Man!! Yeah, any trader's has definitely done this. I was planning on buying Apple heavy I think around $35-50, but never placed the damn order.... Blah..... It's crazy you found the ticket, just wild, like if we talked about this when you sold I'd have never imagined Amazon taking over everything
OTOH, Amazon traded down into the high 60s over the upcoming months after that. You would have definitely been out at some point, obviously given how the $3 drop pushed you out (and not passing judgement there... I went in and out on something today).... It didn't break mid 90s till 2 years later almost.
I never said the market was going to go straight down. Obviously we would have swings but in my opinion, we are still going lower and we haven't reached the bottom. We still have the same fundamental problems as the virus and consumer confidence. People are not going to go and buy **** that they don't need with their stimulus checks. People are going to save money or buy essentials like toilet paper. Until we get some news on the medical front I don't think we've reached the bottom. We will soon overtake China as the most infected country and there will be all sorts of images of overcrowding at hospitals. I sell medical equipment (Bipaps/Cpaps) and hospitals are already running very thin of essential items. This pandemic will get much worst then it will better.
Back then Amazon still hadn't turned a profit and nobody thought they'd be the juggernaut they are today. I think they were still "just books" back then. But if I had the mentality back then that I do now, I probably would've held on. For example, another stock I bought back then (2007 or 2008) was Altria. I still own those shares. I've held onto stuff that has gone down 30-50% and just bought more if I believed in it. But to be honest, I wonder if I would've even bought AMZN back then if I had a mindset like now. Who knows. I still gamble in stocks here and there. I bought BABA after their IPO and still own it and added to my position when it came back down to around their IPO price. I just bought VTIQ around the time of this crash starting for giggles. But my primary holdings are solid companies like AAPL, KO, NKE, BRK.B and dividend stocks like MO, O, etc. for the most part. If I had to do it all over again, I'd tell my 20-year old self to just dump the money in good stocks, re-invest dividends, and come back and check it out in 20-40 years. LOL.
They still trade at a high P/E, and their retail business still has terrible margins. AWS is their money maker.
I'm aware of all of these things. Meaning the hypothetical $1000-10000 in said stock how much is worth today. But I really need to sit down from time to time and think about what industries could change in tech and put a bit of money in random spots. Hopefully some will pan out 10-15 years down the road. I think Tesla could still be a cheap stock where it's at currently.
Yeah, I've always been horrible at predicting stuff like that. I'm a daydreamer more than a visionary. lol. When Google IPO'ed, I thought it was a joke to be worth what it was worth. Same with Yahoo back in the dotcom days. I thought Bitcoin in 2011 was stupid (I still think it's valuation is stupid, but its valuation is its valuation). I never took AMZN more than as a daytrade early on because it kept going up, but it never made a profit and all it did was sell books. TSLA even now I think is nothing more than an overvalued battery company that has a headstart on BMW, Porsche, Mercedes, etc. in that regard, but if it tanks again, I'll probably dip into it some. I need to dump some more money into my accounts but the hold time is "approximately 2 hours" ... yeah, no.
Well, yeah, but AWS didn't exist until the mid 2000's. And that was around the first time they recorded a profit after being in existence for 10 (?) years. The decade before that, they were known as the company people wanted to succeed for basically being a bookstore. Or maybe I'm mis-remembering that. For anyone into old stuff/history, let's go back to a couple of months after the Rockets' first championship : https://groups.google.com/forum/#!topic/ba.jobs.offered/-rvJUMBbZ18
My opinion is skewed on Tesla because of 2 of their cars I have been. One being the cheapest and the other being one of the special edition sedans that I believe is a little faster. Oh my gawd that car was nuts. Other car companies definitely have some catching up to do.
This is why I don't bother trading stocks. Market hasn't been rational since we just started printing money.
Makes no sense to me... The jobless numbers are insane. The stimulus bill gives the unemployed a tiny little bit of money, and gives businesses money to stay afloat... but imo, the rebound from this will be long and slow. people are saying once things are back to normal there will be a pop. first, nothing's going back to normal anytime soon. as soon as one cluster gets better another pops up somewhere else and as long as there is non-local travel, which there will be, you are open to re-starting your cluster. Second, even once it is truly all eradicated, most people still won't have any money, will kind of have a hangover effect, etc. Sure, teens-30 year olds will go party en masse then. But the rest of us adults will be like wtf was that, we have to be more cognizant of how we live our lives, etc. Sure, it will return to some normalcy then, but what it was 2 months ago? Seems like a ways before we get there. The only real reason for a bounce, imo, will be because the contraction gets rid of oversupplied economy - all these goods, services, restaurants, hotel chains, entertainment options... just complete overload and not all needed... with some % of them gone, the survivors will be well positioned. But as you note, the above "reality" doesn't jive with how the market acts!
I was prepared for the market to dive today. Then sh** just started going up. I am sitting on the sidelines. Nothing is rational right now. People forgot the seriousness of what we are facing, or investors have are pumping and dumping.
If you have conviction in your theory just wait until the market goes down again. Don’t overreact to a day where it’s up when you expect it to go down.
Exactly, it's a mess, as long as you're up over the last few weeks it's a win. Market I feel is still going to go down but there is definitely manipulation, but there always is. I think market jumped on stim, once less options to help it'll go down some more, but investing big now/later is probably fine for long term plans. Obviously timing better for bigger dip is great but don't want to miss chances. Like some sectors I think won't be way down after all this passes, while product/tech delays from supply chain companies for companies that need product won't be able to maintain this. I'm interested in Apple once there's more release delays/product delays could be a nice entry. I guess I mean on good companies you'll be fine even if this lasts longer than we're hoping for.
For now, but I think there'll still be a trend downward continuing, I expected it to be down th then up fr but to trend down a bit sooner, stim definitely made it more interesting. I know there's definitely people buying up stock to maintain investment/increase stakes but those are the really rich guys. I think if you invest solid stuff now or later will still be good just invest before true bottom, it's just a little harder if you're daytrading. Like can be up 60-100% one day/week etc and then down 20%, but if you can increase value now it's a huge win to get back into more long term investments. Really just depends on plans
The whole point of global markets is they aren't perfectly predictable, but human sentiment is. You really just had to watch the first 15 minutes to see the stimulus gave more hope to people than the "pointless" job numbers... that things would go right back to normal after 2,3 months. This is what people WANT to believe, we really have no idea how the corona will conclude. Coupled with the fact that the first wave hasn't fully hit the US and this is a "only gonna take out the old and sick" misconception, this was a very predictable reaction. Only suckers look for logic and reason in the short term reactionary market . . .
