Daily Discussion - Main Discussion thread

Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,459
    Likes Received:
    3,738
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,459
    Likes Received:
    3,738
    Big caps continue to march higher, IWM down 1% for the day though
     
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,554
    Likes Received:
    2,787
    stock1234 likes this.
  4. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    Well, I am back in the game. I cashed out about 50% of my crypto-assets, only holding onto my ETH position of about 250$.

    With the funds cashed out, I put a little back into the stock market. Today's Buys. TSLA @649.98$, SPCE @30.77$, BAC @38.02, and BFLY @11.10$
     
  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,459
    Likes Received:
    3,738
    Good point, I did see a lot of mom & pop restaurants went out of business during this pandemic. I am still waiting to make my first visit to Chipotle when I have a chance, very curious if their burritos are actually good :D Guess most of you have visited Chipotle before
     
  6. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    I used to love Chipotle. Used to go there 3 times a week. But it seems like over the last 10 years they product has gotten smaller and smaller.

    Back in the day, Chipotle was known for their massive, delicious burritos. Now they are more known for their quality ingredients and social messages.

    I still like Chipotle and eat there once or twice a month but it has certainly gone down hill since being purchased by McDonalds.
     
    stock1234 likes this.
  7. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    Wish I could figure out why TAL stock just dropped 50% during off-hours trading... and has tanked over the last several months in general

    Great growth up until April and then BAM... sudden tanking

    Anyone have any insight into TAL Education Group?
     
  8. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    Looks like BIDU is in a similar boat. These Chinese stocks getting crushed lately. Some.

    BIDU could be the better buy at 175$, down from 300$ back in March.....

    How do you guys feel about BIDU?
     
  9. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    907
    Likes Received:
    609
  10. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,554
    Likes Received:
    2,787
    TAL and EDU are both getting crushed after being murdered back in March/April. China said they're considering making these tutoring companies into non-profits (didn't know such a thing existed in China).

    I don't really like any Chinese company because I'm considering there may be a war with China in a few years.
     
  11. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    907
    Likes Received:
    609
    that's a very unnerving suggestion. lord help us!
     
  12. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    Thank you. I was able to find out a bit more too once some updates came out this morning regarding the 50%+ drop in after-hours. China considering banning all after-school and weekend tutoring or something also... Weird.

    TAL is down to 6$. Crazy. I might have to roll the dice.
     
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,459
    Likes Received:
    3,738
    Chinese stocks are pretty much no touch for me right now except for the real big ones like BABA, JD and TCEHY. Still holding BILI since I got in low enough and it is a popular platform in China. EV stocks like NIO, XPEV and LI should be relatively safer too since I highly doubt the Chinese government will go after the EV sector but yeah most of those smaller companies aren’t investable at least for the near term
     
  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,459
    Likes Received:
    3,738
    You think we are going to a war with China because of Taiwan or something? Just curious ;)
     
  15. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    A war with China would be devastating for both countries and quite frankly the entire world.

    I would never rule it out. Especially with the amount of money we owe them.

    Will COVID-19 kick it all off? Will the U.S Gov't and media "find," evidence to support that this was actually an act of bio-terrorism unleashed by the Chinese Govt. Will that be enough of a reason to band the entire world to go against China (except probably Russia)
     
    stock1234 likes this.
  16. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,554
    Likes Received:
    2,787
    I was just thinking about what could cause a prolonged bear market, I'm talking about a few years.
    A big war seemed like one possibility to me. And well, if we're going to have a war with anyone, China is near the top of the list. Intravention on the part of Taiwan is on the table, IF China tries to take it over.
    I'm not coming with some kind of inside info on geopolitics, was just thinking about what could cause a years-long bear market.

    I don't think it'll happen in the next year, for the record. BABA may be a good performer in the short term. And if there's no China war then you don't need to worry about that.
    [​IMG]
     
    stock1234 and bearmarketcrash like this.
  17. bearmarketcrash

    bearmarketcrash Active Member

    Joined:
    Feb 8, 2021
    Messages:
    187
    Likes Received:
    183
    pretty busy week ahead for ERs this coming week, and i think hood (robinhood) ipo's on monday. ercal1.png
     
    T0rm3nted and stock1234 like this.
  18. ddebrazza

    ddebrazza Active Member

    Joined:
    Jun 23, 2021
    Messages:
    302
    Likes Received:
    61
    I think BABA is a slam dunk at its current price. It was around 205-210$ last I looked, it is easily a 300$ stock.

    I could see the US going to war under Biden. The Dems love murder in the name of Democracy.
     
  19. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,887
    Likes Received:
    3,150
    Interesting strategy, but if they are planning on making their own games, that can take years!

    Making a quality AAA game can be 5-8yrs in the making.

    If they want to spit out some sort of cheap, quick and simple experiences.. they risk pissing off gamers if the games are junk and that is one demographic they need to be careful not to anger.
     
    stock1234 likes this.
  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    4,459
    Likes Received:
    3,738
    I took a shot at BABA again today. Could be more bad news coming for these Chinese tech sector but a lot of negativity should be priced into the stock already.
     

Share This Page