Sell

[The-Shoveler]

Wow really well said flu.

[ltsddd]

[quote=Coronita]People who lived through the dot bomb days know how badly things can get. [/quote]

You forgot to mention that the mantra back then was buy now and double your money or shares in 6 months. I remember at one time Sun Micro was doing 2 for 1 splits once every six months. Buy and hold like works just fine. I just don’t have the stomach for the FANG stocks, though.

[gzz]

Tesla is now worth more than Toyota, making it the most valuable car manufacturer in the world.

Last year, Toyota sold 10.6M cars and made a profit of $19B.

Last year, Tesla sold 0.367M cars and officially lost $862M, but the loss was larger without aggressive accounting.

[The-Shoveler]

To paraphrase what many were saying in 1999.

Market can say crazy longer than you can stay solvent.

IMO TSLA has a almost cult following, going to be hard to go against that.

Disclosure I am a big Elon Musk fan but not a TSLA stock holder.

[Coronita]

[quote=ltsddd][quote=Coronita]People who lived through the dot bomb days know how badly things can get. [/quote]

You forgot to mention that the mantra back then was buy now and double your money or shares in 6 months. I remember at one time Sun Micro was doing 2 for 1 splits once every six months. Buy and hold like works just fine. I just don’t have the stomach for the FANG stocks, though.[/quote]

Buy and hold works great for index funds because it’s a aggregate of a basket of companies so any one failure of one company doesn’t wipe your net worth out.

Buy and hold of a tech company works well if you happen to luckily pick the winners that last through decades of technology shifts. that has more to do with luck than anything else. For every Qualcomm, Intel, Microsoft, Amazon, Google, I can think of a dozen or so other tech companies that at one point showed a lot more promise but don’t exist anymore. Telco tech companies is a prime example. nokia, motorola, ericcson, lucent were market leaders for the longest time. It didn’t take long for lucent to go under , Motorola to die, and Nokia/Ericsson to become significantly irrelevant versus the Korean and Chinese telcos.

But I get it, when things are on a winning streak, especially during the last few years which tech has generally not seen a downturn, it’s hard to imagine how bad things could get and how quickly that could happen. You have time though. I think Powell will juice the markets as long as he can. maybe for another 2-3 years. this really is like 1999 all over again. Things are irrationally exuberant or getting close to it.

AMD is a prime example. There’s no reason why it should be where it is today, definitely the recent 8% rise is unwarranted. No new news from their earnings which while good wasn’t really that great. But for some reason there’s a big cult around it too. I’m simply on it to ride the cult wave. Those options a have already been paid for by previous options, so even of the expire worthless this time, it’s not a big deal. Yes, this is gambling, not investing. lol.

[ltsddd]

Strange stocks like NKLA, DUO, CHK came out of nowhere and shot up 200-300% in a single day. Lots of shady stuff going on. Whatever it is, it’s quite unsettling.

[Coronita]

Speaking of Powell, looks like we have near 0% until 2022. not really surprised….

https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2020-133528214.html

not surprised sdrealter is also reporting 17 offers on a home that just was listed in 4s

April 2020 housing charts

Covid doesn’t seem to have knocked the wind out of home buyer here in SD.

[Coronita]

[quote=ltsddd]Strange stocks like NKLA, DUO, CHK came out of nowhere and shot up 200-300% in a single day. Lots of shady stuff going on. Whatever it is, it’s quite unsettling.[/quote]

yes, exactly.

[plm]

I try to pick tech companies with a strong moat but can always be wrong. Just can’t sell and will let it ride and hope for the best. It’s not like every stock I own are FANG. It’s just FANG does the best and is becoming a much larger part of my portfolio since I do not sell winners.

I can’t imagine Apple, Microsoft, and Amazon going under but anything is possible. They are up 3, 4, and 2 percent just today. How can you sell?

AMD I never understood and lost money twice on it. But this time I’m holding it. Maybe Apple not using Intel anymore, people assume they are licensing stuff from AMD? I think you just have to own companies run by Bezos, Lisa Su and jensen huang.

Anyway more pressing problems than the overheated stock market. I think I have a rat inside by wall since there’s been noise inside it all night. My pest control company sucks. Anyone have a good experience with a pest control company for rats?

[Coronita]

[quote=plm]I try to pick tech companies
Anyway more pressing problems than the overheated stock market. I think I have a rat inside by wall since there’s been noise inside it all night. My pest control company sucks. Anyone have a good experience with a pest control company for rats?[/quote]

Oof….I’m sorry. or raccoons….

maybe try these guys :

https://sandiegowildlife.net/index.html

[The-Shoveler]

FED expects 6%GDP decline this year.

How many “years” will it take to make that back I wonder.

[scaredyclassic]

[quote=plm]I try to pick tech companies with a strong moat but can always be wrong. Just can’t sell and will let it ride and hope for the best. It’s not like every stock I own are FANG. It’s just FANG does the best and is becoming a much larger part of my portfolio since I do not sell winners.

I can’t imagine Apple, Microsoft, and Amazon going under but anything is possible. They are up 3, 4, and 2 percent just today. How can you sell?

AMD I never understood and lost money twice on it. But this time I’m holding it. Maybe Apple not using Intel anymore, people assume they are licensing stuff from AMD? I think you just have to own companies run by Bezos, Lisa Su and jensen huang.

Anyway more pressing problems than the overheated stock market. I think I have a rat inside by wall since there’s been noise inside it all night. My pest control company sucks. Anyone have a good experience with a pest control company for rats?[/quote]

I had rats for a while and got them myself. very satisfying. Traps in the attic. i remmebr hearing a trap snap shut in the middle of the night and smiling. Not very buddhist or vegan of me. but man it felt good. the last one was the trickiest. man he was wily.

part of what pest guys will do you can definitely start- look for entry points, seal them up. we had a palm tree that gave access to the roof. stuff like that. I loved catching rats.

[plm]

I suppose it could be a raccoon but thought it would be too large to get in but who knows. I know there is a raccoon nearby getting into my food deliveries if I wait too long to bring my packages in.

I suppose I should just let experts take care of it. Alpha Wildlife Removal has great reviews. Researching, I saw that rats would leave if there was no food to get to. I was hoping the animal would just leave if there is no food. I think there might be leftover dead bees after the bee removal guy took out a hive last year from the attic.

Thanks

[gzz]

NKLA is a pretend electric car company that hopes to follow the Tesla model. And it is working, 0 revenue, 0 products, but has stock worth more than many actual car companies.

DUO is a Chinese company called Fangdd Network Group. It went from 10 to 115 yesterday, on no news, because people confused it with “FANG” stocks. Since then it has fallen almost 90% to 15.

While it isn’t fun to get in on good short sells early, every time I’ve had high conviction on them, I end up wishing later on I had gone in bigger.

Just got in the mail a few days ago a notice that my short to 0 of BankUnited is now super-duper delisted. Something about no transfer agent for 7 years means it is considered permanently gone, not even a pink sheet stock.

The type of craziness going on now is a bullhorn blaring we’re approaching the top of a bubble. Low information inexperienced retail buyers flooding the market, time and again, is the last stage of a stock bubble before the crash.

[scaredyclassic]

[quote=gzz]NKLA is a pretend electric car company that hopes to follow the Tesla model. And it is working, 0 revenue, 0 products, but has stock worth more than many actual car companies.

DUO is a Chinese company called Fangdd Network Group. It went from 10 to 115 yesterday, on no news, because people confused it with “FANG” stocks. Since then it has fallen almost 90% to 15.

While it isn’t fun to get in on good short sells early, every time I’ve had high conviction on them, I end up wishing later on I had gone in bigger.

Just got in the mail a few days ago a notice that my short to 0 of BankUnited is now super-duper delisted. Something about no transfer agent for 7 years means it is considered permanently gone, not even a pink sheet stock.

The type of craziness going on now is a bullhorn blaring we’re approaching the top of a bubble. Low information inexperienced retail buyers flooding the market, time and again, is the last stage of a stock bubble before the crash.[/quote]

That last stage can shoot up pretty high

[Author]

Posts