Stocks that will dip 50% or more in 2022?
We've already seen a 30~50% market correction on some overvalued stocks like PLTR, DASH, PTON, ZM, RBLX in the second half of 2021.
What stocks do you think can further crash by 50% or more in 2022?
Some companies that I'm bearish on
$Rivian Automotive (RIVN.US)$ and $Lucid Group (LCID.US)$ - Self explanatory. Still valued similarly as auto makers like BMW/GM/Daimler while selling less than 1% of their cars.
$Grab Holdings (GRAB.US)$ - Overvalued SEA raid hailing service. Valued at 25b with a 2b revenue while losing 2.7b last year. To compare, Uber is valued at 40b and made 14.8b last year with more or less the same losses.
$Snowflake (SNOW.US)$ - Insanely overvalued for a data cloud company. Still don't understand what's their unique selling point apart from the fact that Buffett invested early on. NET and CRWD comes to mind as well.
$Palo Alto Networks (PANW.US)$ - Seems to be driven by momentum and nothing else. Still trying to understand why everyone is saying security will be the next big thing in 2022.
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