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STOCK MARKET: Let's talk stocks and investing

Discussion in 'BBS Hangout' started by SWTsig, Jun 2, 2008.

  1. davidio840

    davidio840 Contributing Member

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    BIGC is going bananas today right after their IPO. RKT had IPO today and hasn't lived up to the talk but I think RKT will be heading up.
     
  2. Dr of Dunk

    Dr of Dunk Clutch Crew

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    The first sentence excited me.... the second ... *womp* *womp* :

     
  3. Cokebabies

    Cokebabies Contributing Member

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    I didn't think Trump would go full economic nuclear holocaust mode with China so quick. I should have unloaded some of my Tencent shares earlier. Now I'm debating whether to buy the dip cuz Tencent is too smart and has too many revenue streams to be held down by Trump. For those of you who are unfamiliar, they own a ton of the gaming space through smart investments (ex. League of Legends, Clash of Clans, Fortnite)

    https://www.gamesindustry.biz/artic...rder-that-would-ban-transactions-with-tencent

    US President Donald Trump has signed an executive order that would prohibit transactions between Americans and Tencent, taking effect on September 20, 2020.
     
    #11123 Cokebabies, Aug 6, 2020
    Last edited: Aug 6, 2020
    CCity Zero likes this.
  4. Senator

    Senator Member

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    Are you on the wifi outside the starbucks you are living at... all your predictions were absolute duds. Draftkings printed calls this week not puts. USO is still doing terrible while tech (a sector you missed out on) is dominating and breaking records. Youre delusional and unstable.
     
  5. saitou

    saitou J Only Fan

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    UPDATE 2:25am, August 7 - The LA Times is reporting that a White House official tells them “the executive order concerning WeChat only blocks transactions related to WeChat, not those involving other Tencent holdings”.

    No big deal and probably overdue since fb and WhatsApp are restricted in China. Zucks prob been on Trump's ear.
     
  6. saitou

    saitou J Only Fan

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    Yesterday, this week's $88 puts were @$4 premium when the underlying was at $88.50. when I checked today after ER price was at $84. Feels too accurate and rigged...

    Good thing I took your advice and sold half my underlying at $88 ytd. Was thinking of re-entry in the $70s, any views on ddog short term price action?
     
  7. adoo

    adoo Member

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    just to reiterate, i am not qualified to give professional advise.

    as an amateur, i am happy to share my thoughts o FSLY
    [​IMG]
    these are the levels that catch my attention.

    fsly sitting on the bottom of a trading channel, ~88. there is heavy support at ~ 80, the 38% retracement level is ~78, the DMA is ~ 74.

    • the most optimistic take,
      • the doji will bounce off the low trading channel
    • the middle of the road take,
      • fall to the support level ~80 and consolidate there, before rising
    • the pessimistic view
      • fall the around the ~38 % retracement level / 50 DMA, consolidate around there, before rising
     
    #11127 adoo, Aug 7, 2020
    Last edited: Aug 7, 2020
  8. thegary

    thegary Contributing Member

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    Was planning to ride BABA into earnings but thinking of jumping ship.
    Thoughts?
     
  9. adoo

    adoo Member

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    here is 2 cents from an amateur

    [​IMG]
    it sure looks like a double top, a bearish TA indicator

    from mid-Jul to yesterday, the rise from ~240 to 265 was accompanied by declining volume, as well as below avg daily trading volume,
    suggesting short covering
     
  10. thegary

    thegary Contributing Member

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    Thanks @adoo
    It has not performed as I had hoped and now this China Cold War being “trumped” up...
     
  11. saitou

    saitou J Only Fan

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    Finally shares available to short. Got in at $16 today.
     
  12. Cokebabies

    Cokebabies Contributing Member

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    FB and WhatsApp are more restricted because they opted out of the market and don't want to comply with censorship laws. TikTok and maybe WeChat are just being given blanket bans with non chance to comply with local policy.

    WeChat would be a big deal because it is the main way people in the US communicate with family and business partners in China. Assuming Trump does his WeChat ban, I would expect Microsoft to work with China to allow for a mutually agreeable operating environment for Skype.

    That being said, I bought a little more Tencent and have a bigger order like 5% lower in case there's another panic opening next week.
     
    saitou likes this.
  13. saitou

    saitou J Only Fan

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    If you are adding, consider doing it on HKEX if you can, 1 less risk (delisting) to worry about.
     
  14. Cokebabies

    Cokebabies Contributing Member

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    A good idea but unfortunately TD Ameritrade doesn't support HKEX trading. =/ If you are US based, how do you trade HKEX stocks?
     
  15. davidio840

    davidio840 Contributing Member

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    I believe you have to have a bank account in Hong Kong (or maybe just China in general, I don't know the specifics) to trade on the HKEX or SSE or SZSE
     
  16. saitou

    saitou J Only Fan

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    I use Interactive Brokers from Singapore
     
    Cokebabies likes this.
  17. Dr of Dunk

    Dr of Dunk Clutch Crew

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    I think a lot of stuff will be accelerated thanks to elections. Both sides have to look strong going into them since there haven't been a ton of positives about this pandemic. I'm even starting to worry about my BABA shares (again) that I've held onto for years.

    I knew Tencent was big, but I didn't realize how big in terms of its investment reach. They're invested in more companies than Softbank, which is saying something. I used to think Softbank had their hands in every hot company on the planet.
     
  18. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Cokebabies and CCity Zero like this.
  19. Cokebabies

    Cokebabies Contributing Member

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    Yeah Tencent doesn't sit on it's laurels and has managed to be one of the rare companies that pivoted successfully from browser to mobile. They make tons of smart bets. All their top execs who run their games business are gamers themselves unlike EA for example, so they actually know the product from a consumer POV. One of my prior companies that I worked at got a publishing deal from Tencent, which we ultimately passed on, but the investment lead was a hardcore gamer whereas most other companies have MBAs/business people who are the decision makers. They're respected in the gaming industry because when they invest/acquire game studios, they are pretty are hands off, and only get involved when it comes to launching the game in China, which is their expertise. They are the anti-EA which tries to absorb you and have suits make all your decisions, which results in many cherished studios dying like Pandemic (Star Wars Battlefront) and NuFX (NBA Street).
     
    saitou likes this.
  20. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Yeah, another angle I didn't even think about until someone mentioned it is they're also trying to come down on WeChat and there are a lot of American companies like Starbucks that use that in China. Not to mention Apple phones in China with no WeChat could affect iPhone sales... yikes.

    Regarding your Tencent angle, I just listened to someone say that this is leveraging to get China to allow companies like Facebook, Twitter, whatever else into China (really can't see that happening, but who knows), and that companies are getting sold as part of an overreaction. One company mentioned was Activision-Blizzard down 5% today because Tencent has a 10% ownership in them as an example of this overreaction.
     
    saitou likes this.

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