Sold much of my TSLA earlier today when it was down 2% on the day.
Sold much of my TSLA earlier today when it was down 2% on the day.
Maseratl wrote:
Sold much of my TSLA earlier today when it was down 2% on the day.
Why? Why would you sell it? Keep it for 20 years.
Maseratl wrote:
Sold much of my TSLA earlier today when it was down 2% on the day.
I don't have much anyways, so just holding for now.
Sold a little bit of tech into the rally this morning,
seattle prattle wrote:
Maseratl wrote:
Sold much of my TSLA earlier today when it was down 2% on the day.
I don't have much anyways, so just holding for now.
Sold a little bit of tech into the rally this morning,
Dude - you don't buy and sell willy nilly. You buy and hold. Look at MSFT. It has delivered for decades!
seattle prattle wrote:
danube steak wrote:
Is anyone surprised MSFT has done so well? I thought it would have run its course many years ago. It was at $62 5 years ago and now at $332. Pretty amazing.
I'm not surprised. I started pumping it on this thread about three years ago and in my own portfolio, heavily, and in their particular instance, I started loading up when they started emerging on the cloud computing scene.
Get a load of this post from 3 years ago dated 7/24/18:
Ghost of Igloi wrote:
Seattle,
No problem in their business, you just hold them at ridiculous valuations. You think just like ever investor blinded by greed.
What is wrong headed is your view of how this ends.
We’ll see.
Igy
FWIW, I guess we are seeing......
The miracle of $Trillions of QE, and the continuing trend of investors willing to pay more for a unit of earnings.
FWIW:
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/pe-ratioRising total liabilities correspond to rising stock price (increasing use of stock buybacks to juice growth):
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/total-liabilities
danube steak wrote:
seattle prattle wrote:
I don't have much anyways, so just holding for now.
Sold a little bit of tech into the rally this morning,
Dude - you don't buy and sell willy nilly. You buy and hold. Look at MSFT. It has delivered for decades!
No on both accounts.
Microsoft is quite a story and one i followed throughout,
When i started investing in the mid nineties, all the talk was, 'if you have bought MSFT in __ (my guess without looking, 1987), $10K would be worth a million today'. That made a big impression on me. But to my credit, I soon realized that MSFT stalled out along the way and I never bought it until about 4 years ago when times changed and things started moving to the cloud. I invested in other stuff that paid off.
In terms of selling now, I need to rebalance and have been saying this for a long time. My ratios are bonkers. Trust me, some here have already advised as much.
Call it greedy, but I was waiting until i returned to my ATH to start selling, which i just have. So far it has been token amounts. Taking profits is not my strength.
Better than MSFT, TSLA, and Bitcoin. CAR is another long term hold. 🤢
https://twitter.com/NorthmanTrader/status/1455554931797200912
I have done well by never getting caught with my pants down.
I have sold and re-bought TSLA a few times. Like many things, it cycles. I might re-buy in the future, if conditions look favorable. I will book the gain on it this year. I do not need to hold TSLA--or anything--for 20 years. I sell things when the tax scaling is right, and when it makes sense. I will sit out TSLA for at least a little bit, to see what happens.
I learned early that greed can kill. My gain on this sale is more than great. I also learned early on that my psychology is better-served by selling when I feel it is time to do so, and not second-guessing...especially not second-guessing by buying back in soon after a sale. My attention is now turned to other things, and I am only an observer of the TSLA drama.
All humans share a distinct type of gut feeling on things like winning and losing. I feel like if you're up a good amount, it makes sense from a tax perspective... take your win and move on.
Ghost of Igloi wrote:
The miracle of $Trillions of QE, and the continuing trend of investors willing to pay more for a unit of earnings.
Investment teaching moment: This is a good thing for those in the market.
Another speculator gets whacked:
Another one better than MSFT, TSLA, and Bitcoin. We can grow them on trees…..
Ghost of Igloi wrote:
Rising total liabilities correspond to rising stock price (increasing use of stock buybacks to juice growth):
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/total-liabilities
It's a toss up! Which is greater, your ignorance of accounting or your ignorance of statistics? How in the world does MSFT's increase in deferred revenue and taxes payable, while a reduction in debt of $10.264 billion ( Y-O-Y ), juice growth? With the Fed you always look at the assets and ignore it's liabilities. With stocks, it's always the liabilities but never the assets.
la gente esta muy loca wrote:
Ghost of Igloi wrote:
Rising total liabilities correspond to rising stock price (increasing use of stock buybacks to juice growth):
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/total-liabilitiesIt's a toss up! Which is greater, your ignorance of accounting or your ignorance of statistics? How in the world does MSFT's increase in deferred revenue and taxes payable, while a reduction in debt of $10.264 billion ( Y-O-Y ), juice growth? With the Fed you always look at the assets and ignore it's liabilities. With stocks, it's always the liabilities but never the assets.
Of course their assets are high. Who’s isn’t? Even XOM!
Of course I don’t ignore all the Federal Reserve Note floating thru the system creating all these hot potatoes.
This is such a huge bubble.
Sure MSFT is a more valid investment than BBBY, or CAR.
In the end MSFT will go down with all this market, and based on market cap will take a bigger hit than XOM.🤡
That’s my story and I am sticking to it.
Where’s the Oh Snap Guy!
😹
la gente esta muy loca wrote:
It's a toss up! Which is greater, your ignorance of accounting or your ignorance of statistics?
Igy has repeatedly demonstrated his lack of basic mathematical skill. A middle schooler knows more about probability and statistics.
Gruntz wrote:
la gente esta muy loca wrote:
It's a toss up! Which is greater, your ignorance of accounting or your ignorance of statistics?
Igy has repeatedly demonstrated his lack of basic mathematical skill. A middle schooler knows more about probability and statistics.
Wouldn’t you know it? The Oh Snap Guy!
Ghost of Igloi wrote:
la gente esta muy loca wrote:
It's a toss up! Which is greater, your ignorance of accounting or your ignorance of statistics? How in the world does MSFT's increase in deferred revenue and taxes payable, while a reduction in debt of $10.264 billion ( Y-O-Y ), juice growth? With the Fed you always look at the assets and ignore it's liabilities. With stocks, it's always the liabilities but never the assets.
Of course their assets are high. Who’s isn’t? Even XOM!
Of course I don’t ignore all the Federal Reserve Note floating thru the system creating all these hot potatoes.
This is such a huge bubble.
Sure MSFT is a more valid investment than BBBY, or CAR.
In the end MSFT will go down with all this market, and based on market cap will take a bigger hit than XOM.🤡
That’s my story and I am sticking to it.
Where’s the Oh Snap Guy!
😹
That’s right one correction on the above, Zillow did write down the assets in their house flipping business. 🤢
Ghost of Igloi wrote:
Gruntz wrote:
Igy has repeatedly demonstrated his lack of basic mathematical skill. A middle schooler knows more about probability and statistics.
Wouldn’t you know it? The Oh Snap Guy!
Thanks for proving my point. 🍚
Looks like the human infrastructure package will have a considerably steeper climb to passage.