This is wrong. If the market pulls back enough, then buy the unarguable stalwarts. You won't go wrong. But if you want to make money, and you have money, buy puts on the fang stocks. And let your position sit. Disregard the BS. NFLX at a PE of 330 plus! DUHHHHHHH There ain't enough growth in the world to justify that. Its common flipppin sense. Give it a year or two. The chickens always come home to roost. The sheep will get eaten.
The market can stay irrational longer than you can stay solvent. Where's that big tidal wave correction that people have been saying for the past four+ years? It's easier to reach success as a trader, then an investor...in my opinion -- atleast you have some variables in control
Where's that big tidal wave correction that people have been saying for the past four+ years? L-L....That was "them", not me. I knew the party was going to keep going. When large players can borrow money for next to nothing, there is no way they won't keep the party going. Is the hour getting late? Perhaps a tad. Its 1AM, not quite last call, but the hour nears. I guess the bars don't shut down in Vegas, but eventually, the money runs out. The house of cards must fall. Its physics. No one has ever built a perpetual motion machine. (Although I'm sure Elon Musk is working on an IPO for one) And yes, trading is the way to go. The title of the thread is misleading I guess. I should have emphasized the word conditioned. Or perhaps used brainwashed. And in that context, imo at least, its a correct statement for the masses. You'll never see a Raymond James commercial come out and say.... "Short this pig market". I mean, most people are easily led in matters of financial planning. Thats why Boston has a skyline. Granted, this does not apply to the majority of folks on this forum. Thats why we are all here. We want the control of what we think we can do better and faster than others charged with that professionally. Now that being said.... buying LEAPS on PigFlix and forgetting about them with a portion of your pot of money, does not imo, fall under the blanket of classic investing. For me, its part of a bigger trading strategy. NFLX is overvalued. And I will debate this till the cows come home. (what is it with me and these farm metaphors) They can, and probably will, make some BS announcement next week like the Comcast thing, and the pos will pop...But over time, the chickens come home to roost. And Pigflix has a long way to fall. It has first mover advantage, but you can mark my word.... things are changing. Content delivery is extremely dynamic and is a rapidly changing segment. They are entrenched in what they do. A 300 PE is a 300 PE. Of course, I could be wrong. But I'm not.