Author Topic: Stocks  (Read 652089 times)

Offline Shmulie

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Re: Stocks
« Reply #6160 on: October 27, 2021, 12:07:32 AM »
Not the same. Their at least the valuation is based on a realistic potential market share, this is totally out of wack ( they are trading at 330 p/e after they have been selling cars for about 8 years).
I due like the company but......

you think 80b valuation for a company who hasn't delivered 1 car is more realistic
than a company which has at least proven themselves to be able to mass produce a product and have positive margins on it?
I also believe that TSLA is overvalued currently but I'd way sooner put my money on them then any of the other brand new EV companies that have no clue how hard it is to succeed in the auto industry

Online Ver hut gazugt

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Re: Stocks
« Reply #6161 on: October 27, 2021, 12:15:29 AM »
you think 80b valuation for a company who hasn't delivered 1 car is more realistic
than a company which has at least proven themselves to be able to mass produce a product and have positive margins on it?
I also believe that TSLA is overvalued currently but I'd way sooner put my money on them then any of the other brand new EV companies that have no clue how hard it is to succeed in the auto industry

that is crazy too, maybe more crazy hard to tell and talk about free money.


Offline UKinNYS

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Re: Stocks
« Reply #6162 on: October 27, 2021, 06:08:16 PM »
$SHIB guys like  8)
/photo/1

Offline yos9694

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Re: Stocks
« Reply #6163 on: October 27, 2021, 06:30:54 PM »
$SHIB guys like  8)
/photo/1

What's shib?  NYSE or NASDAQ?

Offline ExGingi

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Re: Stocks
« Reply #6164 on: October 27, 2021, 06:35:54 PM »
What's shib?  NYSE or NASDAQ?

I've been waiting over 5 years with bated breath for someone to say that!
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Offline Shmulie

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Re: Stocks
« Reply #6165 on: October 27, 2021, 07:19:17 PM »

How many different cryptos are there? I'm tempted to just buy $10 of each

Offline yos9694

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Re: Stocks
« Reply #6166 on: October 28, 2021, 09:22:04 AM »
Since someone brought up Shib, just want to share that overnight all the market cap calculators fixed a glitch that was hiding 50% of the circulating supply. Yesterday they were calculating market cap based on 394T tokens, and today its based on 590T tokens (which is correct). A price correction to adjust for that mistake would make sense.

Also, the dormant wallets that hold huge amounts of Shib (like the one in the earlier post with 70T) are a looming threat. At any moment they can be activated and flood the supply side.

Offline ExGingi

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Re: Stocks
« Reply #6167 on: October 28, 2021, 09:28:00 AM »
Also, the dormant wallets that hold huge amounts of Shib (like the one in the earlier post with 70T) are a looming threat. At any moment they can be activated and flood the supply side.

Which is why this is meaningless (as is Elon Musk's paper net worth). At any point that one of the huge bag holders tries to realize any gains it is likely to create a waterfall that will bring valuations down to earth from the stratosphere.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline yos9694

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Re: Stocks
« Reply #6168 on: October 28, 2021, 09:28:56 AM »
How many different cryptos are there? I'm tempted to just buy $10 of each

According to coinmarketcap.com there are currently 13,284.

Offline UKinNYS

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Re: Stocks
« Reply #6169 on: October 28, 2021, 12:12:13 PM »
short answer, gambling - same for all meme stocks/ crypto
What's shib? 

Offline yos9694

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Re: Stocks
« Reply #6170 on: October 28, 2021, 12:37:22 PM »
Which is why this is meaningless (as is Elon Musk's paper net worth). At any point that one of the huge bag holders tries to realize any gains it is likely to create a waterfall that will bring valuations down to earth from the stratosphere.

That is true but wasn't the point here. By underststing supply many people were misled about the relative scarcity, which is important in setting entry/exit points. Has nothing to do with liquidity stress- liquidity would be wiped out much lower than 300 trillion too

Offline coffeebean

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Re: Stocks
« Reply #6171 on: October 28, 2021, 01:14:37 PM »
What's going on with Lucid?
I try to sound as intelligent as possible.

Online YitzyS

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Re: Stocks
« Reply #6172 on: October 28, 2021, 01:44:27 PM »
Can someone tell me if my assessment is correct.

RFL dropped from $31 to $6 after a disappointed drug test result. The stock as been worth between $22 and $63 this year. Would it not be worth speculating in it now, as people don't usually easily give up shares that were worth so much for so long, and it will probably rebound somewhat (even if it dips lower first)?

Remember, I'm new to this game, so don't all beat me at once.
Monkeys don't fly unless you put them on airplanes

Online YitzyS

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Re: Stocks
« Reply #6173 on: October 28, 2021, 02:08:04 PM »
Can someone tell me if my assessment is correct.

RFL dropped from $31 to $6 after a disappointed drug test result. The stock as been worth between $22 and $63 this year. Would it not be worth speculating in it now, as people don't usually easily give up shares that were worth so much for so long, and it will probably rebound somewhat (even if it dips lower first)?

Remember, I'm new to this game, so don't all beat me at once.
Right now it's at $8.56
Monkeys don't fly unless you put them on airplanes

Online YitzyS

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Re: Stocks
« Reply #6174 on: October 28, 2021, 02:13:38 PM »
I opened an e*trade account on June 28 and put in $72. It's not 4 months later - to the day - and my net account value just reached $144, double my investment.
Monkeys don't fly unless you put them on airplanes

Online AsherO

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Re: Stocks
« Reply #6175 on: October 28, 2021, 02:13:49 PM »
Can someone tell me if my assessment is correct.

RFL dropped from $31 to $6 after a disappointed drug test result. The stock as been worth between $22 and $63 this year. Would it not be worth speculating in it now, as people don't usually easily give up shares that were worth so much for so long, and it will probably rebound somewhat (even if it dips lower first)?

Remember, I'm new to this game, so don't all beat me at once.

The fact that people don't want to sell their stock won't drive up prices unless there's someone willing to pay. Their biggest clinical trial failed, so their R&D's value is much less compelling.

"Past performance is no guarantee of future results"

Offline shmoe joe

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Re: Stocks
« Reply #6176 on: October 28, 2021, 02:14:34 PM »
Can someone tell me if my assessment is correct.

RFL dropped from $31 to $6 after a disappointed drug test result. The stock as been worth between $22 and $63 this year. Would it not be worth speculating in it now, as people don't usually easily give up shares that were worth so much for so long, and it will probably rebound somewhat (even if it dips lower first)?

Remember, I'm new to this game, so don't all beat me at once.
@YitzyS if youre planning in running 2024 (as seen in your profile pic) then you gotta Start rubbing shoulders of the Wall Street guys right now!
give some love (likes) to a brother!

Offline shmoe joe

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Re: Stocks
« Reply #6177 on: October 28, 2021, 02:22:23 PM »
I opened an e*trade account on June 28 and put in $72. It's not 4 months later - to the day - and my net account value just reached $144, double my investment.
which stock?
give some love (likes) to a brother!

Online AsherO

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Re: Stocks
« Reply #6178 on: October 28, 2021, 02:26:53 PM »
I opened an e*trade account on June 28 and put in $72. It's not 4 months later - to the day - and my net account value just reached $144, double my investment.

At the rate you're going you'll be a millionaire in less than 5 years :P

Offline ExGingi

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Re: Stocks
« Reply #6179 on: October 28, 2021, 02:43:03 PM »
I opened an e*trade account on June 28 and put in $72. It's not 4 months later - to the day - and my net account value just reached $144, double my investment.

Beautiful.

I had an old HSA account with under $60 left in it before I rolled it over to Fidelity. It's has tripled by now. I can tell you that this is NOT scalable. I would never take similar risks with my ROTH IRA (though if one were to carefully analyze the moves I made, they were probably not too risky, just lacked diversification).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan