Daily Advice Thread - All basic help or advice questions must be posted here. Investing |
- Daily Advice Thread - All basic help or advice questions must be posted here.
- PLTR reaffirms relationship with Greek government and gets a $44M contract for 3 years from FDA
- Tesla up 6% today and up 12% in the last 5 days at $3150 pre split
- Uber abandons self-driving car project and transfers assets to Aurora
- Tesla is raising an additional $5 billion in equity capital
- The Next Tesla: Genetic Therapy Stocks
- 63$ long position on lemonade .should I take my profits ? Or wait for another load ...
- MicroStrategy Announces Proposed Private Offering of $400 Million of Convertible Senior Notes
- Aswath Damodaran calculates the value per share of Airbnb as $47.88
- CRISPR: Are You Not Entertainend?
- For tax purposes, does it matter where your broker is located?
- Airbnb, DoorDash boost price ranges ahead of mega week for IPOs
- Uranium, a great investment opportunity (talking exit strategy and catalysts for 2021)
- Best cruise line right now?
- THCB Insight Into Probability?
- When is immediate or cancelled used as a buying/selling strategy? Why not just limit?
- Bad news for $INTC: $APPL reportedly developing high-end 32-core CPUs and 128-core GPUs
- Why don’t XOM, RDSB, and the other oil majors just install electric stalls at existing gas stations?
- Advice on how to allocate my savings?
- AbCellera Biologics sets terms of IPO, which could value the company at up to $4.5 billion
- Anyone investing in India?
- Best ETF or mutual fund investing (high reward potential even with high risk) to put $5000 spare money towards?
- Cathie Wood and Jim Chanos both think there will be a market correction soon. Is anyone else paying attention to this?
- Nikei 225 historical data
- KODAK is up over 56% this morning ... is it justified.
| Daily Advice Thread - All basic help or advice questions must be posted here. Posted: 07 Dec 2020 04:16 AM PST If your question is "I have $10,000, what do I do?" or other "advice for my personal situation" questions. If you are going to ask how to invest you should include relevant information, such as the following:
Please consider consulting our FAQ first - https://www.reddit.com/r/investing/wiki/faq Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! [link] [comments]  |
| PLTR reaffirms relationship with Greek government and gets a $44M contract for 3 years from FDA Posted: 07 Dec 2020 09:15 AM PST 1. Alex Karp, the co-founder and CEO of Palantir Technologies (NYSE:PLTR), spoke via teleconference on December 3 with Greek Prime Minister Kyriakos Mitsotakis about Palantir's ever-expanding partnership with the government of Greece to support their COVID-19 response efforts. Dr. Karp and Prime Minister Mitsotakis were joined by Palantir Executive Josh Harris and Kyriakos Pierrakakis, Minister of Digital Governance of Greece, to explore new ways to keep Greece ahead of the curve with their public health response. Since the start of the pandemic, Palantir has worked with the Greek government to help enable data-driven decision-making in the context of the COVID-19 pandemic response. The government is leveraging Palantir's Foundry software platform on top of Amazon Web Services infrastructure to deliver COVID-19 response workflows to government officials responding to the pandemic. Of particular value has been the deployment of a crisis-control center dashboard for the Prime Minister, which displays a holistic overview of the state of the COVID-19 pandemic in Greece in real time. "Our partnership with the Greek government was borne out of necessity once the pandemic began," said Alex Karp, co-founder and CEO of Palantir Technologies. "We have readily played a key role in their COVID-19 response effort, which from our experience has been one of the best in the world, and we look forward to broadening this partnership for years to come." The Ministry of Digital Governance, leading Greece's rapid digital transformation, played a pivotal role in facilitating the partnership swiftly, enabling top decision makers to start generating actionable insights within a matter of days. As the pandemic continues to evolve, Palantir will deliver advanced integration and analytic capabilities to a range of government initiatives, to enable data-driven decision-making. 2. Palantir (NYSE: PLTR) won a deal with the FDA to help power drug reviews and inspections, according to a report from Bloomberg. The three-year deal is worth $44.4 million and will allow the FDA's Center from Drug Evaluation and Research and the Oncology Center of Excellence to use Palantir software in integrate and analyze data. The software will help the agency approve drugs and monitory safety. [link] [comments]  |
| Tesla up 6% today and up 12% in the last 5 days at $3150 pre split Posted: 07 Dec 2020 10:58 AM PST Its currently around $2750 pre split fyi. Over the last 3 months there were endless discussion and a analysis suggesting that the tesla bubble was going to pop anytime now. It appears that tesla is going to be permanently viewed as a ~400B company at minimum going forward. There is a belief that tesla will hit ~$720 around the time of the official S&P inclusion. For bulls and bears, what are your thoughts on the stock. [link] [comments]  |
| Uber abandons self-driving car project and transfers assets to Aurora Posted: 07 Dec 2020 01:15 PM PST How is this company going to survive without its own viable self-driving project? My understanding of the long-term probability of profitability would eventually be a taxi fleet through self-driving cars but the likelihood that this would lower costs by not employing drivers is now a dream. Renting or purchasing self-driving vehicles for use will carry its own cost once self-driving cars become more of a reality and I don't see Uber as a viable company in the medium term. The sustainability of hiring drivers is low given the higher probability of regulatory pressure going forward. California was the first step and even though it failed, regulatory pressure will continue to mount for Uber and Lyft. A company that makes no money and hinges on the idea that it will eventually make money once it develops self-driving cars decides to scrap the idea. [link] [comments]  |
| Tesla is raising an additional $5 billion in equity capital Posted: 08 Dec 2020 03:25 AM PST https://www.sec.gov/Archives/edgar/data/1318605/000119312520312194/d60067d8k.htm
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| The Next Tesla: Genetic Therapy Stocks Posted: 07 Dec 2020 09:28 PM PST Why am I relating genetic therapy stocks to an electric vehicle manufacturer? Tesla is not an ordinary stock, it's price is based on our societies values (We WANT electric self driving cars). Stocks like CRSP, EDIT, NTLA, all develop genetic therapies to change our DNA. They have already done amazing work: curing genetic blindness, promising looking sick cell anemia cures. The USA director of national intelligence just rumored that China is testing genetic therapies to improve their soldiers, calling them "super soldiers." Genetic therapy may disrupt an 800 billion dollar beauty industry and possibly become a front in a Cold War between USA and China. This is the future. Buy and do not sell is my advice. Do your own research too. There are other companies besides the 3 I mentioned here that could also do very well. [link] [comments]  |
| 63$ long position on lemonade .should I take my profits ? Or wait for another load ... Posted: 08 Dec 2020 03:22 AM PST Right now it's on 90s i bought it when it was 63 . It's touched the 99.99 and then dip a bit ,but right now 90s/80s looking stable ...of course I can hope for additional load up but the question is "should I ? " I mean right now pretty nice profit ,and believe it can up even more but I'm not sure . Please if u think to hold/sell explain why ...no spam .. [link] [comments]  |
| MicroStrategy Announces Proposed Private Offering of $400 Million of Convertible Senior Notes Posted: 07 Dec 2020 02:32 PM PST https://www.businesswire.com/news/home/20201207005918/en/ TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) ("MicroStrategy") today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of convertible senior notes due 2025 (the "notes") in a private offering to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $60 million aggregate principal amount of the notes. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed. MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending the identification of working capital needs and other general corporate purposes. => This is after Michael Saylor the CEO of the company announced on Friday having purchased another 2,574 bitcoins for $50.0 million in cash, bringing their total balance to 40,824 bitcoins. So far their $475M total Bitcoin purchase is worth ~$780M. [link] [comments]  |
| Aswath Damodaran calculates the value per share of Airbnb as $47.88 Posted: 07 Dec 2020 04:19 AM PST Airbnb IPO Valuation by Aswath Damodaran Dec 2020 Airbnb has brought the sharing economy to housing, connecting home owners (hosts) who own units or houses that they want to rent with renters (guests) online, collecting a percentage of the transaction revenues from both sides of the transaction. Its low capital intensity model and extended reach has allowed it to expand not only to expand to almost every part of the world (220 countries) but also provide an unmatched range of offerings. The growth in gross bookings has started to slow down, as the company gets bigger, and the COVID shut downs made 2020 a regressive year. That said, as its competitors in the hotel business have been damaged far more by the crisis, Airbnb will be able to recover quickly from the crisis, and continue on its growth path. Economies of scale will allow for only mild improvements in revenues as a % of gross billings, but the brokerage-based business will generate high margins, in steady state, and require relatively little reinvestment. Source tweet with all the numbers used in the analysis: https://mobile.twitter.com/AswathDamodaran/status/1334356017820311556 [link] [comments]  |
| CRISPR: Are You Not Entertainend? Posted: 07 Dec 2020 01:46 PM PST After the fantastic news of this weekend "CRISPR-Cas9 gene editing successful for a patient with Sickle Cell Disease and another patient with transfusion dependent β-Thalassemia - More than a year later, both patients had clinically improved and no longer needed blood transfusions. (NEJM, 5 Dec 2020)" all CRISPR stocks booked new ATH's with the exception of EDITAS medicine which is at a 52week high. Early innings for a Trillion dollar market... $CRSP ATH: https://www.reddit.com/r/CrisprTherapeutics/comments/k8pmvo/crsp_at_ath_071220/ $NTLA ATH: https://www.reddit.com/r/IntelliaTherapeutics/comments/k8pl2p/ntla_at_ath_071220/ $BEAM ATH: https://www.reddit.com/r/BeamTherapeutics/comments/k8pq62/beam_at_ath_071220/ $EDIT 52week high: https://www.reddit.com/r/EditasMedicine/comments/k8pjsw/edit_at_52week_high/ Introduction to CRISPR: Video: https://www.youtube.com/watch?v=jAhjPd4uNFY&ab_channel=Kurzgesagt%E2%80%93InaNutshell Article I posted on wsb 6 months ago: https://www.reddit.com/r/wallstreetbets/comments/gk6up7/crispr_introduction_ntla_crsp_edit_beam/ [link] [comments]  |
| For tax purposes, does it matter where your broker is located? Posted: 08 Dec 2020 01:03 AM PST Hi When investing in individual stocks and ETFs, does it matter for your own taxes where the online broker you use has their domicile? Would be good to know if this is a factor to consider when choosing a stock broker since there's a lot of different alternatives in many different countries. I would assume the answer is no. I'd assume the only factors that matters for your own taxes is where your tax residency is and where the stock and ETFs has their domicile making the domicile of the online broker irrelevant for your own taxes? [link] [comments]  |
| Airbnb, DoorDash boost price ranges ahead of mega week for IPOs Posted: 07 Dec 2020 05:52 AM PST source: https://www.bnnbloomberg.ca/airbnb-doordash-boost-price-ranges-ahead-of-mega-week-for-ipos-1.1532713 December is set to be the busiest year-end on record for initial public offerings in the U.S., with DoorDash Inc. and Airbnb Inc. ready to start trading this week in long-awaited listings. The two startups, which are aiming to raise a combined US$6.2 billion at the top-end of their price ranges, will propel the month's IPO volume to all-time high, surpassing the US$8.3 billion mark set in December of both 2001 and 2003, according to data compiled by Bloomberg. IPOs on U.S. exchanges have already raised a record US$156 billion this year, the data show. Both listings got an additional boost as the companies headed into the final stretch of marketing their shares. DoorDash upped the price range for its stock in a Friday filing, while Airbnb is planning to follow suit and increase its price range ahead of its IPO, people familiar with the matter said Sunday. The companies are now each expected to raise as much as US$3.1 billion, putting them among the top five biggest U.S. IPOs of 2020. Private companies that sat out the market chaos in the early days of the COVID-19 pandemic -- and were awaiting a final outcome in the U.S. election -- are now rushing to go public. Airbnb and DoorDash will quickly be followed by three other mega-listings that could add billions of dollars to the IPO tally. Also on deck to go public this month are Affirm Holdings Inc., which lets online shoppers pay for purchases such as Peloton bikes in installments, online video-game company Roblox Corp. and ContextLogic Inc., the parent of discount online retailer Wish. Each is likely to attain a valuation of tens of billions of dollars in its listing. "This group of companies that you have coming out now maybe weren't thought of initially as benefiting, but they've been able to show very strong results despite the coronavirus," said Karen Snow, head of East Coast listings at Nasdaq Inc. Airbnb is aiming to be valued at as much as US$42 billion in its IPO, while DoorDash could hit a valuation of about US$35 billion, based on their updated price ranges. For DoorDash, that's more than double the private valuation it hit in a June fundraising round, after it seized on the pandemic-fueled boom in demand for meals brought to your door. Airbnb had been valued at US$18 billion in April after raising additional debt to shore up its finances. The company, which was initially hit hard by global travel restrictions, has more recently seen a boom in customers seeking longer-term, domestic rentals. Airbnb's IPO will also be a lucrative event for many of its employees. The company has offered billions of dollars worth of stock compensation to staff, similar to Uber Technologies Inc. and other large venture-backed companies that have gone public. The IPO will make some of its longtime employees millionaires on paper. Time and Cash Earlier this year, technology IPOs were dominated by enterprise software companies such as Snowflake Inc., which has soared more than 200 per cent since its listing to a US$110 billion public market valuation. This month's cluster of soon-to-be public entities -- all based in the San Francisco Bay Area -- cater to consumers stuck at home with extra time and cash on their hands. Should the listings go well, it could signal investors are optimistic about an economic rebound after the dark days of the pandemic. "There's a lot of support and interest from institutional investors for companies that are impacted by COVID because the feeling is that they will recover," said Neil Kell, Bank of America Corp.'s vice chairman of global equity capital markets. "The mindset is not that we're in December of 2020," he said. "The mindset is how is it going to look a year from now." One enterprise software listing is also planned for this week. C3.ai Inc., founded by former Oracle Corp. executive Tom Siebel, is expected to raise as much as US$527 million in its IPO. Gauging Demand Bankers are using new methods to execute these large share sales, incorporating technology under development for years that was well-timed for use during the pandemic, when potential buyers can't meet the company executives and advisers in person. Airbnb, DoorDash and Roblox have asked prospective IPO investors to fill in their deal orders via an online portal, indicating their level of interest at any desired price, according to people with knowledge of the matter, who asked not to be identified because the details are private. The new process is aimed at helping issuers and their advisers gauge demand, especially for high-growth companies subject to wide differences in valuation among investors, the people said. The final price and share allocation are still determined by the seller. Representatives for the companies declined to comment. Unity Software Inc., used the same system in its September IPO. Unity sold its shares for $52 each and ended its first day of trading at US$68.35. The shares closed Friday at US$150.94 apiece. [link] [comments]  |
| Uranium, a great investment opportunity (talking exit strategy and catalysts for 2021) Posted: 07 Dec 2020 05:53 AM PST So, you have made it through paragraph after paragraph of me talking about the uranium bull market, reasons why we need nuclear power, what will drive this market and what companies I feel like are best positioned to take advantage of it (if you haven't, I would advice reading them and the comments below each post to get an answer to any question you might have). Perhaps you may have decided to invest, so now what? General consensus is that when investing, it is best to invest for the long term. This could mean anywhere from 10, 20, 30 or the rest of your life in years, depending on what your goal is. This is not the case with uranium however. Yes I do bet on nuclear power being one of the most important solutions to climate change and yes I believe we will expand on it in a big way in the coming decade with next generation power plants and small modular reactors, but that is not how you want to invest in this market. The uranium market is cyclical and it should be treated as such, so how do we recognize the patterns and know when to get in or out? See, a cycle seems to be triggered when nuclear power utilities have to come into the market to sign new long term contracts with the suppliers of uranium, which is called a contracting cycle. Most contracts run for around 10 years, some longer and some shorter, but all long term. This causes a big increase in demand for uranium, because a lot of utilities are out of contract in 2021 and 2022 after they signed contracts during the last contracting cycle roughly 10 years ago. These utilities also cannot afford to be picky anymore, it has become a sellers' market. The supply deficit has caused it to become a 'take what you can get, no matter the price' situation and with fuel only consisting of around 5% of the total cost to run a nuclear power plant, these utilities will contract at whatever price it takes to secure supply for the long term. The combination of this contracting cycle, a severe impact on production in 2020 and 2021 due to COVID-19, the lack of companies currently producing, the great reduction of mobile supply globally, the Q1 2021 closing of 2 major uranium mines, no expansion at Olympic Dam and the increasing demand of new reactors coming online will all come together to make a quite ridiculously convincing bull case in my view. Even the most skeptical people in the sector, those that try their hardest to dampen expectations, are astounded at how all these different catalysts have come together within the same time frame to form the case for this uranium bull market. Now, when do you actually sell your investments once we are fully into this bull market? It takes months upon months to negotiate and sign new long term contracts and it is not like all utilities will come to the market at the same time. With the biggest amount being out of contract somewhere in the next 2 years, they will start negotiating around that timeframe or a bit earlier than that. This bull market will come back down like the cyclical industry that it is when demand is mostly satisfied with these long term contracts and when new and old mines are brought back and the supply deficit shrinks, at least that is the general consensus of what will happen. Knowing this, I would think this bull market lasts somewhere into 2025, but the peak might be a bit earlier when everyone is scrambling for supply and the price per pound rises like it did in the previous bull market. When/if this price reaches roughly triple digits, is when you start selling out of your position. Do not do it all at once, as no one can predict the market, but start trimming your positions around that time. Selling into strength is your best bet here. Between 2004 and 2007, the price of uranium had to go up to around 50 dollars to incentivize new mining. It way overshot into triple digit territory due to a variety of reasons (mine floods, hedge fund buying, etc.) and came back down quickly after that. It could overshoot massively this time as well, but nobody knows if or when that might happen, so selling parts of your position around this time to lock in some gains is advisable. Remember, no one ever went broke taking a profit. Best of luck to all of you. All statistics on long term contracting, increased demand, price action and more can be found in this presentation by Mike Alkin and Sachem Cove. It will visualize everything I have talked about in this and previous posts: https://m.box.com/shared_item/https%3A%2F%2Fapp.box.com%2Fs%2Fogo9v4k2uvi2ko5yi4cdl4wcdwko3ana [link] [comments]  |
| Posted: 07 Dec 2020 04:47 PM PST I think we could expect a travel boom just in time for spring break/summer since people are already starting to get vaccinated and after a year stuck at home I feel like the demand for travel will be huge, I was thinking of investing in a cruise line given that their prices are still low and I think they will easily match their Pre covid prices soon. I'm planning to go long but which cruise line should I pick, Carnival, Royal Caribbean or Norwegian? My first thought was to go for carnival since they also own hotels and other travelling destinations. Let me know your thoughts [link] [comments]  |
| THCB Insight Into Probability? Posted: 07 Dec 2020 12:25 PM PST Hey guys I have decided to put some amount of cash into THCB after doing my DD and the potential merge that could occur. I am pretty confident it will occur but I am not sure if it is already completely baked into the stock. There have been a lot of confident folks on other forums, so I am wondering what your guys thoughts are on the probability, thanks! [link] [comments]  |
| When is immediate or cancelled used as a buying/selling strategy? Why not just limit? Posted: 08 Dec 2020 04:07 AM PST As the title says, I've been making market and limit orders and collecting $500 here and there. Now that "I got the hang of it" see the other buttons and knobs. I understand the definition they are giving me but when do you use non -market or limit trading shoes? You can even push me off to a good resource if you have one. Thanks. I'm trying to find a little more info on the less used buying types and what motivates people to use those types. [link] [comments]  |
| Bad news for $INTC: $APPL reportedly developing high-end 32-core CPUs and 128-core GPUs Posted: 07 Dec 2020 11:49 AM PST Last month Apple introduced its M1 chip featuring four high-performance and four high-efficiency cores paired with up to 8 graphics cores. This silicon is used by three products: MacBook Air, MacBookPro, and Mac Mini. Apple is slowly shifting its product stack away from x86 architecture which relied on Intel-supplied processors and will continue to do so till replacements are ready. [link] [comments]  |
| Why don’t XOM, RDSB, and the other oil majors just install electric stalls at existing gas stations? Posted: 07 Dec 2020 06:06 AM PST I'm buying into big oil pretty heavily at the moment (different topic, but I'm pretty bullish for 2021 prices). However, I'm surprised that I don't hear management discuss installing electric stalls at existing gas stations. These companies already own real estate everywhere and operate gas stations in places that would be unattainable for some of these smaller start ups. It would help protect them better against the coming electric car wave while simultaneously earnings them some brownie points with the environmentally conscious firms. Why isn't this something they are doing? And, what are your thoughts on oil in the short term as people return back to work/travel, coupled with potential supply constraints coming from the shale patch? [link] [comments]  |
| Advice on how to allocate my savings? Posted: 08 Dec 2020 12:46 AM PST Hello guys, I've been browsing on this subreddit for a few days now as I really want to start doing something with the money I have saved. I'm 29yr old, I have £32,000 saved and in the bank, however I have a few things Im not sure about if I should start investing because of.
So really my question is, is there much point in me investing yet, if I could get rid of some of this debt with my savings? Just an FYI if I did invest, I'd be able to out a lump sum of what I have saved of course, and about £4k/£5k annually from my salary. [link] [comments]  |
| AbCellera Biologics sets terms of IPO, which could value the company at up to $4.5 billion Posted: 07 Dec 2020 12:08 PM PST Source (MarketWatch) "AbCellera Biologics Inc. ABCL, said Monday that terms of its initial public offering have been set, which could value the artificial intelligence (AI)-powered drug discovery company at up to $4.52 billion. The Vancouver-based company, which is working with Eli Lilly & Co. LLY, -0.98% on a COVID-19 therapy, said it is offering 23 million shares in the IPO, which is expected to price between $14 and $17 a share, which means the company could raise as much as $391 million. The company expects to have 265.95 million shares outstanding after the IPO. The shares are expected to list on the Nasdaq under the ticker symbol "ABCL." Credit Suisse, Stifel, Berenberg, SVG Leerink and BMO Capital Markets are the underwriters. For the nine months ended Sept. 30, the company reported net income of $1.9 million on revenue of $25.2 million, after a loss of about $570,000 on revenue of $8.4 million in the same period a year ago. The company is looking to go public at a time that the Renaissance IPO ETF IPO, +1.15% has hiked up 38.0% over the past three months while the S&P 500 SPX, -0.36% has gained 7.9%." Kindly reminder that Peter Thiel, the co-founder of Palantir, has a seat at the Board of Directors at AbCellera.
EDIT: IPO is planned for the 11th of December 2020. [link] [comments]  |
| Posted: 07 Dec 2020 06:44 AM PST I had posted a while back about investing in Indian stocks. I own INDF and WAINX. Anyone else out there looking at India? It seems that the market is doing quite well but there doesn't seem to be a lot of focus on it. What are you buying/selling? My rationale for INDF and WAINX is that both have big holdings in Indian financials which were left behind in the global rally until recently. These companies still grew deposits which they should be able to deploy into loan growth as the economy re-opens. Valuations seem in-line with the historical average multiple at this point which is rare to find in the US. But if there are any other sectors that I should be looking at, please advise. Thank you. [link] [comments]  |
| Posted: 08 Dec 2020 12:33 AM PST I have $5000 in my Schwab brokerage account that has been sitting there for months. I kept waiting until the right time to invest that money but missed some good entry points after large selloffs and never acted on it yet. I am open to investing into a high risk but high reward type mutual fund/ETF for this spare money. Any recommendations? I can not buy an individual stock due to some compliance approvals and all that paperwork needed at my place of employment. [link] [comments]  |
| Posted: 07 Dec 2020 10:07 AM PST I was doing some light youtubing yesterday and watched these two vids which stood out to me. Obviously Jim Chanos being a short-seller is always looking for market corrections but the interesting thing is how much of his portoflio is now based on fraud. (Link to his vid - https://www.youtube.com/watch?v=aDrtvFfw-pw&ab_channel=BloombergMarketsandFinance) Cathie Wood, typically very optimistic (and still is in most of this vid), mentions she believes a brief market correction is quite possible. "...wouldn't be surprised to see some sort of correction after this seasonally strong period that we're in." (Linked and time stamped to context - http://www.youtube.com/watch?v=WCBUhQ6jJoM&t=15m30s) I am in between FOMO and "just buy good and hold" - I personally feel like a correction will happen. I tend to agree with Wood on a few things and what Chanos is describing is a little scary since if he's right and there's a tipping point with investors loosing faith due to corruption it could have somewhat of a snowball effect. I could definitely see fraud companies going down, taking weak companies with them and having a reorganization for high valued tech before strong companies bounce back (and probably hard). Anyways just looking for other thoughts. I'm not screaming P/E P/E! tech tech this and that, but the market has been strong and the fraud stuff feels a little like a tipping point may come about. [link] [comments]  |
| Posted: 07 Dec 2020 12:39 PM PST Hi All ! I've been trying to find historical data of Nikei 225 for time span from 1960 to 1970. However so far I was only partially successful, cause most website have close prices for that period, no open, high or low. Has any of you ever met full data online or can point in direction where to look for it ? [link] [comments]  |
| KODAK is up over 56% this morning ... is it justified. Posted: 07 Dec 2020 08:40 AM PST As stated in this article - https://finance.yahoo.com/m/0b800918-54fa-3e94-8e6b-731c8288d74f/why-eastman-kodak-stock.html Investors are cheering results of the partial investigation finding no wrongdoing on the part of the government agency that awarded the contract. But the fact remains that Kodak never received the loan and may never will ... so what justifies this move of a formally $2 stock? [link] [comments]  |
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