The Stock Market

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I am well aware of the shit that's likely to stick to my reputation as a result of this thred, but do any other IL*ers (beyond the one I was talking to last night, but by all means, give me backup here) have an active interest in shares, derivatives, spread-betting etc.?

What's your most successful investment? Your least? Got any red-hot tips?

Mark C, Thursday, 15 November 2001 01:00 (nineteen years ago) link

I get shares in part payment for the slave labour I do at work. I don't really know what to do with them, but I keep an eye on how much they're worth. They're telecoms so... not much.

Madchen, Thursday, 15 November 2001 01:00 (nineteen years ago) link

Mark, I daren't go anywhere near spreadbetting, I absolutely love a flutter, I think that would kill me off. I'm great at picking winners, first scorers etc, but only when there's no money riding on it, as soon as the money is handed over to the bookie then my talent becomes useless!

chris, Thursday, 15 November 2001 01:00 (nineteen years ago) link

I hope you don't work for Marconi, Madchen. Last night's TV programme about their downfall was scary.

RickyT, Thursday, 15 November 2001 01:00 (nineteen years ago) link

Mark, given a chance I would LOVE stocks and shares. I got so carried away with PopEx I got a WAP phone especially to check buy/sell outside of regular office hours: then realised it never gets updated for my needs, argh. Sadly I'm lazy and don't devote enough time to analysis and behind the scenes issues which is a chiz. Sometimes I worry myself. Given REAL money I'd no doubt go out and buy some braces and an oversized phone. WHEN i DO PAY ATTENTION (oops) to these things I get FASCINATED. It's A Whole New WURLD of ENTERTAINMENT (and arseholes) HOORAH!

Sarah, Thursday, 15 November 2001 01:00 (nineteen years ago) link

Hoorah! I've only lost £2,000 on the stock market so far, but hey, it's only a loss on paper, right?

Mark C, Thursday, 15 November 2001 01:00 (nineteen years ago) link

As a dreamy, drifty 6-former with no idea what to do I got sucked into this post A-Level Company Law course, doing all that stocks and shares stuff. It is v. boring, Sarah. V. little of that 'buy! sell!' stuff goes on. It was a bit of an 80s fallacy. All done with computers nowadays.

Will, Thursday, 15 November 2001 01:00 (nineteen years ago) link

No, thank goodness. Level 3.

Madchen, Thursday, 15 November 2001 01:00 (nineteen years ago) link

No doubt Will. I think I also like how you need to keep a firm grip on current affairs and their repurcussions and how this will spread throughout the markets or whatever. It's like this odd fantasy world: but too many small print numbers in the times. I liked the bit in the DICE MAN SEQUEL (the only good bit, rest was a load of toss) where they faked the Presidents death for shares purposes and stuff. Heh.

Sarah, Thursday, 15 November 2001 01:00 (nineteen years ago) link

Used to have some interest. Had some stock when I was a wee pre- pubescent lad (in some local bank - stable, they are, sez my pop). Minute puberty hit, I itched for the moolah (to buy stupid shit) and sold my stock @ a loss (about 100 shares @ $6.00 - $2.50 less than what I bought them @). Since, the stock almost hit $40, and now piddles around the $25 mark. D'oh.

Also had a mutual fund for a while - I'd call every night to get the latest updates (and this was only a few years ago). Again, though, itchiness & money troubles "forced" me to cash that in, which turned out to be very smart, since the dotcom fallout was just around the bend.

I also have a 401K plan - I shudder to think how much money I've lost on THAT.

Please note that my family has a history of stock mismanagement - my dad shares of Compaq at $7 (RIGHT BEFORE they got their schwerve on). Sold at $14 - smart move, sez he. Then watches as it rockets up to $86ish; it might've split a few times, too. Either way, he lost tens of thousands of dollars. D'oh.

David Raposa, Thursday, 15 November 2001 01:00 (nineteen years ago) link

Dave, he doubled his money! Smart man - "always leave something for the next guy". He sounds like he made thousands, not lost it.

I've been trading in small oil E&P companies this afternoon (that SO makes me sound less tiny and irrlevant than I am).

Mark C, Thursday, 15 November 2001 01:00 (nineteen years ago) link

I've got shares of Glaxo! GIE US A LOAN MAN!!!

Tracer Hand, Thursday, 15 November 2001 01:00 (nineteen years ago) link

Oh, whatever. He bought the stock right before the PC boom. If he had half a brain (and listened to me mudda), he'd have MORE money.

But, see, my glass is half-empty & leaking.

David Raposa, Thursday, 15 November 2001 01:00 (nineteen years ago) link

I have some small amount of family money in a sector fund that has made up for being stagnant for years in the last few months, and a little bit bigger amount of money in an international equity fund that has declined by 40% in the last two years and has resulted in my net return being way negative.

I don't pay any close attention to any of this, though. I've never made a "transaction" or whatever. My father was an economist, and sees himself as some sort of expert manager, so I can't sell everything and buy an xBox and whatever other crap I could get if liquidated the investments. And I barely have any money after hitting the boozer and paying rent, so there's no surplus to invest.

Of course most of my friends who were wealthy on paper during the internet stock bubble are now nearly as broke as me, or worse yet are in debt to some great extent having bought a place to live on expectation of future earnings. It's enough to make me want to hide money in my mattress.

Benjamin, Thursday, 15 November 2001 01:00 (nineteen years ago) link

....got burned by a few dot coms and small caps. I find the best strategy for me is pick solid blue chip type companies and dig in for the long term.

Rickster, Thursday, 15 November 2001 01:00 (nineteen years ago) link

one year passes...
Can anyone recommend me a stockbroker?

@d@ml (nordicskilla), Friday, 7 November 2003 23:34 (seventeen years ago) link

I recommend hstencil.

teeny (teeny), Friday, 7 November 2003 23:39 (seventeen years ago) link

hstencil, will you sell my shares for me? I'm broke.

@d@ml (nordicskilla), Friday, 7 November 2003 23:41 (seventeen years ago) link


Okay, I've got a legit question I've been wondering about ... when a company buys out another smaller company whose stock benefits? The buyee or the buyer? Do they both increase and if so, who increases more?

Dean Gulberry (deangulberry), Friday, 7 November 2003 23:43 (seventeen years ago) link

I think it's good for the buyee.

@d@ml (nordicskilla), Friday, 7 November 2003 23:44 (seventeen years ago) link

Depends on the individual buyout, but it generally indicates 1) the buyer has the resources to acquire the buyee, and 2) the buyer thinks the buyee is worth acquiring -- both positives.

j.lu (j.lu), Friday, 7 November 2003 23:48 (seventeen years ago) link

See Sony/Apple! (if you're reading, Sony peeps!)

@d@ml (nordicskilla), Friday, 7 November 2003 23:49 (seventeen years ago) link

Buy Canary Wharf. Now. Seriously.

(Obviously I only write about this shit every day and wouldn't claim to UNDERSTAND it and would never even think about putting my money where my mouth is but hey...)

Matt DC (Matt DC), Friday, 7 November 2003 23:50 (seventeen years ago) link

That's more like it!

@d@ml (nordicskilla), Friday, 7 November 2003 23:52 (seventeen years ago) link

Sell your music-industry related stocks. They are going down the pan. (Snoy/BMG, EMI/Time Warner, whatever, no matter what happens it's a catastrophe for all involved. MTV had better start actually PROMOTING ALBUMS AND SINGLES AGAIN, with these things called MUSIC VIDEOS or they're all fucked. You heard it here first.)

I don't actually own shares of Glaxo, that was a joke.

Tracer Hand (tracerhand), Saturday, 8 November 2003 02:31 (seventeen years ago) link

sorry adaml I really don't wanna work in the financial services industry ever again, if I can help it.

chopped liver, Saturday, 8 November 2003 23:29 (seventeen years ago) link

I think you'd have to be nuts to own stocks up here. The thing's been running since March with no retracement. A 33% move off the lows?? You have to be shitting me. They'll probably run it up to the new year (barring a terrorist attack), but after that, look out below...

Broheems (diamond), Saturday, 8 November 2003 23:34 (seventeen years ago) link

invest in latvia, their bourse is up 140% this year. mergers are meeting with more skepticism, the bank of america announcement to buy whatever bank they are buying caused both stocks to fall because investors were not impressed.

keith (keithmcl), Sunday, 9 November 2003 04:02 (seventeen years ago) link

I love James Cramer's columns in New York magazine.

teeny (teeny), Sunday, 9 November 2003 04:20 (seventeen years ago) link

I have an actual FRIEND, RIGHT HERE IN TOWN, who works for this company called Aeg1s Communications. The friend, knowing little about stocks or finance, failed to inform me that her company, which was planning on being taken private (and the common shares, which were trading under 0.02, being cancelled) was now going to announce being bought out by freaking DEUTCHE BANK and the useless shares would now represent substantial equity in the new entity... anyway on Thursday the shares opened the day @ .016 and were .40 by lunch. On Friday they topped out above .70 before pulling back. SOOO, a savvy trader could have made a quick 3,500% in 1.5 trading days (or turned $1,000 into $35,000) I just watched the whole thing, fuming. My hot pick 4 u is FLMIQ (Fleming) currently trading @ .02

Aaron A., Sunday, 9 November 2003 04:55 (seventeen years ago) link

My 7 expired last month, and I assume my 65 and 63 too. Hurrah, not the place for me. I've applied a shitload of red wine in hopes of eradicating the details of financial markets from my mind. I think Broheems is right-ish, overvalued. It doesn't sound like buying low in Latvia is possible (but I don't know really).

Hunter (Hunter), Sunday, 9 November 2003 05:10 (seventeen years ago) link

five months pass...
google has filed it's IPO papers, stocks to sell via auction to the public this summer/fall. I don't understand any of this but some part of me says it would be a shame to miss out on the chance to buy some of these. So someone explain it all to me.

kyle (akmonday), Thursday, 29 April 2004 21:29 (seventeen years ago) link

Keep this info from the Wall Street Journal in mind:


Most of Google's revenue comes from small text ads that Google sells on its own site, as well as the Web pages of other companies. Advertisers bid for the right to have ads appear each time a user searches for certain keywords or those words appear on the Web site of a Google partner. Across the search industry, advertisers agree to pay an average of roughly 40 cents each time a user clicks on an ad. Rates for some much sought-after terms can go much higher: Google caps them at $50. It says it has more than 150,000 advertisers to such services, ranging from Ford Motor Co. to online retailer drugstore.com Inc.

The advertising is lucrative. Google began selling the ads in 2000, adapting a practice commercialized by Overture Services Inc., now part of Yahoo Inc. Google quickly grabbed a commanding position in search ad sales because of the popularity of its search engine. As a result, the company has been profitable since 2001, company executives say.

Advertisers spent $2.5 billion on ads targeting key search words in 2003, nearly triple the $927 million of ads sold the year before, estimates eMarketer Inc., a New York research firm. Analysts and Web moguls are optimistic about the future of these online ads, because they're focused on users interested in a subject, and so are considered much more effective than banner ads, which are strips of ads appearing alongside the content of Web pages not tied to a specific search.

But many of these same analysts have been wrong before. In the late 1990s, they predicted exponential growth in online advertising, centered on those very banner ads. Instead, amid a broad downturn in ad spending, advertisers turned against banners because of declining consumer response. Online advertising plunged to $6 billion in 2002, from $8.2 billion in 2000, according to eMarketer

El Diablo Robotico (Nicole), Thursday, 29 April 2004 21:34 (seventeen years ago) link

Im sure google is also making sweetheart deals to their corporate pals to get in on the ground floor and then theyll sell whatever's leftover after they have sufficiently jacked up the price. this is one of those ipos that are gonna get oversold IMMEDIATELY.

bill stevens (bscrubbins), Thursday, 29 April 2004 21:59 (seventeen years ago) link

Yeah, kyle, great company but unless you have an account with one of the big boys, your gonna have to buy this one on the open market and it will doubtlessly open up overinflated.

Broheems (diamond), Thursday, 29 April 2004 22:23 (seventeen years ago) link

I'm partial to Jim Cramer, he had a good column on this:

http://www.newyorkmetro.com/nymetro/news/bizfinance/columns/bottomline/n_10178//index.html

(basically, what broheems said)

teeny (teeny), Friday, 30 April 2004 00:08 (seventeen years ago) link

three weeks pass...
I reazlize I may get a lot of flak/silly answers for asking this, but where is the best place/resource for an absolute beginner to learn about investing in stocks and shares? Should I just visit a stockbroker?

Antmusic78 (Antmusic78), Monday, 24 May 2004 17:19 (sixteen years ago) link

do some of your own research first, read the WSJ and some books, and then see a broker.

hstencil (hstencil), Monday, 24 May 2004 17:27 (sixteen years ago) link

Thanks. Any books you might be able to recommend?

Antmusic78 (Antmusic78), Monday, 24 May 2004 17:28 (sixteen years ago) link

not any off-hand, but I can ask around. Also, note that you should take a broker's advice with a grain of salt until you have a solid relationship of trust built with them.

hstencil (hstencil), Monday, 24 May 2004 17:32 (sixteen years ago) link

The Motley Fool (http://www.fool.com/)is supposed to be an informative site.

(Disclaimer: All I know about the Motley Fool is that I tried to get a job there last year.)

j.lu (j.lu), Monday, 24 May 2004 18:35 (sixteen years ago) link

it is helpful to an extent. I got a paid membership and never look at it now though. I'm not positive what you get by paying other than access to the forums. It's not the easiest thing to navigate through.

kyle (akmonday), Monday, 24 May 2004 18:36 (sixteen years ago) link

I don't think the Fool is all that good, although to be honest, I haven't visited their site in ... gosh, probably at least two years. I wonder if they're still holding all that AOL and AMZN.

I really like Ken Kurson's book. I think it was the first book I read on the subject. Although it's, what, a good 6 years old now. I don't know if it's been revised or anything. But it's a good intro to a lot of financial type stuff (also has lots of info on home-buying and so forth), written in a style definitely geared towards young people without being patronizing.

And of course, the Peter Lynch books are widely regarded as investing classics, though I've never read them.

Broheems (diamond), Monday, 24 May 2004 20:20 (sixteen years ago) link

I love the way Aaron (about 9 posts up) is pissed at his friend for basically not breaching any insider trading rules to his benefit, so he lost out on a huge gain, and they didn't go to jail.

Brilliant.

___ (___), Tuesday, 25 May 2004 07:59 (sixteen years ago) link

two years pass...
does anyone here still give a shit about this topic? because i have some thoughts.

Eisbär (llamasfur), Saturday, 16 September 2006 07:37 (fourteen years ago) link

I'd like to hear them. I've been reading the Wall Street Journal.

A-ron Hubbard (Hurting), Saturday, 16 September 2006 13:40 (fourteen years ago) link

I also think the stock market is totally strange and fascinating.

A-ron Hubbard (Hurting), Saturday, 16 September 2006 13:40 (fourteen years ago) link

seven months pass...
Speaking of strange and fascinating, whoa, the market right now in spite of possible warning signs of a flagging economy.

Most interesting and startling explanation I heard -- Jeremy Siegel was on Marketplace today and said that 49% of the revenue of the S&P companies, essentially the largest American companies, comes from abroad. Holy fuck, if you're rich the world really is flat.

Hurting 2, Tuesday, 8 May 2007 02:53 (fourteen years ago) link

three months pass...

jesus christ, the era of 24-hour news and twitchily updated newspaper 'front pages' online has really found its level with this crash. a couple of hours ago the guardian main story was "FTSE rebounds after blah blah blah". i went to the opticians, came back, and now its "FTSE dips in red". what is the fucking point of this minute-by-minute analysis, especially for a non-specialist paper.

That one guy that hit it and quit it, Friday, 17 August 2007 11:04 (thirteen years ago) link

Surely there's more point in minute-by-minute analysis for things that are acutely time-sensitive like this? As opposed to, say, 'factory blows up in Stoke, police still don't know anything'.

Not that the Guardian website would exactly be the first point of call for anyone seeking up to date financial information but still...

Matt DC, Friday, 17 August 2007 11:15 (thirteen years ago) link

How do you get rich multiplying your investment by 10 buying a stock if you aren't already rich? I'd argue most of these lives would change more multiplying their investment by 0.1, which is the downside. Only people seeing anything special are buying options and then hyping shares. Why make them rich for a possible 10× upside at most?

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 02:57 (one month ago) link

And then post memes about how amazing they are bc you had 2 grand of unrealized gains

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 02:58 (one month ago) link

what? are you talking about those pump and dumpers with a lot of followers? like on twitter?

Yerac, Thursday, 11 March 2021 03:03 (one month ago) link

anyone like that including the kitty, yes

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:04 (one month ago) link

i don't follow people on twitter although i know a lot of people do. i don't consider the gme guy in that category.

but for your first line about "getting rich" multiplying your investment by 10 if you aren't already rich, technically due to convexity of certain option plays, your initial investment can go up in the 1000s percent somewhat quickly. I am a fairly (by wsb) conservative trader and it is not unusual to see 100-500% gains on options, thus why retail jumped on them so hard last year.

Yerac, Thursday, 11 March 2021 03:15 (one month ago) link

that is why I am saying you are probably taking on too much risk for the reward if you aren't making those option plays

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:17 (one month ago) link

what is the upside for the people who bought shares at 350? and then it is sad when they dominate a large chunk of current reddit posts. "Damn, bought at the peak. But i am holding, fellow apes."

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:19 (one month ago) link

sure? i mean i am not trying to convince anyone that "this is the way."i had a friend that was texting me about starting trading yesterday but he doesn't want to actually do any of the work around learning. it's a lot of work sometimes and people are generally terrible with money and don't want the responsibility.

Yerac, Thursday, 11 March 2021 03:23 (one month ago) link

that was an xpost

Yerac, Thursday, 11 March 2021 03:23 (one month ago) link

lol and every post made by these people contains that same amount of compassion. I'm not accusing you of anything btw. Just trying to express what turns me off about the whole phenomenon.

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:30 (one month ago) link

wsb is basically 90% unusable due to GME, are you actually asking a real question? because there are trades to be made out of almost anything but i don't think that is what you want to hear. and that entire ape group thing I really don't know how that started. it's weird.

Yerac, Thursday, 11 March 2021 03:31 (one month ago) link

i am not asking a question. i am also stating that the ape thing is sad and weird. it is the very thing that makes this trade difderent from the other trades to be made out of almost anything.

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:37 (one month ago) link

i agree that the same scam could be applied to other trades. I do think gamestop was chosen due to reddit nostalgia potential, though.

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:38 (one month ago) link

i had assumed it came from that bartstool guy or something sports related. I wish it hadn't gotten that much attention because too many outside variables got involved in what should have been a pretty straightforward thing.

Yerac, Thursday, 11 March 2021 03:42 (one month ago) link

Apes strong together is a meme from the Planet of the Apes remake isn't it?

Joe Bombin (milo z), Thursday, 11 March 2021 03:43 (one month ago) link

xp yes, i agree it was already a more straightforward good call. And i believe you are right that kg was in it long before the madness. Also a bit hilarious that Burry exited before the party began.

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 03:45 (one month ago) link

did you read that salience article though? it touches on that. like why RKT pumped last week, stuff aligned with earnings, dividend, float, timetable and the name of the company is Rocket, of course it was likely to get a push. xpost

Yerac, Thursday, 11 March 2021 03:45 (one month ago) link

Oh yeah, it's super dangerous and stupid for anyone to be involved in this. Definitely gotta stay aware of that through this thing. As said many times in /wsb, don't bet anything you can't lose, though God knows what percentage of subredditors are all-in or not-in at all.

(p.s. there are many other reddit communities that aren't /wsb, boring ones like /dividends, /investing,/bogleheads, /stockmarket etc that aren't as wild. they can still be suspicious pump-and-dump grounds, though.)

I'm only in for a handful of shares, i didn't risk my retirement - though clearly some people have, which is nuts. I've freaked out just over the small holdings I have. I did cash out a teeny bit of profit on AMC, wot wot :) various weed stocks, not so much, but to me still worth as a lottery ticket. Last week was RKT and UWMC, which of course crashed immediately after I bought. At least they look like decent long-term plays.

And Yerac, I bought GME near the top - right before RH and the other brokers caused the crashdown - and said to myself, fuck it, it's pretty much all gone, so i might as well hold. When it jacked up from $40 -> $100 and seemed to be swinging back, more slowly this time, I bought a few more shares to average down, which was the right move, which is why I'm now in the green.

Haven't yet gone full idiot - I'm afraid if I start trading options that's where the real reckless/profitable all-or-nothing bets happen. The lure of the evil, insane market is very tempting. When the markets paid no price for COVID and raced to all-time highs it was a real awakening, or just massive confirmation bias for me about it all being a casino.

Nhex, Thursday, 11 March 2021 04:33 (one month ago) link

How do you get rich multiplying your investment by 10 buying a stock if you aren't already rich? I'd argue most of these lives would change more multiplying their investment by 0.1, which is the downside. Only people seeing anything special are buying options and then hyping shares. Why make them rich for a possible 10× upside at most?
It's really a shame bonds give you so little nowadays, you can't even get 2% on a 10-year-note, let alone the fractional pennies you get from savings accounts. So, we gamble.

Nhex, Thursday, 11 March 2021 04:35 (one month ago) link

Also, the smarter play it seems is to just invest in S&P/market indexes forever. Most of my safe "boomer" money is in that stuff which I have no control over

Nhex, Thursday, 11 March 2021 04:40 (one month ago) link

I am about ready to chicken out - setting a stop-loss today at just above my break-even

Nhex, Thursday, 11 March 2021 13:47 (one month ago) link

There is no chickening out. Everyone should manage their own level of risk. There is always another trade, you don't need to marry this one if it's not working out. I sometimes hold thing for 5 minutes and realize...naaaaahhhhh back it out.

Yerac, Thursday, 11 March 2021 17:55 (one month ago) link

Also, the smarter play it seems is to just invest in S&P/market indexes forever. Most of my safe "boomer" money is in that stuff which I have no control over

― Nhex, Wednesday, March 10, 2021 10:40 PM (yesterday) bookmarkflaglink

This is what I do and my stomach lining thanks me

Guayaquil (eephus!), Thursday, 11 March 2021 18:15 (one month ago) link

I do that naturally as well in the 401k. I have an IRA that was leftover from grad school. It was small so I've used it in 2 riskier single stock plays over the last 5 years. that one is 15x but started so small. even winning feels bad.

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 18:25 (one month ago) link

that's mostly what I've done for a while, but starting to dip my toes back into active trading

Mr. Cacciatore (Moodles), Thursday, 11 March 2021 18:48 (one month ago) link

pic.twitter.com/lAVYztmTq1

— Roaring Kitty (@TheRoaringKitty) March 9, 2021

longtime caller, first time listener (man alive), Thursday, 11 March 2021 19:21 (one month ago) link

I am still waiting for Congress to wake up and pass a 'financial transaction tax' of one-tenth of a cent on every purchase or sale of a stock or bond and every bank transfer of funds, to be collected and paid by the broker, bank or insurance company who initiates the transaction.

Judge Roi Behan (Aimless), Thursday, 11 March 2021 19:33 (one month ago) link

yes. i think everyone is waiting for that.

Yerac, Thursday, 11 March 2021 19:37 (one month ago) link

it's why i'm long $IRS

am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 19:58 (one month ago) link

Wondering if the stimulus checks will actually move the needle on retail investing, if temporarily. I'm guessing not even that, though, despite hopes of the GME bag holders.

Nhex, Wednesday, 17 March 2021 16:14 (one month ago) link

to the mars!

《Myst1kOblivi0n》 (jim in vancouver), Wednesday, 24 March 2021 19:12 (one month ago) link

the price of tesla just seems completely untethered from "fundamentals" in a way that suggests that a ludicrous price target like that is potentially not wrong to me. i feel like if i had a spare 6 figures lying around i would absolutely be buying a bunch of tesla shares, although i would probably get out once it reached less than half of that targeted price

《Myst1kOblivi0n》 (jim in vancouver), Wednesday, 24 March 2021 19:15 (one month ago) link

the primary input to the model was cocaine

intrusive dobro, shoeless guest (Sufjan Grafton), Wednesday, 24 March 2021 20:01 (one month ago) link

ARK's largest holding is TSLA and they can't buy anymore to prop up the price because they are at or near 10%. Gotta pump!

Yerac, Wednesday, 24 March 2021 22:01 (one month ago) link

Their bear case is $1500/share.... so they're saying at worst, it'll be double it's all-time high in 6 years. Hmm. Possible, I suppose.

Nhex, Thursday, 25 March 2021 04:30 (one month ago) link

If I were going to make a buy case for TSLA it would simply be that Elon Musk is a fantastically talented hype man.

Nothing in ARK's model makes a shred of sense though. "Bear case" in which 2025 sees them selling 10x the vehicles they sold in 2020, absurd assumptions about their as yet nonexistent ridehail/autonomous taxi businesses, etc.

longtime caller, first time listener (man alive), Thursday, 25 March 2021 13:40 (one month ago) link

Interesting that ARK funds, TSLA, and bitcoin are all crashing yesterday/today

longtime caller, first time listener (man alive), Thursday, 25 March 2021 13:41 (one month ago) link

Tech's had a really bad week. Telling myself it'll bounce back next week

Nhex, Thursday, 25 March 2021 14:28 (one month ago) link

This is pretty freaky:
https://www.ft.com/content/2542af81-9e93-4d05-a0b9-26c0f6aab6f3

Apparently you can just amass positions equivalent to 5 or 10% of a company's stock via swaps and never report it? And major investment banks are fine with giving you tons of leverage to do it, until it blows up and a single hedge fund's implosion causes 30% drops in multiple large stocks?

longtime caller, first time listener (man alive), Monday, 29 March 2021 16:32 (one month ago) link

two weeks pass...

Stock market is totally having a normal one right now

What the hell? https://t.co/92RWejK16A pic.twitter.com/hgzLMhrpN4

— Joe Weisenthal (@TheStalwart) April 15, 2021

longtime caller, first time listener (man alive), Thursday, 15 April 2021 18:16 (three weeks ago) link

there is something very weird going on with that one that is probably not at all indicative of the wider market. I don't know if it is a form of money laundering or what, but I can't imagine it's a bunch of retail investors running up the price. It trades less than 400 shares per day.

Mr. Cacciatore (Moodles), Thursday, 15 April 2021 18:28 (three weeks ago) link

lol this is one of my favorite stock descriptions ever

Hometown International, Inc., through its subsidiary, Your Hometown Deli Limited Liability Company, operates a delicatessen store under the Your Hometown Deli brand name in the United States. Its Your Hometown Deli store provides sandwiches; soups; salads, including made-to-order green salads, prepared pasta, potato, chicken, and various wet salads; deli meats/cheeses; hot/cold drinks; fresh breads/rolls; breakfast products, such as pastries, bagels, and toast; yogurt; and small retail items for cooking, baking, and home use, as well as coffee, tea, and other hot and cold beverages. The company was incorporated in 2014 and is based in Woodstown, New Jersey.

longtime caller, first time listener (man alive), Thursday, 15 April 2021 18:30 (three weeks ago) link

Please do not think for one minute this reflects badly on the security of those stock mutual funds in your 401K. Pretty please. With sugar on top.

sharpening the contraindications (Aimless), Thursday, 15 April 2021 18:31 (three weeks ago) link

sounds like a mafia front posing as a public company

Mr. Cacciatore (Moodles), Thursday, 15 April 2021 18:32 (three weeks ago) link

xp, Oh certainly not -- but there are dozens of SPACs that are like 60% as ridiculous as that. I think the point is more that there isn't a lot of evidence of oversight.

longtime caller, first time listener (man alive), Thursday, 15 April 2021 19:00 (three weeks ago) link

What do you guys think of something like VIAC, which had it price destroyed to one hedge fund dumping it?
The business hasn't really changed much, meaning it's seriously undervalued right now or it's still pumped too high due to current market exuberance. Still higher than it was in Jan/Feb '20. The company has remained profitable regardless.

Nhex, Monday, 19 April 2021 14:20 (three weeks ago) link

FWIW, I just listened to this: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH?si=sbeWrWYnR4iZo_apx0LkUw which was v interesting on greensill, credit suisse, and archegos among other things, and the guy made a pretty good case for VIAC being a slowly dying business.

longtime caller, first time listener (man alive), Wednesday, 21 April 2021 16:42 (two weeks ago) link

There are usually a lot of profits to be squeezed from a slowly dying business. Look at what vulture capitalists are doing to the newspaper industry. The question is whether those remaining profits can translate into a higher share price. Probably not.

sharpening the contraindications (Aimless), Wednesday, 21 April 2021 18:01 (two weeks ago) link

link between price and profits seems a lot more tenuous these days anyway, so it's about a good a dice roll as a lot of other things.

longtime caller, first time listener (man alive), Wednesday, 21 April 2021 18:59 (two weeks ago) link


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