What I Am Buying Today.

[fenders53]

(02-17-2022, 02:51 PM)EricL Wrote:

(02-17-2022, 02:46 PM)fenders53 Wrote:

(02-17-2022, 02:31 PM)EricL Wrote:

(02-17-2022, 12:42 PM)Mr1share Wrote: So this is how crooked Wall St is

All the analysts like Cramer were pumping DASH last night and this morning. Targets were raised to $160-$180 and all the talk was all the restaurants need them or they cant survive.  

It was $132 in the pre-market. opened up at $115 and now it's a $100.

I cant make this shit up lol

And no I don't have a position. Just pointing out don't ever trust these analyst

I see MMM was downgraded. Time to buy
As of feb 15th, Morningstar considers it a buy with a fair value of 192.

DASH has a $36B market cap on $4.9B in revenues that generated a loss of $463 million.

It lost more money in 2021 than it did in 2020 despite growing revenues by $2B.

How do you put a value on something like that? The more I dabble in growth stocks, the more difficulty I have with the concept. 

All is great when everything goes up, but when the bubble pops...

I sit on the edge of my seat every day I own them.  I generally use put sells to play because I can give myself some cushion and have more room to run out the door with a smaller loss if it goes real bad fast.  I fgot so lucky leaving last fa.  Fastly got smoked today as well.  A friend of mine rode that thing for a 3X+ in 2020 and was smart enough to get his money off the table, then some profit.  He was paying for a top ten rated (at the time) investor service which worked in 2020.  Everything he touched was gold, then everyone of them crashed really hard.  TTD-TDOC-FSLY-ROCU and a half dozen more.  They were overvalued when he bought and they did a moonshot that lasted for six months or more. I only played a couple because I knew most of it would end bad.

FWIW I sold out of my SQ, RBLX, TTD, and SHOP yesterday and my AMZN and a few shares of NVDA last Friday.

I still had nice gains in them after their big drops, I wasn't about to lose that as well.

Went bigger into energy/copper. As storage continues to draw, I think the energy bull market has legs.

Good for you Eric. You knew the valuation was beyond ludicrous.  When you score on stuff like that, giving it all back is just reckless.  I was more careful on the specs, but on a percentage basis you probably did much better.