🤑247capital #48 | Market Meltdown 🩸
Follow-Up, Portfolio News of the week, Tweets of the Week ...
Hi Everyone 👋,
Welcome to the #48 issue of 247capital — your weekly source of Investment Research. If you are new, you can join my email list here, or👇🏻
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🩸Current Market Meltdown
Since the whole market has been deep red the last few days, there’s no need to show the bloody portfolio today 😆 Maybe it’s also better for you to ignore yours these days. Anyway, nothing is sold; you’ll see next week 😉 End of today, we had kind of a first contra movement, and maybe we’ll see a Turnaround-Tuesday tomorrow. If the correction is already over … who knows … I don’t think so … but the VIX is already relatively high. So if you have some liquid money, feel free to shop around. $HIMS at a low around $4.10 with some excellent news(see below) is an opportunity.
We keep some powder dry … who knows how long🤑
Portfolio News of the week
$HIMS - Hims & Hers Health Adds Walmart To Its 10,000+ Strong Base Of Retail Doors. $HIMS is launching its line of hair care solutions at more than 1,400 Walmart retail locations nationwide and on walmart.com. The products will be available beginning this weekend.
READ - Readly announces senior leadership changes
Readly International AB (publ) announces the departure of Joakim Johansson, Chief Technology Officer, and Joe Armstrong, Chief Operating Officer.
Quote of the Week
In bear markets, stocks return to their rightful owners, the wealthy and the patient.
— Peter Lynch
Tweets of the week
Another special one for my brother 😉
5 points of the week - From the book “100 to 1 in the stock market.”
Curated by the Big Investor Blog:
Earning are way more manipulated than stock prices.
But for the gullible, there would be no manipulators. In Africa, where there are no antelopes, there are no lions.
Stocks are bought and sold on the market because both the buyer and seller hope to benefit from their actions. However, neither are there to do another favor.
Technical analysis is not an alternative to fundamental analysis; it is mainly used for entry and exit after a finalized decision to buy or sell.
Basic economic principals
All market value is in mind.
Men can change all laws made by men and will be changed as soon as people decide that they would be better off if the rules are changed.
No one’s title or property right is worth any more than his fellow-creatures willingness to defend it.
If a company seems to be operating ignorance or defiance of these three principles, don’t stop and figure out - RUN.
Thanks for reading, and until following Monday,
Sebastian from 247capital