Netflix: dropped over $100 per share from $418 down to $316 Facebook: dropped over $40 per share from $217 down to $173. Even Google has fallen down over $50 per share recently. Tech stocks have been booming for a long time, but now I'm seeing this. What is happening? My friends are seeing it, too. One of them keeps bragging to me about how he sold all his Netflix at $402 before it really went off the cliff and down in the low $300s this week. I'm so jealous! He told me he was using his money as a down payment for the new Tesla. I was so mad! I want to sell it all, but I've been following investing and know that time in the market beats timing the market. I know that. I just wish I could get that money back. How much further can it go down?
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Wow, that was a long story and weakly related to the question... :)
You're so oblivious to what is happening in the market right now. This is happening everywhere. And you're more worried about my story? How many of your friends were invested in Netflix or Facebook? Ask them how their portfolios are doing over the last quarter. Real people are losing real money. You are one to judge!
Woah you need to chill bro
Don’t let the ups and downs bother you much...a market correction was due and that’s what we’re likely seeing. Stay in it for the long run.
If one correction is due, then there must be more corrections in the future, right? Do you think some corrections will be bigger than others?
You cannot time the market. If you believe in the company just buy more stock and don’t worry about corrections. What goes up comes down and vice versa.
They’ll bounce back shortly. Market had a crazy few weeks thanks to trump
How do you know they will bounce back shortly? Also, I agree that Trump really roils the stock market, but it has also done really well with him. I'm not sure we can blame anything on Trump.
Honestly. We should be in a depression by now, based on what I was told at election time
If your company is growing over 30%, your stock will be fine. If there is a slowdown in top or bottom line, your stock will take a bigger hit than the rest of the market. PE’s are high but not as high as pre Great Recession in 2008-09, so a light correction is a feature not a bug.
Netflix has been growing over 30% and its stock just went DOWN by about 25% How does that make sense?
Did you see NFLX PE? AMZN? TSLA? SNAP? GOOG?
Turkey is imploding, interest rates are rising, the real estate market might be turning, there's a lot of uncertainty about trade, China might be hitting a slow patch. It's called The Economic Cycle, and we're probably close to the peak.
Privacy. For years tech assumed if the cost was free then privacy wasn't a concern. Data breaches, Facebook "deception" and the general understanding that all data IS NOT created equal is what I suspect is behind it.
Do you think it might get worse?
OP.. if you are new in stock market and worried about volatility or falling down of expensive stocks, you need to do some reading.
I did some reading. I read about the tech bubble of the early 2000s when stocks went down 70%, 80%, 100% some of them. I also experienced the crash and lost a lot. Is that what you wanted me to read about? The crash?
I want you to read about how much rate of return you can get over long term by buying expensive shares and the concept of mean reversion.
Will Netflix go down further? Already lost 1k in downturn
Phew. Be glad you only lost 1k. Some of us lost much more money when these stocks went down. I guess it could go down further, couldn't it?
I bought Netflix when it was $419!
In 2012 I bought nflx at 160s and 170s(pre split). It dropped all the way to 70. Was losing 10k on paper. I held on to stock. Did not regret. Having said that if you buy individual stocks be prepared to face its risk.
To be fair, Apple stock has been on a tear. With that said, I feel your NFLX pain.
Yeah, I really wish I bought into Apple earlier. You must be pretty smart!
Lucky is the word.