Originally Posted by scho63:
One of my best friend's has the following 3 stocks as his largest holdings, and I mean large!
1. Tesla (Bought at $388) 300 shares down from 400 shares he sold around $1000
2. Square (Bought at $32) 1,500 shares
3. Shopify (Bought at $740) 100 shares
He is a very happy guy right now. He is the best non-pro stock picker I've ever seen. He told me about Chegg at $30 and a few others that have done incredible.
My buddy crossed the $1,000,000 mark today with his retirement portfolio at 58 years old.
He is a blue collar guy who owns a vending machine business with his brother and sister that they started.
Shows how saving and investing pays off over 25-30 years. :-) [Reply]
It wouldn't surprise me if Tesla made a stock offering. Lots of people have made lots of money and none of that goes to Tesla. Not sure if Tesla owns its own stock but adding a few billion to the corporate balance sheet would help. It wasn't that long ago that musk said they nearly ran out of money and thought they might have to shut down. [Reply]
Originally Posted by Stewie:
It wouldn't surprise me if Tesla made a stock offering. Lots of people have made lots of money and none of that goes to Tesla. Not sure if Tesla owns its own stock but adding a few billion to the corporate balance sheet would help. It wasn't that long ago that musk said they nearly ran out of money and thought they might have to shut down.
I thought they were selling some of their stocks off I thought I saw just yesterday. On a different note my DOCU just smashed it today. Boom! ...For now anyway. [Reply]
I wonder if we're in line for a big correction. It's completely "me-search" instead of research, but I've recently heard several independent bits of bad news in my personal network, to the point where I've wondered if some sort of tipping point has been reached in terms of companies holding the line on the economy. [Reply]
I wish I was loaded with cash right now ,I'd be buying shit up. BUT I don't so it's a good day not to click on your account balance and wait a week. [Reply]
Originally Posted by Rain Man:
I wonder if we're in line for a big correction. It's completely "me-search" instead of research, but I've recently heard several independent bits of bad news in my personal network, to the point where I've wondered if some sort of tipping point has been reached in terms of companies holding the line on the economy.
I had to do some highway driving today. That's when my mind really fucking goes. If I drive around here, I'm always looking at crops and shit, and when I'm doing field work I'm operating the machine instead of spacing off. But I spaced out today.
Is this not the .com bubble? I mean we're not having companies with 0 revenue (except Nikola) have huge stock prices, but P:E is way out of line and there is just stupid money floating around.
I haven't thought about the .com bubble because it was sooooo stupid we could never do anything like that again, right? But there are a lot of similarities. [Reply]
Originally Posted by Buehler445:
I had to do some highway driving today. That's when my mind really ****ing goes. If I drive around here, I'm always looking at crops and shit, and when I'm doing field work I'm operating the machine instead of spacing off. But I spaced out today.
Is this not the .com bubble? I mean we're not having companies with 0 revenue (except Nikola) have huge stock prices, but P:E is way out of line and there is just stupid money floating around.
I haven't thought about the .com bubble because it was sooooo stupid we could never do anything like that again, right? But there are a lot of similarities.
I don't think it will be that severe, but it certainly has seemed that the rise of some of these stocks is a game of musical chairs. Everyone keeps building them higher and higher for no reason and it may be that tipping point where the music has stopped and people are scrambling to get their profits. I could easily see someone like Tesla slip back to 250-325. There was no reason for it to triple in 6 months like it had, and I think people with huge positions and experience know that and are therefore selling leading to the drop. [Reply]
Originally Posted by SupDock:
After hours trading looks like tomorrow will be a bloodbath.
Extended holiday weekends tend to be sell offs. It's sort of silly but it's probably been needed for tech, its been overbought for a bit. The 10y yield being around a 150 p/e is going to drive future FCF valuations a bit bonkers for high growth. A cooldown prior to elections madness makes sense. [Reply]
