Who else is concerned about cybersecurity stocks when the taper starts?
I love love love cybersecurity stocks, think they are in an underdeveloped sector that has plenty of challenges that will be addressed by many of the stocks like CRWD, FTNT, PANW, etc in the future
HOWEVER
I am most concerned out of any sector of stocks in the cybersecurity space when tapering begins or starts to become a real issue (in maybe 4-6 months?). To me, these stocks which are both tech and growth in a space that is still so under defined is going to suffer the most from taper more than tech names that have proven reliable for years and years, and bc the sector has easily done the best out of any "growth" stock in the past year or so. The problem is they are both speculative and successful stocks this year which means the most likely culprit for profit taking in comparison to FAANG stocks which the average trader still tries to hold onto for their entire life.
What do people make of this? As much as I'd love to go totally all in on them ASAP, with tapering at some point going to rear it's ugly head probably in a few months, I'm not quite sure.
Submitted September 02, 2021 at 12:57AM by BurnerBurnerBurns20 https://ift.tt/3DJ33VA
