Investing General Discussion

Jysin said:

Massive fraud piece put out against QS. (Scorpion Capital and Muddy Waters)

https://scorpioncapital.s3.us-east-2.amazonaws.com/reports/QS1.pdf

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Put out by someone who is short...

"DISCLOSURES - THIS REPORT REPRESENTS THE CURRENT OPINIONS OF SCORPION CAPITAL LLC CONCERNING QUANTUMSCAPE CORPORATION (STOCK TICKER: QS). Scorpion Capital LLC is short Quantumscape"

Blazin said:

Values it as being worth more than the NASDAQ . My issue with it is that the transaction fees are very high and if they are successful , just like stocks, those fees will be driven way way down. For it to be worth mroe in the future it really needs to become a prime broker of crypto. It can't get to supporting this valuation on transaction fees.

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Exactly. Fidelity/TD/Schwab etc have all shown the future and that is the race to the bottom in terms of transaction fees. To think this wont eventually come to crypto markets is crazy. I am still trying to calculate what I think the stock might actually be worth per share.

Blazin said:

Sanrith Descartes We should have just taken the dip UNH gave us in February. Wanting that little bit more proved costly.

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I know. It taunts me every day from my Mom's portfolio (I never sold it out of her portfolio after buying it last March). Think I missed it by about $2 a share on both dips with my buy orders.

Here is yesterday's COIN chart. its currently trading just under $350 (the blue mark on the right).

Self-driving startup Cruise raises $2.75 bln from Walmart, others
GM
WMT
MSFT
HMC
By Hyunjoo Jin

San Francisco, April 15 (Reuters) - Self-drive automaker Cruise, backed by General Motors Co(GM), on Thursday said it raised $2.75 billion in its latest funding round with additional investment from Walmart Inc(WMT) and others, taking the startup's valuation over $30 billion.

The announcement comes a week after peer TuSimple revealed plans for an initial public offering (IPO), at a time when self-drive technology is yet to be commercialised.

"We are focused on our path to commercialization right now but the IPOs happening in the space right now are a great indication of the strength of the industry and the opportunity self-driving presents," a Cruise spokeswoman said in a statement to Reuters.

In January, the San Francisco-based startup said Microsoft Corp(MSFT) would join General Motors(GM), Japan'sHonda Motor Co Ltd(HMC) and institutional investors for a combined new equity investment of over $2 billion.

On Monday, Cruise said it planned to begin deploying a limited number of its Origin vehicles for ride-hail services in Dubai from 2023, its first overseas commercial service.

"Cruise is executing a global strategy with the right partners," said Grayson Brulte, president at consultancy Brulte & Co. "At the end of the day it will come down to who can cut the best deals which long-term generate revenue and profits."

Cruise's relationship with Walmart(WMT) includes a trial delivery service in Scottsdale, Arizona, announced in November. (Reporting by Hyunjoo Jin; Editing by Christopher Cushing)

Blazin said:

Getting hard to find new plays right now. Just about everything is OB. Watching ABBV for signs we are finally ready to test the highs from 2018. Nice looking pennant on XLE . Sometimes the hardest thing to do is nothing.

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I am much happier in a down market. Trading at the highs almost always ends up with my fucking myself somehow.
ps.. ABBV went ex-div yesterday. Another $1.30 a share in my pocket.

Yeah. I have like $10k liquid right now and not seeing anything I really want to sink my teeth into. I was very interested in COIN but I am going to sit tight on that a little. I did buy $2k in crypto for the first time though.

Even though my SPACs are down at NAV, every other piece of my portfolio is hitting on all cylinders. MSFT 6$ from joining the 2 Trillion club.

Hateyou said:

Is anyone else in that club besides Apple?

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Newp. its a pretty exclusive club.