Society Corona - Stock Market thinktank

Welcome to our Community
Wanting to join the rest of our members? Feel free to Sign Up today.
Sign up

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
29,287
29,486
Tesla with 2.2 million pre-market shares traded.

Set to open up 4.6% to $854 when the market opens.

Absolutely crazy the money being invested in this stock. Up and up it goes. At this rate it will hit $1000 by the end of next week.
And I can't wait.
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
Boeing ordered to pay $2.5 billion for their 737 MAX fiasco.

Money is for the crash victims' families, airline customers and a fine for misleading regulators.

Covid effected the price more than the crashes. This fine is already baked in to current price as it was expected. BA reached a high of $440 in 2019 and dipped to $89 in March 2020. Currently at $212

Pre-market is up slightly .23%
I'd expect this to be a $300 stock by summer.
 

Bones Nose

"Cody" is my stage name
Jun 13, 2016
15,986
24,867
873 like whoa
The guy who's been pushing all the stocks I've been banking on this year has some good news for you. I've been skeptical of tesla but this mans word hold alot of weight imo.

I still wont buy it lol

  • The billionaire investor Chamath Palihapitiya told CNBC on Thursday that Tesla's stock could be worth three times its current valuation, which would make CEO Elon Musk the first trillionaire.
  • On Thursday, Tesla shares shot up 6.9%, and Musk surpassed Jeff Bezos as the richest person on the planet.
  • Palihapitiya said that Tesla was a "distributed energy business" and that he'd believed for a while that the world's first trillionaire would be a person fighting climate change.
  • "Delivering clean energy, allowing the world to be sustainable, is an incredibly important thing that will be rewarded by markets and individuals," Palihapitiya said.
  • "Don't sell a share" of Tesla, he told investors.
 

ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
29,287
29,486
The guy who's been pushing all the stocks I've been banking on this year has some good news for you. I've been skeptical of tesla but this mans word hold alot of weight imo.

I still wont buy it lol

  • The billionaire investor Chamath Palihapitiya told CNBC on Thursday that Tesla's stock could be worth three times its current valuation, which would make CEO Elon Musk the first trillionaire.
  • On Thursday, Tesla shares shot up 6.9%, and Musk surpassed Jeff Bezos as the richest person on the planet.
  • Palihapitiya said that Tesla was a "distributed energy business" and that he'd believed for a while that the world's first trillionaire would be a person fighting climate change.
  • "Delivering clean energy, allowing the world to be sustainable, is an incredibly important thing that will be rewarded by markets and individuals," Palihapitiya said.
  • "Don't sell a share" of Tesla, he told investors.
I listen to my dad, our initial buy in was ~$200 pre split.

We bout to be buying islands. Word.
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
Hauler @Hauler i think Boeing is big fucked

Down 0.16% on the news.
We'll see what the black box says. Planes falling from the sky generally doesn't effect stock performance too much.
Revenue is what matters.
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
Record levels at close? Gonna be close!

Make that money before Biden fucks everything up!
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
Just missed.

Gonna look at some hippie lettuce ETFs. Heading towards federal legality and DEMs gonna need to generate some cash to pay for all their initiatives. They gonna slap a federal tax on that weed.
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
Feds said they are leaving interest rates alone.
Market doesn't really react.

Usually that triggers a massive rally.
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
Poshmark had their IPO today.
Ticker POSH

Priced the open at $42
In typical IPO fashion of late, it closed at $101.50

I asked my wife if she knew what it was. She did. And she said it was a pretty cool service. Something about people selling clothes/shoes to each other. The company has zero inventory - they take a cut of every transaction.

They made $192 million in revenue in the first 3 quarters of 2020 - way more than Tesla.

32 million active users.

I got in at $93.
So much for me ignoring IPOs.
 

Hauler

I got the pistol so I'll keep the pesos.
Feb 3, 2016
29,168
39,971
So...

Stimulus announcements generally cause a big stock day. Not this time.

Is this the market reacting to Biden popping off about student debt forgiveness, health care and a $15 minimum wage?

Is this the start of what people are calling "The Biden Slide"? OK - I'm the only one using that phrase but I think it's catchy.

Or is it just a ho-hum market day heading into the weekend?