$Pfizer(PFE)$Selling in May and going away would have done it's magic for this one. In thiskind of macro, whether growth or dividend play all gets crushed
$GitLab, Inc.(GTLB)$Bought too early, even with great results the bounce up was not strongenough to cover back to my break even point. Macro sentiments still jittery and it doesn't matter much when you are in an industry that is being sold off. Results do matter but matter less in a poor sentiment environment.
$GitLab, Inc.(GTLB)$Thank you so much for your fickleness Mr Market.Nevertheless small position and some of the value paid by stock vouchers. Still money though.Remains to be seen if the markets for growth stock will consolidate while broad indices fall. As we know in huge financial crisis, the risky assets usually sell off to their lows couple of months before the broad indices make their lows.Let's have a bit of Hopium [Smile]
The market will continue to stay weak before the FOMC meeting on 4-5 May. Once the Fed hikes the rate by 50bps as anticipated by the market, there should be a temporary relief to prices in the short term.However, uncertainties will be an overhanging concern arising from the China restrictions, Ukraine war and the uncertainty from future fedrate hikes.IMHO, in order for sustainable recovery forward, the most important factor is China lifting the covid restrictions to ease the supply disruptions causing the cost push inflation experienced by the world now. Ukraine war ending will have a beneficial effect as they are also a world supplier of wheat and other commodities that can drive up costs. And lastly, it will help if theFed provides a fixed dot plot schedule of hikes instead of giving vag
$Grab Holdings(GRAB)$Anyone notice grab isvery close to the 52 week low? It could be a chance for a technical rebounce off the low or it could very well slice through the low. Stock is moving slowly reminds me for SGX stocks but mini the fact that you can trade this with almost zero to low commissions this time round.