Economy stonks v10, elections go up. or down. or flat.
- Thread starter rob mafia
- Start date
- Joined
- Aug 6, 2004
- Messages
- 19,055
- Reaction score
- 9,809
i feel like i swindled myself by being all discombobulated this week due to a wrecked sleep schedule and wasted time windows (ie: the forever it took to get xlnx puts to execute while i could have been working on 38647854 other plays).
that said, i slumberstumbed into a 5% (portfolio) gain for these 3 days while doing little to nothing, so... all i missed out on was the pltr shenanigans, i guess.
that said, i slumberstumbed into a 5% (portfolio) gain for these 3 days while doing little to nothing, so... all i missed out on was the pltr shenanigans, i guess.
- Joined
- Mar 31, 2007
- Messages
- 42,611
- Reaction score
- 24,193
Wait you're mad your portfolio is up 5% for a week? lol
- Joined
- Aug 6, 2004
- Messages
- 19,055
- Reaction score
- 9,809
- Joined
- Mar 31, 2007
- Messages
- 42,611
- Reaction score
- 24,193
lol why do I always edge into the biggest winner sham crap when I should just yolo everything?
This has run almost 18% for me in 4 hrs and the extra add I did at the bell at 11.68 just sold at 13 2 hrs later lol
- Joined
- Aug 6, 2004
- Messages
- 19,055
- Reaction score
- 9,809
dammit, i guess i missed out on srac. i was hoping it would go under 10.50. lolz
- Joined
- Mar 31, 2007
- Messages
- 42,611
- Reaction score
- 24,193
lullzz I somehow got RMG and SRAC under 11. But almost out.
Also got an updraft on Overstock for a nice flip
- Joined
- Nov 10, 2016
- Messages
- 3,420
- Reaction score
- 2,896
So did not check my other stock account and a little surprise.
Holding Fisker and was on the verge of selling last week. up 33% in one day. Holding 75 shares.
Seriously, you would have to be an idiot to not make money in this market lol
Holding Fisker and was on the verge of selling last week. up 33% in one day. Holding 75 shares.
Seriously, you would have to be an idiot to not make money in this market lol
- Joined
- Mar 31, 2007
- Messages
- 42,611
- Reaction score
- 24,193
Translation: we're near a top
- Joined
- Nov 10, 2016
- Messages
- 3,420
- Reaction score
- 2,896
For some stocks/sectors yes. EV and energy stocks are way overpriced or are priced in at this stage.
I believe its time to move along into other beaten up sectors with the vaccine coming. For me EV is risky as fuck now at these prices. Fisker is my last EV stock which I will likely sell +$20
- Joined
- Nov 30, 2013
- Messages
- 11,456
- Reaction score
- 6,719
- Joined
- Aug 6, 2004
- Messages
- 19,055
- Reaction score
- 9,809
we actually had a bear market this year, so this isn't really a 12 year bull market... unless you mean that bullrush to 2032 confirmed.
- Joined
- Nov 30, 2013
- Messages
- 11,456
- Reaction score
- 6,719
Nah I'm talking since 08. Where do you think the market goes from here? Would you get in long positions at this point?
- Joined
- Aug 6, 2004
- Messages
- 19,055
- Reaction score
- 9,809
i mean, depends on what you mean by long. technically, i'm long ~15 stonks at any given time. if you mean long-term, i have issues with ever actually holding things, anyway. but i also don't buy indexes.
- Joined
- Nov 30, 2013
- Messages
- 11,456
- Reaction score
- 6,719
Yeh i don't either. I've only been investing a year and my longest position is 6 months. Mostly hold for days to couple months.
Currently 20% of my account is in stocks that I bought at a good enough price that I'd be comfortable holding through a bear market and averaging down. Ideally I'd like to get the other 80 % in long term holds where I don't have to actively trade. Guess my point is that with all time highs coming off a 12 year uptrend this not a good time to set it and forget it. I'm going to keep trading until there's a major dip.
- Joined
- Nov 10, 2016
- Messages
- 3,420
- Reaction score
- 2,896
Agree this is currently a traders market but there is still room for opportunity in some stocks.
The only stocks I am currently long +2 years are:
CSIQ
HYLN
AMD
DKNG
I will be buying back into Rocket Mortgages next year which was my largest holding, unfortunately it did not work out and never moved so had to sell. Will continue to trade this year as there is to much money on the table to be made.
The only stocks I am currently long +2 years are:
CSIQ
HYLN
AMD
DKNG
I will be buying back into Rocket Mortgages next year which was my largest holding, unfortunately it did not work out and never moved so had to sell. Will continue to trade this year as there is to much money on the table to be made.
- Joined
- Oct 13, 2012
- Messages
- 25,244
- Reaction score
- 49,164
Draft Kings offered me some small solace for having to deal with Wells Fargo this year. Bought it at $39 or $40 and sold it almost exactly at its high, $64. About a month later it sank to $35. Looks like it's back up to $50 already though.
- Joined
- Oct 13, 2012
- Messages
- 25,244
- Reaction score
- 49,164
Came across this on Reddit. Yikes!:
Tesla surged past $525 billion in market capitalization on Tuesday, leaving it less than 5% behind Warren Buffett's Berkshire Hathaway, which hit a record $549 billion market cap at the close of trading.
Elon Musk's electric-vehicle company climbed as high as $530 billion in market value on Tuesday, signaling it could overtake the famed investor's conglomerate within days...
The shrinking gap between the companies' market caps primarily reflects Tesla's stock price skyrocketing more than 500% since the start of this year. Its shares traded at less than a tenth of their current price as recently as October 2019.
In contrast, Berkshire's shares have only climbed about 2.4% this year, trailing a 4% gain for the benchmark Dow Jones index over the same period.
The proximity of Tesla and Berkshire's market caps is striking given the dramatic differences in their scale and financial strength.
Berkshire owns scores of businesses including See's Candies, Geico, Precision Castparts, and the Burlington Northern railway that collectively employ more than 390,000 people.
It also boasts a roughly $230 billion equity portfolio that includes more than $100 billion worth of Apple stock and billion-dollar stakes in American Express, Bank of America, Coca-Cola, and other blue-chip companies.
Buffett's company earned $255 billion in revenue and booked $73 billion in investment gains last year, fueling $81 billion in net income. Moreover, it held $137 billion in cash and short-term investments at the end of March - enough to buy Tesla in its entirety at the time, as its market value had tumbled below $100 billion during the coronavirus crash.
Meanwhile, Tesla had about 48,000 full-time workers last year, less than an eighth of Berkshire's workforce. It also generated about $25 billion in sales - a tenth of Berkshire's revenue - and posted a $900 million net loss. Musk's company also had only $6.6 billion in net assets last year, less than 1/60th of Berkshire's $425 billion.
Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding | Markets Insider (businessinsider.com)
Tesla surged past $525 billion in market capitalization on Tuesday, leaving it less than 5% behind Warren Buffett's Berkshire Hathaway, which hit a record $549 billion market cap at the close of trading.
Elon Musk's electric-vehicle company climbed as high as $530 billion in market value on Tuesday, signaling it could overtake the famed investor's conglomerate within days...
The shrinking gap between the companies' market caps primarily reflects Tesla's stock price skyrocketing more than 500% since the start of this year. Its shares traded at less than a tenth of their current price as recently as October 2019.
In contrast, Berkshire's shares have only climbed about 2.4% this year, trailing a 4% gain for the benchmark Dow Jones index over the same period.
The proximity of Tesla and Berkshire's market caps is striking given the dramatic differences in their scale and financial strength.
Berkshire owns scores of businesses including See's Candies, Geico, Precision Castparts, and the Burlington Northern railway that collectively employ more than 390,000 people.
It also boasts a roughly $230 billion equity portfolio that includes more than $100 billion worth of Apple stock and billion-dollar stakes in American Express, Bank of America, Coca-Cola, and other blue-chip companies.
Buffett's company earned $255 billion in revenue and booked $73 billion in investment gains last year, fueling $81 billion in net income. Moreover, it held $137 billion in cash and short-term investments at the end of March - enough to buy Tesla in its entirety at the time, as its market value had tumbled below $100 billion during the coronavirus crash.
Meanwhile, Tesla had about 48,000 full-time workers last year, less than an eighth of Berkshire's workforce. It also generated about $25 billion in sales - a tenth of Berkshire's revenue - and posted a $900 million net loss. Musk's company also had only $6.6 billion in net assets last year, less than 1/60th of Berkshire's $425 billion.
Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding | Markets Insider (businessinsider.com)
- Joined
- Nov 30, 2013
- Messages
- 11,456
- Reaction score
- 6,719
Absolutely. I'm still trading but being defensive.
I own dkng and rkt. They are actually my two worst timed buys. I'm finally almost even on dkng and down slightly on rkt although I flipped it for a nice profit back when it hit 29. I like rkt alot long term but its only 3% of my portfolio atm.
- Joined
- Nov 30, 2013
- Messages
- 11,456
- Reaction score
- 6,719
Came across this on Reddit. Yikes!:
Tesla surged past $525 billion in market capitalization on Tuesday, leaving it less than 5% behind Warren Buffett's Berkshire Hathaway, which hit a record $549 billion market cap at the close of trading.
Elon Musk's electric-vehicle company climbed as high as $530 billion in market value on Tuesday, signaling it could overtake the famed investor's conglomerate within days...
The shrinking gap between the companies' market caps primarily reflects Tesla's stock price skyrocketing more than 500% since the start of this year. Its shares traded at less than a tenth of their current price as recently as October 2019.
In contrast, Berkshire's shares have only climbed about 2.4% this year, trailing a 4% gain for the benchmark Dow Jones index over the same period.
The proximity of Tesla and Berkshire's market caps is striking given the dramatic differences in their scale and financial strength.
Berkshire owns scores of businesses including See's Candies, Geico, Precision Castparts, and the Burlington Northern railway that collectively employ more than 390,000 people.
It also boasts a roughly $230 billion equity portfolio that includes more than $100 billion worth of Apple stock and billion-dollar stakes in American Express, Bank of America, Coca-Cola, and other blue-chip companies.
Buffett's company earned $255 billion in revenue and booked $73 billion in investment gains last year, fueling $81 billion in net income. Moreover, it held $137 billion in cash and short-term investments at the end of March - enough to buy Tesla in its entirety at the time, as its market value had tumbled below $100 billion during the coronavirus crash.
Meanwhile, Tesla had about 48,000 full-time workers last year, less than an eighth of Berkshire's workforce. It also generated about $25 billion in sales - a tenth of Berkshire's revenue - and posted a $900 million net loss. Musk's company also had only $6.6 billion in net assets last year, less than 1/60th of Berkshire's $425 billion.
Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett's Berkshire Hathaway. Here's why that's astounding | Markets Insider (businessinsider.com)
This is what I mean. There are countless charts and metrics that put us in bubble territory at least in some sectors....others are reasonable but if the tech bubble bursts i would imagine the whole market would suffer. Not to mention the possible bankruptcies ahead
