Stock crashing
 

Hope you sold out in time, cause the unrest is Seriously fucking the marker.

20% down the last week, but my stop-loss saved me from another 10-20%.

Micro crash
Was a good moment to buy
Note to myself: New York is only rational after 11h30

What has crashed 20% in the past week? Tesla?

Blame Elon Musk for getting into Bitcoin, now let’s see how Tesla stock will performs.

He was right at 9:45 (new york time)

Almost all in my green portfolio :), exept Tesla that I dont touch
Ballard, NEL, Plug Power ect ect ect

Yikes :Oh crap

Cheers for the reply Ferus

You've made some incredible gains in your stock picks in 2020

What's your thoughts on the markets, do you think we'll see a massive stock market crash at some point this year?

Thank god. buy the dip

We've got our own community Peter Schiff in the house, everything is Bitcoin with this guy :1orglaugh

Your stock choices must suck. YTD I am up .13% and that is only because of that Gamestop BS of last month.

:1orglaugh

No idea, I only know about the stocks I invest in. I have no idea as how the market goes, and dont want to guess

No... Im up 60% the last year in total. This was a stop-loss event

This is across the board in all stocks - see the dip in the end, that is the 20% in a week
https://i.ibb.co/GHqLpCk/across.jpg

I listened a lot to him in the 2007-8 crash, but I think Peter Schiff have gone nuts - dont know why, but I really use to like his channel.

You can laugh all you want, but your Bitcoins going to crash and we will see who going to laugh at the end.

I bet on $35000 before it bounces back.
But it should keep a value for a couple of years.

The problem with Schiff is he can't admit when he's wrong, which is a horrible trait :2 cents:

I think that might be exactly whats puts me off about him. He have 5000 reasons when he wasn't right, instead of just owning up to it and move a long. It would be a much more honest approach.

I do not follow the stocks or the sector, but is this just a temporary or a fundamental change within the industry?

No idea. I can not predict the market, but only react to what happens. Any prediction from me, would be be repeating someone else's words, and no point in doing that.

I'm just waiting until its stable again so I can buy in


I'm just happy I have a stop-loss mechanism :1orglaugh

Buy the dippity dip!!!

:1orglaugh

You've hit the nail on the head with that comment! :thumbsup

I watched a 1 hour video of a seminar he did in Australia (think it was 2018) and it was an entire hour of him doing that exact thing, a thousand reasons why his 2008 predictions didn't come true and why.

I'm just thinking "People have paid good money to listen to this bullshit"

I get the impression that he's the type of character who would rather be correct (with his predictions) and watch the world burn just so he could finally say "see I was right"

Nobody cares about your paper trading account, brokedogg



To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.

I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.

As far as Bitcoin goes, I see it dropping back down to 25-30k and then within a couple years breaking out to 60-100k. That’s usually how it works, but then again there are big institutions buying now so I don’t know if it will correct as drastically as the past.. especially with people losing faith in the USD.

Good luck everyone. As always, don’t invest more than you can afford to lose. Also don’t FOMO into things that have already seen astronomical growth because we’re long overdue for a bear market.

I'm guessing you cashed yours early and now you are bitter as fuck. Every post of yours is about how its going to crash and we all going to cry. You said that at 8k, 12k and now at 50k. Meanwhile I made ~600K so far.

I lost a few k, but i bought more on the dip..good luck

This makes sense....I made quite good money with Occidental though....it's still kinda low, i feel like buying more.

I can't wait to crash.

same here

What's your timeframe for the bust?

I think we're looking at September this year, I think there will be a melt up promoted via a post covid/immunization summer boom, one last dose of euphoria before the chips come crashing down. The reality is, once they open up the economy again and stop all the financial support measures, that's when the insolvency really begins.

That's my view anyway

Could be. The money has been printed. It's not going away. So even if the printing stops, it's still there and needs to be parked somewhere. The insolvencies mainly rest with the middle class and below, who will effectively be made serfs. This class struggles to pay rent, so they are not the ones investing in the market. Therefore, they are unlikely to affect the market.

Sad as it sounds, the world has moved onto MMT. The fed has printed money, but so has every other country. China, for example, has a money supply equivalent to the US and EU combined. Their printing press is on another level, and still going.

weed for one thing

The dip has been bought, woohoo!

still everythuing is low, Tesla cannot pickup

If it falls under $600, I would pick up some more.

I would not reccomend that (not that you asked)
Dont be shocked if the stock goes to $60-80, where the P/E value would still be high.

Ferus I actually took your advice back when you suggested 'us' to buy Norwegian NEL. I thank you for that. I did go through the general stock information before moving in but it felt like a solid pick.

:thumbsup

I agree, they have a ridiculous P/E that is not backed in reality, but Telsa seems like "the meme stock" in a post-truth world.

You are welcome :thumbsup

For the record, I went out of NEL at 31 (450% profit over 2 years), since that was my exit.

I will enter again when they start selling their solutions. Right now the competition is gaining on them, and they are out-selling NEL. I want to see them sign contracts on some of the big project here in the EU before recommending them again.

The annual meeting is 15.4.2021 - watch out for news just before that date

Right now I am about 95% cash, and the rest is in a few companies that wont make money untill maybe 2-5 years from now:
- ClearStream Energy Services Inc
- IDEX BIOMETRICS
- Plug Power, Inc.
- THIN FILM ELECTRONICS

Start buying back now- We are at (or close to) the bottom of the dip now (if you ask me...) + oil is going up

Tesla is rather high at the moment and may not be a good buy for most.

There are a number of other makers that might be a great investment so take a look at them. And a few that are not yet traded. So wait for them.

But do not just focus on the car makers. Think about their suppliers also. Plug is down a bit but will go up and there are a couple of other power cell companies that should boom.

Not to mention the charging station companies.

Right now also the airlines. They should rebound fairly well like the cruise industry did.

However. if you are getting into the market make sure you know the tax laws behind buying and selling. If your thinking quick buck you lose like 33% if you sell in less than a year.

One year and 1 day it drops to about 23%.

The fact is: in one year it has the time to go up and down 50 times.
I am not in the US, but i would sell what starts to be overpriced before it drops.

Do you have some names?

Nio
Fisker
Nikola
Workhorse Group Inc. (WKHS)
Kandi Technologies Group Inc. ( KNDI )

But like I said also focus on some of the parts makers.
Screens
Rims
Interior and Software

Read though this.

https://www.prnewswire.com/news-rele...301186765.html

Thanks...

When the market first started to boom I was wondering where this was coming from as well. I was expecting a recovery but it went faster than expected.

Then the talking heads started asking the same as you did. where this was coming from and why.

I think that a few of the reasons was:
People started out thinking that they would be back to work within a few days.
That did not happen. Then they started losing jobs and things got worse. Tons of people went online looking for a way to earn. Any way to earn.

Some people got the idea and in a desperate jump used their last bit of money. Then got stimulus with a promise of more. Hoping.

Then at the same time as these desperate investments were going in the reddit thing hit.

That in my opinion was a miss guided idea of protecting the company GS. from the short seller. People not really knowing what happens with most shares.

Maybe I am way off base. Just my thoughts.

tesla keeps crashing

Bud, I respect you but 0.13% growth YTD is PITIFUL.

I'm up 133% YTD, GME was a bagger of an event, both times.

opportunity soon :Graucho

There was some kind of rally in December.
Not sure...