Market Pullback - What to do?

Axekay
2023-08-24

When the price of S&P500, $Palantir Technologies Inc.(PLTR)$ $Tesla Motors(TSLA)$ $Alibaba(BABA)$ and other China stocks went for a free fall, what is your first reaction? Sell your stock to cut losses and prevent further fall?


Don't! A market pullback is a common and expected phenomeon in the stock market. Price is expected to go up and down, not merely linearly up. THIS IS THE BEST TIME TO BUILD UP THE POSITION IN YOUR FAVOURITE STOCKS AND EARN BIG! For me, I have added my positions in S&P500, PLTR, BABA when they fell more than 10%.


Now that the uptrend has just begun, I hope that the courageous ones have been rewarded. If not, I hope you remember this post and be the courageous one when the next market pullback happens. [Miser] [Miser] [Cool] [Cool] 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • frostiix
    2023-08-24
    frostiix

    PLTR is many years ahead of competition and just a matter of time. May take a few months or few years, but in 5 years everyone will look back and wish they had bought today. Buy and put in a dark cabinet.

    • Axekay: 
      Good luck to all of us in 5 years' time 😁
    • Axekay: 
      Yes truly agree! Was pleasantly surprised by the free fall of $Palantir Technologies Inc.(PLTR)$ share price despite the release of good earning report and share buyback plan. This can only mean one thing - Shopping spree for good stocks! [Miser] [Miser]
  • kookiz
    2023-08-24
    kookiz

    SNOW is more solid than PLTR. It’s very obvious in reaction to snow earnings vs pltr earnings. Pltr met or beat and went down. Pltr will never climb to the heights you longs want because Karp didn’t play Wallstreets game and let them in early. Being idealistic made you miss out

    • Axekay: 
      Personally i use SNOW software and find its features ordinary. Pltr operates differently - they provide the AI model and tech for companies to use seamlessly for analytics, and its equity value is still much lower than the big giants - more room for greater growth in share price.
  • zookie
    2023-08-24
    zookie

    PLTR was oversold to begin with, had been stabilizing for a week, and was waiting for some positive news to pop up. Not a surprise.

    • Axekay: 
      Yes, good things will come eventually [Miser]
  • cheerzy
    2023-09-02
    cheerzy

    A single institutional downgrade is never nearly as bad as a guidance downgrade by the company. and I haven't seen a guidance downgrade by PLTR.

    • Axekay: 
      yes, and an institution can downgrade and upgrade purely based on stock price movement (we see that all too often)
  • bubblyx
    2023-09-02
    bubblyx

    PLTR is a CIA company case closed. You have to be the dumbest bear short pumper to think you're going to win with this one. Longs have a fantastic weekend.🍷😉

    • Axekay: 
      may I trouble you to explain what does it mean by CIA company? But yes, whoever trying to short it is playing with fire [shy]
  • frosti
    2023-09-02
    frosti

    MS raises price target from 8.00 to 9.00. If we get there it would be spectacular for people to get a chance to buy at a good price.

    • Axekay: 
      the last time i reached to 8/9 was when there was heavy stock based compensation and in loss making position. doubt it will happen again
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