Market Talk
Tech stocks are being whipsawed down. Especially crypto related stocks that have had a nice run. It's a correction. But big name stocks like Apple , Tesla and Amazon are sinking also. In times of a correction, it can be hard to know if it's the start of a larger move down, but whipsaws can hurt. The old adage, buy the dips, is easy to say but when faced with whipsaws down for illogical or irrational reasons, it's hard to pull the trigger and not want to just sell and forget.
It's uncertainty and doubt and perhaps that is a self preservation notion as well to step back. I will share my "step back look" at the moment. And I stress at the moment because things change.
Stock Talk
CLSK was a buy in my view when bitcoin was $30 K and the microgrid energy side of CLSK is gaining traction in new business such as Walmart installs and new product lines in scalable microgrids from small residential to large industrial applications. So with bitcoin well above $30 K, it seems like it's all gravy in the growth and value department. The whipsaw down is hard to watch but, for now, I'm holding and watching CLSK.
I won't blame anybody for preserving cash. As to the rest of the market? It may be toppy and the tech correction may be the canary in the coal mine.
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ALL in my humble opinion, scroll down and read more..This site does NOT make Buy / Sell recommendations.
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