As for some examples:
GE has plummeted over the last few years. The issue is completely systemic. And after following their financial and quarterly investor meetings, I'm not sure there's any actual value to the company at any price, as it currently exists. I think that anything that had value, has already been sold off. All that's left is massive debt and under-performing divisions.
Tesla was in the news going on about falling stock prices, and while my co-workers love Elon Musk, his car company just can't seem to make money, meet deadlines, or handle press. Furthermore, Musk seems to be suffering from dementia as if from late stage Syphilis. I don't invest in his companies, and I don't know if Tesla's problems are that the company is a giant R&D money sink or if its just Musk being insane. Maybe both.
Social Media and Tech: So Facebook and Twitter are face planting, and I hear Amazon got hit too. I don't know, again, how much of this is just bad PR or what. But while I've never understood FB and TWTR's business model, at least Amazon is profitable. I'm pretty sure whatever is going on in Tech is entirely a self-inflicted wound and the average person will lose interest soon.
So with all that in mind, when does a rapid drop in price stop being a knife, and a floor found? Do you wait for the price to go back up? Or just time?
Submitted July 31, 2018 at 09:13AM by rhel_monk https://ift.tt/2O0LUvU
