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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 01-07-2021, 09:47 AM   #6556
Hammock Parties Hammock Parties is online now
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I think insiders know a vaccine is going to be in widespread availability very very soon.

A shitload of oil stocks are popping.
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Old 01-07-2021, 10:29 AM   #6557
Hog's Gone Fishin Hog's Gone Fishin is offline
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Has anyone considered buying a clean energy ETF? Perhaps ICLN or PBW?
Both those look good. I might grab a little PBW. 3 of its top 10 holdings are PLUG, BLNK & FCEL which i have all those already. PBW is up 198% last 12 months.
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Old 01-07-2021, 10:29 AM   #6558
scho63 scho63 is offline
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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
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Old 01-07-2021, 10:32 AM   #6559
Hog's Gone Fishin Hog's Gone Fishin is offline
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TSLA up $48 right now. LOL!
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Old 01-07-2021, 10:46 AM   #6560
Buehler445 Buehler445 is offline
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Quote:
Originally Posted by Hammock Parties View Post
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.
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Old 01-07-2021, 10:47 AM   #6561
Buehler445 Buehler445 is offline
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Originally Posted by scho63 View Post
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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Old 01-07-2021, 10:49 AM   #6562
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Quote:
Originally Posted by scho63 View Post
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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Old 01-07-2021, 11:27 AM   #6563
philfree philfree is online now
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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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Old 01-07-2021, 11:43 AM   #6564
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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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Old 01-07-2021, 11:45 AM   #6565
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Old 01-07-2021, 11:49 AM   #6566
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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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Old 01-07-2021, 11:50 AM   #6567
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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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Old 01-07-2021, 01:00 PM   #6568
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I'd be shocked if there isn't a Friday selloff at this point.
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Old 01-07-2021, 01:08 PM   #6569
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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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Old 01-07-2021, 01:19 PM   #6570
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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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