Big Tech

[fenders53]

Why wouldn't they be? They are obviously worth infinity. It's not a bubble man.

[divmenow]

(09-02-2020, 08:43 AM)fenders53 Wrote: Why wouldn't they be?  They are obviously worth infinity.  It's not a bubble man.  

Those poor souls who are buying at these levels. Note: Your in for a rude awakening lol

[fenders53]

(09-02-2020, 08:54 AM)divmenow Wrote:

(09-02-2020, 08:43 AM)fenders53 Wrote: Why wouldn't they be?  They are obviously worth infinity.  It's not a bubble man.  

Those poor souls who are buying at these levels. Note: Your in for a rude awakening lol

They may look brilliant for a few more months, until the serious money printing subsides.  Unfortunately this is just a lesson one must learn the hard way.

[crimsonghost747]

(09-02-2020, 09:30 AM)fenders53 Wrote:

(09-02-2020, 08:54 AM)divmenow Wrote:

(09-02-2020, 08:43 AM)fenders53 Wrote: Why wouldn't they be?  They are obviously worth infinity.  It's not a bubble man.  

Those poor souls who are buying at these levels. Note: Your in for a rude awakening lol

They may look brilliant for a few more months, until the serious money printing subsides.  Unfortunately this is just a lesson one must learn the hard way.

You mean until hell freezes over, right? 

[fenders53]

(09-02-2020, 10:42 AM)crimsonghost747 Wrote:

(09-02-2020, 09:30 AM)fenders53 Wrote:

(09-02-2020, 08:54 AM)divmenow Wrote:

(09-02-2020, 08:43 AM)fenders53 Wrote: Why wouldn't they be?  They are obviously worth infinity.  It's not a bubble man.  

Those poor souls who are buying at these levels. Note: Your in for a rude awakening lol

They may look brilliant for a few more months, until the serious money printing subsides.  Unfortunately this is just a lesson one must learn the hard way.

You mean until hell freezes over, right? 

Everything is relative.  The dollar hasn't crashed too bad against the Euro, but we need you guys to print some make believe money before we print a couple more trillies lol.

[crimsonghost747]

(09-02-2020, 03:06 PM)fenders53 Wrote:

(09-02-2020, 10:42 AM)crimsonghost747 Wrote:

(09-02-2020, 09:30 AM)fenders53 Wrote:

(09-02-2020, 08:54 AM)divmenow Wrote:

(09-02-2020, 08:43 AM)fenders53 Wrote: Why wouldn't they be?  They are obviously worth infinity.  It's not a bubble man.  

Those poor souls who are buying at these levels. Note: Your in for a rude awakening lol

They may look brilliant for a few more months, until the serious money printing subsides.  Unfortunately this is just a lesson one must learn the hard way.

You mean until hell freezes over, right? 

Everything is relative.  The dollar hasn't crashed too bad against the Euro, but we need you guys to print some make believe money before we print a couple more trillies lol.

Don't worry, the print machines in Europe have been running non-stop since 2008. 

[EricL]

Today's update on tech stocks...

   

[fenders53]

(09-03-2020, 02:32 PM)EricL Wrote: Today's update on tech stocks...

Good one Eric, LMAO.  I'm trying to feel sad but where are they now, a new 7 day low?    
 
Heard the FAB five lost like $500B in total market cap today.  That's the entire market cap of five pretty large companies to put it in perspective.  It's just paper losses though.  I hate it when people say that to me lol.

[divmenow]

(09-03-2020, 05:52 PM)fenders53 Wrote:

(09-03-2020, 02:32 PM)EricL Wrote: Today's update on tech stocks...

Good one Eric, LMAO.  I'm trying to feel sad but where are they now, a new 7 day low?    
 
Heard the FAB five lost like $500B in total market cap today.  That's the entire market cap of five pretty large companies to put it in perspective.  It's just paper losses though.  I hate it when people say that to me lol.

I did say tech was about to correct and teach those young traders a lesson lol. But at the same time get ready to get back in soon

Let’s not forget a lot of stocks were down big today like LOW and HD

[fenders53]

(09-03-2020, 05:57 PM)divmenow Wrote:

(09-03-2020, 05:52 PM)fenders53 Wrote:

(09-03-2020, 02:32 PM)EricL Wrote: Today's update on tech stocks...

Good one Eric, LMAO.  I'm trying to feel sad but where are they now, a new 7 day low?    
 
Heard the FAB five lost like $500B in total market cap today.  That's the entire market cap of five pretty large companies to put it in perspective.  It's just paper losses though.  I hate it when people say that to me lol.

I did say tech was about to correct and teach those young traders a lesson lol. But at the same time get ready to get back in soon

Let’s not forget a lot of stocks were down big today like LOW and HD

Always about the timing with high flyers.  If you didn't buy this week you're still good on most of them.  I am laying off retail unless they really get whacked.  If they do there will be a lot of deals.  Not counting my chickens though.  They could be flying high again before the close tomorrow.   Pretty sure I've never seen QQQ this overbought for 20 years.  I have a lot of cash, mostly because  I left my expired options alone from last week.  I just had a feeling and got lucky this time.  I really do need to nibble some tech if I get a chance.

[EricL]

MSFT with another blowout quarter.

Revenues of $43.1B, an increase of 17%.
EPS of $2.03, an increase of 34%.

Shares are currently up 6% after-hours.

[EricL]

Texas Instruments $TXN with a very good quarter as well.

• Texas Instruments (NASDAQ:TXN): Q4 GAAP EPS of $1.80 beats by $0.47.
  
  
• Revenue of $4.08B (+21.8% Y/Y) beats by $470M.
  
  
• 1Q21 Guidance: Revenue of $3.79B-$4.11B vs. $3.58B, EPS of $1.44-$1.66 vs. $1.34 consensus.