Now I try to always put limit orders. I put sell for Boeing at $150 with “good till cancelled” option. One morning I wake up to see they’ve been fulfilled. Wohoo! But the price had dropped down to $140. So I cashed in on the spike.
The market is crazy. I still don’t understand if. P/E ratios for some companies are through the roof (100+), why are people still investing in them like crazy? We don’t have a cov2 vaccine, millions of people don’t have jobs, why did the marker recover half it’s losses already? Shopify, Amzn, Zoom. WTF! Their charts seem hyped. Or may be I’m just plain wrong and don’t understand the fundamentals.
Since the outbreak of COVID-19, demand for the kind of services offered by those 3 Internet businesses have in fact skyrocketed. Increasing demand imply those businesses still have room to grow revenue. Shopify [1] for instance is now seeing huge Black Friday-like traffic during the shelter-in-place and a lot of these small businesses are first-timers on their platform who will likely stick around after the pandemic.
1: https://mobile.twitter.com/jmwind/status/1250816681024331777