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03-05-2021, 07:28 PM | #8221 | |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,727
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03-05-2021, 11:30 PM | #8222 |
Supporter
Join Date: Dec 2005
Location: Highlandville, MO
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I don't know about you guys, but my portfolio sure took a big swing today. This morning, I was down 10%. Almost everything in my portfolio was red again. But at close, I was up 10%. Most everything was green, and OZSC was up 75%. Nice to see. Hopefully more green days ahead. I've taken a real blood bath the last 3 weeks.
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Posts: 12,677
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03-06-2021, 07:37 AM | #8223 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
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Posts: 18,448
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03-06-2021, 11:48 AM | #8224 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,611
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03-06-2021, 11:52 AM | #8225 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,611
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03-06-2021, 02:45 PM | #8226 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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is there a way to invest in particle board and particle board furniture? that shit is EVERYWHERE.
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Posts: 11,894
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03-06-2021, 02:55 PM | #8227 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,020
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03-07-2021, 01:07 AM | #8228 |
I'll be back.
Join Date: Nov 2002
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i'm horney!!!
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Posts: 284,897
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03-07-2021, 01:16 AM | #8229 |
Banned
Join Date: Jan 2013
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I like that it's here, but Casa Grande? S bound I-10 gonna suck bad in the mornings. My side of town is where heavy traffic alleviates. This will temper that a great deal. Both east and west.
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Posts: 53,803
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03-07-2021, 09:12 AM | #8230 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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That is a hefty volume goal of 800k cars per year. Tesla delivered 500k in 2020 and that’s the category leader. Lucid starting with a luxury model is the lowest model volume category behind coupes. Gonna be a while before most of this plant is used but if the quality of the cars is there these guys are set up for long term succeeds. Long hold on this stock could be a good play. 25 bucks right now
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Posts: 11,894
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03-07-2021, 09:36 AM | #8231 |
Andy Reid Supporter
Join Date: Apr 2012
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I like my stock picks because of their long term potential. They値l be back.
NIO is the only one in question for me |
Posts: 47,291
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03-07-2021, 09:42 AM | #8232 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
I took profits on the ones I felt pretty good about and am left with ones I'm meh on. In my (basically gambling) account: I have Disney, which I was pretty high on, until the whole cancel thing reared it's ugly head - knowing my luck as soon as I buy stock, cancel culture will break a company. I'm up pretty good on Exxon, just looking for a place to get out, I don't think that's a long termer. NIO - I might hang on to that awhile, it's just one share, but it's been a dog. |
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Posts: 57,567
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03-07-2021, 09:57 AM | #8233 |
Andy Reid Supporter
Join Date: Apr 2012
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Posts: 47,291
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03-07-2021, 10:04 AM | #8234 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,567
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03-07-2021, 07:38 PM | #8235 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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I still think that the stimulus passage was already cooked into the current pricing and the bigger issue we see is the run-up on safe yields from treasuries.
Indices are dropping because TNX is rocketing up. Valuation theory 101. All a stock is worth is its future cash flows discounted to present value. The rate for discounting is set to a 'risk-free rate', which is often set to TNX for convenience. When TNX goes up, valuations go down. It is an exponential relationship, which is why a small move in TNX can crush stocks by a lot because people can park money here risk free. TNX could still go up to around 2.00, so there is still a lot more room to drop for many stocks based on current pricing. It's not really a 'dip' if the fundamental valuation for equities has changed. I still expect a drop this week, although we may have a large 1-2 green days in the mix. |
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