Investing General Discussion

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Sanrith Descartes

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Last year these were easy money. I bought a bunch when I was thinking there would be election turmoil and they doubled immediately. Unfortunately, all this stuff China's been doing has sunk them this year, and no end in sight. They've managed to make investors not care about fundamentals, even BABA is shit now.
Sometime this week they will wheel out Jack Ma for a photo op and he will wave and BABA stock will recover.
 
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Big Phoenix

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Who knew there was an infinite gains perk?

1627323429781.png
 
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Asshat wormie

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Small update to my construction investment. All condominiums in Staten Island have gone up by about 50k over the last month. Unnnnggghhhh. Lets hope this trend holds for 3 years :emoji_laughing:
 
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Rais

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Well Tesla is finally making a profit on the cars and not just selling the tax credits. I’m in for the moon.
 
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Sanrith Descartes

Veteran of a thousand threadban wars
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Totally unscientific gut feeling:

After the big boys report today and the euphoria wears off, we are about to revert to the mean.

or I could be totally wrong.
 

Gravel

Mr. Poopybutthole
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Totally unscientific gut feeling:

After the big boys report today and the euphoria wears off, we are about to revert to the mean.

or I could be totally wrong.
I told my wife though, the higher this runs up, the less a correction hurts.

10% from yesterday's close versus 10% from say, March, are vastly different.
 

Sanrith Descartes

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I told my wife though, the higher this runs up, the less a correction hurts.

10% from yesterday's close versus 10% from say, March, are vastly different.
Exactly. its one reason why market timing is generally bad. Corrections are healthy because you have a preview of where the market could go back to. If you missed an entry the first time around its like a mulligan to jump in the second time.
 

Shonuff

Mr. Poopybutthole
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An easy day to be short...$1,500 in simulated trades in 45 minutes. I shorted TSLA after earnings yesterday, and the rest were trades today. No losing trades.

I stay on simulated trades because I'm a frontrunner. I know how to win, but can't lose $50 on a trade without doing dumb shit.
 

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Sanrith Descartes

Veteran of a thousand threadban wars
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An easy day to be short...$1,500 in simulated trades in 45 minutes. I shorted TSLA after earnings yesterday, and the rest were trades today. No losing trades.

I stay on simulated trades because I'm a frontrunner. I know how to win, but can't lose $50 on a trade without doing dumb shit.
I had the feeling this would hit tomorrow after earnings tonight. Looks like some folks were frontrunning me. Definite rotation going on. LMT/NOC/RTX/PM/GD all up nicely today.
 

Shonuff

Mr. Poopybutthole
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Now the SEC is going after the Chinese stocks. They have to disclose the risks of doing business under Chinese rule. Except you can't talk bad about the Chinese government at all! Ask Jack Ma.
Like the CNBC article I posted yesterday said, the Chinese tech companies are being used by both sides as a pawn in a new cold war. Fundamentals no longer matter. Its all about the geopolitical risk.
 

Furry

WoW Office
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Now the SEC is going after the Chinese stocks. They have to disclose the risks of doing business under Chinese rule. Except you can't talk bad about the Chinese government at all! Ask Jack Ma.
Like the CNBC article I posted yesterday said, the Chinese tech companies are being used by both sides as a pawn in a new cold war. Fundamentals no longer matter. Its all about the geopolitical risk.
Pretty sure I made the argument in the past that Chinese stocks having value was proof fundamentals already didn't matter. Straight up lying and cheating is accepted and expected business practice in China, and you're nuts if you believe anything a company there says.
 
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Sanrith Descartes

Veteran of a thousand threadban wars
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Now the SEC is going after the Chinese stocks. They have to disclose the risks of doing business under Chinese rule. Except you can't talk bad about the Chinese government at all! Ask Jack Ma.
Like the CNBC article I posted yesterday said, the Chinese tech companies are being used by both sides as a pawn in a new cold war. Fundamentals no longer matter. Its all about the geopolitical risk.
100% agree. It is why I am holding BABA and will add at $180. This stuff will get smoothed out. Its all part and parcel of how things work today. You just need a time horizon to get beyond it.