Stock of the Day
- Started
- Last post
- 630 Responses
- grafician-3
So it begins...
"Trading in Evergrande, Evergrande Property Services halted
Shares of Chinese property developer Hopson also suspended
Hopson to buy 51% stake in property services unit - Global Times
Broader market nervousness returns, offshore yuan slips"
https://www.reuters.com/business…
Many Chinese companies halting trading in HK, the market is starting to crash it seems
- Naked on my couch and waitingdrgs
- "Nearly 25% of Chinese stocks have stopped trading"
https://money.cnn.co…grafician - "While it's a top issue for China, few foreign investors have much exposure to these stock markets."grafician
- ^Except the $20B in Evergrande hold by various Western sources
(not to mention crypto entities, like Tether, etc)grafician - China won't crash, but they will more than happy to burn the fingers of foreign players.shapesalad
- grafician-6
"Amazon-backed EV maker Rivian discloses nearly $1 billion losses in IPO filing"
Yup, as I said, primed for a juicy short
- https://finance.yaho…grafician
- I love everything about their truck except those damn headlights.fooler
- those form a robot face somehow so the trucks seem friendlier?
actually most electric cars do thatgrafician - But I wouldn't buy electric yet until they get at least better batteries for longer autonomy - think over 1000KM at least
That's after 2030 easygrafician - ...then the stock will go sky highgrafician
- Investing in electric is a guaranteed win though.monospaced
- electric cars are solved now
pretty sure the future money will be more in energy storagegrafician - Still infancymonospaced
- Go Tesla!formed
- That's actually not a lot of money to setup a car company, this shows good fiscal discipline.zarkonite
- bainbridge0
Bought $3000 of BED BATH & BEYOND INC stock last month, now I'm down 50%.
Would have thought back to school could have been better.
Should I hold?
- Sell covered callsjohnny_wobble
- First, stock doesn’t go up for back to school season. Also they aren’t a back to school store.monospaced
- last year there were quite a few stocks whose price was affected by the fact that the school season did not started as expected. this view is more due to thatsted
- hold.
25-30 is critical price range.
it was a risky but, live with it.sted
- sarahfailin1
Fortunately Evergrande is the only severely indebted Chinese business.
...or at least it's the biggest one.
...right??
O.o
- The Chinese Gov. is actually forcing other national businesses to take on the debt of Evergrande - to "keep it in the family" in a way
So expect more bleedinggrafician - I would be more concerned about the US default in October than Chynagrafician
- There won't be any default. It's all postering and politics, as always.formed
- The Chinese Gov. is actually forcing other national businesses to take on the debt of Evergrande - to "keep it in the family" in a way
- grafician-5
The word from the man himself:
"POWELL: NO ONE SHOULD ASSUME THE FED CAN FULLY PROTECT THE MARKETS OR THE ECONOMY IN THE EVENT OF A DEFAULT"
fuck around and find out then
- This isn’t news.monospaced
- Yes it wasgrafician
- No it isn’t. Everyone always knew this. It’s not news.monospaced
- still the markets behave like the Fed can and will do it
this is why we're in this messy situation these days, everybody assuming bailoutsgrafician - Why are you always talking about the US government? Just curious.monospaced
- I also don’t see any messy situation where anyone is expecting a big US government bailout. What companies are acting like this?monospaced
- fooler2
A community of young investors on TikTok, including @ceowatchlist, @quicktrades and @irisapp, are using House Speaker Nancy Pelosi's stock trading disclosures as inspiration for where to invest themselves. One user called Pelosi the market's "biggest whale," while another called her the "queen of investing."
- ^my post bellow was about this ;)grafician
- yeah, I saw that but I just started following those tiktok feeds. I know nothing about stocks and trading but I might start what these rich people r doing.fooler
- then don't do it just because the cool kids do it, it takes a while (a few years) to be consistent, otherwise you'll spill a lot of cash fucking aroundgrafician
- start with:
https://www.investop…
https://www.tradingv…grafician
- grafician-3
"Amazon Web Services Is Creating A New Organization To Combine Its Edge And Hybrid Cloud Computing Teams Into One - Insider
$AMZN"
- drgs0
- Margin call in 3...2....grafician
- Daaaaaaaammnmonospaced
- Its happanengdrgs
- wylie coyote like chartshapesalad
- It’s only a flesh woundGnash
- grafician-1
Anybody monitoring the Evergrande situation in China?
It's their "2008 debt crisis" moment it seems, and looks like it will spill into other areas, from crypto (lots of tether in there) to destroying the Royal bank of Canada, HSBC and others
- https://twitter.com/…keewee
- hope it is not true...keewee
- that's like still denying climate changegrafician
- $$$ climate is gonna change for surekeewee
- Chinese housing market is a huge polluter btw
Look up "china ghost cities"
https://www.weforum.…grafician - This guy you all seem to love around here has some basic info https://www.youtube.…grafician
- So overall, 1/3 of China moneyz iz at stake of getting rekt
That will spill into Western world and voila - a new crash!grafician - so in just 2 short years, China giving us an worldwide pandemic AND a financial crash
who said communism isn't good for yagrafician - They’re still pretty great at capitalism though.monospaced
- Nah, Xi just a commie doing commie thingsgrafician
- I'm talking about the nation of China and business, not Xi. They're very capitalist on the global scale.monospaced
- no, not really
they're just many and very nationalistic
you can't control that many ppl without a authoritarian govgrafician - our debt to them for the things we purchase disagreesmonospaced
- omahadesigns-3
Explain options to me.
Are they the best way to get a lot of money?
- great way to lose a lot of money, but crypto would be an even faster way to lose moneyformed
- you buy the opportunity to get the stock in the future at the price you set in the present.sted
- if its done right it can make a lot of money.
https://www.investop…sted - A very smart way to lose a lot of moneygrafician
- check out theta gang strategies for options tradingjohnny_wobble
- https://www.youtube.…johnny_wobble
- "Google this for me"sarahfailin
- @sarahfailin you know it isn't easy to understand, you can google it but what you will get is a lot of confusing information...sted
- i looked at that youtube johnny_wobble shared it's a good place to start.sted
- omahadesigns-3
What's your biggest gain from the last year?
How much did you invest? How much are you up?- $5k ->$10k This year so far. Got two Apple options, one expires 1/22 the other 1/23.ArmandoEstrada
- Novavax up about 175%, Loral up about 100%. I don't trade or do options, etc.formed
- omahadesigns-2
Bought some Uber stock 5 months ago, doesn't seem like it's working out
- what did you expect?utopian
- yeah, why did you buy uber then?monospaced
- Because the business would rise once the covid was over?omahadesigns
- its not over tho.pango
- and we've got a worker debalce going on w no one wanting to work, wanting higher wages, all that hurst Uber (and most companies, as well as the economy)formed
- working from home is the trend.pango
- bainbridge0
Good stocks that will get a boost from Labor Day Weekend?
- What?monospaced
- I just yolod 150k on mosquito repellentnb
- grafician-1
"Rivian (RIVN) has reportedly filed for an IPO and is looking to go public around Thanksgiving after it lands SEC approval. Bloomberg reports that the electric vehicle startup is looking for a valuation of around $80B, which is a shocking jump from the $27.6B valuation when it raised new funds from T. Rowe Price, Fidelity Investments and Amazon (NASDAQ:AMZN) earlier in the year. The $80B mark is also higher than the caps for Nio (NYSE:NIO) $61B, Fisker (NYSE:FSR) $4B, Canoo (NASDAQ:GOEV) $2B, Workhorse Group (NASDAQ:WKHS) $1.1B and Lordstown Motors (NASDAQ:RIDE) $1.1B combined. Of note, Ford (NYSE:F) is also an earlier investor in Rivian.
Rivian aims to bring a truck and SUV to the market. The R1T truck will have a +300-mile range when it launches and the R1S SUV will feature towing capacity of 7,700 pounds. Amazon is tied pretty close to Rivian with a goal to have a delivery fleet of 10K Rivian vehicles on the road making deliveries by 2030."- JUICYgrafician
- Prepare for shorts, this won't go down well right after IPO, although the tech is good, but the valuation is preposterous & that Amazon contract is still yearsgrafician
- ...years aheadgrafician
- They're behind schedule, pivoting, the main product's tech is deficient... doesn't sound like a good investment to me. Pick it up when it hits the floor, not onzarkonite
- first offering.zarkonite
- No no, I said short it on IPO daygrafician
- but sure, it was just a suggestion, who knows, they might become the next TSLAgrafician
- It’s very difficult to short an IPO on the day it IPOs.monospaced
- Sales are usually denied for awhile.monospaced
- grafician-5
- also somebody asked about beverages stock, so DEO - like predicted - is very much down, under June levels.grafician
- this could easily mean it's time to buy these stocks. you might as well plow into tesla assuming it'll go up another 1000%sarahfailin
- This means buying now expecting lots of action is a dumb move. The world is going into lockdowns and a 4-5th wave shortlygrafician
- So let the shorting season begin!grafician
- Also TSLA stock is not tied to performance, everybody should know that by now.
But pretty sure KLM or Lufthansa are lolgrafician - Anyway don't mind me, I post tranding ideas not investing, you guys mostly buy and hold so these ideas might sound ludicrous to you lolgrafician
- or sure, you know, buy now when it's low expecting to recover by next summer
*rolling eyesgrafician - Are you following your own advice and investing?monospaced
- grafician-8
TSM
Buy now when it's still lower-ish
Next year will be a blast, they already raised the prices
- Marking again the date for next year
118.59 28 08 2021grafician - Why marking the date?monospaced
- I mean, why do it here when you can just look at a 1 year chart next year? Would be far easier than a side note in this thread several pages back.monospaced
- How much did you buy? Seriously?monospaced
- Because post dates here are relative
And I don't buy stocks like yougrafician - For example trading commodities makes you a lot more money than holding dumb stock, as you can see from my other posts, but hey, not everybody is up to thatgrafician
- I know how the post date works. Just not sure why you would reference an historic price on QBN vs a simple chart later.monospaced
- If you're not buying, why are you saying "buy now" on this? You fancy yourself and advisor? lolmonospaced
- y'know, walk the walk, not just talkmonospaced
- *face palm*
oh boy, you really are cluelessgrafician - You give advice. You don’t follow it. What am I possibly clueless about?monospaced
- I asked if you bought this stock after advising here to buy it. Simple question. There’s literally nothing I missed.monospaced
- Marking again the date for next year