Money Investing megathread extravaganza - Page 442

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Hog's Gone Fishin · 01-07-2021, 10:32 AM

TSLA up $48 right now. LOL!

**Buehler445** · 01-07-2021, 10:46 AM

Quote:

Originally Posted by Hammock Parties

I think insiders know a vaccine is going to be in widespread availability very very soon.

A shitload of oil stocks are popping.

I'd make the argument that's priced into the market.

I certainly don't think the current runup in the covid era is supported by fundamentals.

**Buehler445** · 01-07-2021, 10:47 AM

Quote:

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.

Peter Gibbons · 01-07-2021, 10:49 AM

Quote:

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.

philfree · 01-07-2021, 11:27 AM

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.

**Buehler445** · 01-07-2021, 11:43 AM

Quote:

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.

philfree · 01-07-2021, 11:45 AM

Triple D! Diners, Drive Ins and Dives! DDD up over 100% today!

**Buehler445** · 01-07-2021, 11:49 AM

Riiiight. So Musk is now the richest dude on the planet.

3 months ago he was a long way behind Bezos.

This is silly.

**DaFace** · 01-07-2021, 11:50 AM

Quote:

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?

Hammock Parties · 01-07-2021, 01:00 PM

I'd be shocked if there isn't a Friday selloff at this point.

**Rain Man** · 01-07-2021, 01:08 PM

Quote:

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.

Peter Gibbons · 01-07-2021, 01:19 PM

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.

ghak99 · 01-07-2021, 01:28 PM

This is insane.

Anyone see a reason why this run won't last 60 more days?

**Rain Man** · 01-07-2021, 01:29 PM

Quote:

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.

Hammock Parties · 01-07-2021, 02:07 PM

Quote:

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.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1906899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 51,854

01-07-2021, 10:32 AM	#6616
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1580477	TSLA up $48 right now. LOL!
Posts: 40,368

01-07-2021, 11:27 AM	#6620
philfree Indian Twitter Join Date: Nov 2000 Location: Free Agency Casino cash: $1526198	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. __________________ [/SIGPIC]
Posts: 14,989

01-07-2021, 11:45 AM	#6622
philfree Indian Twitter Join Date: Nov 2000 Location: Free Agency Casino cash: $1526198	Triple D! Diners, Drive Ins and Dives! DDD up over 100% today! __________________ [/SIGPIC]
Posts: 14,989

01-07-2021, 11:49 AM	#6623
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $2194734	Riiiight. So Musk is now the richest dude on the planet. 3 months ago he was a long way behind Bezos. This is silly.
Posts: 56,845

01-07-2021, 01:00 PM	#6625
Hammock Parties I'll be back. Join Date: Nov 2002 Casino cash: $4590478	I'd be shocked if there isn't a Friday selloff at this point. __________________ Chiefs game films
Posts: 278,277	1 0

01-07-2021, 01:19 PM	#6627
Peter Gibbons Veteran Join Date: Dec 2019 Location: Ohio Casino cash: $1710400	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.
Posts: 1,768

01-07-2021, 01:28 PM	#6628
ghak99 MVP Join Date: Jan 2007 Location: Missouri Casino cash: $1802250	This is insane. Anyone see a reason why this run won't last 60 more days?
Posts: 8,218