Boiler Room: The Official Stock Market Discussion

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drifter

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Eric Brooks said:
I don't think these levels are crazy for tech companies; looking at the NASDAQ if you pull back the chart the QQQ overall was at the 9800 level way back in February/March prior to Covid.

We are currently at the 10500 level which isn't that big of a gain overall if you were deep in tech six months ago. Since covid developed, these companies have proven with their earnings and growth that they should be on the rise.
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You're using pre-covid figures as reasoning for current pandemic valuations. Mind-boggling, especially when most companies declined to issue guidance. Earnings were priced so that every company could knock it out of the park since the pandemic skewed figures. There has been no growth, just like there's been little to none since 2018.

Things aren't 5% better than they were in February, we have no business being where we are right now, let alone August's high. We had no business being at 9800 if we're all the way 100. Which is why we will fall further.

 
K-Deini

K-Deini

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Serious said:
Why don’t you wait til the next major red day.

A lot of us feel the market will be very volatile in the coming weeks.
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Oh I am. I was waiting til the 15s touched again but everyday brings us a day closer to merger. Dont know if that day will come
 
Starski

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:blessed:

I can’t wait for it to be a company the coli been bullish on the last few weeks
 
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Scholar

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Nautica said:
You're using pre-covid figures as reasoning for current pandemic valuations. Mind-boggling, especially when most companies declined to issue guidance. Earnings were priced so that every company could knock it out of the park since the pandemic skewed figures. There has been no growth, just like there's been little to none since 2018.

Things aren't 5% better than they were in February, we have no business being where we are right now, let alone August's high. We had no business being at 9800 if we're all the way 100. Which is why we will fall further.

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Not exactly true. When you look at innovative pandemic proof companies they have experienced lots of growth.

Zoom in its last quarter made more than they did last year. Amazon, Chegg, Tesla, UPS, etc. have experienced growth

We just experiencing that real time shift to tech
 
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