Few months ago when the market starts to go down, I read a comment that “it's not done until Apple is done”, I was sceptical that companies like AAPL, AMZN and GOOGL will drop more than 20% and agree that when people are forced to pawn their family heirlooms, while they may not have hit rock bottom yet, it's a sure sign of distress.
So what other commonly-agreed high conviction bring-it-to-grave stocks that can be used as the low tide markers? I will list the FAANG first and will add more if you can let me know stocks in other sectors, like TGT and WMT? JPM?
| ATH | 20thMay2022 | Loss | |
|---|---|---|---|
| AAPL | $182.94 | $137.35 | 24.92% |
| AMZN | $3773.08 | $2146.38 | 43.11% |
| FB | $384.33 | $191.29 | 50.23% |
| GOOGL | $3030.93 | $2207.68 | 27.16% |
| NFLX | $700.99 | $183.48 | 73.83% |
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