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PlanetJosh

Golden Member
May 6, 2013
1,739
101
106

AMD CEO Lisa Su and Nvidia CEO Jensen Huang are related in a cousin/niece/uncle combination. He's a $40 billion multibillionaire and she has around $30 million. Not to sidetrack the thread but many of you know AMD competes with Nvidia in chips and supporting software. So it's point of interest that you may wonder if AMD will skyrocket too in ai and big tech considering they are already in the action from a technical standpoint.

Edit: Adding the source for the relations and financials
 
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  • Wow
Reactions: FelixDeCat

AdamK47

Lifer
Oct 9, 1999
14,878
2,602
126
Tomorrow looks to be a more important day than I thought. Not sure what Powell will say that we haven't heard before.
 

jpiniero

Lifer
Oct 1, 2010
13,833
4,762
136
Tomorrow looks to be a more important day than I thought. Not sure what Powell will say that we haven't heard before.

Probally just going to imply that the pivot isn't happening anytime soon. Maybe even that there will indeed be more hikes coming.
 

FelixDeCat

Lifer
Aug 4, 2000
28,844
1,901
126
Bought Afirm @ 17.50. I think it might go over $20.

Edit: sold deep calls just in case the market keeps falling
 
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AdamK47

Lifer
Oct 9, 1999
14,878
2,602
126
Market down today after Powell spoke in Jackson's Hole. I suppose the main takeaway is that an easing is further away than many thought.
 

FelixDeCat

Lifer
Aug 4, 2000
28,844
1,901
126
NVidia was $500 at earnings, has pulled back since to $450 in two days ... despite good earnings. I don't think anyone expected that.
 

Lost_in_the_HTTP

Diamond Member
Nov 17, 2019
9,646
5,729
106
Not down any more.


I'll take higher interest on my savings. i don't borrow, so loan rates don't affect me.
 

dullard

Elite Member
May 21, 2001
24,591
2,843
126
I'll take higher interest on my savings. i don't borrow, so loan rates don't affect me.
Companies that you buy from do borrow. Most of them*. So their costs go up. So they may pass some costs on to you (via less supply resulting in higher prices in the supply-demand curve). So these higher rates may affect you.


* Heck even Apple, one of the most valuable companies in the world, with $50 billion cash on hand still has debt.
 

dullard

Elite Member
May 21, 2001
24,591
2,843
126
Well today was the day that many of the meme stock owners who were so, so willing to lose money, did lose money. The year long APE fiasco is over. Opened at $6.95/APE share, shot up to $9.35/APE share shortly later. Anyone who bought them and held on to them, were just forced out at $1.42/APE share. A nice 79.6% loss from the opening price.

AMC itself is down 64% for the week and down 85% during that APE experiment.
 

FelixDeCat

Lifer
Aug 4, 2000
28,844
1,901
126
Well today was the day that many of the meme stock owners who were so, so willing to lose money, did lose money. The year long APE fiasco is over. Opened at $6.95/APE share, shot up to $9.35/APE share shortly later. Anyone who bought them and held on to them, were just forced out at $1.42/APE share. A nice 79.6% loss from the opening price.

AMC itself is down 64% for the week and down 85% during that APE experiment.
I predict bankruptcy in 18 months or less for AMC.
 

dullard

Elite Member
May 21, 2001
24,591
2,843
126
I predict bankruptcy in 18 months or less for AMC.
Cash of $435M, Liquidity availability of $643M, and losing roughly $1000M per year. They need a miracle, more than just Barbenheimer to make it those 18 months.
 

KB

Diamond Member
Nov 8, 1999
5,371
371
126
Well today was the day that many of the meme stock owners who were so, so willing to lose money, did lose money. The year long APE fiasco is over. Opened at $6.95/APE share, shot up to $9.35/APE share shortly later. Anyone who bought them and held on to them, were just forced out at $1.42/APE share. A nice 79.6% loss from the opening price.

AMC itself is down 64% for the week and down 85% during that APE experiment.
We all knew this was inevitable, but you have to admit, the experiment worked for the company. They stayed alive longer than they should, and executives got their bonuses. Only the tax-payer got screwed as most of the money that went into AMC was probably pandemic emergency funds.
 

dullard

Elite Member
May 21, 2001
24,591
2,843
126
We all knew this was inevitable, but you have to admit, the experiment worked for the company. They stayed alive longer than they should, and executives got their bonuses. Only the tax-payer got screwed as most of the money that went into AMC was probably pandemic emergency funds.
As far as I could find, AMC did not get pandemic emergency funds. The only money given to theaters was small independent theaters. https://screenrant.com/amc-theaters-covid-19-relief-bill-no-funding/ But, I didn't search very hard, so maybe they got some pandemic money a different way.

Speaking of AMC, they are down another 8% 9% 10% 11% today.
 
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FelixDeCat

Lifer
Aug 4, 2000
28,844
1,901
126
As far as I could find, AMC did not get pandemic emergency funds. The only money given to theaters was small independent theaters. https://screenrant.com/amc-theaters-covid-19-relief-bill-no-funding/ But, I didn't search very hard, so maybe they got some pandemic money a different way.

Speaking of AMC, they are down another 8% today.
It (indirectly) got pandemic money when the meme traders used stimulus money (given out when people were forced to stay home and later to stimulate the economy) to inflate AMC stock price up to $75 at one pont.
 

KB

Diamond Member
Nov 8, 1999
5,371
371
126
Threw some money into HE (Hawaiian Electric). The company states and has proof the power lines were off for 6 hours before the second fire started. If true and they get off the hook, they could return from 14, back to 39 over the next few months - year. Worse cause scenario is bankruptcy, which I put odds at 15% with this news. Best case scenerario is +150% gain which I put at 30%. Odds of flat to 100% gain I put at 65%. Thats a trade I am willing to make.

 

AdamK47

Lifer
Oct 9, 1999
14,878
2,602
126
September is typically a down month.

How far down do some of you think it'll go with jobs, CPI, and a fed meeting in play?
 

AdamK47

Lifer
Oct 9, 1999
14,878
2,602
126
Threw some money into HE (Hawaiian Electric). The company states and has proof the power lines were off for 6 hours before the second fire started. If true and they get off the hook, they could return from 14, back to 39 over the next few months - year. Worse cause scenario is bankruptcy, which I put odds at 15% with this news. Best case scenerario is +150% gain which I put at 30%. Odds of flat to 100% gain I put at 65%. Thats a trade I am willing to make.

That contradicts their own recent admission.


Edit: I suppose they admit to causing the first fire and not the second. Where did the second fire come from then. From the first fire? Maybe it was just all one fire.
 
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KB

Diamond Member
Nov 8, 1999
5,371
371
126
That contradicts their own recent admission.


Edit: I suppose they admit to causing the first fire and not the second. Where did the second fire come from then. From the first fire? Maybe it was just all one fire.
The abc news article is a little more damning than the seeking-alpha one.

"By taking responsibility for causing the first fire, then pointing the finger on a fire that started 75 yards away and saying, 'That's not our fault, we started it but they should've put it out,' I'm not sure how that will hold up,” Morgan, who manages complex litigation, said Monday. “It's also so premature because there are ongoing investigations.”"

"Residents said the embers from the morning fire had reignited and the fire raced toward downtown Lahaina. Treu’s neighbor Robert Arconado recorded video of it spreading at 3:06 p.m., as large plumes of smoke rise near Lahainaluna Road and are carried downtown by the wind."

If the two fires are the same fire then HE could have more responsibility than they believe they do. We all know when the police or firefighters screw up they rarely get blamed or are held to account, so its possible the firefighters failed to put out the fire and HE could still be blamed.

This would move my bankruptcy risk to 35%.
 

FelixDeCat

Lifer
Aug 4, 2000
28,844
1,901
126
Threw some money into HE (Hawaiian Electric). The company states and has proof the power lines were off for 6 hours before the second fire started. If true and they get off the hook, they could return from 14, back to 39 over the next few months - year. Worse cause scenario is bankruptcy, which I put odds at 15% with this news. Best case scenerario is +150% gain which I put at 30%. Odds of flat to 100% gain I put at 65%. Thats a trade I am willing to make.

Bought some at $14 for a trade.
 

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