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Gepetto

Stock Market bubble - will crash

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you guys now buying tesla and stuff like that, since Trump will eliminate the EV requirements and competitors will slowly back out of the EV market leaving Tesla with a more profitable market niche?

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18 minutes ago, cmh6476 said:

you guys now buying tesla and stuff like that, since Trump will eliminate the EV requirements and competitors will slowly back out of the EV market leaving Tesla with a more profitable market niche?

Tesla has another 25% upswing to even match its previous highs.  I think it will get there a lot sooner with Trump at the helm.

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Taking some profits and unwinding my YUGE position in Core Scientific. My average cost basis is $0.47

 

Nov-07-2024

Sell 50 Shares of CORZ at Market (Day)

--

Nov-07-2024

Sell 50.000 Shares of CORZZ

--

Nov-07-2024

Sell 50.000 Shares of CORZW

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5 hours ago, cmh6476 said:

you guys now buying tesla and stuff like that, since Trump will eliminate the EV requirements and competitors will slowly back out of the EV market leaving Tesla with a more profitable market niche?

Full disclosure: Own 288 shares of Tesla with a cost basis of $15.14 https://www.imagebam.com/view/MEX99N7

It was around $140 as recently as April. It rallied to around $263 in early July, dropped back down to around $190 in early August, went back up to around $260 in anticipation of a Robo taxi event they had in Vegas on October 10. Investors weren't impressed and it dropped back down to $220 

Started coming back again & for the reasons you mentioned above, is Now trading just under $300 a share. Your question seemed to imply you're thinking of buying. In the end, you're the only one who can make that decision, but I wouldn't buy @ these levels.

Regards

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4 hours ago, easilyscan said:

Full disclosure: Own 288 shares of Tesla with a cost basis of $15.14 https://www.imagebam.com/view/MEX99N7

It was around $140 as recently as April. It rallied to around $263 in early July, dropped back down to around $190 in early August, went back up to around $260 in anticipation of a Robo taxi event they had in Vegas on October 10. Investors weren't impressed and it dropped back down to $220 

Started coming back again & for the reasons you mentioned above, is Now trading just under $300 a share. Your question seemed to imply you're thinking of buying. In the end, you're the only one who can make that decision, but I wouldn't buy @ these levels.

Regards

I just let my stock broker manage my investments.   He knows more about it than I do. 

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5 minutes ago, cmh6476 said:

I just let my stock broker manage my investments.   He knows more about it than I do. 

Read All About Asset Allocation by Richard Ferri. 

You'll wonder why you've been paying a broker this entire time.  

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32 minutes ago, Horseman said:

Read All About Asset Allocation by Richard Ferri. 

You'll wonder why you've been paying a broker this entire time.  

99% of people should just buy large cap index funds or the s&p 500. That's better than trying to trade.

 

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7 minutes ago, Cdub100 said:

99% of people should just buy large cap index funds or the s&p 500. That's better than trying to trade.

 

Index is the magic word. Diversification and low cost fees are the other two secrets.  You're not getting low cost fees hiring a broker who won't/can't beat an index fund 80% of the time. 

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Quote

 

Posted October 24

Tesla killed it today. I couldn't resist selling out of the money covered calls. God bless whoever came up with that 'option', & God bless those foolish enough to buy them.

 

A little voice was telling me not to be cocky, I didn't listen.

Those calls I sold for a little over a buck that day, are fetching just under 8 bucks today. Mainly because of the Trump effect relating to Tesla, which has skyrocketed.

 

Not making any predictions, but most indicators say the market is overbought. 

https://www.multpl.com/s-p-500-price-to-sales

https://www.multpl.com/s-p-500-pe-ratio

https://www.multpl.com/s-p-500-price-to-book

https://www.multpl.com/shiller-pe

https://www.multpl.com/s-p-500-dividend-yield

S&P 500 Technicals https://stockcharts.com/h-sc/ui

 

 

 

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Fock yeah TSLA!!!! :banana:

Fock yeah BITCOIN ETFs

Fock Yeah Trump!!!

I'm preparing my exit plan from the market. I'm not riding this down when it all collapses after this meltup goes parabolic. Begin moving out at S&P 6500, Target 7k on S&P. 

I have no fockin idea how much I am gonna owe the IRS in March but its a fockin lot. Trump needs to end the IRS and income tax in Feb. 😁

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1 hour ago, easilyscan said:

A little voice was telling me not to be cocky, I didn't listen.

Those calls I sold for a little over a buck that day, are fetching just under 8 bucks today. Mainly because of the Trump effect relating to Tesla, which has skyrocketed.

 

Not making any predictions, but most indicators say the market is overbought. 

https://www.multpl.com/s-p-500-price-to-sales

https://www.multpl.com/s-p-500-pe-ratio

https://www.multpl.com/s-p-500-price-to-book

https://www.multpl.com/shiller-pe

https://www.multpl.com/s-p-500-dividend-yield

S&P 500 Technicals https://stockcharts.com/h-sc/ui

 

 

 

Did you make money? Take your profits and don't sweat it afterward. Nobody sells the top every single time. Just be consistent and you'll be fine.

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5 hours ago, Cdub100 said:

Did you make money? Take your profits and don't sweat it afterward. Nobody sells the top every single time. Just be consistent and you'll be fine.

Yeah, I made money selling the calls, & I still hold all 288 TSLA shares. I think an investor would be doing well to sell 'around the top' 6 or 7 times out of 10.

I have to remember the old wall street adage "pigs get fat & hogs get slaughtered" :)

Regards

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On 11/7/2024 at 11:23 AM, cmh6476 said:

you guys now buying tesla and stuff like that, since Trump will eliminate the EV requirements and competitors will slowly back out of the EV market leaving Tesla with a more profitable market niche?

TSLA will be the business of building robots. Forget EVs. Robots are the future of TSLA. As crazy as it seems but iRobot (the movie) is around the corner. TSLA is printing me $. 

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4 hours ago, lod001 said:

TSLA will be the business of building robots. Forget EVs. Robots are the future of TSLA. As crazy as it seems but iRobot (the movie) is around the corner. TSLA is printing me $. 

People don't understand Tesla is not a car company. 

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The overall sugar high seems to have waned now. Good time to take a look at trimming some crazy gains if you are so inclined IMO.

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Nvidia reported after the close. Looks like they beat the top and bottom line, but not a blow out quarter like the previous 3. Currently down a couple bucks after hours. 

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8 minutes ago, easilyscan said:

Nvidia reported after the close. Looks like they beat the top and bottom line, but not a blow out quarter like the previous 3. Currently down a couple bucks after hours. 

Been one helluva a run.

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25 minutes ago, thegeneral said:

Been one helluva a run.

It sure has. Have held it in my IRA for about 7 years. Not a huge number of shares, but the split adjusted price is $3.69 😀

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Target was the big loser of the day. I say good. Stopped shopping there many years ago when they kicked out Salvation Army bell ringers.

Target Corporation (TGT)

121.72  -33.16 (-21.41%)

At close: 4:00 PM EST
121.66-0.06(-0.05%)
After hours: 5:23 PM EST

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14 minutes ago, easilyscan said:

It sure has. Have held it in my IRA for about 7 years. Not a huge number of shares, but the split adjusted price is $3.69 😀

Much later to the game but up 5X and now free rolling with a good number of shares. 

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2 minutes ago, easilyscan said:

Target was the big loser of the day. I say good riddance. Stopped shopping there many years ago when they kicked out Salvation Army bell ringers.

 

Target Corporation (TGT)

121.72  -33.16 (-21.41%)

At close: 4:00 PM EST
121.66-0.06(-0.05%)
After hours: 5:23 PM EST

People are fed up with their woke BS. We stopped going. 

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On 8/28/2024 at 2:18 PM, nobody said:

I guess NVDA is going to get the AAPL treatment.  Unless they blow out estimates by 50%, they're going to get sold off post earnings.

AAPL treatment

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On 11/7/2024 at 4:25 PM, Cdub100 said:

Taking some profits and unwinding my YUGE position in Core Scientific. My average cost basis is $0.47

 

Nov-07-2024

Sell 50 Shares of CORZ at Market (Day)

--

Nov-07-2024

Sell 50.000 Shares of CORZZ

--

Nov-07-2024

Sell 50.000 Shares of CORZW

Nov-21-2024
Sell 50.000 Shares of CORZW
 
Filled at $11.8803
 
 
Nov-21-2024
Sell 50.000 Shares of CORZZ
 
Filled at $18.015
 
 
Nov-21-2024
Sell 50 Shares of CORZ at Market (Day)
 
Filled at $18.05
 

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20 hours ago, easilyscan said:

Target was the big loser of the day. I say good. Stopped shopping there many years ago when they kicked out Salvation Army bell ringers.

Target Corporation (TGT)

121.72  -33.16 (-21.41%)

At close: 4:00 PM EST
121.66-0.06(-0.05%)
After hours: 5:23 PM EST

Did they kick them out because the Salvation Army is big into DEI and white privilege? 

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Target is down because they’re saying holiday sales are not going to be good. Not just for them but for most everyone.

Not a good sign, if accurate.

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5 minutes ago, IGotWorms said:

Target is down because they’re saying holiday sales are not going to be good. Not just for them but for most everyone.

Not a good sign, if accurate.

Last gift from Biden on his way out the door.

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5 hours ago, Cdub100 said:

Did they kick them out because the Salvation Army is big into DEI and white privilege? 

I get what you're saying (the salvation army went woke) but target kicked them out 2 decades ago.

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Total 5 year return (includes dividend reinvestment)

Target Corp. + 6.90%

Walmart + 139.00%

Charles Schwab

 

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5 hours ago, IGotWorms said:

Target is down because they’re saying holiday sales are not going to be good. Not just for them but for most everyone.

Not a good sign, if accurate.

What holiday? Are people buying gifts for Kwanzaa, New Year's Day? 

Oh that's right CHRISTMAS runs the holiday world this time of year, 

CHRISTMAS!!!!!!!!

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1 hour ago, easilyscan said:

Total 5 year return (includes dividend reinvestment)

Target Corp. + 6.90%

Walmart + 139.00%

Charles Schwab

 

Love WMT. Don’t shop there but it is a machine.

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9 minutes ago, Gepetto said:

What holiday? Are people buying gifts for Kwanzaa, New Year's Day? 

Oh that's right CHRISTMAS runs the holiday world this time of year, 

CHRISTMAS!!!!!!!!

It's okay to say, Merry Christmas again.

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Added small amounts of Google and McDonald's earlier today.

Anyone have any feelings on the FTC threatening to force google to spinoff/sell chrome ?

This seems every bit as ridiculous, as the equivalent of the FTC in Europe, trying to force Microsoft to not include explorer as part of windows way back in the 90s.

MERRY CHRISTMAS!!!!!!!

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1 hour ago, Gepetto said:

What holiday? Are people buying gifts for Kwanzaa, New Year's Day? 

Oh that's right CHRISTMAS runs the holiday world this time of year, 

CHRISTMAS!!!!!!!!

lol, war on Christmas is back! :overhead:

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RCAT. Punching myself in the balls for selling at a 50% gain at 3.62. Yes, right before it went parabolic.

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On 2/22/2024 at 11:13 AM, lickin_starfish said:

Do you think the DOW will hit 40,000 before the crash?

Like I said, we were gonna blow right thru that level.

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I'm gonna to pause my selling and keep riding up. I'm happy with my 30% protection. 

Can't last forever though. 

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