I want to say there is a reckoning coming to Tesla's stock, but the stock trades 5-10% of its float daily on average, so clearly there is a solid support level for the stock. Maybe there is a reckoning coming for the stock, but I sure don't want to try and predict when the bull support, FOMO, or whatever else is driving this stock up well finally dries up.
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don't worry, they announced that they will release their earning at the end of the month for Q2 and the stock tank by 10%...
I bought some today, in at $4.75 my broker says the company looks good and it a better buy than most other cannabis stocks in particular the Canadian ones.
I'm curious to see what people think of investing in Energy these days.
I watched this video the other day that shows the vast discrepancy between Tech and Energy at the moment, in terms of the % of the each that makes up the S&P500. Energy is at its lowest point in 30 years.
This is not my area of expertise, but I know there are lots of smart people involved in this sector, and I'm curious how people are playing things with the sector (or completely avoiding it).
Why is he only talking about Energy and Tech, when the chart includes Financials and Healthcare? Also what is the rational of Health + Tech and Energy + Financials? Also why one only using RHS and the other isn't?
This seems like someone looking for a chart that correlates based on past data. Maybe their is some causation here, but I'm not sure looking at energy is the best opportunity.
Are Finicials down? yes
Is Energy down? depends on the sector, biofuels seem like a buying opportunity
Is Tech up? Yes, but outside of outliers, I'm not sure we will see a massive pullback on a vaccine. I have liked tech ETFs for a couple of years now due to the gains.
Is Healthcare up? Yes, and we will probably see a huge pullback once someone finds a vaccine. Though governments will look to improve their emergency stockpiles, and maintain them, so we will probably still see some prepandemic growth after all is said and done.
Right now I see long-term opportunities in Financials, Airlines and REITs. I did have some O&G back in March, but I have since sold those positions off. I have a some short-term positions in biofuel, but that is more due to oversold status and any huge market gainst I expect to see.
Last edited by Krovikan; 08-28-2020 at 10:59 AM.
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I want to say there is a reckoning coming to Tesla's stock, but the stock trades 5-10% of its float daily on average, so clearly there is a solid support level for the stock. Maybe there is a reckoning coming for the stock, but I sure don't want to try and predict when the bull support, FOMO, or whatever else is driving this stock up well finally dries up.
Tesla was at $178.97 in June 2019. It has increased by 1,103%.
Tesla was at $178.97 in June 2019. It has increased by 1,103%.
P/E of 1,150 seems reasonable. I guess it's better than a P/E result of "N/A"...
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Just a bounce off the upward trend line from an all time high. A close below 346.50 on the SPY has a lot of room to fall.
You are probably right.
I'm no technical analyst, but I notice the SP500 way above the upper Bollinger band.
Figured something was up when most of my semi-monthly orders were filled when the markets opened. That happens never, usually some do and some don't depending on the direction of the markets.
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Quite the pullback on the tech stocks the past week - especially Tesla. Surprise no discussions on it. Chickens coming home to roost if you ask me (nobody did).
Sold all my old TD mutual funds as they got close to even in May and had a hell of a time redeploying that cash as I'm still learning the self directed game. Kinda happy I have some dry powder now and will be looking for opportunities to get it to work.
That said, what's a low cost parking lot CAD ETF? ZPAY?
__________________ It's only game. Why you heff to be mad?
Quite the pullback on the tech stocks the past week - especially Tesla. Surprise no discussions on it. Chickens coming home to roost if you ask me (nobody did).
Yeah. Although partially it was just a blow off from the ridiculous last month. QQQ was actually lower than now August 11, less than a month ago. So while its been a sharp drop, it was a pretty steep run up preceding it. That pace was never sustainable, imo.
I closed out a Tesla bear put spread today that I opened last week, so that worked out nicely. Should have waited longer given how the afternoon went.
I like IPL and ENB a lot. Got into IPL at $11.95 and ENB at $39.75 CAD. Both are long term holds and I think they will do very well.
In addition, I am very bullish on natural gas and have been adding quite a few positions. With EV's progressing faster than most expected, there is going to be quite the strain on power infrastructure. Natural gas generators are likely going to fill that gap as for baseload power your options really are nuclear, coal or gas. Natural gas being the least hated right now.
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What are people's thoughts on IPL for a 3 year hold?
If it goes down to $12 ish I think I'm going to add a position.
I rather go tech, but I understand tech more than I do for Energy. My friend has been pimping IPL to me for the past 5 years, while I've been talking up the big techs.
I picked up DCBO.to today for a small position in my Margin account.
currently holding AAPL / AMZN / SHOP in my TFSA account.
I momentarily got on the TSLA train for a paltry 10% gain (compared to the 60% run up it had), flipped it back for more AAPL.
I just wish Canada had better options for Tech stocks, only ones i'm watching are DCBO / SHOP / BB / CSU
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I rather go tech, but I understand tech more than I do for Energy. My friend has been pimping IPL to me for the past 5 years, while I've been talking up the big techs.
I picked up DCBO.to today for a small position in my Margin account.
currently holding AAPL / AMZN / SHOP in my TFSA account.
I momentarily got on the TSLA train for a paltry 10% gain (compared to the 60% run up it had), flipped it back for more AAPL.
I just wish Canada had better options for Tech stocks, only ones i'm watching are DCBO / SHOP / BB / CSU
LSPD is an interesting .TO tech company to follow. KXS too.
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