TLDR: your thoughts on the potential short term bottom price for the following downward sliding stocks:
Shopify (SHOP), Draft kings (DKNG), Palantir (PLTR), Zillow (ZG), and AppHarvest (APPH)
I keep a small percent of portfolio for riskier stocks, that I generally believe have a good future, but are sorta over-reactionary undervalued based on a combination of recency bias to something negative, and the fact they may be new enough to not be cash positive yet.
And yes, either of those reasonings could end up being justified in hindsight, but that's why it's a small portion of portfolio. I'm not saying like so risky the P2B ratio is less than 1 or anything like that. But just ones that could potentially give a great return after a few years of holding through rough seas.
Anyways, if I'm going to be taking a risk, I might as well hold out for as low as I think it could go before getting in, and if I'm wrong about the bottom and miss the boat so be it.
So to get to the point I'd like your guys opinions on where you think a really good potential bottom price to get into is? Any of those you have thoughts on I'd love to hear it. Maybe you're super bullish and you think I need to get in now. Or super bearish and think it's going to 0. Thanks.
And just to avoid it, I'm not holding anyone to anything, I know nobody is psychic. I just wanna know your personal thoughts.
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