NASDAQ high tech stocks in major correction mode. Somewhere soon should be a good buying opportunity
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wow, yah, IQ is back down to where it initially listed day 1. From 18.20 up 120+% to $40 and now back at 18.40. It seems like the trade war is escalating again too :-)

Some of the recent IPO's the last month or two have gone crazy too. Zoom (ZM) and as somebody mentioned already Beyond Meat was up 163% on day one.
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Whoever posted that thread about Tesla introducing pickups is on my bad list. I bought some Tesla stock as a result, and am down about 30 percent since then.
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I'm a huge fan of Tesla, but I'd never own that stock. They're a long way from stability.
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Ding. Ding. Ding.

Separating company and ideas from stock and business management. You'll go far son. Very far.
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I'd be careful with BYND now. For me, that was a very short term play on it's opening and the type of people who were sure to line up to jump on it's initial bandwagon out of emotion. Based on its market and level of development, I wouldn't be surprised if it slowly leveled off and just hung out for quite some time.

On the other hand, if/when ASF breaks out in the US it then becomes something to grab fast to hopefully ride out another quick emotional play.
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People always mock us visionaries.
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Market is up this morning and BYND is struggling. That’s not a great sign
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It probably never should have been anywhere near the 90s, but YAY for no meat and all that healthy horse shit. Reality will sink in and settle it out wherever it belongs.

Like mentioned above, an ASF outbreak or some other big meat production issue/scare is what will keep BYND in the back of my mind for another quick play. Inspectors being in the fields doing product use checks tells me the ASF risk is much higher than they're letting it appear it is. Rumors coming out of some large complex units with deep connections are worried some insurance companies will not even be able to handle the losses when they happen.

There are quite a few plays to be made around the ASF scare but playing with commodities is like sticking your dick in crazy, so enter at your own risk. The plays would also depend on whether or not China lets some of its people starve or begins importing other protein sources in large amounts. It'll be fun times with massive amounts of money to be made and lost in a short amount of time.
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I thought this was a really interesting article that mentions BYND as one of its stocks. I'm intrigued by the concept.

https://www.cnn.com/2019/05/20/inves...cks/index.html
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*&!#@! I bought some QCOM yesterday based on this article, and it's down 10 percent today. I must be the only person on the planet who has lost money on that stock this year.
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It is hard for me to believe BYND wouldn't crash... people are likely to try it once, but I don't expect a lot of return customers.
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IQ set to open around $18 today.

Lulz
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I absolutely SUCK at buying individual stocks. Part of the issue is that it’s been easier for me to understand and to bet on my own business vs someone else’s. Maybe when I fully retire, I’ll be more focused and capable of immersing myself into this world. Until then, I’ll live vicariously through this thread and you guys :-)
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I dabble in it, but mostly do low-fee index funds. The problem with individual stocks is that you not only have to know when to buy, you have to know when to sell. Fuck up either end of that equation, and you're not going to come out well.

And, frankly, I don't have the time to research and monitor all that stuff on an ongoing basis.
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