The FANGs are getting crushed

Phill Twist

Phill Twist

Everything is selling off on Monday, and the so-called FANGs are getting hit hard.

Facebook, Amazon, Netflix, and Google (that is, Alphabet) were four of the best-performing tech stocks that helped keep the S&P 500 in positive territory last year.

But as global markets sold off on Monday morning, these stocks were down sharply in premarket trading, even with little company-specific news on any of them. This follows a sell-off across the tech sector on Friday as LinkedIn plunged 44% after weak earnings and Tableau Software lost about half its value.
http://www.businessinsider.com/fang-tech-stocks-sell-off-february-8-2016-2
 
Clubber Lang said:
Panic??? LMAO
You obviously haven't been doing this very long.
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Yeah this is hardly a panic. Selling needs to get much more aggressive. IMO these days any signs of a panic will bring swift action from TPTB to try and stop trading or otherwise prevent a massive selloff from continuing.

Let's talk about "panic" when we see 100-200 point swings in one day.
 
This is why I never invest in these types of stocks. They are only good for short-term trades. I look like a fool at every cocktail party. People yawn when they hear about my blue-chip dividend payers. Old school companies for an old lady. However, I get the last laugh.
 
FANG not so good 2016: $FB +.6%, $AMZN -31%, $NFLX -30%, $GOOGL -13%. The 'F' at least not negative. Also $TSLA -41%, $TWTR -38%. $SPY
 
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