Weekly Buzz: The stock market flashed red, how are you gonna respond?
Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday, mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Three major indices moved downward, Russell 2000 Index decreased 3.77% last week (As of Sep 02, 2022). Here is the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Ark Invest's founder and CEO Cathie Wood sold around 151,000 Tesla shares last Thursday. This sums up to around $41M worth of Tesla stock sold by the company. The share price fell 6.21% to $279.210 for the week (As of Sep 02, 2022).
Mooer comment
@TeslaSmurf:
I see nothing special, but the normal downtrend after the split. Last time it was 1 week long and lost almost half of the gain built up prior to the split. I have been buying and trading TSLL since then, all the way down, and holding the TSLA portfolio which is still positive.
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I see nothing special, but the normal downtrend after the split. Last time it was 1 week long and lost almost half of the gain built up prior to the split. I have been buying and trading TSLL since then, all the way down, and holding the TSLA portfolio which is still positive.
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2. BBBY - Buzzing Stars: ⭐⭐⭐⭐
BBBY's Chief Financial Officer Gustavo Arnal was found dead Friday after falling from a New York Building. Its share price slumped 19.25% and closed at $8.630 (As of Sep 02, 2022).
Mooer comment
@Ripper1986:
Retraced to the start but with more power this time. BBBY has always remained perfect, she just charging up. August 5 all over again….Diamond pattern is at play here
Retraced to the start but with more power this time. BBBY has always remained perfect, she just charging up. August 5 all over again….Diamond pattern is at play here
3. AMC - Buzzing Stars: ⭐⭐⭐⭐
AMC participated in National Cinema Day and offered movie tickets for just $3. The special discount seeks to increase theatre traffic over the Labour Day Weekend. While its share price closed at $8.880 with a weekly decline of 3.16% (As of Sep 02, 2022).
Mooer comment
@Sam The Greater:
Take a look for yourself. The numbers make absolutely no sense. AMC has traded over 1 million shares in the post-market and around 700k are BUY ORDERS however the price is down - 1. 5%.
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Take a look for yourself. The numbers make absolutely no sense. AMC has traded over 1 million shares in the post-market and around 700k are BUY ORDERS however the price is down - 1. 5%.
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4. SPY - Buzzing Stars:⭐⭐⭐⭐
S&P 500 continued to lose ground as Powell's Jackson Hole comments weight on sentiment. The price of SPY slipped 3.32% to $392.240 for the week (As of Sep 02, 2022).
Mooer comment
@Felix py:
I don't really trust the green $SPDR S&P 500 ETF(SPY.US$ action, especially the way it fell down so hard this week. If $390 breaks, watch out. As long as it stays above $390, will be decent.
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I don't really trust the green $SPDR S&P 500 ETF(SPY.US$ action, especially the way it fell down so hard this week. If $390 breaks, watch out. As long as it stays above $390, will be decent.
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5. NVDA - Buzzing Stars: ⭐⭐⭐
Nvidia announced last Wednesday that it would pay shareholders a quarterly 4% share, meaning the stock would trade lower to reflect that payout. Its stock plunged 16.07% to $10.700 for the week (As of Sep 02, 2022)
Mooer comment
6. APE - Buzzing Stars:⭐⭐⭐
Although AMC's preferred equity stocks were rallying in anticipation of last weekend's National Cinema Day, its stock price closed at $ 4.970, with a weekly drop of 23.54% (As of Sep 02, 2022).
Mooer comment
@Zerocool888:
None of the things you witness are actual numbers. AMC and APE are being steered by HFs to benefit them and they are controlling SEC as well. Pre and post-market are the worst. You have been witnessing the price keeps falling only.
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None of the things you witness are actual numbers. AMC and APE are being steered by HFs to benefit them and they are controlling SEC as well. Pre and post-market are the worst. You have been witnessing the price keeps falling only.
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7. AAPL - Buzzing Stars:⭐⭐⭐
Apple is expected to release its popular iPhone product's latest iteration on Sep 07. Besides, Apple has fallen 9% in the past two weeks, dragged down by general concerns over the economy and interest rates. The price of AAPL closed at $155.810, with a weekly decline of 4.77% (As of Sep 02, 2022).
Mooer comment
@Cow Moo-ney:
Resistance at 160
Support at 155
Let’s see where it goes next - trade with the trend
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Resistance at 160
Support at 155
Let’s see where it goes next - trade with the trend
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Upcoming: Apple's launch event
8. QQQ - Buzzing Stars:⭐⭐⭐
According to Rayal Capital Wealth Management LLC, in its most recent Form 13F filing with the SEC, it increased its stake in shares of QQQ by 5.8%. The price of QQQ slid 3.99% to $295.170 for the week (As of Sep 02, 2022).
@iamiam:
$Invesco QQQ Trust(QQQ.US$ QQQ is just QQQ on the Monthly Weekly and Daily. The Monthly is flashing signals not seen since 2008, and we haven't even begun crashing yet. It will soon flash signals not seen since 1999!
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$Invesco QQQ Trust(QQQ.US$ QQQ is just QQQ on the Monthly Weekly and Daily. The Monthly is flashing signals not seen since 2008, and we haven't even begun crashing yet. It will soon flash signals not seen since 1999!
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9. NIO - Buzzing Stars:⭐⭐⭐
NIO sold 10,677 electric vehicles in August, an increase of 81.6% YoY. Nevertheless, its share price went down 10.99% to $17.730 over the past week (As of Sep 02, 2022).
Mooer comment
@bulls-eye:
now that every drop... is an opportunity to buy at a lower price and bring down the average.. then wait for the day it shoots up to the moon. we should be happy when it drops. especially when that window of opportunity opens. need to take action of course.
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now that every drop... is an opportunity to buy at a lower price and bring down the average.. then wait for the day it shoots up to the moon. we should be happy when it drops. especially when that window of opportunity opens. need to take action of course.
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10. ATXG - Buzzing Stars:⭐⭐
Addentax Group, a little-known Chinese garment manufacturer soared nearly 9,000% following the China-focused company's uplisting to Nasdaq and $25M IPO. ATGX's stock plummeted 64.48% to $9.590 for the week (As of Sep 02, 2022)
Mooer comment
@SANDRO 善子:
Drop from 571.76 to 74.99. Nothing is impossible in stock market !
Addentax Shares Are Trading Lower Amid Post-IPO Volatility. The Stock Traded Significantly Higher Yesterday and Is Selling off Today.
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Drop from 571.76 to 74.99. Nothing is impossible in stock market !
Addentax Shares Are Trading Lower Amid Post-IPO Volatility. The Stock Traded Significantly Higher Yesterday and Is Selling off Today.
Read more >>
Thanks for your reading!![]()
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your idea on:
This week, we'd like to invite you to comment below and share your idea on:
What do you usually do when the market is down？
We will select 15 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Tips:
Fundamental / Technical / Capital Analyses
Personal Trading Experience
Any bright insights or knowledge
Fundamental / Technical / Capital Analyses
Personal Trading Experience
Any bright insights or knowledge
Previous of Weekly Buzz
Disclaimer: Comments above are made available for informational purposes only. Before investing, please consult a licensed professional.
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Time to be rewarded for your great insights and knowledge! We'd like to invite you to comment below and share your idea on:
What do you usually do when the market is down?
iamiam : when the market is down I buy $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ as downside protection, I hold it as long as the trend is strong.
HopeAlways : I have learned the importance of patience in investing, especially when the market ia down. Human nature, or at least my own impulses, can lead me astray. It is very challenging to remain patient when the stock market moves and changes so quickly. Opportunies arise and disappear in an instant with both human and computerised eyes constantly monitoring the market, scouring the horizon for good investing opportunities. Still, patience is an important but often underused investment skill that many should develop more fully. Patience can be learned, learning it well can help one attain the desired financial goals.
Syuee : There are only two things which come to my mind, when the market is down :
. Go on a short holiday and enjoy.
1 ) Sit back and relax. Spend time ogling the cute MooMoo mascot collection
Every time the stock market is down, it has bounced back again and tried to reach newer heights.
2 ) Be an aggressive investor.
Pump in more money.
When the market is down, I see it as a bumper sale with heavy discount on my favourite stocks.
An aggressive trader / investor would pump in more capital and buy fundamentally sound companies, which are available at cheaper prices, and whose prices fell only because of the panic created.
It requires courage~ and a heavy heart to buy because, in the case of a stock market crash, the stocks are falling but we do not know till what point they will stop falling further, as markets can not be timed.
Here, buying good stocks in such market is similar to catching a falling knife.
Though riskier, it can reward one handsomely, if the right stock is selected.
Hence, stock market tests the patience. And, all one has to have is faith.
When the market is down, we can look at it as an incredible opportunity to buy stocks at a huge discount.
Remember, the market ALWAYS recovers.
As long as you have a long term horizon, buying when the market goes lower, is the winning strategy.
After all, isn’t a sale the best time to buy anything ?
HopeAlways Syuee: Warren Buffett, and other investment experts would advise: when stocks are down, 'don't watch the market closely'.
Syuee HopeAlways: Benjamin Graham, known as the “father of value investing,” knew the importance of patience in investing.
Patience and investing are actually natural partners !
ZnWC Syuee: “With love and patience, nothing is impossible.” ~ Daisaku Ikeda
I think you have both.
ZnWC Syuee: Thanks for sharing
ZnWC : "Be greedy when others are fearful"
As new investor, I often heard the above quote when the market is down. However I think not many fully understood that it is not blindly buying the dip. You will need to do research, collect data and past experience to support your decision how to buy.
Syuee ZnWC: #GratefulHeart
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