In my second post on Goldtent, “Inflection Point” dated 4\/28\/00, I expressed my belief that the FAANG’s were over valued and ready to decline. As Plunger pointed out in his prescient comment, he said that buying PSQ, which was my way of playing the overvalued FAANG’s, would prove to be quite frustrating. He was absolutely correct. I thanked him for his comment at the time and would like to thank him again and state he was correct, I was wrong! However, PSQ is still my suggested way to play against the FAANG’s and today looks like the inflection point that I called for prematurely. As I was alluding to in my post last Thurs. titled “Monday Monday”, I felt today was going to be the top for this insane rally and have seen nothing to change my opinion.<\/p>\n","protected":false},"excerpt":{"rendered":"
In my second post on Goldtent, “Inflection Point” dated 4\/28\/00, I expressed my belief that the FAANG’s were over valued and ready to decline. As Plunger pointed out in his prescient comment, he said that buying PSQ, which was my … Continue reading