Bought some Spotify...will down, down, go up, up?
May be too soon? Buy the dips is sound advice.
Never try to catch a falling knife can be lifesaving.
Its complicated, I think the news is actually a long term positive for Spotify, but I’ve go unrealized losses on other Tech stocks this past month because of the Fed threatening to raise rates.
The downturn started with Tax selling and inflation pressure in December and hasn’t let up. That’s why Spotify has been down so long I think. However Spotify went up yesterday. We’re not in a bear Market or correction yet... It looks like a good long market for calls deep into the year or next year. (Not a financial advisor) It continues to grow subscribers. Well over 300 million of them.
Joe Rogan is not leaving and he’s becoming a huge phenomenon for Millennials worldwide.