affected by this drawback.
I think stocks are being artificially pumped by companies buying their stock back... mainly the larger companies like Apple, IBM, FB, GE, etc. I think these kinds of 'giants' are going to see significant drawbacks while some of the other sectors like tech, marijuana and biotech will only fall back slighly (maybe 15%) or even flourish.
One thing for certain is that I don't know for sure. But the stock market is long overdue for a healthy correction and I believe it to be coming sooner than later. I am not going to liquidize my holdings because I am confident that the stocks I own are not going to fall significantly back... FYI my holdings are mainly in Biotech and tech
Appreciate the reply. I agree with you. Curious if you know of Nutanix. Also do you think that pull back in January was a healthy pullback, just a volitile fluctuation, or an ominous sign of things to come?
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I have heard of NTNX; seems as though the stock has been on a good run. If the price rebounds (near ATH's) then it may not be a bad idea to dump and buy back in when the price dips again.
I think the market shifts in January were market insiders shaking up the bag a little. Market insiders like to do this to get the everyday investors (like you and I) scared about what's to come. They are able to fluctuate the price of a stock quite easily which then allows for fear to set in for shareholders-- spurring panic sells.
With that said, I think January was an artificial and volatile fluctuation in tandem with ominous signs to come
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Yeah, it seems aside from its IPO NTNX was forgotten about by big MMs and ETFs, but since its quarterly report late last year seems to be a bit of a darling, and often not only volatile but manipulated like you say. Thanks for your time. All market down yesterday but yet it was up 3%. But then a few weeks ago the market shifted up, and NTNX was down over 5%. I though about selling at 63$ back in June, but i am long on this stock. Trying to keep a long term investment to avoid higher tax rate and don't like the stress of day trading, plus i live in Cambodia so the timing is way off to do so effectively. But then again, i could've made enough and bought back in again and paid my taxes for the years just with the gains since i sold at $38 last year and bought back in at $32... Ah well, hindsight is always 20\20.
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