Desert_Power
Footballguy
Between banks and energy, today slaps.My big move into Bank Bulls is paying off. BNKU just jumped into my top 3 holdings in my play account (trailing DKNG and LRNZ)
Between banks and energy, today slaps.My big move into Bank Bulls is paying off. BNKU just jumped into my top 3 holdings in my play account (trailing DKNG and LRNZ)
Agreed. Thanks @hooter311. You mentioned a crypto write up a little while back. Did you ever get around to that? I would be really interested to hear your thoughts on owning coin vs miners, if it’s worth buying at these levels or if you would expect a pull back, etc.GBTC is a monster that cannot be stopped. Thanks @hooter311
It’s amazing. P/E way over 1000 now and that’s even knowing that the tax credits are what gave them profit to start. I know Toyota and GM aren’t as fashionable but Tesla’s PE is around 100x what there’s is. I can get the growth difference and Tesla having a premium but 100x?I think a lot of us having been expecting reality to set in with tesla for some time now. I just don't get it...
Until they do.I’ve stopped caring about why Tesla is going up and am just enjoying Tesla going up. Fundamentals don’t always mean anything anymore.
Tell me about it..Knowledge is always helpful and never a waste of time. But sometimes it will drive you nuts when trying to make sense of the cult stocks.
I did and then got back in at 598. I dunno, just seems like a stock everybody wants.Until they do.
When did you buy back in? I thought you flipped some last month?
Are you playing the other EV stocks that have been mentioned in here?I did and then got back in at 598. I dunno, just seems like a stock everybody wants.
NopeAre you playing the other EV stocks that have been mentioned in here?
I have been wrong on this stock for a while. I made some great money on it years ago. I never got back in. And I won’t. It’s too late. Because I do believe it will end badly in the future. I am not a believer. I think there will be far too much competition and when the general investment public realizes this it will be too late. It is the classic cult stock.It’s amazing. P/E way over 1000 now and that’s even knowing that the tax credits are what gave them profit to start. I know Toyota and GM aren’t as fashionable but Tesla’s PE is around 100x what there’s is. I can get the growth difference and Tesla having a premium but 100x?
Market cap wise, I believe Tesla is worth more than GM, Toyota, VW, BMW, Daimler, Hyundai, Mazda, Subaru, Ford and Nio/other Chinese EVs combined. That’s interesting.
I even get the you can’t think of it as a car company but they’ve been public for almost 10 years and they’re still a car company that bought Musk’s solar company.
Not in the short term. Make no mistake.....in the long term they always do.I’ve stopped caring about why Tesla is going up and am just enjoying Tesla going up. Fundamentals don’t always mean anything anymore.
Yeah....I’d like some of whatever $FLGT has been having lately.
I love my Tesla. I don't think I will buy a gas powered car again.I have been wrong on this stock for a while. I made some great money on it years ago. I never got back in. And I won’t. It’s too late. Because I do believe it will end badly in the future. I am not a believer. I think there will be far too much competition and when the general investment public realizes this it will be too late. It is the classic cult stock.
Ask yourself this question. Can you live without TSLA?
Can you live without Google, AMZN, APPL
I can almost assure you 99% of people can say yes to TSLA but you will not find it that easy for the other 3 I mentioned.
I know this sounds so simplistic.....but TSLA is being traded like it is the greatest thing since sliced bread. My business partner owns a P90.....I can’t stand it. I drove it once and said...not for me....not ever.
Anyway....I always say you can’t own everything. And I am not one to chase a stock I do not believe in nor see the fundamentals nor intellectual property justifying these multiples and this kind of run up.
Good luck if you own it. I know several people who made a fortune in this and sold it already. I suggest the same if you own it.
It's insane, but it keeps going up.Market cap wise, I believe Tesla is worth more than GM, Toyota, VW, BMW, Daimler, Hyundai, Mazda, Subaru, Ford and Nio/other Chinese EVs combined. That’s interesting.
Speaking of cult stocks, anybody riding PENN? I know sportsbetting is taking off in general, but this is just Barstool fans buying the stock at any price because they’re loyal right?I’ve stopped caring about why Tesla is going up and am just enjoying Tesla going up. Fundamentals don’t always mean anything anymore.
+1I love my Tesla. I don't think I will buy a gas powered car again.
But yeah Tesla stock makes no sense.
Was wondering that too. Nice bonus on the rare time this thing ever moves.GM/others, any reason why COBCF is now up 32% on the day to what I think is a 52-week high? I was all set to harvest the tax losses but now I'm close to break even on it and am wondering if I should hold.
Cobalt seems to be catching a bid after years of dormancy. Other than that, we're left to guess. Tried to engage the CEO but he was tight lipped about anything coming that might be a catalyst for higher prices.GM/others, any reason why COBCF is now up 32% on the day to what I think is a 52-week high? I was all set to harvest the tax losses but now I'm close to break even on it and am wondering if I should hold.
It seems like it. Aside from the physical gambling it has, the stock itself has absolutely been based on online wagering like DKNG. I have no clue if that is going well or not. I wonder if it will be similar to pot stocks were when they got hot. The assumption was that everyone including grandmas were going to start toking up and that there’d be pot in wine coolers and beer etc. It seems like pot stocks have done well lately. Tilray has almost tripled since September to over $11. That looks good until you look back and realize during the craziness it was around $150 in late 2018. I think some of these online gambling things could be like that if they are starting from scratch. I like DKNG because they already have DFS in place, but PENN is valued almost the same with the assumption that they’ll get there. I think EV stocks are in that same boat. In a few years EVs will be just cars like LCD TVs became TVs. If every car was an EV would the entire automobile industry be worth 5-10x what it is? Not sure but there’s a gigantic premium and it might not last.Speaking of cult stocks, anybody riding PENN? I know sportsbetting is taking off in general, but this is just Barstool fans buying the stock at any price because they’re loyal right?
Good job. Wish I went for the ride but yeah, I don’t think it’s a bad call to take some profits.Sold off some BEEM today. Figured today was a nice time to lighten up on it after getting a bit of a scare the last two days. It was also getting to be way too outsized of a position for me. Plus, I want to add some new positions to the portfolio - a little BLDP for sure. Can't miss out on the Todem Totes!
Last time I trimmed was to protect some of my "only" 200% gain. Back up to 400% on this one again with today's bounce, probably time to trim some more.Sold off some BEEM today. Figured today was a nice time to lighten up on it after getting a bit of a scare the last two days. It was also getting to be way too outsized of a position for me. Plus, I want to add some new positions to the portfolio - a little BLDP for sure. Can't miss out on the Todem Totes!
Us TRUFF holders would like to see him add magic mushrooms to the list.Governor Cuomo has announced his goal to increase gambling and cannabis all in the same day. Anybody know the best legalized prostitution plays? Because I think we only have at most an hour to jump in.
I’ve mentioned AAXN. Tasers and body cameras, plus a recurring revenue source in their evidence.com camera data storage.What are some good security companies to invest in? Caravans are forming again.
This has been a solid position for me over the past couple years. High growth and margins in the data side of the business, and long term contracts. With more of a push around transparency and also moving into other government agencies, I believe this continues to grow on a healthy basis. Plus they have the best product and ability to integrate body cam and in car footage.I’ve mentioned AAXN. Tasers and body cameras, plus a recurring revenue source in their evidence.com camera data storage.
I’m not sure if this is why, but a question on a consumer satisfaction survey sent to new XBOX owners asked if they wished their controllers had the same haptics as the PS5. Could suggest Microsoft decides to upgrade.Whoever turned the IMMR machine back on, thanks!
Almost a buck swing in 10 minutes.
Bought some IMMR on the dip today. Looking forward to tracking this one for awhile.
Man, you weren't kidding.Gonna be volatile so hang in there. Will be hilarious if we make a bunch of money because Pornhub paid them licensing fees for body suits (as is rumored, not sure if serious.)
I don’t remember who mentioned it originally but up 1100% since JulyBig thanks to whomever mentioned CLSK right before Xmas. Up 30% today and a double since 12/21.
This is one of my 2020 regrets, but I was just starting out and learning. Bought this one all the way back in June when it was 2.45. Sold at 3.40. I only had 24 shares, but still...Big thanks to whomever mentioned CLSK right before Xmas. Up 30% today and a double since 12/21.
YepI’ve stopped caring about why Tesla is going up and am just enjoying Tesla going up. Fundamentals don’t always mean anything anymore.
This is, among other reasons, why I like my sector ETFs. No friggin idea what companies will be successful, but QCLN is doing alright.Are you playing the other EV stocks that have been mentioned in here?
Some I hold, some I trade. I understand what Tesla is, I have stops on it so I’ll make my money no matter what. I just don’t adhere to any sort of old school fundamental standard. The market doesn’t care so why should I. Things have changed dramatically with the robinhood crowd and so my thinking has changed with it.Not in the short term. Make no mistake.....in the long term they always do.
That is the difference between a trade and a investment.
Take a look at PU$$YGovernor Cuomo has announced his goal to increase gambling and cannabis all in the same day. Anybody know the best legalized prostitution plays? Because I think we only have at most an hour to jump in.