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01-07-2021, 10:32 AM | #6616 |
Fish are scared of me
Join Date: Nov 2001
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TSLA up $48 right now. LOL!
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Posts: 40,779
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01-07-2021, 10:46 AM | #6617 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
I certainly don't think the current runup in the covid era is supported by fundamentals. |
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Posts: 57,710
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01-07-2021, 10:47 AM | #6618 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Even so much as total frauds (NKLA) getting run. But NKLA is out so maybe we've learned. |
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Posts: 57,710
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01-07-2021, 10:49 AM | #6619 |
Veteran
Join Date: Dec 2019
Location: Ohio
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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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Posts: 1,814
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1 0 |
01-07-2021, 11:27 AM | #6620 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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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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Posts: 15,357
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01-07-2021, 11:43 AM | #6621 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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01-07-2021, 11:45 AM | #6622 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Triple D! Diners, Drive Ins and Dives! DDD up over 100% today!
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Posts: 15,357
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01-07-2021, 11:49 AM | #6623 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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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. |
Posts: 57,710
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01-07-2021, 11:50 AM | #6624 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
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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Posts: 52,338
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01-07-2021, 01:00 PM | #6625 |
I'll be back.
Join Date: Nov 2002
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I'd be shocked if there isn't a Friday selloff at this point.
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Posts: 286,086
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1 0 |
01-07-2021, 01:08 PM | #6626 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,672
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01-07-2021, 01:19 PM | #6627 |
Veteran
Join Date: Dec 2019
Location: Ohio
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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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Posts: 1,814
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01-07-2021, 01:28 PM | #6628 |
MVP
Join Date: Jan 2007
Location: Missouri
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This is insane.
Anyone see a reason why this run won't last 60 more days? |
Posts: 8,643
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01-07-2021, 01:29 PM | #6629 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
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. |
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Posts: 142,672
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01-07-2021, 02:07 PM | #6630 |
I'll be back.
Join Date: Nov 2002
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Posts: 286,086
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