That's 2 yrs and 6 months . You do the math. When does it stop?
As soon as I buy NFLX, which was two days ago.
I mentioned it a thousand posts or so ago, but one thing that I noticed in 2020 was that the Nasdaq stocks seem to be outperforming the rest of the market during bull markets, and they also went down a lot less in the March crash. I've been buying Nasdaq stocks almost exclusively over the past couple of months and my life has been better as a result. I've always held off on NFLX because I don't think they've got an unassailable market position, but the world apparently disagrees with me, so I finally gave up and started buying a little of it. [Reply]
Originally Posted by Rain Man:
As soon as I buy NFLX, which was two days ago.
I mentioned it a thousand posts or so ago, but one thing that I noticed in 2020 was that the Nasdaq stocks seem to be outperforming the rest of the market during bull markets, and they also went down a lot less in the March crash. I've been buying Nasdaq stocks almost exclusively over the past couple of months and my life has been better as a result. I've always held off on NFLX because I don't think they've got an unassailable market position, but the world apparently disagrees with me, so I finally gave up and started buying a little of it.
One of my stocks is QQQE and its basically the Nasdaq 100 and has been doing wonderful. And yeah I just said screw it and put in an order for NFLX. If a man was smart I think he could just make a portfolio out of those top 3 right now and do good. [Reply]
I'm Nasdaq heavy and those stocks have kicked butt. My DOCU is up 133.56 since 3-11. I bought in at three different points but overall but that's what it's done for me. [Reply]
Originally Posted by scho63:
My AMZN shares are on a path to $5,000
Legit question??? Why don't companies like that do a stock split to get the shares back to a reasonable price? I know percentage is percentage but most people won't buy a 5000 dollar share because that's all they have to invest. [Reply]
Originally Posted by Hog's Gone Fishin:
Legit question??? Why don't companies like that do a stock split to get the shares back to a reasonable price? I know percentage is percentage but most people won't buy a 5000 dollar share because that's all they have to invest.
Good question.
Maybe they don't need the money that bad to split it. [Reply]
Originally Posted by Hog's Gone Fishin:
Legit question??? Why don't companies like that do a stock split to get the shares back to a reasonable price? I know percentage is percentage but most people won't buy a 5000 dollar share because that's all they have to invest.
We AMZN owners don’t want to rub elbows with riff raff at shareholder meetings. [Reply]
Originally Posted by philfree:
I'm Nasdaq heavy and those stocks have kicked butt. My DOCU is up 133.56 since 3-11. I bought in at three different points but overall but that's what it's done for me.
Damn! You nailed that one. Good job, I love seeing win! [Reply]
Originally Posted by Hog's Gone Fishin:
Legit question??? Why don't companies like that do a stock split to get the shares back to a reasonable price? I know percentage is percentage but most people won't buy a 5000 dollar share because that's all they have to invest.
I recall reading once that Warren Buffet would never do a stock split on Berkshire Hathaway because it apparently costs some money to do it and he viewed it as an unnecessary expense. I would agree that it does price some people out when the stock gets to a high dollar amount like $100,000+ a share for Berkshire. (Buffet eventually started a different class of stock at a lower price, but I don't know if that was a cheaper option or if there was some other reason.) [Reply]
Originally Posted by Hog's Gone Fishin:
Legit question??? Why don't companies like that do a stock split to get the shares back to a reasonable price? I know percentage is percentage but most people won't buy a 5000 dollar share because that's all they have to invest.
I think it was Lewdog that talked about this a few pages back and it sort of made sense for me. You are essentially buying the stock for the same value no matter the price. And if someone is willing to buy Amazon for $2000 then they will buy it at $5000. [Reply]
Originally Posted by patteeu:
We AMZN owners don’t want to rub elbows with riff raff at shareholder meetings.
That's true. I have been in a discord chat group for stock trading for about a year now. It started off with a few hundred users and most of them were pretty smart. Once the coronavirus started shutting everything down and people got laid off back in February, it jumped to a few thousand. Most of the new guys had no clue what they were doing and bought and sold like it. It's my opinion that all those new traders that came in looking to get rich quick mostly lost their asses. [Reply]
Originally Posted by rydogg58:
That's true. I have been in a discord chat group for stock trading for about a year now. It started off with a few hundred users and most of them were pretty smart. Once the coronavirus started shutting everything down and people got laid off back in February, it jumped to a few thousand. Most of the new guys had no clue what they were doing and bought and sold like it. It's my opinion that all those new traders that came in looking to get rich quick mostly lost their asses.
Full disclosure, if I were a trader in a discord group, I’d be among the riff raff. :-) [Reply]
