Today was another buy the dip. Everything is bubbling and looks like we are heading higher still. Drugs stocks like PFE, JNJ and MRNA are having a major run. I regret not having a heavy option call on MRNA like the others. I’ll try to get in when it dips.
Some key characteristics among younger investors, according to Cramer, include: preference for stock picking over index funds; independent investment choices; willingness to take on risk in a bear market; belief in environmental, social and corporate governance, or ESG, investing.
Back in the dot-com mania, Cisco briefly hit a price to sales ratio of 39x with a market cap over $550 billion.
Other big tech names peaked in 2000 at the following Price to Sales Ratios…
-Microsoft: 31x
-Qualcomm: 30x
-Oracle: 27x
-Intel: 17x
-Applied Materials: 16x
He’s right. I’ve had one of the best trading days back in sep and some of these RHers nailed it. I initially went in there (from RH flows) with a gambling attitude buying anything in small quantity calls but many ended up being 5-10x returns. Having said that, it’s not a traditional investor mindset. It was purely a momentum play with ton of speculation pumped up by social media. Nov/Dec has been just as good though.
RHers created issues to HFT firms as they were fed the orders. Those middle players do opposite of retail traders and created huge options volume by RHers.
Still RHers in Reddit are blindly taking risks WSB kind of yolos.
They are very active day traders taking 0.05 cents options in bulk and bet $10000 or more.
For every option, HFT has to provide counter options having either shares or borrow. With 13 million users playing hefty bets creates issues to traditional brokerages.