Stock of the Day
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- sted1
Oil: BP, Exxon, and Shell all have significant investments in Russia that could be threatened by sanctions on Russia’s energy market.
Banks: Chase and Citi, which do business in Russia, would have to cut ties with local lenders if broad financial sanctions happen. Cross-border payments could be frozen, which might mean lost $$$.
Cars: Dodge and Jeep parent Stellantis says it would limit production in Russia if sanctions disrupt its operations.
Beer: Danish brewer Carlsberg is Ukraine’s biggest beer seller, while Russia accounts for 10% of its sales. It has breweries in both countries and said it’s working on contingency plans in case sanctions disrupt beer-making.
- this is exactly the kind of problem i was highlighting in the Russia thread. These sanctions don't really help us either, but is it the best we can do?Ianbolton
- Nestle have factories in Ukraine.shapesalad
- Just read 90% of semi-conductor grade neon is from Ukraine. That could make the chip problem a lot worse.formed
- nb0
If the stock market looks less attractive for a while (plausible) then we’re in for even more of the “real estate is the safest investment” people and we can expect the housing bubble to grow even more insane.
:(
- My rent hasn’t gone up in 4 years. I’m saving, but can’t save fast enough to keep up with the insane housing marketnb
- I bought my house days before the pandemic. It’s appreciated 20%!monospaced
- Monospaced: if you only own one house, you’re no better off with that extra 20%.nb
- @monospaced that's a liability if you don't flip it
renting/saving/inves... would've made you a lot more ofcgrafician - @nb bubbles pop every decade, we're overduegrafician
- People aren't going to pile in RE with rates rising and construction costs at all-time highs. It'll correct with everything else, just might not be as drastic.formed
- @formed People are already doing that and have been for a couple years consistentlynb
- People aren't saying 'hey, I"ll sell my stocks to buy a home'. They'd put money in REITs or private development investments.formed
- In no way is my home a liability. What a ridiculous thing to say. LOLmonospaced
- I didn’t buy the home to make money, what a stupid fuck assumption. Also a stupid assumption is thinking I didn’t invest in other things.monospaced
- But the most stupid thing is that you imply I’m better of selling it. Weird as fuck dude. It’s my home. LOL.monospaced
- I 100% expect you to get triggered AF and resort to insulting me. So go ahead. Leave the house talk to the adults here who actually have them.monospaced
- @nb, I never implied I was better off with that 20%. Im just remarking on the housing bubble nothing more, just my anecdote which is completely on topic.monospaced
- But of course I’m happy. Growing equity is never a bad thing. Ever. There is literally no downside to appreciation. It will pay off later, obviously.monospaced
- I mostly agree with you, mono.nb
- But there can be a downside to rapid appreciation.nb
- Meanwhile even Elon Musk rents...
But you know better lol
Typical American suburbia mentalitygrafician - The part that people forget when claiming your home is not a good investment is that you LIVE in it, that it is a HIGHER quality than any apartment, etc.formed
- For sale buildings will always be built to a higher standard than disposable, rentals.formed
- Europe disagrees with that statement.grafician
- 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
- bainbridge0
How long do you hold on to a stock?
If you buy and the stock goes down and you're at a loss, do you hold and hope to recoup losses?
Have you profited overall?
Are you holding onto unrealized gains hoping to gain more?
- It's hot "hoping to gain more", it's "investing". I've held some for over 20 years. Always know why you buy, hold or sell. It's research.formed
- If a company you believe in goes down, you add to your position, if it goes up 20-50% in one week, take some profits.formed
- Overall, my port is up several 100's of %. If I tried to time the market, take too many profits, etc., I'd have missed out on 90% of those gains.formed
- Same as formed. Most of my holdings are mutual funds and ETFs but my stocks I simply grow as formed described.monospaced
- For me it’s simplified because I don’t do much high risk stuff. I don’t have time for that nonsense.monospaced
- So if you're up 200%, you don't sell because you just assume it will continue to grow?bainbridge
- That depends on what the research says. The annual reports and news are usually enough combined with trends.monospaced
- If it’s still going up, I might sell a little and let the rest go up. But if it dips or falls significantly on the way, you buy more. Hedge your own bets.monospaced
- "Buy the stocks that are bought and sell the stocks that are selling"grafician
- sted2
CUBV was the stock of the day
- AQUTE3
Michael Burry of ‘Big Short’ Bets Against Cathie Wood’s ARKK
- bainbridge0
What's your latest investment?
- I picked up more palantir when it dipped close to $20 recently.monospaced
- Sonasoft (SSFT) a silicon valley AI company that's traded in OTC. I have been following the developments for months. They are coming up with a new AI product.Beeswax
- ~80k on OTCs in the last 2 months,
bought millions of secs ahahaha :Dsted - Palantir's been a bitch, but I am holding (bought around 20 ages ago). NVAX has been amazing. LORL too. DUK for long term dividends.formed
- omahadesigns0
SPCE
- rumors are that they're going to announce ozzie/asian gov. contracts in the next 90 days.sted
- but they don't have the capabilities!
Neither does Blue Origin!grafician - Here, Bezos was denied access to the Moon program for good:grafician
- https://arstechnica.…grafician
- Also both Virgin and BO can only hold it a few minutes in low orbit, nothing useful to make of that besides entertaining rich people.
So go SHORT?grafician - It would be incredibly naive to think that is the end of their capabilities or the extent of their plans.monospaced
- Their progress so far is just first steps. Obviously they all plan to go further. To act like that is the end is very short sighted.monospaced
- This is the birth of private and commercial space enterprise. The very beginning, not the end.monospaced
- No mono, NASA already went to the Moon, Russia helps with the ISS, China got a new rover on Mars. SpaceX "began" TWO decades go. Get your facts straight.grafician
- Sure, we're at the start of another space race for sure, but no, companies like Virgin or Blue Origin have nothing to do with it. Try again in 20 yearsgrafician
- I never said anything about a space race. I said this is the birth of commercial space flight. I'm not wrong.monospaced
- Considering both BO and Virgin are the two primary movers in commercial space flight, it's safe to say they have almost everything to do with it. LOLmonospaced
- My facts are straight, and you're talking about something totally different.monospaced
- most of these still look like tourist attractions compared to what spacex has runnig, and there are some small but interesting players like axiom on isssted
- Mono's right. Super volatile stock, but I've done nicely with it so far.formed
- trooperbill0
how do you trade crypto if banks wont transfer to/from coinbase?
- Just shift it from one crypto to another. Maybe try stablecoin.slappy
- What banks do not let you transfer to/ from Coinbase?NBQ00
- use another bank that lets you transfer.uan
- Most banks in EU don't let you use crypto anymore, you guys live on another planet?grafician
- There are banks in Singapore, Malta, London that registered properly with the financial System. Once you stack some coins there, they send you a working CC.uan
- You get the cc bonus' in coins. You can charge the card in € or GBP for coins and use it worldwide.uan
- It's like a normal bank but in an app. You pay fees to take coins of their system. You buy coins using a cc or bank transfer with them.uan
- you buy coins when the price is low, you charge the card when price is high. you see the value grow with time. it's how banks should work.uan
- grafician2
@NBQ biggest #lossporn
- Yeah but it‘s not really his own money, plus it‘s a hedgie :)NBQ00
- But it was his own money, watch the video it's shortgrafician
- I thought he got the initial money from various places and people, no?NBQ00
- he ran a family office meaning he used $10B of his own money and lost over $100B allegedly total.
So these guys with $100-300k losses are nothing literallygrafician - No, he lost about $10B, not 100B. Also $300K-500K for average joe is A LOT of money to lose. Especially when its loans.NBQ00
- Taking a loan to start a business is good leverage. Taking a loan to put some calls on meme stocks is madnessgrafician
- drgs2
I hope Tesla dumps. For fun
- i will start shopping if it goes down below 600sted
- You think it has more upside after 600?
https://www.tradingv…drgs - bought the first 10 for 627 then the fucker ran away hehhsted
- grafician0
"Bumble soars in market debut, begins trading at $76 per share"
- "Whitney Wolfe Herd’s stake in Bumble is now worth $1.5 billion, making the 31-year-old one of the youngest self-made female billionaires ever."grafician
- it start high, it will fall. Dont go there for now.Bennn
- "Covid what? I just want a blow job." - Millennialutopian
- Bumble started out well but increasingly became bloated like Tinder and will further go down that road to make profits. Less matches...NBQ00
- ...and more pay-to-play-and-get... coming for sure.NBQ00
- ^shareholders to please from now ongrafician
- jonny_quest_lives1
Michael Bury's sennding coded warnings via Twitter:
- ? i dont understand ?Bennn
- in the movie the Big Short When the Levee Breaks plays at the end credits of the movie...jonny_quest_lives
- he's insinuating in the upcoming crash they'll play it in the beginning of the movie about it.jonny_quest_lives
- https://markets.busi…drgs
- NBQ001
Near $600K loss so far and now has a left over buying power of only $500 in his account: https://www.reddit.com/r/wallstr…
Jesus.
- he is in +5k.sted
- Long Live the American Dream®utopian
- But they showed that hedge fund!monospaced
- shapesalad0
- 3 minutes of information in a repetitive 15 minutes of waffle.DaveO
- @DaveO https://i.imgur.com/…sted
- Almost like one of those videos where they talk about ultimate diet tips, but never actually say what they are. It's a skill to talk for that long & say nothingDaveO
- He knows he needs to hit the 15min mark for the video duration to game youtube.shapesalad
- This guy is a legend. In 2008 at the very bottom of the stock market he said the entire market is gonna crash so hard on live TV (BBC). It did exact opposite.NBQ00
- DaveO1
I am obsessed with these people. Wild.
- Would you look at that. Up to 123 now.Continuity
- Robinhood just allowed the buy of more shares! DIAMOND HANDS!DaveO
- Well, fuck me, now they're on track to make gains on the open.Continuity
- right type of excitement at the right timested
- DaveO2
The loss porn in reddit is a tough hang. I feel sorry for everyone who still thinks the war is still on.
- Just skimmed the WSB board. Fucking depressing reading.Continuity
- It'll be super sad if people lost savings. Long VTI for the win.DaveO
- sarahfailin1
monnom, sounds like w/ regard to bonds you're talking about convertible bonds? that can be converted to stocks if the price rises? Send me a link to whatever you're talking about please cause I'm confused.
And it seems like you're saying that hedge funds shorting 140% of the stock was some sort of market manipulation. But this is completely legit as the shares are shorted (sold), bought, and shorted again. Keep in mind every share sold is also one bought by someone else, and it's only the imbalance of supply/demand that cause the price to move lower/higher.
Shareprice might reflect the financial health of a company, because investors have taken the company's financial health into consideration in valuing the stock, BUT it doesn't control the financial health of the company. https://finance.zacks.com/stock-…
Most companies don't authorize new share issuances regularly. The trend in recent years is actually to buy stocks back with profits rather than sell new shares to raise capital. I'd be very concerned if a company's health was dependent on its ability to issue and sell shares (which of course drives the price down).
If you think that the hedge funds were doing something illegitimate by shorting GS, I'd like to know what that is. I haven't heard a good argument for it.
- shorting a stock was a way of recognizing the company's shitshow performance, closing 500 stores, losing nearly half of revenue, and most business in 2 yearsmonospaced
- this is one example, but by no means the only way equity might finance debt.
https://www.investop…monNom - my issue is that that 140% appears to be the result of naked shorts. IE, the market maker (hedge fund) has sold a share it doesn't have...monNom
- because being market makers, they can do that to increase transaction speed, and liquidity. That should be momentary and self-extinguishing. Not the case here.monNom
- Thus, instead of a clean unwind, you end up with what's happening now.monNom
- I think I get what you're saying. But if I short a stock and sell it, what's to keep the next guy from doing what he wants with it?sarahfailin
- here's an explainer of how you get to 140% 'float' with short selling. Nothing nefarious, but admittedly risky for those involved.sarahfailin
- https://www.tradersi…sarahfailin
- sarahfailin0
Ok y'all. Reality check time. There are so many misunderstandings about GameStop and the short sellers and the redditers; I have got to get this off my chest.
1. Shorting the stock does not lower or 'drive down' the stock's price.
2. A lower stock price does not hurt the company. It doesn't close their stores, hurt their sales, or fire their employees.
3. Buying the stock or causing its price to rise does not help the company unless it issues new stock. GameStop has not issued new stock and is still in serious trouble. Their sales declined 30% in 2020, despite video game sales soring during the pandemic.
4. Although hedge funds have lost a few billion dollars closing their initial short positions, they can always reopen the short positions at the stock's higher price, and ride the collapse all the way down, making billions more. They are almost certain to do exactly this, no matter if the stock hits $500 or $1000.
5. The people who will really lose are the individual investors who are buying high at the top of this artificial bubble. The few who got this started will sell their shares and make handsome profits, while the rest of these 'revolutionaries' are left holding the bag.
6. If new regulations come as a result of this, they may land on individual investors, rather than hedge funds. They could take away options trading on retail investor apps (which have driven the squeeze) or try to control pump and dump schemes (like this one) happening on social media.
7. Hedge funds make money investing *other people's* money; including state pensioners and middle class investors. These are the folks who would be hurt by the short squeeze; not the handful of employees who work for the funds. https://www.forbes.com/sites/edw… They're generally smaller companies (not like the big banks) and they're investing in the same things that individuals can.
Private equity is a much more concerning and inequitable engine for wealth generation for the very wealthy to which anyone with less than a million to invest has basically no access. Fewer companies, especially tech, are going public, and instead are looking for investment through Private Equity firms. Here, all of their earliest and most fruitful gains are reserved only for the very wealthy to benefit from.
- Thank you.monospaced
- 1. any selling can tend to lower a stock's price. Massive selling is almost sure to. Shorting is borrowing a stock and selling it, so yes it can lower the pricemonNom
- 2. yes it does. it hurts investors in that co, it hurts insiders, it damages their ability to raise capital, and may trigger loan obligations tied to market capmonNom
- 2a. it is very possible to destroy a company through the capital markets, if that company is reliant on those markets to survive. Pubcos tend to be that way.monNom
- 3. my read on the situation is that this has nothing to do with GME as a company. It was the most shorted stock on the market, followed by BBY, AMC, etc.monNom
- That's why the squeeze. Gamestop is merely the avatar for the righteous hand of the market smashing some careless hedgies.monNom
- Agree the unsophisticated investors piling in are likely to lose their shirts.monNom
- re: 1. only a large volume of sellers/shorts would affect the price. there'd have to be a shortage of buyers toosarahfailin
- re: 2. hurting investors isn't hurting the company. i've never heard of loans 'tied to market cap'
re: 2a. that's not the case with GS. and wtf is a "pubco"?sarahfailin - when you are in a world where a small group of players can sell 140% of a security, 2+2 no longer equals 4monNom
- loans in a public company (pubco) are generally going to be bonds, they have ratings based on the companies financial health. market cap plays into that.monNom
- in some cases, that credit needs additonal collateral, and companies will pledge shares. When the value decreases, they need additional collateral.monNom
- Two words for you: Diamond Hands.shapesalad
- leading to a feedback loop that can make the company insolvent. Bonds also expire and new bonds must be issued. All pubcos roll over debt. They never pay it offmonNom
- so, to sum it up: yes, price manipulation can have real world impacts on a company's health. This is one reason why CEOs are concerned with their share price.monNom
- to reiterate, I'm not against your central thesis that this is dumb money speculating. I think you had the first bit wrong about price being inconsequential.monNom
- ^cool thanks, i was a bit off by saying that shorting doesn't drive price down. i just meant it doesn't do so more than selling, which is fine to do.sarahfailin
- palimpsest1
- if you look at the chart, a lot of those dudes profited huge, just as many lost a fuckload, and some bought more on the dip yesterday ... HODL my ass :)monospaced
- This unicorn idea that everyone would buy and hold is so naive. Of COURSE the poitn was to to get it up and then sell off for the moneeeez. That's the market.monospaced
- We each pray to our own gods.palimpsest
- rule #1 of internet trade chat is to say you're doing xyz, tell everyone else to do xyz, and then do frowatm.shapesalad
- frowatm= fuck right off with all the money.shapesalad