Discussion ***Official*** 2020 Stock Market Thread

[FelixDeCat]

Well -

The election does mean a lot of things politically.

1) Will news media cover COVID outbreaks to the same degree that they do currently?

2) Will there be as much push-back on passing stimulus now, or will it breeze through?

If Joe "wins" you can bet they wont treat him the way they treated the president. No fact checking. No constantly calling him a liar. No late night mockery. No confrontations during press conferences. It will be all kisses and roses and sometimes a handjob for the next four years. The media will pressure the Republicans like they did under previous admins.

I've lived long enough to see the game. Whip up public sympathy and anger against Reps for not giving into any Dem demand that comes down the pike. You can only pick on McConnel for so long before he caves like he always does. He is no fun. Trump fights back and they hate that so they gave him nothing but hell for four years. They were used to Reps always caving, not this time, and it drove them to madness.

...but I digress

As far as your questions, if Joe wins they will still report Covid like they do now but we will get daily positive updates on how we getting closer to a vaccine. The stimulus thing is kind of touchy for me, but yes the media will pressure Reps to do whatever Nancy and Joe wants.

 

[FelixDeCat]

'It's a joke': retail investors shocked as China halts Ant Group's IPO By Reuters

'It's a joke': retail investors shocked as China halts Ant Group's IPO

www.investing.com

I dont know what to say about this. It speaks for itself. Jack Ma criticized Chinas financial system and Jack Ma was punished by the communists. They pulled a gignatic IPO from the market locking up countless billions in stock accounts in China and Hong Kong.

Some people used 30 to 1 leverage to buy shares of ANT Group financial. And the communists put its foot up their rear to remind them who is boss over there. They claim the business needs "more regulation" all of a sudden. So funny.


"Mom-and-pop investors who put in bids worth a record $3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.

China blocked the fintech giant's $37 billion listing on Tuesday, thwarting its debut in Hong Kong and Shanghai scheduled for Thursday and dealing a severe blow to the company founded by billionaire and Alibaba (N:BABA) co-founder Jack Ma.

The suspension followed a Monday meeting between China's financial regulators and Ant executives, including Ma, who were told the company's lucrative online lending business would face tighter scrutiny, sources told Reuters.

Retail investors in the two markets - from taxi drivers to students and young professionals - used their savings and borrowed heavily from banks and brokerages for what many saw as a once-in-a-lifetime investment opportunity.

"I feel like I made a very wrong decision," said 21-year-old Hong Kong resident and Cambridge student, Vincent Tse, who applied for 2,000 shares worth around HK$160,000 ($20,640) which he earned doing a part-time job.""

 

[zinfamous]

I've had a thought.

As we know that the market is largely controlled by the robots now, algos tuned to respond traditional "market-thinking": real-time trade trends, news, international and national events, comments from VIPs, e.g. POTUS, ...and assuming a lot of this has been moving to machine learning, so, the algos training and calibrating themselves to respond to all of these data points..... .... ..

...could it be that the market bots have spent the last ~5 years calibrating themselves very heavily towards the Twitter Twit in chief, perhaps with a remarkably unbalanced bias considering the sheer volume of those tweets and inability for the Dumb Shit to shut up about anything in public? Meaning, and I think everyone know this is true, is that DOW and S&P really has been somewhat predictable in response to Donny 2 Scoops, that the algos have tuned themselves to a degree in over-valuing this influence, that in the possibility of no more Donny, there will be massive overcorrection and over-value for some time, well after Felonious D is out of the White House?

I get the feeling that the mother brain of the market algos has spent way too much time tuning itself to the metronome of a sundowning 74 year-old narcissistic baby, and that no matter what happens in the real world, market bots are going to keep behaving in response to real trends as if the baby is in charge ...

 

[jpiniero]

Hmm, the gap from needing a runoff in the other Georgia Senate race is extremely close - close enough that I would think there will be a recount. Don't think Wall Street is paying attention that the R's keeping the Senate is not a done deal. Plus Joe hasn't won just yet although Nevada turning seems very unlikely.

 

[ponyo]

@zinfamous , how do you like the move up in XPEV the past two days? People are finally discovering there's another Chinese EV company besides NIO. I hesitated and didn't take my own advice so I didn't buy 10,000 shares of XPEV like I wanted when it dropped to $18. But I did pickup another 2,000 shares at $18.76 so I'm holding 2,500 shares of XPEV total in addition to short 10 April '21 $17.50 put contracts of XPEV. So better than nothing.

 

[zinfamous]

@zinfamous , how do you like the move up in XPEV the past two days? People are finally discovering there's another Chinese EV company besides NIO. I hesitated and didn't take my own advice so I didn't buy 10,000 shares of XPEV like I wanted when it dropped to $18. But I did pickup another 2,000 shares at $18.76 so I'm holding 2,500 shares of XPEV total in addition to short 10 April '21 $17.50 put contracts of XPEV. So better than nothing.

I haven't been watching! I totally forgot about those guys, because I was tired of seeing their 19-21 range for so long. I still only have 100 shares, but I bought all of those XPEV and tiny handful of TSLA shares while unemployed (basically where I put my AMD money).

That is no longer the case, and I have way, way more fun money now, so I might start paying attention again. However, a lot of that is now going into new tools, like an HSA that I didn't have before, and the 401k with my new employer also doesn't have stock/ETF options...I think. I haven't really checked. Anyway, that is where much of my cash is going now.

EDIT: checks XPEV....

....

....

fuck me in my goat ass. I hate myself for being slow.

 

[s0me0nesmind1]

I haven't been watching! I totally forgot about those guys, because I was tired of seeing their 19-21 range for so long. I still only have 100 shares, but I bought all of those XPEV and tiny handful of TSLA shares while unemployed (basically where I put my AMD money).

That is no longer the case, and I have way, way more fun money now, so I might start paying attention again. However, a lot of that is now going into new tools, like an HSA that I didn't have before, and the 401k with my new employer also doesn't have stock/ETF options...I think. I haven't really checked. Anyway, that is where much of my cash is going now.

EDIT: checks XPEV....

....

....

fuck me in my goat ass. I hate myself for being slow.

Christ dude, spend less time drinking and more time studying things in life

 

[ponyo]

I haven't been watching! I totally forgot about those guys, because I was tired of seeing their 19-21 range for so long. I still only have 100 shares, but I bought all of those XPEV and tiny handful of TSLA shares while unemployed (basically where I put my AMD money).

That is no longer the case, and I have way, way more fun money now, so I might start paying attention again. However, a lot of that is now going into new tools, like an HSA that I didn't have before, and the 401k with my new employer also doesn't have stock/ETF options...I think. I haven't really checked. Anyway, that is where much of my cash is going now.

EDIT: checks XPEV....

....

....

fuck me in my goat ass. I hate myself for being slow.

Oh trust me, I was getting tired of seeing 19-21 trading range for XPEV too. It's part of the reason I didn't grab the 10,000 shares like I planned. I thought maybe I was missing something and not seeing what everyone else was seeing. It's the same reason I also didn't buy leap call options on XPEV because the open interest was so low to nonexistent. It made me second guess myself. I should've never doubted myself but whatever.

I bought most of the XPEV in this fun money account. It's my goal to try to grow this tiny fun money account to $1 million in 5 years. I just need 3 doubles. Which sounds easy but is really hard. But I've done it multiple times before and am confident I can do it again with this account too. The hardest part is done which is to grow it to 6 figures. That's always the hard part. I grew this account over 400% the past 6 months from under $30,000 to now over $120,000.

I actually had it over $200k in beginning of Sept but Tesla screwed my call options by doing that $5 billion equity raise and S&P committee finished it off by not adding TSLA to the S&P 500 index. So I had to battle back the past 2 months but I did it without even being fully invested in this account. If I had gone balls deep like I normally do, I would've killed it. But hindsight is 20/20.

 

[ponyo]

Tesla released their Tesla Tequila today. It's $250 a bottle with purchase limit of 2. I went to order it only to find out it's sold out but I wouldn't have been able to order it even if it was in stock because I guess they can't ship to Georgia. Damn backwards alcohol laws in this country.

https://teslatequila.tesla.com

But I'm wondering if there's also hidden meaning on the price of this tequila and limit of 2. $250 x 2 = $500. Could it be hint about possible S&P 500 inclusion announcement for Tesla? I wouldn't put it past Elon. That man always has me thinking about possible hidden message in his Tweets.

 

[FelixDeCat]

I think we are all born with a natural talent for something.

Mine was selling things.

No matter what I did when it came to selling, I usually always made money. But I always did that on the side for fun, never my day job. I love to sell.

What about offering to buy "used" authentic Tesla bottles? Offer $150 and try to sell the empty for more. That or make glass bottles with the letter "N" for NIO. Im sure those would sell.

 

[ponyo]

Damn price gougers. People are already selling Tesla Tequila preorders on eBay for double and triple the cost. I need to figure out how to get one at normal price next time it's available at Tesla shop.

 

[ponyo]

I think we are all born with a natural talent for something.

Mine was selling things.

No matter what I did when it came to selling, I usually always made money. But I always did that on the side for fun, never my day job. I love to sell.

What about offering to buy "used" authentic Tesla bottles? Offer $150 and try to sell the empty for more. That or make glass bottles with the letter "N" for NIO. Im sure those would sell.

There's story and history behind Tesla Tequila that dates back to April Fool's joke Elon made on Twitter back in 2018. Nio trying to copy it with N bottle or Xpeng with X wouldn't have the same meaning. I'm sure Nio and Xpeng could also sell crapload of imitation Tequila to Chinese consumers. But it just wouldn't be the same even if it's the same liquor from the same factory.

 

[FelixDeCat]

Lol @ ACB. I shorted 10 weekly
9.50 put contracts this morning expiring today for $1.30 each when the stock was $8.99. Plus an extra 100 shares on the side.

ACB management could not make money even if they owned Tesla and Apple. Look at the 5 year chart, it tells you all you need to know.

But a frenzy is a frenzy so may as well cash in. Thanks Kamalalala!

Edit .. covered @ .35, sold 100 @ 11.8

 

[repoman0]

Fiancee’s company stock up another 10% today, and has multiplied by ~9 since she started there five years ago after college. That’s AMD level

RSUs and ESPP have been pretty nice to her to say the least

Now 12-13x after earnings. At this point like 80% of our assets are in this company. Seems legit

 

[FelixDeCat]

Now 12-13x after earnings. At this point like 80% of our assets are in this company. Seems legit

Good call. Have you taken any profits and diversified?

 

[repoman0]

Good call. Have you taken any profits and diversified?

Some, when it was worth 1/8 a few years ago and half earlier this year. Still mad about it.

 

[FelixDeCat]

Some, when it was worth 1/8 a few years ago and half earlier this year. Still mad about it.

I'm mad too. I was going to but 2000 shares of Palantir @ 10 last week buy passed. It's now 14.50. Grrrrr....

 

[ponyo]

I've said it before but I'm not a fan of diversification. Why should I sell shares of great company with better potential to buy something I think is less great just because I have outsized position? Sure it reduces risk but it also lowers max return. There are lot of companies but only handful of exceptional companies with exceptional leaders. So if you find one early, you should concentrate your position and go in heavy. Ignore the naysayers and resist the temptation diversify. Only diversify when you feel the company has reached your targeted potential, and you find better opportunity to grow your money.

I know this is not popular opinion but I don't care. I sleep very well with pretty much all my liquid net worth invested in TSLA.

 

[Svnla]

Who is putting the money into Fisker?

Electric-car maker Fisker shares to start trading on NYSE Friday

Shares of Fisker Inc. will make their debut Friday on the New York Stock Exchange under the symbol FSR. The electric-car maker said late Thursday it has...

www.marketwatch.com

 

[jpiniero]

I know this is not popular opinion but I don't care. I sleep very well with pretty much all my liquid net worth invested in TSLA.

Because meme stocks can very well go cold. Elon could die in an car accident (heh) tomorrow and your position would be worthless.

 

[ponyo]

Because meme stocks can very well go cold. Elon could die in an car accident (heh) tomorrow and your position would be worthless.

I used to worry about something happening to Elon. But that's less of a concern for me now. I feel like Tesla can follow their existing plan and execute for the next 5 years without Elon if they had to and not suffer too much. But they definitely will miss his leadership and vision 10 years out. So I wouldn't invest long term in Tesla without Elon. He's super important. But even without Elon, TSLA shares would be far from being worthless.

But even if my entire TSLA position became worthless overnight, I would still be fine. Sure it would royally suck, and I probably would have to get a job again but I could manage. I'm 100% debt free including my house and have been for years. And I've set aside $200k in gold and silver for my "I fucked up and blew up my account again fund." This is one of the reason why I own gold and silver. It's a hedge against my greed and stupidity. I've blown up and gone broke before. But I gathered, picked myself back up, and made the long and hard journey back. So I'm not scared. I'm confident I can do it again if I have to because I've done before. It's why I keep practicing with smaller accounts. To prove to myself I can still do it, and it also keeps me entertained. I'm confident I can take that $200k gold and silver and turn it back to millions in couple of years if I need to. The day I feel I can't is the day I buy index fund.

 

[ponyo]

Who is putting the money into Fisker?

Electric-car maker Fisker shares to start trading on NYSE Friday

Shares of Fisker Inc. will make their debut Friday on the New York Stock Exchange under the symbol FSR. The electric-car maker said late Thursday it has...

www.marketwatch.com

Are you? Do you know anything about Fisker? I bet you don't.

I would rather light my money on fire than buy Fisker. They will go bankrupt just like they did before.

 

[zinfamous]

Are you? Do you know anything about Fisker? I bet you don't.

I would rather light my money on fire than buy Fisker. They will go bankrupt just like they did before.

Yeah their super car was first reviewed what, 10, 12 years ago? I totally forgot about them. Assumed bankrupt vaporware.

 

[Svnla]

Are you? Do you know anything about Fisker? I bet you don't.

I would rather light my money on fire than buy Fisker. They will go bankrupt just like they did before.

You sound angry. Why at me? I was just asking a question. Did I boast myself as an "insider/expert" about the company? Nope.

I do know that they used to have a few nice looking cars a few year back but the company was just a small "niche" company IMO.

 

[mohit9206]

Because meme stocks can very well go cold. Elon could die in an car accident (heh) tomorrow and your position would be worthless.

Yes never put all your eggs in one basket.