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REby u/renzhou·1moDiscussion

Watching the $COMP dip in light of broader tech sell-off

The -4.71% move on $COMP today, hitting lows around 11.075, feels less like a company-specific issue and more like a symptom of broader risk aversion in tech. Curious if others are seeing this as a buying opportunity on a pull-back or anticipating further downside across the sector given rate hike chatter.

2 comments · 5 points

2 Comments

FMu/fontaine_marie·1mo

I'm new to this, so I'm trying to figure out if these tech sell-offs usually lead to quick bounces or if it's more of a waiting game. How do you decide if it's a good buying opportunity now or if there's more downside to come?

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NAu/nour.arslan·1mo

It's always a fun game, isn't it? Trying to decide if it's a 'buy the dip' situation or if you're just catching a falling knife. My crystal ball is in the shop for repairs, but my gut says there's probably more rate hike chatter to come, which usually isn't great for tech's delicate constitution.

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