Society Corona - Stock Market thinktank
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still plummeting? I've been eying it
Yeah. Down another 5% today.
They are selling off 178 million shares, which is 2x what is currently out there.
Raising cash to survive, but effectively causing a devaluation of share price.
Think they see $1.95 or less?
Hard to say.
They might see $0
Haha.
I wouldn't buy in with it still falling this much. I'd wait to see a couple consecutive days on the green side.
T
The Big Guy
Guest
Sold off ipob on friday at around 28ish. Bought at 16. With ipobs merger closed IPOC went up over 20% and should finalize that Jan 8th.
After selling ipob on friday I bought pic/xl fleet and it's up almost 4$ per share today from 15 to 19
Buy some IPOC now and sell it around 16 in less than a month
PIC and GHIV are also going to easy quick profits. You can buy ipod ipoe and ipof right now under 13$ each. Those will be the next ones chamath will push into market once a suitable company has been found. I've made lots on chamath in the last few months
Get in before they all rise up with IPOC like they did with ipob
It's a good day to own both
Somehow they'll fuck it up though. If you don't own an iPhone they won't sell one to you or something goofy.Apple gonna build electric cars by 2024.
They will probably make their bluetooth stereo inaccessible for Android phones.
Pigeonholing people is their favorite strategy.
I doubled up on ONCY from NOV to DEC.
Bought at $2, Sold at $4
It dropped down to $2.30 and looks to be settling. Might try it again.
I know nothing about them. Biotech stock. Breast cancer. My buddy put me on them. He's right half the time.
Bought at $2, Sold at $4
It dropped down to $2.30 and looks to be settling. Might try it again.
I know nothing about them. Biotech stock. Breast cancer. My buddy put me on them. He's right half the time.
T
The Big Guy
Guest
I've done well with amc for months when they were in the 3-7 range. It was easy to catch the highs and lows but I'm not sure it's worth the risk now
Ipoc is up 9% and ghiv 9% today
But mid january they will both be over 16$. Im getting fast money and on a hot ass streak right now
We are at record highs for all US indexes.
It's starting to feel like that commercial where the monkeys were in the office celebrating sales with a growth chart that they didn't know was being displayed upside down.
Or the Bluths in Arrested Development going on a sending spree after their stock rating went from "SELL" to "DON'T BUY".
We are top heavy for sure. Steady growth largely unsubstantiated by sales/profit. And there are a lot of investors who made BANK during the Spring dip who are just waiting for the right time to take profits.
A correction is coming. But when?
It's starting to feel like that commercial where the monkeys were in the office celebrating sales with a growth chart that they didn't know was being displayed upside down.
Or the Bluths in Arrested Development going on a sending spree after their stock rating went from "SELL" to "DON'T BUY".
We are top heavy for sure. Steady growth largely unsubstantiated by sales/profit. And there are a lot of investors who made BANK during the Spring dip who are just waiting for the right time to take profits.
A correction is coming. But when?
After Tesla makes me a billionaire in about 20 years
$629 billion market cap with 368k cars sold in 2019. That's $1.7 million in cap per car sold.
Ford has a cap of $35.8 billion. They sold 5.4 million cars in 2019. That's $6,630 cap per car sold.
GM cap to cars sold: $20k
Ever watch Sesame Street? One of these things is not like the other.
Tesla is bloated. They are the dot.com stock from 2000. They have value...but $629b? Nah.
They're definitely bloated but you're also comparing them to standard car manufacturers which they are not.
They're an R&D company that sells some, shitty, cars.
That's where all of the value is based.
I get that. It's not apples to apples.
But I think their current value is way too high and based purely on speculation.
Just because they are electric cars doesn't mean they will make loads more money than current combustion models. Sales volume and profitability will likely be about what the other manufacturers see now.
I know they are more than just a car company, but for them to be worth what some are projecting as a TRILLION dollar company, they have to be a LOT more than just a car company.
There's a reason they are the most shorted stock on the market.
T
The Big Guy
Guest
Seems like a minor correction today. I've been pulling around 10% profits nearly everyday for a few weeks. Today its -6%