Stock Market/Investing/Day Trading/Speculative Trading Thread

[Toe]

@God is a Husker How about this for perspective: At its peak, Enron had a total market cap of about $70 billion, so Alibaba has lost about five Enrons.

Alibaba Has Lost $344 Billion in World's Biggest Wipeout

(Bloomberg) -- Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma...

finance.yahoo.com

 

[God is a Husker]

@God is a Husker How about this for perspective: At its peak, Enron had a total market cap of about $70 billion, so Alibaba has lost about five Enrons.

Alibaba Has Lost $344 Billion in World's Biggest Wipeout

(Bloomberg) -- Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma...

finance.yahoo.com

Alibaba is also a great lesson that it doesn’t matter who you are, if you live in China and the Party wants you to disappear… you gone.

 

[Faux Sean Callahan]

Alibaba is also a great lesson that it doesn’t matter who you are, if you live in China and the Party wants you to disappear… you gone.

Big reason why I don't like international investing. I'm very selective if I ever go international. Frankly I'll use an active manager because they are worth it.

The last 15 ish years all international investing has done is increase volatility without the appropriate return.

 

[God is a Husker]

Big reason why I don't like international investing. I'm very selective if I ever go international. Frankly I'll use an active manager because they are worth it.

The last 15 ish years all international investing has done is increase volatility without the appropriate return.

India is the same way.

We know some Indians (not relatives) that have made millions on what can only be described as insider trading.


Ive talked about my FIL’s former sketchy Indian investing before but tons of Indians still do it and don’t understand/care that it’s almost certainly illegal. Like a savings account that has a 25-50% guaranteed interest rate… like bruh best case the Mumbai mafia owns the bank and is washing money or worst case it’s a Ponzi scheme.

 

[God is a Husker]

https://www.nytimes.com/2021/10/27/us/politics/democrats-rush-rewrite-tax-code.html?smid=tw-share

 

[LoudHogRider]

https://www.nytimes.com/2021/10/27/us/politics/democrats-rush-rewrite-tax-code.html?smid=tw-share

Mrs. LHR has Fox Business on 24x7x365. Varney just dropped the Democratic "talking points" (they're calling it a platform as there's no actual language behind it ... yet), and it's 1.7 Trillion dollars over a 10 year period. $400B to beef up the IRS - OMFG - and another $500B+ for green energy initiatives. They've tossed in some child care and hearing benefit coverage within Medicare to try to get the soccer moms and AARP crowd on board, but holy mother of Titleist golf balls, that's a lotta money.

 

[Faux Sean Callahan]

Mrs. LHR has Fox Business on 24x7x365. Varney just dropped the Democratic "talking points" (they're calling it a platform as there's no actual language behind it ... yet), and it's 1.7 Trillion dollars over a 10 year period. $400B to beef up the IRS - OMFG - and another $500B+ for green energy initiatives. They've tossed in some child care and hearing benefit coverage within Medicare to try to get the soccer moms and AARP crowd on board, but holy mother of Titleist golf balls, that's a lotta money.

1 trillion seconds is 31,710 years

Everybody should know that before they say "x trillion dollars isn't a lot of money "

 

[Faux Sean Callahan]

 

[God is a Husker]

View attachment 5294

Feels like forever ago I said I was close to my sell number


Let’s go USA USA USA

 

[Faux Sean Callahan]

Feels like forever ago I said I was close to my sell number


Let’s go USA USA USA

I bought at $4. Trimmed at about $12 and just letting the profits run.

I really like the new CEO.

 

[God is a Husker]

I bought at $4. Trimmed at about $12 and just letting the profits run.

I really like the new CEO.

I think I’m gonna hold my Ford and US Steel (and NMG) until they pass whatever Frankenstein bill they are gonna pass. I feel like at a minimum 1 or 2 of those positions will rise due to the spending.


(Also still long on Nelnet for ultra safe, I’m not even gonna think about selling that until 2022 after the Dems finally announce what they will/won’t do regarding student loans)

 

[Faux Sean Callahan]

My prediction for tomorrow.......

 

[Savedatmoney]

My prediction for tomorrow.......

Might as well start Saturdays pain early

 

[Toe]

My prediction for tomorrow.......

I finished up on the day. Your market timing predictions seem a bit suspect, Faux. 🤔

 

[LoudHogRider]

I finished up on the day. Your market timing predictions seem a bit suspect, Faux. 🤔

Same. Clawed back for a minor "up" for the day, but it was in fact an "up" and I'll take all of those I can get, large & small. October was a MUCH better month for Clan LHR than September was. Fuck that month - twas baaaaad.

 

[Toe]

Bottom for me was Oct 11th. Think I've only had two down days since then, though. So yeah, like I said at the beginning of September, good time to buy the dip. 🙂

 

[God is a Husker]

How bad is it if this is what NBC’s poll shows?

 

[Cash68847]

How bad is it if this is what NBC’s poll shows?

The guy did shit his pants at the Vatican. What else would you expect?

 

[God is a Husker]

The guy did shit his pants at the Vatican. What else would you expect?

I tweeted at POTUS to not feel bad cuz my son did it too. Sometimes playas fuck up.


Hope Joe saw it. We need him to be better.

 

[God is a Husker]