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

[zinfamous]

I'm only talking abut his personal finances. I've never lived in California but isn't the capitol gains like 15% there? And hasn't Musk made like 80 billion this year?

CA will be perfectly fine without yet another billionaire helping them fund the welfare of the rest of the country, lol.

 

[ponyo]

Bought TSLA Jan 15 $500 calls. I'm looking for more leverage but don't want to pay too much premium. I still feel like we haven't seen the S&P squeeze yet. I'm going with ITM calls in case we don't get the super squeeze.

 

[RichieZ]

Holy shit doordash priced at 102 and then opened at 182, IPO mania! $58B... and they say TSLA is overpriced

 

[s0me0nesmind1]

Holy shit doordash priced at 102 and then opened at 182, IPO mania!

Nuts. Absolutely nuts.

I posted an article previously that talked about why food delivery shit is a lose-lose-lose.

1. Restaurants hate it because it eats into their already razor-thin margins
2. Drivers hate it because they don't make shit for money on it
3. Uber/Doordash don't make anything either

 

[ponyo]

Holy shit doordash priced at 102 and then opened at 182, IPO mania! $58B... and they say TSLA is overpriced

Yup. IPO mania is back. You're going to be so rich tomorrow. If DoorDash can open this high, the sky is the limit for Airbnb.

Are you selling some tomorrow or are you holding?

 

[RichieZ]

Yup. IPO mania is back. You're going to be so rich tomorrow. If DoorDash can open this high, the sky is the limit for Airbnb.

Are you selling some tomorrow or are you holding?

Haha thanks, it's been a long time. Funny fact I'm the 17th shareholder of common stock according to my stock certificate.

Holding, no need for cash as I've been all in on big tech since 2011 when I sold all my LNKD shares and put it into AMZN, FB and AAPL and never sold. Strangely enough if I had just held LNKD it would have done better than everything other than AMZN and even then I'm not sure as I don't like to do the math on this one.

 

[ponyo]

Haha thanks, it's been a long time. Funny fact I'm the 17th shareholder of common stock according to my stock certificate.

Holding, no need for cash as I've been all in on big tech since 2011 when I sold all my LNKD shares and put it into AMZN, FB and AAPL and never sold. Strangely enough if I had just held LNKD it would have done better than everything other than AMZN and even then I'm not sure as I don't like to do the math on this one.

Insane. Huge congrats! You're definitely living up to your username.

 

[RichieZ]

Also keeping in line with more current events, I opened a small position in XPEV via the secondary offering. It priced at $45 so I got a ~8% discount to yesterdays closing price but it's already down to $45.35 today.

I think I have to hold for 15 days or I get banned from future IPO/offerings at Fidelity, not 100% sure as I know this is the case for IPO but not sure about secondary.

 

[FelixDeCat]

JP Morgan says "Phooey on Tesla!".

Also, sleeping snakes put the kibosh on the German gigafactory:

Tesla's Elon Musk: Snakes. Why Did It Have to Be Snakes? | The Motley Fool

The top electric carmaker hoped to scale up its European operations...but not like this.

www.fool.com

Shares get zapped 7.77%.

 

[dasherHampton]

So the FTC sues to break up Facebook. Their case is largely based on the acquisitions of Instagram and WhatsApp.

I have no FB shares. Never have. Don't even use FB.

But wait a second - The FTC approved those acquisitions when they happened. What the fuck is going on here?

 

[Red Squirrel]

Been thinking of dumping Gowest Gold and putting it in Victoria Gold, but I would be doing that at a loss, so maybe I should wait until they go back up, but then if they go back up I will be tempted to keep them... tricky decision lol. Gowest is ramping up to start production but mine life is only like 10 years and their total cost of operation is quite high. I think I will wait it out a little and see.

 

[FelixDeCat]

Ooof!

Elon's SpaceX rocket explodes today.

And you think you had a bad day!

Unmanned SpaceX Starship test flight explodes during landing

The ship was the latest step in Elon Musk's quest to send people to Mars.

abcnews.go.com

 

[KB]

Nuts. Absolutely nuts.

I posted an article previously that talked about why food delivery shit is a lose-lose-lose.

1. Restaurants hate it because it eats into their already razor-thin margins
2. Drivers hate it because they don't make shit for money on it
3. Uber/Doordash don't make anything either

Doordash is riding high on demand during COVID and they still can't make money. Wait till COVID ends and people start going out again. Doordash might be a good short then.

 

[FelixDeCat]

Doordash is riding high on demand during COVID and they still can't make money. Wait till COVID ends and people start going out again. Doordash might be a good short then.

Its all good though. Now that they are public, they can do secondary after secondary and dilute shareholders like crazy.

In the past it was all about buybacks, but 2020 was the year of serious dilution.

 

[ponyo]

Going all in on TSLA shares and calls this morning. I feel like this is one last gift dip before the S&P inclusion next Friday. MM can play games with option expiration this week but they can't stop the tsunami buying that's coming next week. If $5 billion potential stock sale can drop TSLA price by $50 or more, what's going to happen when $100+ billion stock buy orders come through?

This is what separates men from boys and pussies. Let's end this incredible year on a high note!

 

[echo4747]

ABNB shares at $68 in IPO higher than expected

 

[ponyo]

Hell yeah! Picked up all the TSLA shares I wanted at $573.85 at the open and about 40% of the TSLA options. 60% of the option buys didn't get executed because I only use limit orders with options. Option price ran away from me faster than I could modify the buy orders. But that's ok. I'm now loaded and ready to rock!

 

[FelixDeCat]

Bought 1,700 Clean Spark (CLSK) @ $14 (avg), sold next weeks $15 call for $1.53 (avg).

edit: bought $10 puts on entire position since I have to hold this one overnight until opex

edit 2: bought back the calls for $1.70, going to ride this one up some more.

 

[ponyo]

https://www.reddit.com/r/wallstreetbets/comments/ka19wy

No fear! No surrender. All in!

 

[RichieZ]

ABNB shares at $68 in IPO higher than expected

Bloomberg - Are you a robot?

"The stock will start trading Thursday, with early pricing indications as high as $150 per share, above the $68 initial public offering price."

Should price at about 1:30PM EST, now indicating $155+



EDIT: Started trading, yea its pretty good! My strike price was $0.30

 

[ponyo]

Bloomberg - Are you a robot?

"The stock will start trading Thursday, with early pricing indications as high as $150 per share, above the $68 initial public offering price."

Should price at about 1:30PM EST, now indicating $155+

View attachment 35437

EDIT: Started trading, yea its pretty good! My strike price was $0.30

View attachment 35449

You won the lottery! 52,000% return. I can only dream.

And the scary thing is Airbnb will be much bigger in the future. How many people can say they got in Airbnb from ground up?

 

[ponyo]

LMND is again on fire today. Was up as high as $111 today. Lemonade announced they're offering renters insurance in France. It's the 3rd EU country Lemonade started offering its insurance products. But I don't think that's the sole reason for the stock price spike. I think people are seeing the crazy valuations these new IPOs are getting and thinking $5 billion for Lemonade is now a bargain. If Lemonade IPO in the current environment, it might sport like $10 billion valuation.

 

[Tweak155]

Bloomberg - Are you a robot?

"The stock will start trading Thursday, with early pricing indications as high as $150 per share, above the $68 initial public offering price."

Should price at about 1:30PM EST, now indicating $155+

View attachment 35437

EDIT: Started trading, yea its pretty good! My strike price was $0.30

View attachment 35449

How does something like this get sold? Who would agree to sell options with a strike price of $0.30 on a non-penny stock? Basically the contract is just assumed to be 99% stock value? With a strike price of $0.30, it is always possible to exercise...

I'm not a big options guy and still overall new to this. I assume this was a call option with $ .30 contract price given the gains (or you shorted a put?), but I could be wrong.

 

[ponyo]

How does something like this get sold? Who would agree to sell options with a strike price of $0.30 on a non-penny stock? Basically the contract is just assumed to be 99% stock value? With a strike price of $0.30, it is always possible to exercise...

I'm not a big options guy and still overall new to this. I assume this was a call option with $ .30 contract price given the gains (or you shorted a put?), but I could be wrong.

There's no public options for Airbnb yet. Probably starting in Jan 2021, they will release options.

RichieZ is accredited investor. What that means is he had annual income of at least $200k or at least $1 million in net worth excluding his home. If you're accredited investor, you can buy shares in private companies and hedge funds. He bought his Airbnb options very early; years back when Airbnb was first starting. He said he was the 17th shareholder of the common stock. That's super early. He was basically venture capitalist investing in very risky unproven startup. He just happened to pick one of the best Unicorn companies. But I'm sure at the time he invested, Airbnb was extremely risky investment. Airbnb is household name and a verb in the English language now but that wasn't the case when he invested.

Basically he was very smart and extremely lucky. He hit the lottery in venture capital investing. And he had the foresight and diamond hands not to cash out early and hold his Airbnb investment. I'm sure there are plenty of early investors who cashed out on numerous funding rounds Airbnb did to get to this point. So he deserves every penny he earned. Bravo!

 

[Tweak155]

There's no public options for Airbnb yet. Probably starting in Jan 2021, they will release options.

RichieZ is accredited investor. What that means is he had annual income of at least $200k or at least $1 million in net worth excluding his home. If you're accredited investor, you can buy shares in private companies and hedge funds. He bought his Airbnb options very early; years back when Airbnb was first starting. He said he was the 17th shareholder of the common stock. That's super early. He was basically venture capitalist investing in very risky unproven startup. He just happened to pick one of the best Unicorn companies. But I'm sure at the time he invested, Airbnb was extremely risky investment. Airbnb is household name and a verb in the English language now but that wasn't the case when he invested.

Basically he was very smart and extremely lucky. He hit the lottery in venture capital investing. And he had the foresight and diamond hands not to cash out early and hold his Airbnb investment. I'm sure there are plenty of early investors who cashed out on numerous funding rounds Airbnb did to get to this point. So he deserves every penny he earned. Bravo!

Thanks for the explanation, makes a lot more sense now. Wow, what a ride.