FOCAL ARIA FTW
Join Date: Sep 2009
Location: Luxembourg Ville
As a very active trader since February, I can honestly say the COVID-19 climate has made the stock market and the respective valuations completely independent from reality.
While pre-covid it was a jungle, now it is something where you can actually change the laws of physics.
They claim 'demand for graphics chips in data centers' when the reality is too much dry powder and people buying stocks under artificial life support from the likes of Fed, ECB, etc.
Everyone has shifted their attention to tech companies because all the others sectors are bleeding badly.
In a few years when affected sectors will be reshaped, the likes of NVIDIA will actually have to innovate to keep their inflated valuation.
The best example is Tesla. It has become the most valuable car making company in the world.
Quite funny to say the least. This year the stock drops to 360 dollars a share.
Fed and Trump announce their measures and the stock picks up.
Blinded by bonuses and quick profits, traders pile up on Tesla.
Stock reaches around 800 dollars a share.
Some c*ke party friends Elon met online,while he was having a menage a trois with Amber, tell him 'We did not get enough shares'.
Elon says 'hold my beer'.
Elon goes to Twitter : 'My company is overvalued! Share price is too high'. He then goes and sues California for lock downs.
People react ...share price drops back to levels where huge profits can be made.
C*ke buddies buy , current investors jump as well and voila ...TESLA STOCK IS AT 1370 dollars!
Meanwhile Elon keeps it down and still claims TESLA is overpriced.
FLOOR STANDING SYSTEM: FOCAL ARIA 948 WITH NAD C388 & NAD C568 & REGA PLANAR 3 / HOME CINEMA : YAMAHA AVENTAGE RX-A860
DESKTOP AUDIO: DENON AHD-2000/5000 -MARK LAWTON & DENON AHD-9200 WITH PIZZA STACK / TOPPING A50 HiFi BALANCED HEADPHONE AMP & D50S HI-RES DAC & P50 REGULATED LINEAR PSU
Last edited by Wishmaker; 07-09-2020 at 12:08 AM.