Too bad that you're missing out.
Too bad that you're missing out.
Ghost of Igloi wrote:
"I bought NFLX in late April. It's up over 8%. The DGTD contrarian indicator strikes again."
Read more:
http://www.letsrun.com/forum/flat_read.php?board=1&id=7469931&thread=5369837#7469931#ixzz4EnNbojD7Well, maybe not.
Could hardly wait for the market to open. I just doubled down on NFLX. Currently sitting 2% in the red, but targets are as much as 50% higher. Here's hoping.
WedBush raised their target on NFLX from $45 to $50. It's a value stock now, the PE has dropped from 300 to 266.
Igy
only econ today is housing starts - they are strong, at near the highest levels since the financial crisis.
it's looking to me like the rise in the market is predicting a strong 2H 2016. The econ has been strengthening pretty solidly and consistently.
Don't quite see what I am missing out on? Oh, sorry, median stocks and bonds at the most distorted valuation in history. There going up in price, that's a good thing right?
Igy
Up is good.
idiot,
If a store raises prices that is good, for the seller that is.
Igy
Yes. Buy low sell hi. Right?
Right, and keep selling, because the low will be a good one.
Igy
You want me to sell low? That doesn't make sense.
Yes, S&P 500 EPS are at the lowest level since 6/30/2012 and falling, yet the index is at a historic high. Of course one should look for a low index level and rising earnings. But you do use the handle "idiot investor."
Igy
I don't think selling at a low index level is a good idea. Maybe I'm not the idiot after all?
I'll remind you.
Igy
Remind me of what?
That the market wasn't priced low. The previous handle was a better fit.
Igy
We were talking about the index.
OK, the S&P 500 index is not priced low.
Right the index has actually been setting records lately.
Yes, there are plenty of idiot investors that are buying at this level.
Ghost of Igloi wrote:
Ernie,
Speaking of cherry picking, did you ever consider who JJ works for, and why he wishes you happy trading.
JJ works for an investment company. So do you.