I wouldn’t jump in now either. I have some covered calls at 7.5 for the rest of my HUT shares. If it’s above and it sells, I won’t regret the 100% gain
Stock Pickers thread
- Thread starter bunsen82
- Start date
John Paulson said crypto is a bubble and will eventually be worthless.
Don’t shoot the messenger.
Either way it’s above my head so I stay OUT.
Don’t shoot the messenger.
Either way it’s above my head so I stay OUT.
I think it is currently a bubble, I do think its a long term asset class. If it crashes I will be buying some Coin, ethereum and cardano.
Bought some XIN yesterday at 2.10 and 2.11. Thanks for the tips.
We are all giving great props to bunsen. This is exactly one of the many benefits this thread can be. That and gaining lots of knowledge overall on the market and others' strategies with it!
I’m genuinely intrigued by this whole post, how you and your dad stay on top of such an obscure stock, and then to me it is just unfathomable that people here are blindly tailing you although I’ve been in hundreds of these threads by now so I’m not sure why anything surprises me any longer.
FYI - I am pretty sure I have caught a fairly active short trader or market player. My previous purchases were always like 2.0999. I felt like I was getting sold into fairly strong yesterday. He has completely backed off. As of August 13th there was 550,000 shares short. I know its only like 2.5% of the active float, but for a small stock like XIN this is actually fairly high. I put in a bid for 1000 shares just seeing what would happen, the individual put in a purchase .001 above my price. I am not going to mess to much with them, but something I found interesting.
Pepper, I guess we all like to talk and work with someone who we feel is smarter than ourselves. My dad is my mentor. That I have kept tabs on the 100 of stocks that I have traded or have been interested in the last 10 years is not odd at all. My dad has remained invested in the stock, and I put all these stocks in my ticker I track. You know how often I have seen a stock or a preferred stock tank and because I had a good idea of the stock was able to make good money. I am as up front as they come, although being behind a screen name decreases the trust factor I get it. At the same point I have a pretty good idea what I am doing, and ultimately the proof is in the pudding as they say. We all have different techniques and mine won't always align with you or someone else's method. I guess I view this has trying to help some people avoid the mistakes and pitfalls of investing (which I have already experienced) and 2 give some individuals some decent ideas. Some will work some won't, but right now my thesis on XIN is doing very well. You may disagree with it, but at least admit, it is working at this point, it could fall apart tomorrow. Trust is earned over time, and the other thing is everyone is responsible for their own trades and due diligence. I take no responsibility for your trades. But I just want to show there are opportunities in the market and ways to beat it, what is wrong with sharing that knowledge? At this point I am sure a couple don't mind. To each their own.
Something has you butt hurt. You don't like it then leave. People like you who literally bring nothing to the table but to bitch and try tearing others up. Bye!
I bought a small amount in a couple of fun money accounts. If I lose it, I lose it. No big deal.
Frydaze, its okay, I got pretty thick skin. Any one who makes any purchases does on their own accord. Pepper obviously thinks XIN's long term story line isn't great. I would disagree, were china stocks to get back in favor and XIN continues to do well it could be $10. The fact that I am only doing a trade to $3 to $3.50 or whenever they report and announce a dividend is actually rather conservative. We were able to purchase a stock that it was unknown when they were going to be able to report annual earnings and had declined due to that uncertainty, and did some research (a little elbow grease) we discovered that the subsidiary was going to be reporting within 24 hours, and this is information on the investors relation tab in chinese I might add. Yet we have the potential to make a 40% return in a fairly short time period. Not only did the subsidiary report, they didn't restate any previous financial reports. That is very good news.
Why isn't it okay to be skeptical here? The charts on this stock are not very impressive. And on the Yahoo conversations, there are very few people posting. One is named Iowabeancounter and one name Kyle looks to have a hawkeye logo (at least it looks like it).
Pretty easy to figure out which one is me, and which one is my dad, huh? Is it that obvious. Any either case, everyone should be skeptical of trading advice. I fully recommend it. That a few felt it met their criteria that they fell comfortable in purchasing, that is okay. You do realize a couple of these were following wallstreetbets. Which advice is likely going to be more successful over time. I gave a very solid rational for this trade. And that XIN has effectively double bottomed from its lows 6 years ago is good. That its subsidiary has reported, and reported strong income that will flow into the parent, is good. The fact they will likely announce dividends for past quarters is very good. You Pepper or anyone else can short it if you think its overvalued. Now there are some downsides. Check any chinese company chart they have all been obliterated the last 3 months, and really last 2 years. They are trading at very low valuations. A little good news can cause a pop. The risk is the rhetoric continues to ramp up and chinese stocks take another leg down before they report, 2. the entire market takes a drop. This is my last big trade before I hunker down, I may still have some ideas but the reckoning in this market is coming soon.
I didn’t just blindly purchase the stock. I looked at it.
I only put 3k in it which not to brag isn’t much to me.
Some people like to go to bars, casinos, etc., I like to buy stocks.
Isn’t the USD/stock market a bubble then too? At least BTC has a finite amount. At today’s printing rate, the USD won’t be worth anything soon
I don't think it's that at all.
I don't think you'd want an environment where everyone only followed the first person to post on something. I think you would want to encourage the back and forth exchange of ideas, information, and opinions. That lets everyone else like you and me sift through it and determine what we think.
Doge coin currently has little to no utility as it was created as a joke. Now it appears they are trying to fake it until they make it, even still they are behind the 8 ball. I do agree the USD is going to decline, I do agree the stock market is a bubble by every definition of valuation, as well as crypto. But crypto will just be on its usual journey and its about ready for its 1 year crypto winter, I think this last one was just a quick pullback. I could be wrong though and cryptos continue to fly.
I agee NdallasRuss - group think doesn't do us any favors. I think what I view the potential of this being is we will all take our own investment paths, but we may pick up some ideas or strategies to make each of us more successful. Pepper could have been a little more tactful, but my guess is he has been around the block and seen plenty of people burned. Fair enough. I am a little different than the average bear, and I try protect my integrity greatly. To me it is one of the few things we each carry in life. No reason to try to burn someone when we are all trying to learn, and also become more financially secure.
The other thing is I have given pretty good parameters on this trade to make each individual successful. We don't want to be the ones, causing the run up in the stock, we want to be in before the runup, I feel worst case scenario this only gets up to $2.50, everyone would still make a profit if they followed my advice. The goal is everyone can make a profit that purchased the stock. I like to see others succeed. I know I have been given lots of advice in the past, its ok to pass some of it on. People can be skeptical, respectful, and possible acknowledge a trade well done if it works out. My general hit rate is about 75%. My stock calls I have hit 10 in a row, but a bull market helps that. My call the market is starting to get top heavy and could fall is still in tact, what was wrong is I stated last Tuesday would be the high. I thought the fed would talk more about tapering. My call was wrong for now, but will be proven right in due time.
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First off, I’ve never said “don’t buy XIN”. If anybody thinks I’m butt hurt, please find me saying that?
what I am saying is there’s VERY LITTLE info available on this company. A previous poster who tailed the rec says he “looked at it” which is laughable IMO because there’s simply not much to look at. I’ve provided more financial info on this company than anybody else in this thread, in fact. I’ve read the HKEx document from the subsidiary earnings announcement today (so has Bunsen to be fair).
I’m just surprised that any amateur investor in the US can feel comfortable following this stock. I’m not saying it’s a bad stock or a ridiculous investment… I have no idea if it is or isn’t. Best of luck to you guys.
what I am saying is there’s VERY LITTLE info available on this company. A previous poster who tailed the rec says he “looked at it” which is laughable IMO because there’s simply not much to look at. I’ve provided more financial info on this company than anybody else in this thread, in fact. I’ve read the HKEx document from the subsidiary earnings announcement today (so has Bunsen to be fair).
I’m just surprised that any amateur investor in the US can feel comfortable following this stock. I’m not saying it’s a bad stock or a ridiculous investment… I have no idea if it is or isn’t. Best of luck to you guys.
Only things that have played great for me this year is OTC's. I've been in and out of APYP - which I have no idea how their merger will be handled with SleepX- so out for now.
DPLS I am up 200% on, but unfortunately didn't put much into it to start. Promising tech, but a ton of outstanding shares so who knows.
My off the wall gut on two others I've toyed with- RBLX will shoot stupid high at some point, and UPST is gonna crash at some point.
DPLS I am up 200% on, but unfortunately didn't put much into it to start. Promising tech, but a ton of outstanding shares so who knows.
My off the wall gut on two others I've toyed with- RBLX will shoot stupid high at some point, and UPST is gonna crash at some point.
The only thing that I haven't mentioned is, I've already run the estimates for the annual and the quarterly report. They are going to do very very very well. You think their debt is high, I agree to a point, but they have paid down a ton, and with reduced dividends they have been paying down more. They reduced from 10 cents a quarter to 2.5 cents a quarter. Most likely will go back up to 5 cents, although personally I am ok if they stay at 2.5 cents a quarter and continue to reduce the debt loads, and in the future achieve lower interest loans, 14% is ridiculously high. I merely am making a stock call, we will see if it hits or not, nothing more nothing less, but a pretty good return for a short period of time, would be relatively impressive.
OTCs were hot for me in January/February. Then everything went to shit! Moral of the story… you can get lucky on some of these OTC type stocks, but in general, just buy “real” stocks
When you live in my life and body, and accountable for everything in my life, then you can have an opinion. I'll make my own choices just like I have all my life.
It is a fact that 40% of the stocks owned are with Apple, Amazon, Alphabet, Microsoft, and Facebook. So yes, in the end, those are the drivers of the market.
I think AMC runs up past $70 again soon (in the next 1-2 weeks). Will probably be a little pull back tomorrow if anyone is looking for a better entry point.
86, I will readily admit biopharmaceuticals are not up my wheelhouse. I know individuals can make good money, I have only had bad experiences.
Whats the end game on AMC? And some point everyone is going to be rushing for the exits. They can try to fake it til they make it like TSLA, but that would mean they are revolutionizing the movie experience. I don't see it, and it is way overvalued. If a crash occurs, this will be one of the stocks that gets obliterated. The only positive is they have built up their cash balance.
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Just watched Tom Lee on CNBC's Stock Exchange as a guest (someone I've liked a lot through the years) and he's predicting a bullish September. Interesting considering September overall has been the worst performing month dating back to 1945.
One man's opinion but found that interesting.
One man's opinion but found that interesting.
We got one more puff of bullishness on the cigar. I can't find the article, but the current investment chart matches up almost exactly with 1999. The article pretty much is looking at possibly the market could go another 5%, essentially most likely another 5% upside. With the last fed report they made everyone comfortable for another month, sooner or later there will be 1 of 2 actions, a slow down causing a declining interest rate causing a crash, or 2 increasing interest rates and bond purchases stop. I will be well protected by that point. But if we hit a death cross, i would prepare for a very bumpy ride and possibly a very quick decline. The buffet indicator and CAPE PE are very very overvalued. I anticipate a fairly aggressive decline.
I think RBLX is overvalued, but only 5% of gaming in china is done by those under 18, also good luck enforcing that.
That was according to an individual on CNBC on my morning drive in. I don't have those statistics or where they are from.
That data is a big deal right now because stocks like Tencent and Netease were hit yesterday on the surprise game regulation China unveiled. There’s one issue with the integrity of the data, however, and that is that many kids play the game on mom or dad’s device, using mom or dad’s account.
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