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The entire healthcare sector is chasing that valuation. It's gone crazy. Call yourself virtual care or AI and they are throwing tens and hundreds of millions at you. Then the M&A starts behind it. Then the blank check SPAC's. It's fund now, ask questions later. I know it's more than that. Maybe these guys are that smart. I dunno
So...my takeaway: stay away from healthcare tech. Stick to the big insurers who are going to make money regardless unless a Bernie type is elected. My $ANTM and $UNH are at their all time highs.
Been holding that for a while. Only have 200 shares but it was one of the bunch I bought a few months ago. If it switches over tomorrow I’ll see what it does. It’s in my IRA so no worry about taxes when selling but seems like it’s got potential long term.
Maybe Bezos should have been doing some work rather than sitting on the couch eating chips and letting his company go down the toilet.
What do you think happens to health insurance companies when the US joins the rest of the world with socialized healthcare?
I work in healthcare, but I"m no expert. I don't know when (if) the US will move to socialized medicine. Obamacare was a minor step and hardly in that direction, but major carriers were key in the state marketplaces. The government was not insuring folks, they had to buy insurance on the marketplace from private carriers. If Biden does the same and this becomes the compromised norm (doubtful, but maybe Republicans concede to this rather than Medicare for All), then insurance carriers make out well.
Why does it matter, we won't be around to see what happens.
Glad you waited. I originally got in about $18 and even though I bought more yesterday, still in the green 8%.
I would only invest a small $$$ amount. like 5% as a learning/play money for most of the stuff in this thread until you feel comfortable. It's been a great market for a long time which makes everything look gravy.
Ebbs and flows. Past few days were rough on SPAC type stuff and some tech stocks popped tonight likely igniting the SPACs.
Cathie Wood is a noted investor and her funds bought LGVW today. She has a strong following that tails her on buys.
Just poking at how much you change your mind.
$nnox has their demo at 930am Eastern tomorrow
can't have the same mindset on all stocks IMHO. DKNG is a unique company in an emerging market. LGVW not so much. My doctor buddies are not run of the mill MDs. They have made me a lot of money over the past 10 years. Got me in on CRISPR early...made a boatload.
It's all good. Your initial post didn't have much info so I was like WTF? Appreciate the follow up explaining why you changed your mind.
Wood buying wasn’t today. That’s week old news. That’s why it popped up before dropping Monday/Tuesday. It’s popped today because it’s an SPAC and some of them move in sympathy. Just like EVs and WFH/tech stocks. That’s been happening a lot this year.
Hasn't done diddly in 4 months. That's plenty of time off. GE was a great stock back in the day too. Now that I mentioned it, even GE has about doubled during the last 4 months. Freaking department stores like Kohl's and Nordstrom have doubled in that time. Companies that don't even have a product like RIDE and NNOX have doubled in that time. Floating petri dishes are punching him in the nose like they are a young Tyson. It's like he's running an inverse ETF during a bull run. Dude needs to take some lessons from Elon, he doesn't take time off and neither does his stock. Stonks go up, get with the program Jeffrey.I hope Jeff is enjoying some well deserved time off. Made me a fortune this year.
Agree. I'm pretty pissed. I have 70+ shares and im in the red. I coulda played darts and made more
Here you go from 11/24:
When did you start investing? Also, do you have accounts with index funds/ETFs? If you own an S&P 500 type fund, 5% or so is Amazon. I think I figured out that 15-20%ish of my index type funds were Apple, Google, Amazon and Facebook. If you’ve enjoyed any of the past decade’s stock run up in funds/ETFs you’re in the green on Amazon.Agree. I'm pretty pissed. I have 70+ shares and im in the red. I coulda played darts and made more
Better not see "christmas was already factored in" after they blow away earnings.
I didn't say or imply she didn't buy earlier, I knew she had. I specifically said she bought today, and that may have contributed to post market rally.
Ok, I was just saying that I don’t think that was the impetus today. People already knew that and with all of the different funds/multiple investments expected. I think it was really as simple as SPACs can sometimes run in packs due to FOMO/retail investors. Look at GMHI, almost identical days. Started way down and increased a lot at the end of the day and way up in AH. Not exactly the same %s, but LGVW did the same as did a bunch of other SPACs. It’s not the same everyday but reading some of those r/wsb discussions and you’d think those guys have literally every penny in TSLA, SPACs and PLTR. Most have no clue what the company’s do. It’s amusing. Still there are enough daily traders now that they appear to be able to move small stocks. I saw discussions on both GMHI and LGVW on there.
LOL. I was in this thread 10 years ago. Started with $2K. Wish I could say I was successful, I kept going for homeruns and would sometimes buy and sell within minutes. I had no patience and still struggle with that.When did you start investing? Also, do you have accounts with index funds/ETFs? If you own an S&P 500 type fund, 5% or so is Amazon. I think I figured out that 15-20%ish of my index type funds were Apple, Google, Amazon and Facebook. If you’ve enjoyed any of the past decade’s stock run up in funds/ETFs you’re in the green on Amazon.
That said, you’ve done what many a man couldn’t do, not make money on Amazon stock. Congrats?
Dude...that's not cool.When did you start investing? Also, do you have accounts with index funds/ETFs? If you own an S&P 500 type fund, 5% or so is Amazon. I think I figured out that 15-20%ish of my index type funds were Apple, Google, Amazon and Facebook. If you’ve enjoyed any of the past decade’s stock run up in funds/ETFs you’re in the green on Amazon.
That said, you’ve done what many a man couldn’t do, not make money on Amazon stock. Congrats?
The facebook debate was very interesting. If I remember, It dropped quite a bit in the beginning.
igeon:
