The Investment Thread
Looks like Microsoft recovered and green now. I have high hope for Tesla tomorrow. May YOLO some calls.
Yeah, was just showing how irrational the market is behaving. AAL also had a beat with optimistic guidance and a debt reduction plan that looks quite good. Fell 15% since then.
Then again, the market has been acting irrational the other way for a year.
I wanted to buy TSLA puts a couple weeks ago but they are just too expensive relative to what I wanted to invest. Wish I had but hindsight is an amazing tool not at my disposal.
The best companies in the world are in tech. The most overvalued companies in the world are in tech. Reminds me so much of dot com bust. Amazon hit all time high in 1999 while struggling to actually make money. Produced one good earning report after another over the next two years as the stock lost 90%. It didn’t hit a new all time high until a decade later. Can’t help but think TSLA is the new Amazon. Insanely good company but so overvalued. I’d love to own TSLA but in that $300 range is where I’d get interested.
It’s possible they have a blow out quarter and the earnings begins catching up to the price. It’s already done that some but it’s going to be a lot more difficult moving forward.
Then again, if it is like Amazon then nobody will care about any of this in 20 years.