Yes Walt - I've been discussing YOLO traders and various stocks
for months. Most of these investors are complete novices and
simply jump on board anything that is moving without any regard for
fundamentals/valuation. It reminds me somewhat of the
Dot.com stocks of 1999/2000. I
term it a game of musical chairs which is all fine when the music
is playing but when it stops many will be trapped without a chair.
Investing is a journey and what is transpiring in many names
is more attuned to gambling. The house (Vegas) wins a
majority of time in the casinos and in the stock market
knowledgeable and disciplined traders/investors will ultimately
prevail.
Let the charts and some fundamental basis be your guide because
eventually many of these YOLO traders will be taken to the
woodshed. Certain names to be mindful of reside in the EV,
Solar, Cannabis, Alt Energy arenas. The latest one that I
discussed was EH around mid 20's and went to $80 within 8 days.
What is their business? Flying Cars
That’s so true. The first blame goes to the Fed. They are taking
the future generations down a very dangerous path. I don’t
understand why they have to keep pumping into the stock market even
now. In midst of the crash is one thing. But now we are ATH’s and
they are clearly stating they will keep buying until they see
inflation.
Posted by kevindeng0727 on 24th of Jan 2021 at 01:13 am
Each presidential term is 4-year, who cares about things so
further down the road. Biden/Pelosi/Trump/Sanders would probably be
all gone in less than 2 decades.
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Yes Walt - I've been
Reditt WallStreetBets - I have just read a bunch of ...
Posted by steve on 23rd of Jan 2021 at 04:33 pm
Yes Walt - I've been discussing YOLO traders and various stocks for months. Most of these investors are complete novices and simply jump on board anything that is moving without any regard for fundamentals/valuation. It reminds me somewhat of the Dot.com stocks of 1999/2000. I term it a game of musical chairs which is all fine when the music is playing but when it stops many will be trapped without a chair. Investing is a journey and what is transpiring in many names is more attuned to gambling. The house (Vegas) wins a majority of time in the casinos and in the stock market knowledgeable and disciplined traders/investors will ultimately prevail.
Let the charts and some fundamental basis be your guide because eventually many of these YOLO traders will be taken to the woodshed. Certain names to be mindful of reside in the EV, Solar, Cannabis, Alt Energy arenas. The latest one that I discussed was EH around mid 20's and went to $80 within 8 days. What is their business? Flying Cars
That’s so true. The first
Posted by arun on 23rd of Jan 2021 at 05:53 pm
That’s so true. The first blame goes to the Fed. They are taking the future generations down a very dangerous path. I don’t understand why they have to keep pumping into the stock market even now. In midst of the crash is one thing. But now we are ATH’s and they are clearly stating they will keep buying until they see inflation.
Each presidential term is 4-year,
Posted by kevindeng0727 on 24th of Jan 2021 at 01:13 am
Each presidential term is 4-year, who cares about things so further down the road. Biden/Pelosi/Trump/Sanders would probably be all gone in less than 2 decades.