The Business/Finance/Economics Thread | Page 26 | Vital Football

The Business/Finance/Economics Thread

The Fear

A Wise Man (once sat next to him)
It's takes a while to get everything set up for an IPO. They would have started the process while the market was hot but it's gone cold very fast.

It seems to me like the markets want to crash but the recovery stocks are holding and the prospect of more stimulus, Biden's infrastructure bill and a new roaring 20s means that overall the markets are holding waiting for something big to move them.
Think some big investors have shunned it because of the 'gig economy' business model, (lack of decent pay for delivery drivers... the one saying at some point they will have to be paid better and as the company isn't profit making yet, that will hamper) but also apparently they have limited voting rights on the shares.

Still, the owner has made £26m from it, despite a 26% drop so not too shabby!

And some of the drivers get a £600 bonus.
 

CDX_EIRE

Vital Football Hero
The only negative opinion I've seen of her is that she is a hype machine and that her funds' performance is just a reflection of how much money she pumped into certain stocks. She set up a space fund that has Netflix in it?

Perhaps they are just jealous that she's making so much in fees?
She's half a couk tbf that's why I pulled my money from ARKG and also I just don't feel comfortable owning indexes and ETFs. I don't know why haha.

https://www.jesuscalling.com/podcas...gods-children-victoria-damone-catherine-wood/

So I was born with the gift of faith. I really do believe that. It has come very easily to me, though it has evolved and deepened over the years. And as a child, I think I did start to develop a relationship with God, the Father, and Jesus, our Redeemer.

“I would kneel down and say, ‘Okay, God, You’re in control. Even if this company fails, I know I’ve done the right thing. This is a walk of faith for me. Your will be done.’” – Catherine Wood

I think this is where she is getting her conviction from and actually its why its so successful. However at the same time that fills me with a little fear because unless she hears God tell her to adapt to the market she might just power thru with a false belief.

I don't care about her faith, I have some faith myself but I can be real and say if God isn't saving people from COVID he isn't going to save a company in a downturn.
 

BodyButter

Vital Football Legend
I put some money into Discovery (DISCA) thinking the worst had passed and that it was going cheap. The Credit Suisse decided to dump even more of Bill Hwang's trash onto the market after hours last night.
 

CDX_EIRE

Vital Football Hero
I put some money into Discovery (DISCA) thinking the worst had passed and that it was going cheap. The Credit Suisse decided to dump even more of Bill Hwang's trash onto the market after hours last night.
I have the same issue with SKLZ, I've read that they might creating a short squeeze though. 35% of the float is shorted, any good news for the company and the shorts are at risk. I am playing for the long term with this one but conditions are ripe for a $GME/$RKT situation if there is a catalyst.

$COIN list directly today, will be interesting to see what happens. Current open price is $250 will probably open at $500
 

danvilla2

Vital Football Legend
No interest in cannabis stocks for me BB personally, I aim for more established business but that’s personal preference.

Any of you buying into Alibaba? Share price took a tumble due a huge anti competition fine, I put a large order to buy but the share price jumped back above my limit. Still lower than it was, but it’s just too big a business to understand scale and with it being China, not the best info so it feels like pure speculation to invest in them.
 

BodyButter

Vital Football Legend
No interest in cannabis stocks for me BB personally, I aim for more established business but that’s personal preference.

Any of you buying into Alibaba? Share price took a tumble due a huge anti competition fine, I put a large order to buy but the share price jumped back above my limit. Still lower than it was, but it’s just too big a business to understand scale and with it being China, not the best info so it feels like pure speculation to invest in them.
I don't think I'd buy any Chinese stocks. There are a lot of shenanigans going on over there.

Baba has fallen foul of the CCP. If that fine is the end of the matter, it mightn't be a bad buy but you'd want to be sure that's the end of it.
 

BodyButter

Vital Football Legend
@danvilla2 There is a short seller called Muddy Waters. They specialise in shorting Chinese companies. They often publish short reports. It's worth taking a look at what they have to say if you are still interested in BABA.

*I don't think BABA is a scam.
 

danvilla2

Vital Football Legend
@danvilla2 There is a short seller called Muddy Waters. They specialise in shorting Chinese companies. They often publish short reports. It's worth taking a look at what they have to say if you are still interested in BABA.

*I don't think BABA is a scam.
Funny you say that, before I buy an individual stock I have a look at the short position. All the resource and research these people do, must be an indication of something and if I can find that info for free...
 

CDX_EIRE

Vital Football Hero
Hows investing going for everyone?

I've moved my whole mindset to the long term and its been great just sitting back watching this mad volatility.

New investment I made is Upstart, seems like a wonderful business. They use AI to better predict creditworthiness and reduce risk. Bought a small chunk, 3% of my medium-term portfolio at $90 after one of the mini-crashes. Seems like lots of FOMO in this name its ran up 50% already in less than a month. Waiting for the inevitable pullback.

Two major risks, most of its business is thru credit karma, they could decide to block them and thats most of the access to cusotmers gone. They have a huge concentration in businesses that use them which is just a handful of banks which is also a major risk. So far though they are executing and are slowly diversifying their business customers.
 

BodyButter

Vital Football Legend
I wonder how the Bitcoin crowd feel about Elon Musk now. He made himself half a billion dollars at their expense. I wonder if they still call him dad?
 

BodyButter

Vital Football Legend
Hows investing going for everyone?

I've moved my whole mindset to the long term and its been great just sitting back watching this mad volatility.

New investment I made is Upstart, seems like a wonderful business. They use AI to better predict creditworthiness and reduce risk. Bought a small chunk, 3% of my medium-term portfolio at $90 after one of the mini-crashes. Seems like lots of FOMO in this name its ran up 50% already in less than a month. Waiting for the inevitable pullback.

Two major risks, most of its business is thru credit karma, they could decide to block them and thats most of the access to cusotmers gone. They have a huge concentration in businesses that use them which is just a handful of banks which is also a major risk. So far though they are executing and are slowly diversifying their business customers.
Discovery is still trending lower so I'm getting battered on that. No choice now but to hold and wait.

I don't have many positions left. I sold off almost all of my recovery stocks except Genting. We are back in lockdown here and they haven't had a chance to ride the wave of the post-pandemic boom yet.

The only one I bought recently was TNB which is the Malaysia electricity monopoly. They pay a decent dividend which is tax free.
 
In these times of unimaginable suffering for millions of people during the pandemic, I'm sure we are all relieved at this news.

And you do feel for Dyson, whose wealth rose by "only" £100m.

The UK's billionaires saw a sharp increase in their wealth during the pandemic, according to the latest Sunday Times Rich List.

Their wealth increased by 21.7% over the past year, rising by £106.5bn to £597.2bn, and there are now a record 171 billionaires in the UK.

Ukranian-born oil and media magnate Sir Leonard Blavatnik is the richest person in the country, according to the list. He took the title from Sir James Dyson, whose wealth rose by only £100m.

https://www.bbc.co.uk/news/business-57199171
 

danvilla2

Vital Football Legend
In these times of unimaginable suffering for millions of people during the pandemic, I'm sure we are all relieved at this news.

And you do feel for Dyson, whose wealth rose by "only" £100m.

The UK's billionaires saw a sharp increase in their wealth during the pandemic, according to the latest Sunday Times Rich List.

Their wealth increased by 21.7% over the past year, rising by £106.5bn to £597.2bn, and there are now a record 171 billionaires in the UK.

Ukranian-born oil and media magnate Sir Leonard Blavatnik is the richest person in the country, according to the list. He took the title from Sir James Dyson, whose wealth rose by only £100m.

https://www.bbc.co.uk/news/business-57199171
Even better for pro-Brexit Dyson, who is moving his personal wealth to Singapore to avoid subsiding the country where he made his initial wealth.
 

BodyButter

Vital Football Legend
One of the TA guys I (sometimes) follow has gone all cash. He reckons Bitcoin is in a dead cat bounce and that Tesla's chart is the same as Bitcoin.
 

CDX_EIRE

Vital Football Hero
Pretty much, I think the short interest came back heavy so they've reunited again. I don't know if you saw what happened yesterday re: AMC and Mudrick Capital. AMC issued roughly $200MM worth of shares directly to Mudrick at about $26/share. Mudrick sold that same allotment to retail at about $33/share and declared it overvalued.

Shady AF but nice and loosely within the rules.
 

BodyButter

Vital Football Legend
We were talking about BABA a while ago. I said I was very sceptical about Chinese stocks. I still am. However, Charlie Munger has about 15% of his portfolio in BABA at the moment. I'm thinking that Charlie knows his onions.

Any thoughts on BABA?
 

CDX_EIRE

Vital Football Hero
I actually bought a tiny amount (1.5%) of $BABA myself @BodyButter. The risk is that China will cut down anyone getting powerful enough to challenge them. I can't imagine we'll ever see it in our lifetime but $BABA and many others in a free and open China would be insane.

The big thing thats really hard to wrap our heads around is that some company is going to be worth 10Trillion one day. Likely Amazon or Apple. BABA will surely get to 1T in the next 3-5 years. What will it be in 20.