MARKETS,Anybody even yet?

[FAA]

A core belief that this sector will be the future driver of economies. FOMO syndrome, maybe.

[dinghy]

A core belief that this sector will be the future driver of economies. FOMO syndrome, maybe.

Okay thanks. My (admittedly contrarian) argument is, I don't want to buy "good" companies; I want cheap companies. Any stock purchase can be good at a low price, or bad at a high price.

You mentioned Apple. Fred Hickey wrote this in early April, a little before the Liberation Day crash:

"Even with today’s sharp decline, Apple’s P/E ratio is still
over 32 times its relatively stagnant earnings. For comparison
purposes, sales of Apple’s iPhone began on June 29, 2007 and
it totally transformed the company. During the 2010-2019
decade, Apple’s revenue growth rate was 17.9%, yet its
average P/E ratio during that period was 16.2. Cut Apple’s
stock in half from here, (Apple would be trading around $100)
and the stock would be valued as if it was still a relatively high
growth company – which it is not (revenue growth is closer to
zero)."

Many such cases.

Anecdotally, almost any time I chat up a random about stock investing, they mention tech stocks. It's the one sector that's widely accepted as must-own.

[dinghy]

[olds442jetaway]

I made a typo above. Didn’t check my math like I usually do. Only up 2 percent for the year not 6.5 . O well. Up is up.

[dinghy]

Up is up.

I'm having a good year. New all-time high today.

But I'm somewhat backed into a corner, with only one sandbox to play in. I own a lot of nat king resources, and not much of anything else.

I have no prospects either. I added a few food stocks, but I'm not confident enough to munch a bunch.

Things can change though. I'll be up early for the 5:30 am (Pacific time) monthly employment report, followed by about 3.50 hours of trading before the long pause.

[olds442jetaway]

Ditto up early. Maybe that’s why Berkshire is sinking. Still a huge like 25 percent position in AAPL

[FAA]

Great minds think alike, Olds! At least I hope this is the case. He also donated $6B worth of stock. It’s someone else’s problem now!

[FAA]

Dinghy, Microsoft and Visa have similarly lofty P/Es. It’s troubling, as I own both. Projected prices are high too, but those pie in the sky numbers don’t always hit.

[olds442jetaway]

Trying a little bottom feeding before the early close. Gotta get back to find something. Report back if any “ gems “ found.

[dinghy]

Report back if any “ gems “ found.

Looks like I'll go out with only one stock purchase the entire (such as it is) week. That was a small reload of WDOFF Wesdome Gold Mines at 13.32. I like Wesdome because all the news has been good, including strong drill results a few days ago -- while the price has declined. This is probably the most obscure of my top holdings. It doesn't even have a regular ADR listing in the States, only the OTC ticker.

Dinghy, Microsoft and Visa have similarly lofty P/Es.

Of the two, I only hate Microsoft. (Haven't looked at Visa .) The tech companies have spent ungodly bucks building out AI, and I'm not convinced of the monetary value.