I’m done trying to worry about stuff. So many things in here you miss but I feel like I’m low on cash right now. I’ve got a rollover for my wife in process that hopefully gets sent soon as I’ve got a few things to buy and hold.I was told there would be a 10% drop if the Democrats took the Senate.
I’m absolutely worried but I don’t feel like I’ve got much short term stuff so I can handle a dip. Just feels like nothing can lose right now. Even stodgy banks like BAC are at their peaks of the last decade even though their revenue is still right in the $80-90B channel they’ve been in for years and I don’t see them innovating at all.
FCEL that todem mentioned as not as good fundamentally as his BLDP pick has been rolling lately but their revenue has been falling for years. Their 2020 revenue looks up maybe 10%, which is the first time in a while but their P/S is almost 70. ZM’s price to sales is similar and their growth rate was off the charts. FCEL is priced as if it’s already succeeded and is revenue is 3-4 times what it is and continuing to grow at 25% a year. I know there’s clean energy focus but there’s a ton of competition. Reminds me of LAZR in the LIDAR area. Seems like a growth business just a big market cap for basically an auto-supplier. There also seems to be a new LIDAR company going public through an SPAC every day. I feel like I’ve read about 10 of them now.
It really is a wacky time and there’s no doubt in my mind that in 5 years, 80% of these new companies will be worth nothing. Ride the wave though. Hard to tell if my stocks are the rage or the new laggards because it changes every day.