If you read the subject line and didn’t immediately know that this post was about energy stocks, then you probably watch too much television.
FANG has always been a Texas-based Oil & Gas E&P stock.
It has nothing to do with mega-cap growth.
It’s quite obvious that many investors bought the wrong FANG.
And I say good. That makes this unwind we’ve been witnessing that much more explosive.
The more people getting smoked in Tech and other growth, the better it is for the rest of us who aren’t stuck in that garbage.
My suggestion is to ignore the gossip columnists and focus some more on the only thing that actually pays anyone: Price
Here’s Diamondback Energy $FANG breaking out this week to new all-time highs: [Read more…]