I think many are down around 50% if not more, including myself. This drop is way too extreme, once the shorters are the out I think this will fly quicker than you can say T.H.G.
Amazon was down over 90% in the tech bubble crash, but even if you bought right at the top back then you would've made a very decent amount as of today.
Now both of my holdings are at 40p/share. Let's see which one will make me the most money on the 1st Jan of 2024.... Today's drop should not bother you, unless you bought this on loan or on CFD.
The market simply just doesn't value tech stocks at the moment, look at Molten Ventures another insanely undervalued stock thats trading at 1/3 of the NAV.
The good thing about being an investor and not a trader now is that time is your friend. The tide will turn but you have to be patient and not let this kind of short term noise to distract you.
Todays result is already priced in, Im definitely adding on any weaknesses. The fact that they still managed to grow the revenue in this kind of trading environment is a good sign.
Good to have my well trained pet back! I'm done for the day, going to Harrods for some shopping and a big lunch to celebrate. Good luck to all as usual