Down around 2% in all indices. IWM a little more. After learning more the CV (Corona Virus), it is hard to get rid of it as it seems. China tried to open and close cities/districts numerous times on re-occurring the spread of the virus. The re-opening of the economy wont be a V-shaped. There were increasing demand by politicians of the west to hold China accountable. The disaster, brought upon to the world by China, is unprecedented and may be comparable to the Great Depression. What do you expect the people who suffered feel about China and Chinese. A backlash is expected.
Crude oil is down 38% (down 56% by noon) this morning! The world realized there is not a lot of demand.
Portfolio
- NVDA - Get out because it seems it is still a semi-conductor stock, not a steady fast growth company.
- PINS - Sell because it is too dependent on Ad sales.
- OKTA - Great growth story
- AAXN - Growth stock with no competition, increasingly expand their business from Tasers to body cameras, to cloud offerings
- ROKU - this OS for smart TVs (1/3 of all TVs have their OS). They get paid on hours streamed.
- EBAY - the most boring stock there is with no growth prospect. Sold PayPal, and there is nothing exciting about it. It rallied 15 days in a row! Short?
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