Funny story with Amazon today. Added back position when $3350’reclaimed. I wanted to buy 15 shares to start and I accidentally typed in 150. Took me 30 mins to figure it out. That scared the crap out of me.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
I don’t get why the market gives SAAS companies such absurd valuations. Mongo reported $200m in rev last night, they lost $70m. For that the market cap is $33B. ?
Guided to $800m FY revenue which gives them a 40x multiple. That’s dotcom bubble type valuation. $SNOW is trading at a 100x multiple. The SAAS companies are a ticking time bomb which is why I don’t trade them.
A 20x multiple is very rich, unless you are pre-rev.
Guided to $800m FY revenue which gives them a 40x multiple. That’s dotcom bubble type valuation. $SNOW is trading at a 100x multiple. The SAAS companies are a ticking time bomb which is why I don’t trade them.
A 20x multiple is very rich, unless you are pre-rev.
GeorgiaGirl
Member
Didn't realize that QQQJ FINALLY set a new ATH for the first time in several months today until a few minutes ago.
Hard to be bearish on the Nasdaq if that by the small/mid-cap tech companies is legit, but the NDX is probably going to need to spend some time consolidating.
Hard to be bearish on the Nasdaq if that by the small/mid-cap tech companies is legit, but the NDX is probably going to need to spend some time consolidating.
Broken024
Member
Let me have $20
Jon
Member
Order didn’t go thru unless Kylo ordered half a mil in stock due to a typo and if that’s the case he needs to get more sleep. Lol
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Prestige Worldwide
Member
I made some nice bank on amba calls this week. Looking for some earnings plays this coming week.
I had completely sold off most everything in my IRA's as I am going to rebalance in October so the order did go through. But, I have been buying stocks here in there the past few weeks since in this IRA which is how this happened. I was lucky I caught it...I usually just buy, set a stop and then don't worry about it.
Jon
Member
Makes sense with the IRA. Sheesh. I’d have a panic attack lol. Good on you. But it’s not the end of the world with something like Amazon
what in the heck happened in crypto land today...got stopped out of several things but did buy some dips and sold everything to salvage the day. But, how does Bitcoin have a 20% sell off in a few hours...
Out of crypto for now, it was tough to even get orders entered in coinbase pro.
Out of crypto for now, it was tough to even get orders entered in coinbase pro.
Don’t look
PPS down again but give the marketing crew credit, they're trying..... still think the upside will be massive soon. LiDAR data looks solid!
GeorgiaGirl
Member
I'm not a fan of the GME gang but I'll give them credit, when they get a dip, they absolutely slam the buy button.
Can't find the screenshot of it, but I saw a screenshot of Fidelity of buys/sells and buys were waaaayyyyyyy more than sells and I have to imagine that this comeback today is mostly GME apes buying it up...crazy.
Can't find the screenshot of it, but I saw a screenshot of Fidelity of buys/sells and buys were waaaayyyyyyy more than sells and I have to imagine that this comeback today is mostly GME apes buying it up...crazy.
I bought the dip with them today. When $180 was reclaimed...sold everything at $196 on the gap fill. Those GME bulls are determined.
How can this happen - QE has been pumping this market the past 18 months and news just discovered these 2 Fed presidents are super long and now they say they are selling b/c they got caught. Martha Stewart did 6 months in prison for like $20k. These 2 guys rode this and market doubled since.
Someone tweeted this out...hilarious
Someone tweeted this out...hilarious
Same way all federal employees have to get vaccinated except for those represented by a union. The corruption knows no limits. Hopefully, people will continue to wake up and see it, although I'm afraid so many still have their heads buried.
Storm5
Member
I bought a crap load of GME calls today. People laugh at the meme stocks but ive made more money in the last 8 months from then vs the last two years of trading blue chips .
I'm heavily invested in AMC leaps and GME 4 month calls
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