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This does mean that Elon bought twitter with the worst timing possible. If he had waited just a bit he could have bought it for much much less.

If this continues, if all of Poal chips in together we can buy facebook four months from now.

The good news is BlackRock is a major owner in each of these. The bad news is BlackRock is integrated with the Fed now and money isn't really an object for them so they probably don't care.

This does mean that Elon bought twitter with the worst timing possible. If he had waited just a bit he could have bought it for much much less. If this continues, if all of Poal chips in together we can buy facebook four months from now. The good news is BlackRock is a major owner in each of these. The bad news is BlackRock is integrated with the Fed now and money isn't really an object for them so they probably don't care.

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[–] • 0 pt (edited )

You have it backwards, you are trying to catch a falling knife, I'm suggesting it's unwise to invest in tech right now. I'll lay it out for everyone:

It's below the 50 dma = downward trend

Sep 21 high that dropped then went to a higher high in Dec that dropped then went to a high lower in Dec = head and shoulder trend down. We are in that down trend now.

Currently the macd is in the red, and the red line is above the blue = downward trend

I'll give you the RSI, it's cheap, but that's actually bad with all indicators being down.

Recommendation for my investments: wait for the blue macd line to rise above the red before investing. Even that is risky, but it's better than going all in with no support.

Not financial advice, just saying I don't see what you see. And not saying there won't be opportunities to swing, but the trend is down.

[+] [deleted] • 0 pt