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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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Buehler445 10:47 AM 01-07-2021
Originally Posted by scho63:
This market is getting stupid scary.

P/E levels of 100, 200, 500 and TSLA over 1500

Something's gotta give.

Feels like very big correction or crash is near. Hope I'm wrong
The EV thing feels a lot like the .com bubble.

Even so much as total frauds (NKLA) getting run.

But NKLA is out so maybe we've learned.
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Peter Gibbons 10:49 AM 01-07-2021
Originally Posted by scho63:
This market is getting stupid scary.

P/E levels of 100, 200, 500 and TSLA over 1500

Something's gotta give.

Feels like very big correction or crash is near. Hope I'm wrong
It's important to put in some stop loss orders to protect yourself in this type of environment. It will also give you some nice cash for buying deals when the correction happens. All that being said, I too hope you're wrong, but I doubt it.
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philfree 11:27 AM 01-07-2021
The stock market is the only game in town. Even if there's a big sell off as long as interest is so low the market will come right back. The sad part is that there's no place for savers. That's my take on it.
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Buehler445 11:43 AM 01-07-2021
Originally Posted by philfree:
The stock market is the only game in town. Even if there's a big sell off as long as interest is so low the market will come right back. The sad part is that there's no place for savers. That's my take on it.
Fair point.
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philfree 11:45 AM 01-07-2021
Triple D! Diners, Drive Ins and Dives! DDD up over 100% today!:-)
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Buehler445 11:49 AM 01-07-2021
Riiiight. So Musk is now the richest dude on the planet.

3 months ago he was a long way behind Bezos.

This is silly.
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DaFace 11:50 AM 01-07-2021
Originally Posted by Buehler445:
Riiiight. So Musk is now the richest dude on the planet.

3 months ago he was a long way behind Bezos.

This is silly.
TSLA isn't far off from bitcoin in my mind these days. It's almost entirely a play for whether the hype can possibly go up even more.

It's hard to imagine that the bubble won't burst someday, but whether that's tomorrow or 10 years from now, who knows?
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Hammock Parties 01:00 PM 01-07-2021
I'd be shocked if there isn't a Friday selloff at this point.
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Rain Man 01:08 PM 01-07-2021
Originally Posted by Hog's Gone Fishin:
TSLA up $48 right now. LOL!
I briefly considered lighting a cigar with a $100 bill, but I'm too practical for that.
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Peter Gibbons 01:19 PM 01-07-2021
I have a boat anchor of a bank stock (FITB) that I’ve been carrying around for way too long with the misplaced hope it would finally get back to a level where I could break even. Over the past couple of weeks it’s made a nice run and I can now walk away not only whole but up $44k. I am glad to be free of it. The good/bad is that the payment will be via check and take a week or so to get to me. I think I am going to sit on the cash and wait for a good correction before buying something else.
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ghak99 01:28 PM 01-07-2021
This is insane.

Anyone see a reason why this run won't last 60 more days?
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Rain Man 01:29 PM 01-07-2021
Originally Posted by KCUnited:
Talk to me about buying strategy.

Say you've grabbed a position in a stock using the funds available to you at the time. The stock has done well and seems to be rising. As more funds become available to you, do you a) keep purchasing the stock at the market price? b) hold the funds and set a limit order at a lower price and wait for a dip? or c) look for other opportunities with a different stock?

Also, do you have a max number of shares you strive to get to in something before you move on to a different stock?

My scenario is specific to making funds available with each pay period, every 2 weeks in my case, and I'm a little fuzzy on how to allocate after my initial (larger) purchase.
I mess around with different strategies all the time, and haven't found one that works in all weather. I had a good one a while back for a sideways stock market, but it does not work well in a market like we had last year.

I'm mostly a buy and hold guy in the big picture because I want to understand the stocks and how they move. But recently I've been chasing momentum. I look at the stocks in my portfolio that are down each day, and if one of them has been positive over the last X months, I'll buy a smidge more of it. Maybe a 1 percent add. I do that every couple of days since I've been sitting on some cash for a while.

I'll say too that having the "reinvest dividends" button on has worked well this past year. The computer bravely invested my cash payouts during the months when I was afraid to do so.
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Hammock Parties 02:07 PM 01-07-2021
Originally Posted by ghak99:
This is insane.

Anyone see a reason why this run won't last 60 more days?
The market sees stability and a vaccine.

I feel fine.
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patteeu 02:21 PM 01-07-2021
Originally Posted by Rain Man:
I mess around with different strategies all the time, and haven't found one that works in all weather. I had a good one a while back for a sideways stock market, but it does not work well in a market like we had last year.

I'm mostly a buy and hold guy in the big picture because I want to understand the stocks and how they move. But recently I've been chasing momentum. I look at the stocks in my portfolio that are down each day, and if one of them has been positive over the last X months, I'll buy a smidge more of it. Maybe a 1 percent add. I do that every couple of days since I've been sitting on some cash for a while.

I'll say too that having the "reinvest dividends" button on has worked well this past year. The computer bravely invested my cash payouts during the months when I was afraid to do so.
:-)
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EPodolak 02:39 PM 01-07-2021
Originally Posted by Buehler445:
The EV thing feels a lot like the .com bubble.

Even so much as total frauds (NKLA) getting run.

But NKLA is out so maybe we've learned.

I wouldn't own it, but it wouldn't surprise me if even NKLA get's back on track. They're bringing in experienced leadership (so I've read), that knows how to damage control what they've gone through.
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