Price movement vs earning reports:- Uber; Roku and Airbnb
There are three shares that I have followed due to some market highlight. Namely Uber; Airbnb and Roku. Of the three, I owned Roku and Airbnb through option assignment. First I would like to comment on the observation of the stocks in relation to the current market sentiment and leave the readers to digest these general observations.US market has went through a huge dipped in first half of 2022 with index pointing to 'extreme fear'. The plunge was so great and fast that almost it was almost quite difficult for retail investors to react to the price drop to take enough time to really think 'what's the next step'. MARKET NEWS seems to DOMINATE and feeds that extreme fear. Every price movement were capped on the upside. Doom and gloom camps are over YouTube (with also bull
This rebound is necessary for:- the oversold of shares for past weeks resulted funds has to cover back by buying back shares that they do not own. Shares cannot be short sell to zero and not covered back. Borrow shares without returning is stealing. Rebound will not be very long as it's still a bear market, when the funds had their covering, it's just a matter of time, they use 'bad news' to short counters again.True bull run will only come when Fed do a QE or when the valuation is appropriate and economy is recovering.Key for now is:- taking the current plunge and May/June plunge to understand the bottoming of company share price movement. Buy into the dip.
I am skeptical on crypto. If you HAVE to invest on crypto, please be prepared with a mindset that IF this asset can end up 'negligible' value (If not '$0'). The upside of risk of buying a company in crash is it recovers and shoot up. But the absolute downside is, the company went BUSTED and NEVER returns. Many often think of buying dip but few understand the consequence of asset being BUSTED. I still believe there are assets having value, but not on things with speculative but no true intrinsic value. Can we buy bread and butter now with a crypto coin?At the moment, crypto is frozen in trading.