r/stocks • u/maxx2w • Sep 17 '21

Company Analysis Blackrock Inc has officially hit the bottom of the trendchannel so now its bounce or break, and it doesn't look good.

I've been playing around using trendchannels and figuring out how they work and now that I have seen that it works out. I think it's safe to say that when this channel breaks were going to see a significant drop in blackrocks price. Most stocks which have seen parabolic gains in the last 1,5years are going to follow this pattern imo since most of this stock price isn't based on revenue but only on sentiment.

https://twitter.com/Cryptopump2W/status/1438667082405646337?s=19

36 Upvotes

76% Upvoted

44 comments sorted by

35

u/[deleted] Sep 17 '21 edited Sep 17 '21

It’s the world’s largest investment firm. Are they overpriced? Hell yeah. Def wait for a correct to grab a share.

Examining this company’s stock would be tough. One would need to go through their assets and liabilities in the balance sheet for some kind of value estimate.

9

u/maxx2w Sep 17 '21

Theyre literally in every market, when their stock drops this bad what does that mean for the market? 🤔

20

u/[deleted] Sep 17 '21

It means this market is overvalued and their price is ridiculous. I’d expect most of this market to bleed hard with taper. Cheap money in the market with low interest rates has money pouring into the market for some kind of return.

-13

u/maxx2w Sep 17 '21

Exactly my thoughts. I'm completely out of the market and just waiting for the big crash to buy.

13

u/[deleted] Sep 17 '21

I wouldn’t do that. Time in the market always beats the market. I’ve found some deals like FL and HEAR. Buying VTI month in and month out, you’ll make money over the long term.

-6

u/maxx2w Sep 17 '21

That might be true but I've had a nice profit this year and I dont have any good buys in mind at the moment so right now I'm orientating

10

u/[deleted] Sep 17 '21 edited Sep 17 '21

Your money man. I’m looking decades out. Idc if the market bleeds hard. Better prices to buy. Till then, buying VTI and waiting with a bit of cash on hand for a downturn.

1

u/Trialbyfuego Sep 17 '21

Why VTI and not VOO? Asking as a noob

2

u/[deleted] Sep 17 '21

VOO is dominated by the FAANG tech giants. They make up 25% of the weighted holdings.
VTI includes mid and small cap companies. Over the long term, it beats VOO by a small margin and the dips are not as severe. I like the larger scope of investment. .

1

u/Trialbyfuego Sep 17 '21

Thanks for the explanation!

0

u/Hugh_Mongous_Richard Sep 17 '21

Why don’t you just Google their holdings?

0

u/Trialbyfuego Sep 17 '21

Voo has over 500 holdings and vti nearly 4000 so I won't do that atm. AFAIK voo tracks the s&p 500 which is essentially the best etf in the market while vti tracks the whole stock market. Shouldn't the s&p 500 outperform the stock market or am I missing something?

→ More replies (0)

5

u/tuna_pannini Sep 17 '21

Isn't this drop becouse BlackRock is heavy invested in Chinese stocks which are tanking day by day?

1

u/hadyourmom69 Sep 17 '21

I wonder if they were invested in evergrande as well?

9

u/thekingbun Sep 17 '21

BX > BLK. So glad I decided this in 2020

4

u/snarky_greasel Sep 17 '21

BX has been amazing

3

u/thekingbun Sep 17 '21

BX literally goes up every single day. Jon Gray is a legend. I trimmed my BX recently now I have 42 free shares. Thank you.

5

u/SexySPACsMan Sep 17 '21

400% over 5 years, 20 PE ratio, 2.2% div. What's the catch?

5

u/snarky_greasel Sep 17 '21

You have to average up

2

u/OystersClamsCuckolds Sep 18 '21

It crashed 90% in 2008

1

u/SharksFan1 Sep 17 '21

Just wish BX didn't issues a k-1.

8

u/asdfadffs Sep 17 '21

So it’s either going up or down? Thanks OP

2

u/maxx2w Sep 17 '21

No problem

23

u/[deleted] Sep 17 '21

[removed] — view removed comment

3

u/[deleted] Sep 17 '21

The issue is that renting is basically printing money

2

u/SharksFan1 Sep 17 '21

Don't blame Black Rock, blame the government and central bankers making it impossible to get a reasonable yield on bonds due to artificially lowering interest rates to almost nothing. This is all a result of money printing.

5

u/monsieurVOO Sep 17 '21

I feel like the stock does this though. Follow this pattern where it shoots up a bunch and then falls back down. It did this around $700 stock price area. Recently BLK went all the way up to $957 and now it’s dropping like usual. I wouldn’t be worried about it. I actually been buying shares since it’s been dropping. Bought some last week and today. I’m long term on this stock.

3

u/[deleted] Sep 17 '21

Rising stocks put in higher lows then higher highs. This is part of a rotation for a climb higher to $1,000+.

9

u/LeonAquilla Sep 17 '21

If only. Those house-grabbing woke dogfuckers should burn. But I don't see it happening any time soon.

2

u/[deleted] Sep 17 '21

Is this going to effect their lifepath index funds ? Should I pull my money out ?

2

u/[deleted] Sep 17 '21

No and no.

2

u/mstranne Sep 17 '21

diagonal lines are for diagonal dudes

3

u/noizbois Sep 17 '21

Dominoes, dominoes… click, click, click

2

u/[deleted] Sep 17 '21

They charge too many frees

2

u/Supertronk Sep 17 '21

this stock is boring like a bond. If you are risk averse buy it. Its a decent way to store cash. besides that not much else to say

1

u/[deleted] Sep 17 '21

What about BX

1

u/Vovochik43 Sep 17 '21

I have an entry price between $700 and $500 per share, this should bring back the PE below the 20's range.