What Did You Buy Today?

[fenders53]

(05-26-2020, 04:55 PM)divmenow Wrote:

(05-26-2020, 04:35 PM)fenders53 Wrote:

(05-26-2020, 04:23 PM)divmenow Wrote:

(05-26-2020, 04:20 PM)fenders53 Wrote:

(05-26-2020, 03:48 PM)divmenow Wrote: Everytime you keep saying this market is crazy we go up. Keep saying that  

BTW You better start buying some oil stocks. They will be next to explode on the upside. Just saying  

HRL and CPB are names on my buy list. Hope they get cheaper as the market rotates. 

How about those banks?? Did I see that up wow .... Big moves lol

The market has lost all connection with economic reality.  This is why I am always invested though.  I might be crying I am too cashy but I never miss out on a strong up day.  If the market crashes I'll be ready.  If if goes up every week for the rest of my life, that will work too lol. 

There is only one other time I recall a market this irrational.  You remember 1999?  No this isn't just the same, but the PEs will sure rhyme when some of these companies fail to post a meaningful profit without massaging the earnings report.  And they conveniently ceased giving guidance because they know damn well it might happen for several quarters.

Yeah that was what we called the .com bubble era. I remember when CPQ and DELL were trading at $200 a share. Suckers lol

And now we see stocks running that will clearly require a miracle to not BK and re-org their shareholders down to zero.  And if they do survive by chance, it will take years to battle back to a sub 50 PE and a tiny dividend.  It's nothing but Momo traders and new investor kids about to get a hard lesson in "solvency matters".  I like to trade some myself, but I am not going to trade wheel barrows full of horseshiiXT and hope the music doesn't stop while I have the handles lol.  This forum membership knows the music will indeed stop.

Must be all those young kids on Robinhood. Can't go the casinos so let it ride on stocks 

And the ones they bid up all all the tech stocks. But like I said before. Just because we say the market is crazy doesn't mean it will go down lol

I think they may run CCL and DAL back to $40 hahah!!

Tech of course, but over half of their top 20 list is bottom fishing for junk.  The cheap shares are probably the attraction.  CCL and DAL may be among those that actually dodge BK.  I think JCP about tripled the day before they filed BK.  There is really no harm.  I am pleased kids are getting interested in "investing" if you want to call it that.  Losing a few hundred dollars is the best thing that could ever happen to you as a new investor.  I got my lesson later and it was far more expensive.

Here's hoping the market runs up another 20%. Or maybe we'll punch China in the face in a few days. I'll try to sit quietly here with my cash while I wait.