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|User Info||ROFL! 5yr P/E/G of 17?!; entered at 2018-01-12 17:15:53|
Registered: 2007-07-20 Flagstaff, AZ
Starting two quarters ago I made the decision I was going to buy put options the day of earnings for the next 8 quarterly earnings. My reasoning was their is no way they don't take a huge hit at some point in the next 2 years. Of course the market will probably make me wrong but I feel like it's too good of an opportunity to pass up.|
On another random market note, my brother called me a week ago asking for investment advice. He has $60,000 in cash that his wife has just agreed to invest. He works for a huge mult-national firm. He said his co-workers are all telling him to invest in amazon and tesla. I started laughing and told him the strategy I was doing buying puts on amzn. I also told him amzn would be my #1 stock to not own and tesla would be in my top 5 of not to own. I spent an hour explaining evaluations and such and convinced him to not get into the market at all right now. Just thought it was interesting to hear what stocks are being touted at a huge firm.