(01-24-2021, 01:03 PM)vbin Wrote:Haven’t we all been saying the market has been over valued for 3 years lol. Heck even when the pandemic hit people on here were saying don’t buy, were headed much lower. No earnings, no growth but yet here we are at new highs lol. Who cares Keep buying. The market is never going down lol. You can’t put money in the bank, interest sucks and the fed keeps pouring money into stocks. Not to mention low interest rates. So who”s going to stop the pumping lol(01-24-2021, 12:39 PM)fenders53 Wrote: It's all good and differing viewpoints make the place useful. I keep it to a minimum but this is one of those times when some risk on has been lucrative. Reality is many of what we are calling safe are also overvalued now. Whatever week the market pulls back will be painful. Our other option is to tell each other every stock is a winner. That hasn't been far from true lately but it doesn't last.You are absolutely correct fenders. When every Tom and Jerry starts giving you stock advice arround you, it's time to be scary and that's what I have noticed recently, lol. I think it's not a bad idea to ride on the momentum train or try out something new outside the div growth philosophy but be cautious and play with what someone is ready to loose.
And I have no problem buying stocks that have potential and are being bid up for no reason, other then hype. But keep in mind, there were a lot of names that stated out just like that and are now household names. The market always looks ahead. Let’s not forget that. I remember when everyone hated UBER, CHWY, RUKU, DUCU ect, . Now look at these names. New highs and most of those were less then 20% institutional owned and are now at 80% plus. Everyone has an opinion and that’s what makes a market. My advice us don’t listen to what people tell you, especially on boards and chats. Buy stocks on your own merits and do your own homework. If you a like a stock by all means buy it.
Don’t let us persuade you or talk you out an investment. I for one think stocks like PLUG have a place in this market and have a bright future. New energy, clean energy and green hydrogen is here to stay. Biden will make sue of that. I have no doubt about that. But you just have to be careful is all. The market will price these right once they figure out there true value. But the ones doubting them don’t look at the growth and all the positive deals they have been signing like billion dollar deals with Renault and SK group and many other fortune 100 companies. And that’s just my opinion. In no way am I saying it’s the next Tesla lol. We should encourage people when they buy stocks, and are excited about a name or names. I love seeing all the enthusiasm lol. Keep it up and have fun. After all that’s what we’re all here for.