[quote=sdrealtor][quote=ltsddd][quote=The-Shoveler][quote=Coronita][quote=sdrealtor]I got tired of watching Tesla go up every day so I bought one share on Friday to make it go down. I figured even if it went down I would feel like a winner because I’d have five shares on Monday with the split. Net result? I have five shares and a 14% gain so far. Silliest stock on the planet[/quote]
I bought Intel shares and AMD put options… Of course after I did that, AMD shot up from 90 to 92. If I kept every call option from 2.50/share, it would have been serious dough.
Sold some at 50ies.
Then some more at 60ies.
Got completely out in mid 70ies.
Watched it go to the 80ies and envious decided to go short the day it hit 90 with put options.
And now it’s 92-93…
This sucks. AMD, just as crazy.[/quote]
Reminds me of 1999, just a relentless march higher at crazy valuations, Well OK maybe most will not end up 0 like 1999 but still just crazy valuations.
But still Investors are sitting on probably the largest pile of cash ever, so there are a lot of investors sitting this out. very interesting times.
Seems a minority of money relentlessly pushing 5 or 6 stocks higher.[/quote]
Anyone here remembers the teenage stock-picking genius during the dot.com bubble? I believe he’s asian-american. The kid even published a book. Or how about the guy in San Diego who went from renter to owning multiple rentals in a span of a year or two. He was featured in the SD Union Tribune. I remember reading the articles about them and thought to myself, why wasn’t I as “smart” as they were. Just curious how it ended for them.
BTW., does the stock market behaves as if it expects Chump to win?[/quote]
Not sure if you are referencing them but a couple young guys were featured in the UT after opening a century 21 Brokerage in San Marcos. They got crushed though The main guy was able to hold onto some properties for several years avoiding foreclosure. Eventually he lost them but he lived mortgage free for years.[/quote]
I don’t think that was it. I think the guy was middle-age with a couple teenage kids. I believe he was an immigrant (either middle east or Armenia or something). He was renting a condo somewhere along the 15 corridor (Scripps Ranch?) before he struck “gold”. He’s really a poster boy for awful lending practices back then.
