Don't put your money in FANG stocks, says this chart
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Don't put your money in FANG stocks, says this chart

By justme following x   2017 Jun 9, 2:35pm 1,195 views   15 comments   watch   sfw   quote     share    


So, @jvolstad, it is not just housing you should not put your money into, it is also the stock market ;-)

1   justme   ignore (0)   2017 Jun 9, 2:40pm   ↑ like (1)   ↓ dislike (0)     quote      

@Patrick, I know you are on an airplane, or just off one (which is probably why the FANG stocks decided to crash today), but that chart looks much better if not shrunk. The full version is only 142kB. Maybe I'll mail it to you.

2   goat   ignore (0)   2017 Jun 9, 5:00pm   ↑ like (0)   ↓ dislike (0)     quote      

just link to the full image, eg use imgur or dropbox etc...

3   someone else   ignore (0)   2017 Jun 11, 2:16am   ↑ like (1)   ↓ dislike (0)     quote      

@justme I uploaded the full size image and made it a link from the small image.

So anyone can just click on the image in the original post now to get the full size one.

4   someone else   ignore (0)   2017 Jun 11, 2:17am   ↑ like (0)   ↓ dislike (0)     quote      

And WTF happened to those stocks?

I was indeed on a plane. My darling stock SHOP got whacked as well.

5   justme   ignore (0)   2017 Jun 11, 10:37am   ↑ like (1)   ↓ dislike (0)     quote      

Patrick says

And WTF happened to those stocks?

i like to think of it as a bit of reality setting in for the FANG stocks. But it is not just FANG or FANTA or FAANG or FAAMG stocks experiencing serious turbulence. It also looks like the chief unicorn of private (unlisted) companies, namely Uber, is in serious trouble.

http://www.zerohedge.com/news/2017-06-11/uber-imploding-chief-business-officer-resigns-kalanick-plans-leave-absence

6   BayAreaObserver   ignore (1)   2017 Jun 12, 4:02am   ↑ like (0)   ↓ dislike (0)     quote      

A selloff in U.S. technology stocks spread through Asia and Europe, battering shares from South Korea to the Netherlands.

Samsung Electronics Co., ASML Holding NV and Tencent Holdings Ltd. led declines in Europe and Asia, dragging down benchmark indexes. U.S. stock futures also fell as markets continue to digest the Nasdaq 100’s plunge on Friday. After the biggest drop in eight months, sterling appears to be looking past the potential benefits of a so-called soft Brexit amid ongoing political uncertainty. Italian bonds rallied as populists took a hit in local elections. Palladium extended its world-beating rally.

. U.S. stock futures also fell as markets continue to digest the Nasdaq 100’s plunge on Friday. After the biggest drop in eight months, sterling appears to be looking past the potential benefits of a so-called soft Brexit amid ongoing political uncertainty. Italian bonds rallied as populists took a hit in local elections. Palladium extended its world-beating rally.

The sudden slide in tech stocks, which had helped send global equities to repeated record levels this year, blindsided many investors after markets largely brushed aside last week’s trio of risk events. The question now is whether the drops represent merely a pause or a more fundamental crack in the U.S. stock bull market.

“There’s a chance U.S. internet technology stocks that have propelled a global stock rally will now serve as a buzz kill,” said Mitsuo Shimizu, deputy general manager at Japan Asia Securities in Tokyo.

https://www.bloomberg.com/news/articles/2017-06-11/asia-shares-set-to-open-mixed-after-u-s-tech-rout-markets-wrap

7   just any guy   ignore (0)   2017 Jun 12, 7:45am   ↑ like (1)   ↓ dislike (0)     quote      

The FAAG stocks are killing me

8   FortWayne   ignore (0)   2017 Jun 12, 7:51am   ↑ like (0)   ↓ dislike (0)     quote      

What's a FANG stock?

9   Strategist   ignore (1)   2017 Jun 12, 7:56am   ↑ like (0)   ↓ dislike (0)     quote      

FortWayne says

What's a FANG stock?

Stocks like Apple, Amazon, Google, Netflix.

10   zzyzzx   ignore (1)   2017 Jun 12, 8:06am   ↑ like (1)   ↓ dislike (0)     quote      

Apple should be removed from the list due to it's low P/E and dividend. Add in Tesla.

11   just any guy   ignore (0)   2017 Jun 12, 10:07am   ↑ like (0)   ↓ dislike (0)     quote      

FortWayne says

What's a FANG stock?

It stands for Facebook, Apple, Netflix, Google. There are variations to that acronym depending on the stocks included. For example, if they include Amazon it may be FAANG.

12   justme   ignore (0)   2017 Jun 12, 11:40am   ↑ like (0)   ↓ dislike (0)     quote      

FAANG are continuing on their downward trajectory. They are down -1 to -4% today, with NFLX (Netflix) leading the pack down. AAPL (Apple) is not far behind at -3% at the moment. This is going to get interesting.

13   Tenpoundbass   ignore (6)   2017 Jun 12, 3:45pm   ↑ like (0)   ↓ dislike (0)     quote      

I'm working on an App for our company. The screen will require 6 or more screens combined into one.
Sort of the way this picture looks. Any Patneters have any monitor brand and model references that wont have any bezel thickness to break up the screens?

14   Dan8267   ignore (3)   2017 Jun 12, 6:32pm   ↑ like (0)   ↓ dislike (1)     quote      

You can't go wrong with Amazon, Safeguard Scientifics, Facebook, Universal Corporation, Kelloggs.

15   Booger   ignore (0)   2017 Jun 12, 6:36pm   ↑ like (0)   ↓ dislike (0)     quote      

Yeah, and GE is up big today.


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