$Procter & Gamble (PG.US)$i always look at pg and msft (and aapl sometimes) for relative valuation of defense and tech/momentum stocks. Right now msft is about 10% more expensive than pg based on foward p/e. valuation risk of tech is removed, but the market appears to be very concerned of tech earnings risks given the terrible technicals. there seems no bull case for tech.
$Alibaba (BABA.US)$While the entire US market fell, the BABA US sheep remained very steady. Yet again maintained above 130. In fact it didn’t drop below 131.
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Thelord
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maybe the money going to rotate into china next
103780461
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it's a pendulum, investors are swinging between US and Asia or other part of the world. I look forward to seeing green in $Alibaba (BABA.US)$ soon
$Alibaba (BABA.US)$When this shit crashes to 120, we will see comments like “should I sell?”, “What’s happening?”. Greedy bulls will shit on pants. Be patient and buy at 120+. Mark my words.
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Towlboi
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In what world does anybody important panic at a 10% drop?
luckily i ran before it goes down
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