NewPower
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For semi-conductor stock, TSMC is always my top choice giving its dominance in high end chips (TSMC supplies 92% of the world most advanced chips of 7nm and 5nm) and is the world most valuable semiconductor company. My confidence in this stock remains strong giving the very positive earning outlook from the management recently. Although I am pessimistic with the current stock market (I personally believe the stock market can drop another 10 to 15%), I will begin to buy the dip in TSMC (starting small) and continue to buy more if drop further. This is because these few days there are too many negative news around this stock which in my opinion presenting a good buying opportunity eg. Samsung beats TSMC to mass produce 3nm chips (the fact is Samsung still far behind TSMC in term of the produ
My trade plan today is take a short break. I am highly suspect that today is another dead cat bound however the momentum is weak and their might be another round of rebound on next Tuesday. I will take a short position when the rebound momentum is strong and buy back during a sea of red. To be clear I am pessimistic about the market based on two main factors: First the inflation might reach another new high due to supply chain disruption (especially the zero COVID polycy in China) and increasing the interest rate and lower money supply is targeting on demand side. Secondly the war will continue accelerated the high oil price and food shortage thus causing even more inflation pressure. My current trade plan is short during strong rebound and buy back during a sea of red.
US economy just getting stronger and stronger. It is funny to see the so call experts eg Wong KH still continue trying to brainwashed is about the immenent recession [LOL]
U.S. Nonfarm Payrolls Jump 339,000 in May, Unemployment Rate Increases to 3.7%
Happy 8th anniversary Tiger. I still remember the day my best friend recommended me to use Tiger because it is more user friendly and cheaper in fee. Moreover we can earn tigr coins to exchange for stock vocher and commission free card. I joined and not only me getting the free stock my friend got prize too. Since then had been using Tiger to trade US stocks the experience is good 👍 and I will definitely use Tiger for a long time to come 😊.
Despite all the naysayers keep on brainwashing us with the talk of inevitable recession due to US bad economy conditions, times and times again, the figures keep showing otherwise, the US economy is indeed and proving to be the most resilient and vibrant economy of the world, with the next power engine of growth coming from the likes of ChatGPT. On the other hand, the media and the so called experts eg. Dr W and AK keep on
Private Payrolls Surged By 296,000 in April, Much Higher Than Expected, ADP Says
Against almost ALL prediction from the so called experts, the US economy is growing from strength to strength. The more pessimistic from the so called economists, the stronger the US economy. This is what is happing since forth quarter last year.
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At the end of last year, ALL the so called experts screaming Recession for US this year. I can't help but ask: Recession? WHERE IS THE RECESSION???
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My plan today is to buy gradually during market correction. Besides my 3 babies Apple, Tesla and TSMC, I will also pay attention to growth tech stocks eg. Palanthir. History taught us buying gradually (3 to 4 times) during market correction is a safer bet. For example Robinhood is now around $11 dropping from all time high of $85. Buy good stocks during market low and hold until the stock is overprice (when the reasons for buying is disappear) is my investment philosophy. Cheers!
Historically, the second stage of bull market (which will last 9 months to 2 years) is the most difficult stage to earn money during the entire bull market cycle. This is because it is a flat market and thus the stategy is to buy at the support and sell at resistance. Of course many other factors eg. market sentiment need to be considered when making the buy sell desision. I personally will only start buying gradually when the index is down around 15%. What is your strategy for the market correction? Why? Please kindly comment. Thanks.
Opinion: Why any stock market rally right now will be quick
@Alvin 邹咏翰 @Adam Khoo When the investment in Alibaba was brought up; in response, Munger noted that investment in Alibaba was “one of the worst mistakes I ever made.” He adds, “I never stopped to think [Alibaba] was still a retailer. It’s going to be a competitive business.”
I am bearish with the short term price movement of cryptocurrencies eg. bitcoin and dogecoin. The reason being the uptrend prices rise too steeply causing many investors especially the newbies being trapped (they will be readily liquated their holdings when prices rise). Another reason being the downward price movement is too impulsive causing many leverage positions being closeout. It is slightly better for ETH. However the best case scenario in short term is for ETH to go sideways with strong support at 1900. Be accountable with our own crypto trade, trade cautiously and trade only with money you afford to lose. Cheers!
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US economy is strong......
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I believe the correction is not over yet. During the second stage of bull market, the correction can range from 10 to 20%. Be patient and stay on sideline to watch. Trade cautiously. Please comment. Thanks.
Tech Stock Crash -- Buy These 2 Growth Stocks on the Dip
Whatever the outcome, Apple is still the most prominent stock in the many years to come. What do you think? Let me know and comment.
Apple and Epic Games Trial Has Started. What to Know
I said it since end of last year: Recession? Where is the RECESSION??? From experience, when almost 100% of the so called experts so convincingly proclaimed there will be recession next year, it will be quite safe to bet against it. Remember it is the minority that will be winners in the stock market.
U.S. Q2 GDP Rose 2.4%, Topping Expectations Despite Recession Calls
In my opinion, now is not the time to buy stockbecause the market correction is still underway. I will be patiently waiting at the sideline since now might be the calm before the storm. Cheers!
Wall Street ekes out gain as weekly jobless claims fall
Long awaited correction is underway. Don't buy stocks now, wait until the stock bottoming. Trade cautiously and good luck. Please comment. Thank you.
Coinbase earnings: The crypto platform's stock could see 65% skid as competition picks up, says one analyst
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