Boiler Room: The Official Stock Market Discussion

Serious

Serious

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Helps put things into perspective....

Most-Valuable-Companies-2023_Main.jpg
 
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chineebai

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Serious said:
@chineebai tell me this isnt the most bullish article for OXY:
www.technologyreview.com

How a half-trillion dollars is transforming climate technology

Checking in with the landmark Inflation Reduction Act, one year later.
www.technologyreview.com www.technologyreview.com


OXY aint even start to print. That old guy has really out done himself. He is the GOAT :mjcry:

Buying more oxy in the morning :wow:
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I mentioned this a year ago but this is reminiscent of bni rail road. It took buffet like 18 months to buy the whole thing. Berkshire also has like their highest cash reserves near all time highs. Ultimately the only thing that matters is the price movement on the stock.
 
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chineebai

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everyone waiting on NVDA and Friday's powell speech.

NVDA has some insane insane valuation. Their PEG ratio is like 6. It's already up 200%+ this year. To me, it;s just insanely overvalued despite the whole AI story. JMO. I don't play earnings, it's a gamble.
 
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chineebai said:
everyone waiting on NVDA and Friday's powell speech.

NVDA has some insane insane valuation. Their PEG ratio is like 6. It's already up 200%+ this year. To me, it;s just insanely overvalued despite the whole AI story. JMO. I don't play earnings, it's a gamble.
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That’s how I feel as well. I want to see some consolidation. I mean their earnings tomorrow gotta completely blow ish away.

In discord I liken the ai hype to the housing market stocks in 2021.

For example when you look at Zillow, during that bubble / run you would have thought it was never going pop. But eventually it came back down to reality. Not saying it isn’t a solid company, but it’s valuation sky rocketed in a short amount of time and a lot people bought in at top, where it has yet to recover, or may take a few years.


I believe AI is the future and NVDA does play a big role, but way too much is priced in right now.

Especially when I think about companies. They’re barely able to utilize data in excel. That leap to cloud and automated infrastructure while not improbable isn’t happening with out some intense capital as well as upskilling.

And quite frankly most companies, are filled with average and unambitious people.
 
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chineebai

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markets are ridiculously dependent on NVDA and Fed speech friday lol. I mean I dont know about you, but I would either buy puts since they're cheap (small gamble) or sit on hands. I'm SOH. just my opinion.
 
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Because the markets currently are dependent on Jackson Hole and NVDA, I'm actually trying look past that to see what the next set of catalyst are. As well as what the macro trend in the market / economy.

My current theory is that NVDA smashes, then market goes insane for a day, then J Powell bring us back to reality with his bearing outlook. I was looking at some charts recently of numerous stocks that ran in the past 3-4 months, largely off the AI and semiconductor hype. I think a lot of stocks need to sell off and / or consolidate, otherwise we'll be in for a real nasty correction somewhere down the line.
 
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chineebai

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Bold prediction but I think nvda er wont be good and will tank the market short term. Jmo. I’m all cash baby. Er is always 50/50
 
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