Originally Posted by scho63:
This is a perfect example of why the market is ready to roll over......:-)
I think this extended market can continue a bit and possibly deep into 2021, but there’s some seriously over valued sectors and stocks. Many don’t have an exit strategy and don’t see the blowoff coming until it’s too late. [Reply]
Originally Posted by scho63:
This is a perfect example of why the market is ready to roll over......:-)
Company’s co-founder just landed on Biden’s science team
Contracts to provide low emissions fuel to aviation industry
Ground purchased for new production facilities
May still be undervalued at $10. But I’m certainly no expert. [Reply]
Originally Posted by scho63:
This is a perfect example of why the market is ready to roll over......:-)
You're not alone in that thinking. I don't have any money placed on that position, but it's feeling pretty .com-ish. Earnings be damned, can't afford to be out, that kind of stuff.
It was pretty interesting. I'm a Ryen Russillo homer and listen to his podcast religiously, even the NBA crap I don't care about. Anyway he had Dayond John on, who was really open about being wrong on it and shorting the market and getting his ass kicked.
He talks about SharkTank and all that too, but It was a really good listen. I recommend it.
Nonetheless, you're not alone wondering how it can continue. [Reply]
Originally Posted by lewdog:
I think this extended market can continue a bit and possibly deep into 2021, but there’s some seriously over valued sectors and stocks. Many don’t have an exit strategy and don’t see the blowoff coming until it’s too late.
No one's ever picked a top or a bottom. I just don't like the agenda that's ahead. [Reply]
Originally Posted by bsp4444:
Company’s co-founder just landed on Biden’s science team
Contracts to provide low emissions fuel to aviation industry
Ground purchased for new production facilities
May still be undervalued at $10. But I’m certainly no expert.
It's market cap is around $1.5 billion with really nothing else to show. [Reply]
Originally Posted by Buehler445:
You're not alone in that thinking. I don't have any money placed on that position, but it's feeling pretty .com-ish. Earnings be damned, can't afford to be out, that kind of stuff.
2020 had first day IPO pops of 36%. More than double any year since 99. This doesn't look great either.
I'm not sure it's deeper into the broad market much yet. Pot stocks went nuts a few years ago before dropping down 90% in some cases. [Reply]
Originally Posted by ChiliConCarnage:
2020 had first day IPO pops of 36%. More than double any year since 99. This doesn't look great either.
I'm not sure it's deeper into the broad market much yet. Pot stocks went nuts a few years ago before dropping down 90% in some cases.
I'm becoming increasingly convinced it's being driven by people who (ahem) get excited about "get rich" stocks and don't actually do the necessary research to see if they're truly good bets long-term. It's not a stretch to imagine a dip is coming - I just hope it's not too severe. [Reply]
