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.
-
Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!
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.
D
Deleted member 609
Guest
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
Sent from my iPhone using Tapatalk
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
Sent from my iPhone using Tapatalk
I usually don't trade these meme/reddit stocks but $AMC/$GME/$BBIG were great for me this week.
$AMC chart still looking great into next week.
VegasEagle
Member
D
Deleted member 609
Guest
Please be sure to order all of your pet supplies from Chewy. I'm down $1k in 2 weeks ?
Wonder how far reaching this will be and who’s next.
VegasEagle
Member
I wonder also. But, do take note of possible economic downfalls.
Possible canary in the mine, just found dead
VegasEagle
Member
snowlover91
Member
Yeah I think we are about to see a global stock market correction.
VegasEagle
Member
LickWx
Member
VegasEagle
Member
VegasEagle
Member
VegasEagle
Member
Quad witching strikes again..oof
Prestige Worldwide
Member
Some people on Twitter are all over rgs. Saying a breakout to upside is pending. Not sure if that’s true but it did remind me that’s it time for another haircut!!
GeorgiaGirl
Member
The Nasdaq-100's coming in me thinks...unlike the last OPEX periods that have been messy, the mega caps have been pretty weak for a couple weeks now...wouldn't be surprised if it gaps down on Monday tbh.
Reason I'm mentioning them right off is since mid-May, we've returned to the Nasdaq deciding market direction. I'm seeing nothing right now that would tell me that if it's coming in, that smalls and value names would hide it this time like they hid it in February/early March. I was in the middle on the S&P just slowly drifting up to near 4900 by end of the year or a correction to 4200, then 4700-4800 by end of the year...right now it looks like the latter is more likely if ole' Karma still has some more ****ing over of the bears before you potentially see action that is like 2018.
I have a huge problem with how obvious it is, but keep it simple, stupid has been working all year, so I suppose "turn your brain off, we're going to have a bearish September again" is going to work.
Reason I'm mentioning them right off is since mid-May, we've returned to the Nasdaq deciding market direction. I'm seeing nothing right now that would tell me that if it's coming in, that smalls and value names would hide it this time like they hid it in February/early March. I was in the middle on the S&P just slowly drifting up to near 4900 by end of the year or a correction to 4200, then 4700-4800 by end of the year...right now it looks like the latter is more likely if ole' Karma still has some more ****ing over of the bears before you potentially see action that is like 2018.
I have a huge problem with how obvious it is, but keep it simple, stupid has been working all year, so I suppose "turn your brain off, we're going to have a bearish September again" is going to work.
I ain’t getting the warm fuzzies. 2 stick saves the past 2 days. It was on the verge of death and buying coming in to prop things up. ?
View attachment 90928
Well…
Danger 
Ruh roh