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Subject:  OT: Tech Stocks Date:  3/4/2021  3:25 PM
Author:  richinaz Number:  280654 of 281377

Is this a correction for the high flyers (Crowdstrike, DataDog, Square, Zoom, etc.) or a decline to reality?

I never got in heavily on them and have gotten out of most of them. Keeping a small position (<1%) mostly as a way to watch a few.

It just seems very similar to the late 90s where speculation boosted stocks with little to no earnings to high levels and the vast majority of them disappeared. Of course it is different this time :)

I see a few people getting scared, others using it as a way to buy low (they hope). I just recall friends in the 90s buying more as they dropped because they always rebounded, until they didn't and they lost some huge profits.

Will be interesting to watch. I tend to be underestimate how high things can go before they crash so I'm probably wrong here.

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