Tech stocks wrecked

[LegionnaireJ]

Interactive Brokers lets you do almost anything you want if you have >110K NLV.

Thank you, appreciate it. I'll be taking a look at them.

 

[JayM]

Thank you, appreciate it. I'll be taking a look at them.

PM me if you want a referral code - you get some free IBKR stock and I get a small commission.

 

[Praeses]

I lost 2.5% in the past 48 hours

 

[B-1]

I lost 2.5% in the past 48 hours

In my laymans attempt for stx500 im guessing it will break through that first support and return to the average trend line I drew. Thats another 10% or so to go down.

 

[Vox Populi Vox Dei]

https://twitter.com/x/status/1479003456493047808

 

[Barbarian Conan]

I'll start to be really unhappy if they wipe out the last 6 month's gains.
My big 3, AMD, nVidia and MS are still up 44%, 33% and 13% over the last 3 months.

Ark Innovation ETF is not working out well for me AT ALL though.

 

[rvZA]

Nasdaq lost $1 trillion just this week as bonds spike

The Nasdaq Composite Index has lost nearly $1 trillion this week after the pace of a spike in US bond yields took investors by surprise, fueling expectations of a volatile 2022.

Expensive software makers, biotechs and newly minted stocks have born the brunt of the damage, while Cathie Wood’s ARK Innovation exchange-traded fund, the poster-child of hyper-growth names, has tumbled 9%.

Declines may not be over yet: Nasdaq 100 futures point to a further 0.3% drop on Thursday after the worst two-day rout since March. US 10-year Treasury yields were hovering near to 1.75%, the highest in about 10 months. Volumes on the main indexes remained thin and well below levels of mid-December when the Federal Reserve’s hawkish tilt turned markets volatile.

Higher rates reduce the present value of future earnings, weighing especially on shares of highly valued, fast-growing companies. Zscaler, Datadog, Peloton Interactive and Crowdstrike Holdings have lost between 10% and 18% this week.

Higher prices and improved grades help Harmony almost double its free cash flow in SA | Business

www.news24.com

It is about to lose quite a few Trillions more this year. Everyone invested in any US stock will eventually give up some money or profits...

 

[JayM]

I'll start to be really unhappy if they wipe out the last 6 month's gains.
My big 3, AMD, nVidia and MS are still up 44%, 33% and 13% over the last 3 months.

Ark Innovation ETF is not working out well for me AT ALL though.

Yeah very happy to see the back of all my ARK holdings. Some terrible plays caused me to sell before this rout, but still made a small loss on them.

 

[JayM]

Nasdaq lost $1 trillion just this week as bonds spike

Higher prices and improved grades help Harmony almost double its free cash flow in SA | Business

www.news24.com

It is about to lose quite a few Trillions more this year. Everyone invested in any US stock will eventually give up some money or profits...

SQQQ then. Easy bucks: