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

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woodman1999

Golden Member
Sep 19, 2003
1,697
106
106
ABT comes out with a 15 minute test and pops nicely. Let's hope it's more reliable than the last quick test they had was.
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
If we just all buy and pump Coolcoin we can be billionaires too.

You can't really buy Coolcoin, but you can get it awarded from an awesome ATOT post.

It needs to be something really cool, too, like Ponyo drag racing one of his Tesla's WHILE eating some tasty Korean BBQ. Now THAT would be entertaining to watch!
 
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Charmonium

Diamond Member
May 15, 2015
9,564
2,939
136
marshal law? Seriously?

Yee Haw. That dang marshal gonna get me good.
I don't want to get too far off topic here, but this is the problem with the rabid Trump supporters. I know that most of them aren't semi-comatose morons, which means you know as well as I do that the man is lying sack of shit. Of course you do have the cultish contingent that whatever Trump does or says, it just doesn't fucking matter. I'm never going to understand that. Who actually believes in "alternative facts?"

And it simply amazes me that after 4 years you still haven't figured out what's really important to Trump. Surprise, it's Trump - fuck everyone else even if his amorality and incompetence has killed over 180,000 people. As he said in a recent interview, "it is what it is." The only fucking reason he gives a shit at all is because it reflects badly on him. Well, no shit.

And these aren't the disposable kind of people like all the ones who are some shade of brown, the gays, the Jews - I just don't have time to provide a full list.

Remember when Trump said he could shoot someone in the middle of 5th Avenue and get away with it. NOW do you realize that psychopath WAS NOT joking. Except as it turns out, the body count is a bit higher.
 
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dasherHampton

Platinum Member
Jan 19, 2018
2,543
488
96
Dude - I gave you like 24 hours to fix it. I didn't want to embarrass you. And you didn't.

So - marshal law it is.
 

Craig234

Lifer
May 1, 2006
38,548
349
126
I don't want to get too far off topic here, but this is the problem with the rabid Trump supporters. I know that most of them aren't semi-comatose morons, which means you know as well as I do that the man is lying sack of shit. Of course you do have the cultish contingent that whatever Trump does or says, it just doesn't fucking matter. I'm never going to understand that. Who actually believes in "alternative facts?"

And it simply amazes me that after 4 years you still haven't figured out what's really important to Trump. Surprise, it's Trump - fuck everyone else even if his amorality and incompetence has killed over 180,000 people. As he said in a recent interview, "it is what it is." The only fucking reason he gives a shit at all is because it reflects badly on him. Well, no shit.

And these aren't the disposable kind of people like all the ones who are some shade of brown, the gays, the Jews - I just don't have time to provide a full list.

Remember when Trump said he could shoot someone in the middle of 5th Avenue and get away with it. NOW do you realize that psychopath WAS NOT joking. Except as it turns out, the body count is a bit higher.

I've looked a bit at, why do they have such rose colored glasses? Why do they become slavishly supportive of someone, joining his cult, who is things they say they're against?

The nearest I've found is that is has nothing to do with who trump is or much of his 'policies', but is all about hating the same things he shows hate for - which he seems to do largely because he has pollsters tell him that's what his base wants, however much it's his opinion also. It's not limited to them - Democrats are going to wear rose colored glasses looking at anyone who can defeat trump.
 
Reactions: Charmonium

Charmonium

Diamond Member
May 15, 2015
9,564
2,939
136
I've looked a bit at, why do they have such rose colored glasses? Why do they become slavishly supportive of someone, joining his cult, who is things they say they're against?

The nearest I've found is that is has nothing to do with who trump is or much of his 'policies', but is all about hating the same things he shows hate for - which he seems to do largely because he has pollsters tell him that's what his base wants, however much it's his opinion also. It's not limited to them - Democrats are going to wear rose colored glasses looking at anyone who can defeat trump.
That was a great explanation and it makes perfect sense. Humans like to divide themselves into groups, especially during stressful times. And a lot of people relate to Trump (for whatever reason) and they find out that the other people in group are a lot like themselves. Like attracting like you could say. So both groups, Dems and Trump supporters may lack good reason for what they're doing , but too fucking bad. You can't argue with emotions and you won't as long as the group satisfies your emotional needs.

Great insight. Thanks.
 
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zinfamous

No Lifer
Jul 12, 2006
110,806
29,557
146
Alright, my first experiment in "do what ponyo says."

picked up 100 shares of XPEV @ $21. (oh, $24. saw value shortly after @ $21, damn it, lol.) They keep shutting this down. Is that normal for IPO? I tried to buy yesterday but for same reason, orders never went through and I didn't catch when it was back up.

You better not screw me, ponyo!
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
Alright, my first experiment in "do what ponyo says."

picked up 100 shares of XPEV @ $21.

You better not screw me, ponyo!
lol. Nothing I say is financial advice. I haven't bought XPEV yet. I tried to in my new Charles Schwab account but the system wouldn't let me. I transferred some money in on Tuesday but I guess the funds haven't fully settled even though it's showing cash balance as being available to trade. Based on little info I've seen of Chinese EV makers, I like XPEV the best. They're like tech company more than automaker. They really are copycat Chinese Tesla.
 
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ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
Here's Tesla Daily Rob Maurer discussing XPeng and their IPO. Rob is someone I follow as he's even bigger Tesla bull than I am. It's good to know your competition and I believe Xpeng will provide more competition to Tesla than any established automakers. But Xpeng is going to lose lot of money the next couple of years as they have to go through what Tesla went through for the past 7-10 years. So that means lot of losses and shares being sold to raise money. It won't be easy competing against Tesla.

 
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ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
Here's Tesla Daily Rob Maurer discussing XPeng and their IPO. Rob is someone I follow as he's even bigger Tesla bull than I am. It's good to know your competition and I believe Xpeng will provide more competition to Tesla than any established automakers. But Xpeng is going to lose lot of money the next couple of years as they have to go through what Tesla went through for the past 7-10 years. So that means lot of losses and shares being sold to raise money. It won't be easy competing against Tesla.


The world really needs a Tesla like competitor that focuses on sub $25K electric cars that still have a decent range. (i.e. NOT a Nissan Leaf). Tesla seems to be comfortable sticking with higher-end models right now.

We really haven't seen the electric equivalent of the Model T for the Volkswagon Beetle yet, where the cars are cheap but the automaker makes a fortune by shipping them in volume.
 
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Reactions: zinfamous
Nov 8, 2012
20,828
4,777
146
The world really needs a Tesla like competitor that focuses on sub $25K electric cars that still have a decent range. (i.e. NOT a Nissan Leaf). Tesla seems to be comfortable sticking with higher-end models right now.

I'm still seeing a huge lack of EV SUVs that are generally appealing. Every soccer mom that is "going green" still needs an SUV for their kids and all the crap.

Cars in general (Tesla aside) are just falling altogether. I can't remember if it was Ford/GM or both, but I remember hearing how their standard cars just aren't selling worth a shit, so they had to close down their US plants to outsource it to Mexico for cheaper labor.

SUVs on the otherhand are selling like hotcakes - but the main thing is that SUVs + Pickups in general are just MUUUUUUUUUUUCH higher profit margins.


Not 100% sure if EV pick-up trucks are a good idea or not. Generally the people I see driving pickups aren't exactly the type of people I would expect to not go the gasoline route.
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
@zinfamous, I just joined you and purchased 500 shares of Xpeng at $22.60. I tried to buy another 500 shares to make it even 1,000 shares but the system wouldn't allow me saying the my funds weren't cleared.
 
Reactions: zinfamous

zinfamous

No Lifer
Jul 12, 2006
110,806
29,557
146
@zinfamous, I just joined you and purchased 500 shares of Xpeng at $22.60. I tried to buy another 500 shares to make it even 1,000 shares but the system wouldn't allow me saying the my funds weren't cleared.

we go down in flames together! (you more so, though, perhaps)

I was thinking of picking up more 150-200; but I'm saving whatever available funds I have to buy Tesla crumbs on Monday. :\

I am vaguely contemplating selling off some of my Index shares before the close today in order to have some more cash to do that; but calm me says "no."
 

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
we go down in flames together! (you more so, though, perhaps)

I was thinking of picking up more 150-200; but I'm saving whatever available funds I have to buy Tesla crumbs on Monday. :\

I am vaguely contemplating selling off some of my Index shares before the close today in order to have some more cash to do that; but calm me says "no."
Just be careful. Tesla and EV sector are hot right now which means caution is warranted. Xpeng is not even 1% position for me. So it's extremely small position and tiny hedge for me.

I'm up to my eyeball in Tesla shares and options but will likely be exiting my position entirely on the day TSLA is added to the S&P 500 index.
 

FelixDeCat

Lifer
Aug 4, 2000
29,299
2,097
126
For a minute I stepped back into P&N. I used to hang around there but there is not enough balance. Its basically our CHOP district. Everyone is on the left and Im a on the other side.

Its hard to separate business and politics since they are intertwined. I think if we keep the focus for this thread on politics effect on business, that would seem fair for this thread.

I would say neither candidate is particularly appealing right now. The only thing I pray for is a peaceful election no matter who eventually is declared the winner.
 
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Reactions: IEC

FelixDeCat

Lifer
Aug 4, 2000
29,299
2,097
126
The US tech stock market is worth over 9 Trillion USD, more than ALL of Europe stock markets.


Bubble anyone?

I think money managers new "theory" is since the Fed and government is making the dollar worthless by printing too much currency, all other assets can go up forever. Any asset will do like gold, silver, real estate, stocks, bitcoin, commodities.

Maybe even oil. There was a story that China has been stockpiling cheap oil from the US:


Chinese refiners were opportunistic buyers of crude in March and April, and given the shorter tanker travel time between the Middle East and China, compared to the U.S.-China route, Chinese imports of crude oil from Saudi Arabia slumped as early as in July from the record highs of the previous two months. Meanwhile, the roughly 45-day route from the U.S. to China means that the cheap American crude oil loaded in May started arriving in China en masse in July.

Although now that oil has rebounded, US oil is not so appealing considering its cheaper to import from the Middle East because of delivery cost to China.


Could a correction in stocks happen?! You betcha. Thats normal market function. Like the QQQ's falling from $300 down to $227/240. Ouch!
 
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Charmonium

Diamond Member
May 15, 2015
9,564
2,939
136
I think money managers new "theory" is since the Fed and government is making the dollar worthless by printing too much currency, all other assets can go up forever. Any asset will do like gold, silver, real estate, stocks, bitcoin, commodities.
You're probably right. The same thing happened after 2008, with respect to gold at least, when the fed was stuffing its balance sheet with any piece of shit debt instruments it could buy. And now they're back at it.

For technical reasons I never completely understood, quantitative easing was never an inflation threat because the money ended up in excess bank reserves. Maybe that's what's happening now too - hopefully.

Stock buybacks have also muddied the waters although I think I read that those have declined substantially.
 
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PlanetJosh

Golden Member
May 6, 2013
1,815
143
106
So anyone else check your Apple stock today to see if your brokerage or investment bank has completed the stock split so you now have 4 times as many shares? At about 4 times less the price though of course. Even the stock price is going up today. I bought Apple stock about 5 years ago.

Add to that I bought back AMD at $40 weeks ago, at interday today it hit $90 but to be cautionary the day isn't over yet.
 

ThatsABigOne

Diamond Member
Nov 8, 2010
4,430
23
81
In any economic crisis such as corona induced hysteria, internationally people flock to buy US Dollar to liquidate local currency. That's where some of the sponge theory comes from. That keeps excess money supply in the US from devaluing.
 

Charmonium

Diamond Member
May 15, 2015
9,564
2,939
136
Personally, I don't think landslide is the best way to describe it and would caution against that mentality.
I just wanted to give you some ammo for your position. I get a newsletter from some guy at Bloomberg by the name of John Authers. Here's the link if you want to subscribe. http://link.mail.bloombergbusiness.com/join/4wm/opinion-authers-signup

He's a long time Wall Street guy and has some interesting insights. I'm not sure I would rely much on his advice, but in my opinion, knowing how to analyze situations is more valuable than just the conclusion

The point of the intro is to explain why I can't give you a link to see the article in your browser.

OK, so briefly what he said was that the unrest in Kenosha is being seen as helping Trump. And that's a little strange since the George Floyd incident was seen as helping Biden.

I can't really go into the reasoning since he supports it with various charts. These are from organizations like Real Clear Politics and Predict It. His argument basic argument though is, don't trust the polls. The reason being that those prediction sites I just mention peg the race as being much closer.

Now, just like any other market, these betting markets can be wrong. For example, they didn' t predict a Trump win in 2016. But if people are betting on these outcomes, one would assume they have some skin in the game and might give you a better read than the pollsters.
 
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