Monday, July 30, 2018: “The Big Tech Selloff of Summer 2018!”




Putting It All Into Perspective

DOW -144.23—-NASDAQ -107.42—-SP500 -16.22—-NYSE -17.91




Portfolio Winners: T (the lone winner)
Portfolio Losers: SDR, SHOP, NFLX

There’s no doubt there was a big selloff in tech stocks today, and Facebook and Netflix continued to drop further.

Here’s the thing… analysts are gossiping about a big drop in stocks, but Warren Buffett… he doesn’t seem to be worried much. You gotta keep looking at the big picture and the fundamentals of each company, regardless if the stock tanked.

It could mean that the drop is a golden opportunity to get in at a discount price!

Don’t quote me, but I might even take out an equity loan to buy stocks when the price and timing is right.

But my rule of thumb is to always keep a certain amount of liquidity in cash, for emergencies as well as opportunities to buy stocks at lower prices.

Consider it a blessing that certain stocks of great companies are now affordable? Just a thought…

Needless to say, it was a terrible day on the stock market, as evidence of the trade wars are REALLY affecting certain American companies.




Stocks on the Radar

American Eagle Outfitters (AEO)
finviz dynamic chart for  AEO
Nike (NKE)
finviz dynamic chart for  NKE
Advanced Micro Devices (AMD)
finviz dynamic chart for  AMD
AT&T (T)
finviz dynamic chart for  T

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Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

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