Originally Posted by
Trip7
FYI, for those that are dabbling in growth stocks at eye watering valuations, hope you have a strong stomach and very long time horizon
$QCOM fell 58% - 21 years to get back to break even.
$MSFT fell 65% - 17 years to get even.
$AMZN fell 95% - 10 years to even.
$INTC fell 82% - still isn’t even.
$CSCO fell 89% - isn’t even close to back to even.
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Then there's TSLA. If you bought the March low and held you would be up 10X. Even DAL would have returned 2X off the March and May low. Value buying is my bread and butter. Over reaction is always in the market but the down side is much easier to identify because they are almost immediate and dramatic. Tops are much harder to spot. I wish I would have know what FVRR was in March. FSLR is 3X but I don't see it going higher than the market return now.