Blazin
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I guess, feels new to me anyway, since maybe August-Sept? And has been increasing in intensity
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Investing General Discussion
- Thread starter Furious
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I guess, feels new to me anyway, since maybe August-Sept? And has been increasing in intensity
LachiusTZ
Rogue Deathwalker Box
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From what I understand, companies have trended towards inflated valuation for a while now.
I'm all for long term and stable, I just dont see a lot of that. Chaos everywhere.
Blazin
you are pretty fucking respected here, so if you want the thread to be more grounded, being more active would likely accomplish that goal.
I'd be thrilled for you to post more.
I'm all for long term and stable, I just dont see a lot of that. Chaos everywhere.
Blazin
you are pretty fucking respected here, so if you want the thread to be more grounded, being more active would likely accomplish that goal.I'd be thrilled for you to post more.
Blazin
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From what I understand, companies have trended towards inflated valuation for a while now.
I'm all for long term and stable, I just dont see a lot of that. Chaos everywhere.
I'd be thrilled for you to post more.
It's just not my style and never will be, and I think it's so damaging I don't want to really be associated with it. I'm in this for the long haul, I preach being the Tortious if people want to YOLO the Hare life I don't really have anything to add.
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Sanrith Descartes
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I will shoulder part of the blame for any change in direction this thread took. I look for returns where I can find them. 75% of my portfolio is long term quality and set. The other 25% I am using to trade. I also look at more exotic positions like SPACs. I dont view the SPAC in and of itself as bad as a vehicle. I examine the company they are merging with as well as the management team who is forming the SPAC. Most are crap but some are gems or have the potential to be gems.
The WSB crowd aren't going away so if I can use their ignorance and exuberance to make me money than I will. My intention posting in this thread is to hopefully share some knowledge and insights and hopefully help people make some money. I personally hope
Blazin
can look past the changes in this thread and participate more often because he is easily the most experienced and knowledgeable amongst us and I find his guidance invaluable. Its made me a better investor and bought me some tendies.
The WSB crowd aren't going away so if I can use their ignorance and exuberance to make me money than I will. My intention posting in this thread is to hopefully share some knowledge and insights and hopefully help people make some money. I personally hope
Blazin
can look past the changes in this thread and participate more often because he is easily the most experienced and knowledgeable amongst us and I find his guidance invaluable. Its made me a better investor and bought me some tendies.- 1
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I never heard of WSB until this thread referrenced them a few times. I readily admit i'm going through a "phase", luckily only with a minority of my investment money though.
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Cramer talking about GMHI and the new symbol tomorrow (LAZR). Remember this stock was down 18% this morning... insane ehFogel ?
Edit now up 18%
I bought into them some off of your earlier postings awhile back, did Cramer have good things to say about LAZR? up almost 80 percent or something in it, might be time for a trailing stop loss, but then again I have to wait for the new symbol to materialize in the holding I suppose.
Fogel
Mr. Poopybutthole
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If it makes you feel any better, most of my portfolio is still in QQQ/SPY and if I lose what I've been trading in my brokerage account I won't liquidate my indexes to refund it and will never resort to margins, short selling, etc. This is as much of a learning venture as it is a financial one for me, putting extra time to learning the market.
Sanrith Descartes
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Luminar is doing a ton of auto tech seminars the next few months. There are rumors they will soon announce a partnership with Toyota to go with their deals with Volvo and Daimler.
Edit: Also the 3 or 4 SPACs i own i am in for the long haul. I think they can be big winners in their sectors. I'll decide on PSRH once they announce a merger. The one I planned to keep that I wanted to hold I hosed up and sold instead of selling calls on it.
Blazin
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Appreciate the supportive comments. People are certainly free to do what they will with their money, in my experience it will not lead to success in the long run and I hope all of you achieve your financial goals. I take zero umbrage to someone disagreeing with that. Whenever I post something I try to consider who might be listening/reading and what they might do with that information.
To Lach paying 11 times trailing sales for MSFT is a result of a hyper low interest rates and high liquidity, paying 100x+ Sales for latest RH stock is just clown world that has a serious chance of destroying wealth.
I get that for many of you this is a side hustle and that's certainly more palatable but caught in the moment I have seen it lead people to gut wrenching mistakes. FOMO takes over, greed overwhelms, and you are left looking at gains gone wondering wtf happened. So just take this as an old fart saying please be careful, and be mindful that short term success can result in misplaced confidence. A monkey could make 100% in SaaS right now, until the ride stops and it will stop.
To Lach paying 11 times trailing sales for MSFT is a result of a hyper low interest rates and high liquidity, paying 100x+ Sales for latest RH stock is just clown world that has a serious chance of destroying wealth.
I get that for many of you this is a side hustle and that's certainly more palatable but caught in the moment I have seen it lead people to gut wrenching mistakes. FOMO takes over, greed overwhelms, and you are left looking at gains gone wondering wtf happened. So just take this as an old fart saying please be careful, and be mindful that short term success can result in misplaced confidence. A monkey could make 100% in SaaS right now, until the ride stops and it will stop.
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Sanrith Descartes
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Speaking only for myself, I avoid IPOs. Insiders get good prices and the retailers get screwed. If it is a company I really like I let the shine wear off and catch it on a dip a few days/weeks afterwards. SNOW was the latest example of this. The people buying above $300 got crushed late in the day (or was it the next morning?).
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Hateyou
Not Great, Not Terrible
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Idk man, seems like a bad time to get in on vacation related shit. No one’s traveling like they used to. With how disconnected the market seems to be from real life, what the fuck do I know though.
Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Theyve been chasing this IPO before Covid so the timing is really bad for them but they decided to push forward anyways.
Precovid I would say it's a solid tech company to buy but now I think it's one of the worst.
Doesn't matter though, people will buy, hoping to get in cheap and then cash out when hospitality/travel resumes and drives up stock price.
Financials are horrible though, they lost 50% of their revenue this year. They're gonna struggle for a long time. Another thing to think about as that while hotels are exempt from Covid lockdowns for most part, vacation rentals are not.
Hateyou
Not Great, Not Terrible
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Heh, that’s retarded. Renting a house for you and your family is not ok but stuffing you in a building with hundreds of other families is fine. They’re really just trying to crush independent revenue streams and small businesses with this shit.
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Jysin
Ahn'Qiraj Raider
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Where is this? Because over here in Europe, outside of the 1st strict lockdown, ABNB has really taken off. It is THE way to vacation travel this year. Your own independent accommodation has been perfect for the COVID holidays. We have personally booked two this summer and wanted to do it again for this Christmas, but they are mostly booked out and what are left is at eye wateringly expensive prices.
Outside of COVID, it has created an entire segment of real estate. People literally buy property purely for exclusive ABNB use. Forward looking markets will see past the pandemic.
I think if you are interested in the IPO,
Sanrith Descartes
hit the nail on the head. Skip IPO day and wait for the sugar rush to wear off, then look for a reasonable entry.- 2
Big Phoenix
Pronouns: zie/zhem/zer
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Speculators jumping into a critical segment of society looking to make a quick buck always works out well.
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Where is this? Because over here in Europe, outside of the 1st strict lockdown, ABNB has really taken off. It is THE way to vacation travel this year. Your own independent accommodation has been perfect for the COVID holidays. We have personally booked two this summer and wanted to do it again for this Christmas, but they are mostly booked out and what are left is at eye wateringly expensive prices.
Outside of COVID, it has created an entire segment of real estate. People literally buy property purely for exclusive ABNB use. Forward looking markets will see past the pandemic.
I think if you are interested in the IPO,
Airbnb feels the crunch as governments ban short-term rentals
From Maine to the Coachella Valley in California, state and local governments have enacted measures of varying degrees that are preventing property managers from booking short-term rentals through websites like Airbnb, Vrbo and Booking.com.
States restrict short-term rentals in response to pandemic
State-level restrictions include exemptions, such as providing accommodations to health care workers, first responders, and law enforcement.
www.avalara.com
Some were lifted as the summer went on it seems, but the hotels had a lot less of this to deal with.
California is still banning short term rentals almost a year later because theyre a part of "Phase 4", same as nightclubs, etc.