@Ultrahisham:Oversold market and seasonal tailwinds The markets are deeply and way oversold. No other ways of saying that. Can it go lower? Yes it could. But the probabilities of it rallying upwards in the near term are higher than not based on technicals and sentiment. Sentiments are pretty bearish at the moment and the contrarian trade is up. Technically, both the broad market index and the Nasdaq are pretty much extended in their fifth wave of the fifth wave of what looks like an ending diagonal. And ending diagonals tend to have sharp snapbacks. Indicators also look at stretched oversold levels and pretty ready for a rebound. Inagine a loaded spring. That is what the markets are looking like to me. The Nasdaq has also made a divergence and a higher low compared to the SPX on the micro charts.
@FranklinMorley:$Microsoft(MSFT)$ dip buyers will ultimately be burned - as they have for over a year now. The pain hasn't even begun in earnest yet. Recession inevitable. new lows inevitable. Sure - MSFT may be a great long term buy now. But - most likely it first goes back to trend around 230, possibly 180 when things hit the fan.Big Head and Shoulders forming -- look out below! Totally tanks with the rest of the market when the Fed hikes rates again -- position accordingly!
@Guy:$PLTR $Palantir Technologies Inc.(PLTR)$ is expensive but it provides alpha. The value generated from using Palantir products and software are massive. โA PowerPoint and a steak dinnerโ Foundry provides the bedrock and the ontology for you to build and deploy any applications for your business. This is the value.
@bingoo:$Unity Software Inc.(U)$ If they stop with share dilution funding SBC, and management focuses on cost discipline with ironsource synergy then this will definitely be a multi bagger. What Iโm waiting for is that they incorporate Ziva and Weta into their game engine and beat Unreal Engine 5.1 with respect to nanite and lumen. Thatโs their bread and butter. They need to beat Unreal with the performance and graphics become more refined then I think we have at least a 20-30 bagger. Good luck btw