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08-31-2020, 11:24 AM | #5986 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
But then again Bitcoin was supposed to hit 100K too. |
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Posts: 40,779
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08-31-2020, 11:29 AM | #5987 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Man, I have no idea. I keep hearing that it's overvalued and it sure seems like it. But it just keeps going up, so someone knows something that we don't.
I'm tempted to buy a tiny bit more. I jokingly posted in another thread that if it keeps up this year's pace for six more years I'll be a billionaire. If it does it for three more years, my $2,500 investment will be worth over $3 million. It's a silly thing to think about, and I'm saying that stuff jokingly, but at the same time, it's kept the pace for eight months now. What's another 36? I've told the story before, but I made a major screwup 25 years ago when I bought Dell stock very early and then sold it. I'm not making that mistake again. Heck, buy two shares. If you lose $500, big deal. But if it keeps going and those two shares go up tenfold it's a nice win. As Kevin Malone once said, "Any time you get 10,000 to 1 odds, you take it. If John Mellencamp ever wins an Oscar, I'm going to be a rich man." |
Posts: 142,670
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08-31-2020, 12:02 PM | #5988 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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08-31-2020, 12:05 PM | #5989 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 52,112
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08-31-2020, 12:34 PM | #5990 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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FWIW the dollar is taking a dive.
Not sure what that means for much of anything other than hopefully it will help exports. But it may be a sign of weakness in the overall economy. At least compared to other countries currencies. |
Posts: 57,710
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08-31-2020, 05:01 PM | #5991 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
And I ALMOST pulled the trigger on Zoom this morning but didn't |
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Posts: 40,779
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09-01-2020, 09:40 AM | #5992 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,670
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09-01-2020, 09:54 AM | #5993 |
MVP
Join Date: May 2001
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Posts: 18,221
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09-01-2020, 10:51 AM | #5994 |
The Seated Villain
Join Date: Apr 2007
Location: Seattle
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I placed an order for a WMT option yesterday at $335, but it didn't go through because the price shot up to $345 immediately as I placed it. I could have placed it again at the higher price but decided against it. That option is worth $900 today.
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Posts: 10,689
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09-01-2020, 11:35 AM | #5995 |
MVP
Join Date: Mar 2019
Location: KC
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One could keep cash aside waiting for market corrections.
it is getting around that time of year. |
Posts: 7,497
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09-01-2020, 11:48 AM | #5996 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
He is a blue collar guy who owns a vending machine business with his brother and sister that they started. Shows how saving and investing pays off over 25-30 years. |
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Posts: 52,112
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09-01-2020, 02:20 PM | #5997 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,779
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09-01-2020, 03:41 PM | #5998 |
MVP
Join Date: Oct 2006
Location: West of the Equator
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It wouldn't surprise me if Tesla made a stock offering. Lots of people have made lots of money and none of that goes to Tesla. Not sure if Tesla owns its own stock but adding a few billion to the corporate balance sheet would help. It wasn't that long ago that musk said they nearly ran out of money and thought they might have to shut down.
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Posts: 13,705
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09-01-2020, 05:07 PM | #5999 | |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Quote:
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Posts: 15,356
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09-02-2020, 04:31 PM | #6000 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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My Amazon stock is now $3,531. Got the RSU's at $1,782.
Sad I didn't get granted more.... |
Posts: 52,112
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