My point is using P/E to value high growth companies is useless. You might as well use a ruler to measure Tesla. Wrong tool.
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My point is using P/E to value high growth companies is useless. You might as well use a ruler to measure Tesla. Wrong tool.
…. Let me rephrase…. I assume Tesla has to offer $7500 to take delivery now because a bunch of people are are saying “Sorry, I can’t take delivery now” because they want to wait a few weeks and get the $7500 fed rebate…..Quote:
Originally Posted by Brock Landers
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Considering the safety record I can’t imagine a regulatory environment that will allow it.Quote:
Originally Posted by MultiVerse
I fucking dumped TSLA already early this morning. Glad I did. Only lost $20..... then it tanked 9% after that.
Fuck Elon Musk.
Stack ranking making a comeback. You’ll get nothing…and like it:
“More Google employees will be at risk for low performance ratings and fewer are expected to reach high marks under a new performance review system that starts next year, according to internal communications obtained by CNBC.”
Nat gas down 20% in a week.
Quote:
Originally Posted by Hott Butt Mud
U got REKT. Vibes.Quote:
Originally Posted by Hott Butt Mud
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So today…solid solid economic news (I’m not a believer but economy is good for now). This means the market will price in a higher chance the Fed is able/willing to continue hiking rates (if need be) either harder (higher magnitude than was priced in) or longer/further out. Makes sense…the economic news isnt keeping them from fighting inflation.
This hits growth stocks particularly hard, and most tech stocks are “growth” to some degree. And it hits higher growth % stocks particularly hard (whether tech or discretionary or whatever). See: Tesla. Plus all the demand questions due to the rebate. Why do they need to offer the 7500??
All of Cathie Woods stuff by nature is high growth. Dennis Lynch at Morgan Stanley same thing. That’s how they do it (similar to private equity). Doesn’t work well in certain environments. Their objective is to buy intuitive surgical in 2013, Amazon in 2006, apple in 2005, etc. those companies had negative earnings.
I was thinking of shorting it for sub $100.Quote:
Originally Posted by Hott Butt Mud
that’s $1500 when he was taking it private at $420Quote:
Originally Posted by Toadman
ARKK seems to have gone out of its way to buy the shittest stocks.... remember when she loaded up on Twitter and Draftkings?
Re-subscribed
Bought a little Tesla today. 113. Probably early, it’s in my sep ira. Small.
Waiting for 90 to buy a fair Amount.
Other than one suggestion I got here a few years ago that's up 150% everything else I own has tanked. At this point I'll hold until they creep back up because why not. I held a little cash back for what's happening now so, is there something I can grab for a few hundred bucks that might have some potential for a short term gain?
Wait until the entire mkt crashes to load up. Sp 3299 ish
I’m buying amzn, google, and now Tesla in my sep, a little bit each month.
I took some gains on Exxon and and General Mills this week and have set that aside to buy more amzn, google and Tesla in my personal account. I also may sell some Mo and jnj in the personal account if they hold up and these blue chip techs keep crashing. But not before everyone is tapping out.
These are all 10-15 yr holds
As far as loading up I agree, I'm just looking for something short term. Maybe something heading into a (hoped for) strong quarter report to add a few bucks here and there.
Dude what did you buyQuote:
Originally Posted by gravitylover
I own a ton of energy stocks. Not much else in stocks. Gold mmm and gold miners.
Few hundred won’t make it or break it either way. Keep in cash or short term treasuries. 1-3 years.
Like it. Like it a lot. MO will get bought from you hold it. How can growth stocks tank so much with rates coming down due to recession! I want to say SP 2900 but can’t get the numerator to be that bad.Quote:
Originally Posted by Cono Este
Credit getting crushed. That fits with 2900 or worse.
Tobacco companies have good dividendsQuote:
Originally Posted by Brock Landers
Sent from my moto g 5G using Tapatalk
GLNCY around $5, it even started paying dividends a while back and unless I'm guessing wrong it should keep trickling up. Another miner would be good but I don't see them as short term plays. Make or break? No, but a few dollars at a time won't hurt and since I only have a few hundred to play with I can't expect much.Quote:
Originally Posted by Brock Landers
Founded by Marc Rich. Rudy Guliani made his name railroading the guy.Quote:
Originally Posted by gravitylover
Great book. Easy read
https://a.co/d/7g0gyUN
Damn, you guys sound pretty pessimistic. I hope your right and going forward isn't a replay of the 70's.Quote:
Originally Posted by 4matic
Only because the market is making me pessimistic. Price is truth. Credit can go either way but prices are making it cloudy.Quote:
Originally Posted by liv2ski
Nat Gas down 40% in less than three weeks.
Bought a tiny bit more Tesla. 110 ish. Probably get a good bounce then lower, but long term hold.
baggieQuote:
Originally Posted by Cono Este
Just sticking my toe In the water. Figure if someone was dumb enough to pay 400, I’ll take it from them for 100
SDG&E just sent all customers a notice that due to much higher gas prices to expect a $120 increase in this years bill compared to last January. That company sucks balls and rapes customers.Quote:
Originally Posted by 4matic
Could you tell that to the CA PUC....Quote:
Originally Posted by 4matic
Quote:
New gas and electric rates went into effect Jan. 1. According to SDG&E, the cost per unit of natural gas — known as a therm — more than doubled over the past year, increasing from $2.36 per therm in January 2022 to $5.11 per therm in January 2023
Ha, jinx with liv2ski....I absolutely hate sdge.
Gas bills are paid in arrears so those bills lag the price of NG. The average price this past year is probably double what it is now. We have to pay the cost of the higher resource from last year because there is a PUC. We don’t pay market rates like gasoline.
Natural gas and electricity trading is dome wild shit. They must be really hurting because those meats are generally rigged.
Electric rates in CT doubled on 1/1.Quote:
Originally Posted by liv2ski
I’ve still been grabbing FAANG (the ones I like) stocks when they go down a dollar. Got 4 AAPL shares at $126 the last two days. AMZN and GOOGL have been steady, none of my stealing them orders have filled.
Got four puts out there, an EPD Jan 20 $22 strike that I sold for $14.34, I could buy that back and make $11.30 but I want all of that $14.34 or the shares. I’ve got an F Jan 6 $10 strike that I sold for $3.34, gonna keep all of that cash. Have an ARCC Jan 20 $18 strike that I sold for $29.34, another one of those where I’m up $16.34 currently but I’d rather have the shares at that cost or all of the premium. I’m underwater on an ET Jan 20 $12.50 strike that I sold for $84.34, once again I was going to buy more shares of ET already, happy to have them or the premium.
I’m kinda digging having cash to just play these stupid small options. None of them are large, but it seems it’ll all tally up in the end. I’m sure at any time I could lose it all, but, probably not. I keep telling myself I should juggle more and see what happens but the other side of myself says chill and see what happens, heh.
BBBY is on the brink. If it goes under, is it the first pandemic meme stock to do so?
The bond mkt remains insane and I personally don't know how 10-year yields don't get and linger above 4% given the jobs data and the Fed's resolve?
I regret not jumping on BABA and TCEHY when they were in the gutter (well, it's probably not too late). Those drops seemed out of touch with reality.
BABA and Tencent are totally at the whim of Xi. Nothing about Chinese tech stocks is tied to earnings, future earnings or performance. There are no fundamentals, not that fundamentals mean anything these days.
I wouldn't touch them.
What the duck is going to happen to amzn, google, and Tesla if the broader mkt sells off?
$50 ish for them all?
Of those three only TSLA has not tested pre pandemic price.Quote:
Originally Posted by Cono Este
Gold can make a big move higher if rates and dollar continue to move lower.