The "Tech Wreck"

It's just a matter of time... tech is over-valued.

AAPL at USD2T? Some simple math: if we assume that an iPhone costs USD1000, and divide:

Code:

2,000,000,000,000
----------------   = 2,000,000,000
      1000

That's 2B iphones!!

Further assume that 2/3rds of AAPLs revenue comes from iphones; that's 1.3B iPhones. Does that make sense?

Too much money flowed into tech as a "safe haven." Think about that... tech as a safe haven?!

After the election, when a Covid vaccine is found, and the uncertainty vanishes... who wants to be holding?

 

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So overdue for a correction/one straw can break a camelsback
NEVER saw tech as a safe haven but its a bull market you know 'till it has proved otherwise.
QQQ may hit 50 day moving average.I like tech//inverse tech/TQQQ etf especially in 1st/last quarter...…………………………………………………………………………………………………………...

 

Gotta love the smell of napalm in the morning.

 

And 21 minutes after your post they came into Tech and bid hard.

 

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LOL;
IF I had known QLD was going to bounce up like that [ edit/50 day moving average ]; I would have bought more of it./LOL
Wild; SQQQ did >> 7.77% for the week