/biz/ - Business & Finance

>>22267248
GME chads report

Die QQQ

>red monday cancelled

This is Matayoshi Son, the Jesus of Softbank. He lost billions with WeWork. Then he made it back by gamma squeezing TSLA and dumping shares on dumb hedgies and robinzoomers. Say something nice about him.

In mathematics, algebra can denote many things. As a subject, it generally denotes the study of calculations on some set. In high school, this can the study of examining, manipulating, and solving equations, inequalities, and other mathematical expressions. Algebra revolves around the concept of the variable, an unknown quantity given a name and usually denoted by a letter or symbol. Many contest problems test one's fluency with algebraic manipulation. Algebra can be used to solve different types of equations, but algebra is also many other things Modern algebra (or "higher", or "abstract" algebra) deals (in part) with generalisations of the normal operations seen arithmetic and high school algebra. Groups, rings, fields, modules, and vector spaces are common objects of study in higher algebra. Algebra Involving Equation Algebra can be used to solve equations as simple as 3x=9 but in some cases so complex that mathematicians have not figured how to solve the particular equation yet. As if to add to the confusion, "algebra" is the name for a certain kind of structure in modern algebra.

tiff

>>22267302
thanks for the free money, keep up the great work pump tech more please.

BOUGHT THE DIP?

Modern algebra also arguably contains the field of number theory, which has important applications in computer science. (It is commonly claimed that the NSA is the largest employer in the USA of mathematicians, due to the applications of number theory to cryptanalysis.) However, number theory concerns itself with a specific structure (the ring $\mathbb{Z}$), whereas algebra in general deals with general classes of structure. Furthermore, number theory interacts more specifically with certain areas of mathematics (e.g., analysis) than does algebra in general. Indeed, number theory is traditionally divided into different branches, the most prominent of which are algebraic number theory and analytic number theory.

tiff

>>22267302
Is it crazy to invest in Softbank?

>>22267283
yes
either we lose (relatively) small or win VERY HARD.

>>22267400
just gamble with money you're willing to lose it's not that hard. even better, gamble with profits you've already made this year. i already made thousands off of the TSLA and AAPL run up. even if i lost everything in GME it'd literally only be cutting into my profits. otherwise my capital is being spent DCA'ing into AMD atm for buy and hold.

$BHLB seems like a good buy, but man does the bank look like absolute trash. But then again, stocks in 2020 aren't reflecting real life.

What do you guys think?

>bored on weekend as usual because lines don't move
>don't want to do make any moves tomorrow because I have no idea what's going to happen after burgers come back after a long weekend
Any other euros with the same conundrum?

>>22267302
Thank good I sold my Tesla before that SOB pulled that stunt. Fuck that gook.

I'm gonna short tesla on monday. Stupid ponzi shit is over.

>>22267454
Why would it go back to 40 or even 25?

Please help, anons. Can I simply decide on day to buy shares? Today I discovered my Uphold account lets me buy stocks with crypto. Let's say I want to buy AMD shares, (I have never before bought stocks, let alone stocks of companies that are not my country's) is there any paperwork involved? Would I have to explain myself when cashing out? Is that it? I feel like I'm missing something.

>>22267342
this is the most it has dipped since april. it's either the best buying opportunity we've had in quite some time or SHTF and i haven't heard anything to suggest the fundamentals of anything have changed at all. softbank is giving you a gift with their profit taking here. just buy some of whatever tech stock you like every 5% it drops up to like 30%, then hold until profitable. easy money.

You DID buy so e chips with your dip, right?

>>22267570
>the best buying opportunity we've had in quite some time
NASDAQ was cheaper about 2-3 weeks ago...

>>22267342
THIS WILL BE THE BIGGEST CRASH IN RECENT HISTORY
GET READY

>>22267519
What got my attention is the fat dividend, not the previous ATH

>>22267600
Caused by what, newfag? Fed is literally working over time and is telling everyone rates will be zero for the next few years.

>>22267717
if you belive that you're NGMI

>>22267454
I'm kicking around the idea of buying 1000 shares Tuesday. It's got nowhere to go but up and that fat divvy looks tempting. Plus this is more apt to double than Apple hitting 300.

Would Acorns be worth it?

>>22267523
>paperwork
No. Only when you pay taxes which you don't pay until you sell.
It's no different than regular stocks, just a different tax code but probably same tax amount etc, I've held foreign companies because I used to do boomer vanguard index fund investing and part of their holdings are usually in overseas markets.
>>22267586
Legit. I mean yeah, it's a good opportunity relative to where we were but that's just because it was at all time retard levels. If you havent entered though this is a good time to buy because it's the 'blow off' so you don't have to worry about getting dumped on when you buy like you would have a just a few days ago.
>>22267454
I think buying banks in 2020 isn't such a great idea if your strategy is growth centered. Banks make their money through lending and interest rates are not only low but expected to remain low for quite some time.
I assume since you're asking this question you are not preserving your wealth and therefore probably shouldn't be investing in banks.
Let me save you a lot of time, a lot of buying and selling, and a lot of losses, just buy TQQQ. That's it. Don't buy anything else. There is no point for you. If you can't stomach a 15-30% drop then just buy the underlying FAGTMAN stocks and hold them forever.

>>22267717
That guy is a retard, ignore him.
>>22267801
no

>>22267302
He's laughing at us!

Learning about coding to release more dopamine on the weekend. I did some stuff in Python first, made a program that basically automated my report at work. Moving onto C++ Was satisfying but it's kind of hard to keep motivated at it. Probably spent more time playing games like TIS-100 here that simulate assembly stuff

>>22267445
for sure, and i can only imagine how terrifying it must be to be a short that hasn't covered yet over the weekend never mind Q2.

>>22267302
Thanks for burning all the niggers and thots while giving me access to cheapies. I will sacrifice temporary negative account balance for the permanent losses of roasties and niggers with weak hands

>>22267586
i talking about dip buying, this is the first good dip buying opportunity in a while.

>it was cheaper 2-3 weeks ago...

and ideally you would have bought during the last dip, sold for profit, and now are ready to buy again to get ready for the next leg up. that's how it works. i guess you could also just buy and hold forever but that's not exactly efficient and doesn't lock in any profits.

Five hours into writing a cover letter for a job and I've got half of an intro done.

Get some puts or short the market with some hedges! Christmas is only in 4 months! Get some Christmas present money to splurge on your tomboy waifu! Bet on red to get some green, the true colors of Christmas

>>22267875
or to put it another way: the riskier the bet, the less money i put into it. the more sure the bet, the more money i put into it.

>>22267947
>selling for profit
Why? You're just going to get smoked by taxes. Unless you're doing this for a living it's better to just hold long term.
>>22267974
What's the job bro? Drink some coffee or something

Thoughts?

>>22268000
A remote customer service job for an IT company.

After the SHLL merger what’s my next moon mission? I’m already +157% on SHLL so I’ll have a lot of cash to throw around

>>22268041
Sounds comfy

>>22268033
>crashing tomorrow
No! The market hitting lows after the reality kicks in is not going to be a one time thing! It's going to be truly slow and painful. Sure, we'll get an elevator ride down half the building, but it'll whiplash back up. It'll oscillate the entire way down, fucking over everyone left and right before bottoming out. Check historic bull and bear markets. There wasn't just one "correction" to these things. There were multiple "peaks" and "troughs" before we hit a true bottom or top in any secular bull or bear market.

>>22267995
the more I read into GME's finacials and the news/DD around it, the more sure I get about the bet. I started with $1K in GME, put $9K more Wednesday when the dips kept getting both so momentum was set, and I'll have $2K set aside to buy more in case it dips hard on Tuesday. Probably gonna avoid buying at open just because there's a lot of people who don't understand the short squeeze and just want to take their tiny +30% profits now.

i hope Reggie is still in Gamestop. He hasn't actually spoken publicly for GME yet at all, but it'd be massive (along with Cohen's experience with setting up e-commerce from scratch against fucking Amazon) that GME would be a tempting bet to long from these prices even without a short squeeze.

definitely getting out on the squeeze though, hard to say if I'll come back even if they turn fundamentals around since there might be too many bagholders who FOMO in thinking the price was purely from growth speculation/fundamentals.

>>22268033
I am buying the dip Tuesday to swing trade into a dead cat bounce and staying out of Thursday

>>22267868
Dang I should fire that up again. I bought it a couple years ago on sale and I think I got like 4 puzzles in before I had to go chill with the family, and then forgot about it. I like that guy's games but I don't think I've ever finished one.
You tried Exapunks? It's been on my wishlist forever but I've never got around to picking it up?

>>22268170
pretty sure literally no anons are in this beyond the short squeeze bet.

>>22268186
Daily Reminder to get out before the end of this week: https://old.reddit.com/r/wallstreetbets/comments/gd3nri/the_psychology_of_fear_why_a_big_gay_short_isnt/fpfexwj/

>>22268242
I am getting out just playing the bounce that is all

>>22267827
Thank you, anon. I greatly appreciate it.

>>22268214
yeah i've done all the big zach games, this was the last one I got around to. Shenzhen just about broke my brain. I think i've got a good case for self-diagnosed autism now

>>22268216
well it's my plan for worst case scenario (squueze doesn't happen) that ultimately my downsides on shares will be small or i might even profit if I hold until start of November. I wouldn't have put $10K in GME otherwise if I thought this was a high-risk/high-reward gamble. More like medium-risk/super-high-reward gamble.

can't do options since im retarded and didn't activate it. Just realized I am after all allowed to do limited options in a TFSA (tax free so I assumed no), just nothing margin obviously. Mailing in my application for options trading would take weeks, so fuuck. Oh well. I'd probably only risk $1K in that lottery ticket anyways.

If I did toss 10,000 into GME I'd bail as soon as it hit 20 per. (A bit over double). I'd have hit my target profit. 25,000. What happens after that I could care less.

>>22268320
This will always be my favorite puzzle

Tomorrow is going to be blood fucking red

BLOOD FUCKING RED

>>22268332
>If I did toss 10,000 into GME I'd bail as soon as it hit 20 per. (A bit over double). I'd have hit my target profit. 25,000. What happens after that I could care less.
you underestimate short squeezes, especially one with ~100% short interest, and the fact that you could probably just do stop losses instead of thinking it will be as volatile as other short squeezes because ~$30-$50 is actually a fair price for Gamestop if they just had good guidance/future prospects. Their management really shit the bed the last couple years.

don't forget the corona is also a boon in disguise because -> lets them de-densify their stores easier, massive gaming boon especially with the switch and animal crossing (they've quoted themselves as the largest sellers of the Switch in the world, though that might not be saying much considering the huge shortage of the system back in quarantine), and the CARES act letting them recover potentially hundreds in millions in paid taxes up to FIVE years back from losses taken in 2018 to 2020, coincidentally when Gamestop started shitting the bed and falling.

My plan is going to be setting stop losses in chunks and adjusting them up as I watch it like a hawk the closer it gets to the 3rd day of exponential volume.

>>22268414
>Markets are closed
Crash cancelled, Bobo.

>>22268033
Posted every single day anon

>>22268332
KODK as well was a short squeeze out of nowhere. If I knew what I know now about how squeezes work, the 2nd day of the massive rally was almost inevitable because of the rest of the shorts having to cover, not sure if the spike in afterhours of the 1st day was really necessary for that even.

Will rtx and xom do better this week or follow down if things get bad?

>>22268332
KBIO
barchart for KBIO just got nuked and i can't set up a prettier chart anymore. At least I had this one still saved. Fuck.

There's another potential catalyst that could follow almost immediately if Ryan Cohen increases his stake to over 10%.

WHAT THE FUCK WAS THAT

>>22268474
Koadak has been my main money maker for the fast month
I buy it eod sell in the morning buy back eod wash rinse repeat
Didn’t know why it always moons in the morning

If an anon was in a job where they had insider knowledge on likely upcoming announcements or the progress of certain things and that kind of stuff would they get in big trouble for posting it on a Burmese yak milking forum?

>>22268607
Probably not as long as they stayed anonymous

>>22268444
It is like a slot machine being a bear right now
You are guaranteed to loose 5% when over time when you are playing but their is that one off chance of you making 1000x returns

>>22267283

I was one last week took the weekly call option ride almost lost my ass ended up cashing out at the highs on Thursday probably go back for round two this week

/pol/ak here who knows nothing about the stock market. They've been saying over there that there's a huge crash imminent - is that really the case?

>>22268374
Yeah, deffo got to start some of this shit again and get frustrated for fun.

>>22268639
That is what that one Kodak glowie did
I remember seeing that thread with one Kodak camera on it thinking wtf why invest in dead camera company
I wish I screen capped that legendary post

>>22268665
It happened last Thursday and Friday it wasn’t that bad already recovered for the most part.

>>22267847
>no
Why exactly?

>>22268607
If you signed an NDA you could be penalized and lose your job + whatever else the contract says. But they'd have to prove it was you. Unless you say something like "My name is Bob Smith and I work at America Corp at 123 Main St, in the Faggot Department. Here is a photo of me and proof of my job' you will be fine.

>>22268665
There were 2ish bad days in a row and we haven't had 3 in a row in addition to a red Monday in like 4 months. But at the same time it looks like the already absurd rally was made even more absurd by Japanese pension funds using stock derivatives on major tech companies.
This is also an election year and a mild sell off is typical before an election in the month of October.
So, lot of uncertainty, so who knows. If we did for certain we'd be rich.

>>22268033
I'm still waiting for WS2.

>>22268665
This is a very bullish post

>>22268442
Literally everything except US and Canada is open tomorrow.

>>22268607
Nobody cares. People talk all the time.
You have to be incredibly retarded to get caught

>>22268694
>>22268722

so is the general consensus that the crash is over? If it does tank pre-election, is it likely to tank as hard as March? Also, didn't you guys have a huge upswing from March until now, surely that means what comes up has to come down no? i'm naive to this frens

Strangle or straddle Monday?

>>22268598
you're playing a risky game, i'm assuming those are retard shorts getting fucked on a cycle, kinda similar to HTZ and Wirecard i also assume.
The difference with GME's situation is that their current price is actually severely undervalued (again look at how massive their revenues are for a market cap that's only $500 million, the seekingalpha DD guy compars GME to Bestbuy and that GME would be priced at $50+ if it was back to making a profit and had good guidance).

Perhaps Gamestop might fall to obscurity in 5 year, maybe 10 years, if they don't adapt ASAP into an e-commerce niche. But this year is not that year. Neither is it next year's. They're a very surprisingly healthy company, and their priority right now is to cut costs since they were overextended the last decade. I mean they had a fucking corporate jet which they finally sold Q1.

Thoughts on this?
https://www.youtube.com/watch?v=wXptkvi0x5U

>>22268804
There was just no reason for a crash. A crash requires sudden new information or a change. This was just a panic fire sale because if the sudden dump. Once the Algos bought back in it was going up again

>>22268700
You should be able to put on your big boy pants and set aside a certain amount of capital to invest each pay period in an actual brokerage (even RH is fine).
Taking a few bucks here and there will yield you jack shit. You need to be making a conscious effort in terms of your financial situation. Your goal as an investor is to make money. A person who makes a lot of money is not using Acorn. A person who makes a lot of money A) is using their skill set to earn a high income, or at least actively working towards it B) they are using that high income to make more income.
Basically, you need to make active changes even if you are doing passive investing.

>>22267283
how much u guys betting and are u fucking w options? I've never fucked w options b/c i'm new but it seems like the way to win big without losing much.

>>22268804
it was literally just softbank taking profits. so likely there will be a bounce this week but you'd want to get out before sept.14th which is when all of the banks have to start cleaning up their balance sheets, see: >>22268242

so basically it'll bounce up this week and then next week it'll drop again and then it will recover and probably continue reaching higher highs because stonks only go up (in the long run). so you can either just hold long positions or you can try to time it.

GME is comfy. Didn’t lose any money during the tech top. Squeeze is still on, confirmed they can’t bring it down anymore than it is.

Unless someone sells.

>>22268871
Well options can fuck you over good if you do it wrong. Some dude went 200,000 in the hole over a bad deal.

>>22268950
paper hands would have bailed out on Wednesday kek, why go out with relatively tiny +30% profits when there's so much potential for relatively so little risk? When have we ever had an opportunity on a short squeeze on a company that was undervalued and not actually at risk of bankruptcy despite common sentiment?

>>22269021
i think the easy mode is to just buy and hold until either the squeeze happens (a major spike up basically) or we get to february and nothing has really changed. considering the financial situation and the money the holidays will likely bring in, i feel like even if it doesn't squeeze it'll still be higher by that time anyways.

if anons don't feel comfortable gambling on it then just put in less money. buy like 100 shares. hell if you're super poor put in for 10 shares, turn like $70 into potentially $700 still good if you're poor as fuck. there's risk in every trade idk why some people are such little bitches about this.

>>22269096
Fine then I will buy 20 shares what is the most I can loose 40 bucks if it dumps to 5 again

>>22269139
there you go, now you're learning.

>NKLA
>literally zero product
>"""Plans""" for 2022
>15 billion market cap
>SHLL
>Literally investigated for fraud
>literally zero product
>"""Plans" for next year
>2 billion market cap
>WKHS
>produced and sold 500+ trucks
>hiring 500+ people
>already deals to produce trucks for multiple companies to sell to
>chance for big USPS contract that will be a major change for the company
>tiny 2 billion market cap that will get reduced to 1 billion if they get none of the USPS contract, despite still selling and planning to sell thousands of trucks
You know this is fucked up and retarded. It just is. Pure fucking garbage clown market

>>22268829
Yes.

>>22269279
I genuinely hope everyone who invested in NKLA loses their money because it is such an obvious scam.
>muh hydrogen
>muh next TSLA
Fuck boomers

>>22269096
>there's risk in every trade idk why some people are such little bitches about this.
exactly, i don't understand how people see how disproportionate the actual risk is (because people think GME is going bankrupt without looking at their financials) and the massive upside (short seller bubble)

actually who the fuck is even shorting, like is it some outdated algo just shorting based on TA? Nothing on the hype and speculative potential at all? I refuse to believe anyone has balls big enough to have uncovered shored through Q2. I'm not the one on the side with unlimited downside.

>>22269279
the market doesn't run on fundamentals it runs on hype. remember this and you'll make money.

>>22269363
> i don't understand how people see how disproportionate the actual risk is
*how people DON'T see

>>22269279
trust the plan, once USPS saga is finished the stock can actually run and that's when we make it

>>22269369
So why the fuck is it hyped up about a fucking SPAC that does and will do literally nothing for years, and a LITERAL SCAM that bought the ex ceo a $30 million mcmansion?

>>22269363
>actually who the fuck is even shorting

this last console cycle has been long and they haven't been trying to change and adapt until post-covid. they've had years of success shorting it, it's just that now things have actually changed, that's the difference imho. PS4 came out in 2013 for reference, that's 7 years without a new console release. only end of 2020 now are we getting new console hype. that, on top of new management, trying to create a new vision instead of just stagnating with the old business model, and no debt issues, and the big investment from the Chewy guy. it's got a lot going for it in the positive and not a lot has changed in the negative.

>>22269279
TSLA as King Con has given space for a lot of pretenders. All will be devoured by legacy OEMs now that there appears to be interest after the juicing from subsidies.

>>22269436
idk anything about these companies but i'd assume "potential" like with TSLA.

>FT: SOFTBANK SITS ON $4B TRADING GAINS ON U.S. STOCK OPTIONS BET

Absolute mad lads

SPY to 300 on monday

>>22269482

so... should I buy stock in softbank?

>>22269481
potential... lmao
one is a hydrogen scam, the other isn't even electric but just some fucking hybrid truck

>>22268829
>>22269296
I'll expand on my answer. FNGU owes most of it's success to TSLA. TSLA beat out both FNGU and TQQQ. You could argue that TQQQ + TSLA > FNGU. You could also argue that having all that exposure to a meme stock in the case of FNGU is a serious risk factor.
TQQQ is the safer choice especially through the lens of Modern Portfolio Theory. If you think MPT is dumb then FNGU is bettter because it concentrates heavier on the 'winners'.
Heres my suggestion for capital allocation:
Take your emergency fund and put into solid stocks like AAPL, AMZN, NVDA.
Whatever else you are investing into the market as your 'portfolio' go
>60% TQQQ
>30% FNGU
>10% TSLA

If you're sketchy on TSLA's prospects then go 100% TQQQ. It really all depends on your risk tolerance and how much volatility you can stomach. One of my accounts erased a 60% gain over a few days. The other was negative 25% at one point. If you can't handle that type of volatility without panic selling then just stay out of leverage and meme stocks like TSLA. If you enjoy the ride then buckle up because volatility is fucking addictive for people like me.

>>22267383
um, yes

>>22269460
i cant believe i might actually be smart money for once

How realistic would it be for a newfag to buy some cheap oil stocks, /smg/? Probably would have been prudent to look into it when Russia and the Saudis were doing their thing earlier in the year.

>>22269836
>buying into oil when EV and microchip companies are growing by 100% a year

>>22269534
it's not like im agreeing with them im just saying that their hype is stronger than whatever you're into. but what do i know i just play FAGMAN stocks.

>>22269836
As realistic as open a trading account and just fucking buying it. People expected a big recovery on oil in March, April, May. Never bounced back the way they thought. Winter is coming and it MAY benefit oil/natural gas. Probably comfier holds though.

>>22269534
You have no idea what you’re talking about in regards to SHLL/Hyllion. NKLA is a scam but HYLN is already producing their products. Their “Hybrid” product isn’t a truck it’s a drivetrain that’s can be retrofitted onto semis that are already in use, which allows trucking companies to easily begin transitioning to electric. Then next year they are launching their fully electric product.

>>22269836
buying "discounted" stocks like oil, airliners, REITs are a classic newbie mistake
you're not buying on fundamentals, you're speculating and buying on """price memory""" hoping for quick gains because you missed out on easy dips back in March.
you're welcome to try, but don't go all in with cash you're not comfortable risking. Play with $1K first, something you can recover from but will sting a bit to lose (or else you never learn how to balance risk if you just play with $100 or something)

actually you know what, go for it. I'm not gonna tell you to NOT buy, but I'm going to tell you to not risk all your money immediately. The best way to learn is through experience and real stakes, not through shitty practice accounts with paper money where you never feel the risk. Everyone makes mistakes at first, some people just wish someone told them to risk less money at the start while you're learning. Don't be the idiot who goes all into GNUS stock at the top with no fucking idea about DD.

https://youtu.be/qBmz6xRRm7k

Amazing

>>22268859
>Basically, you need to make active changes even if you are doing passive investing.
So I guess that means most “hands off” investing companies aren’t worth it in the long run.

>>22269650
I can pretty much hold forever without panick selling. Just not sure how smart it is to go 100% TQQQ

>>22269895
I'm just going by what little I know of the oil situation. All I know re: chips is that the Chinese are apparently having issues in that sector, which might mean the West will be relying on them less.
>>22269897
Right, but I'm wondering if the time for doing so has passed, and doing it at this point would be some kind of narcissistic "Imma download RobinHood and buy stawks" boomer mentality.

>>22269947
>buying "discounted" stocks like oil, airliners, REITs are a classic newbie mistake
See, this is what I was thinking.
>actually you know what, go for it. I'm not gonna tell you to NOT buy, but I'm going to tell you to not risk all your money immediately. The best way to learn is through experience and real stakes
Solid advice.

>>22269279
Atleast nio and solo have physical products

>>22269977
QQQ = Nasdaq
Nasdaq = the top 100 companies of the S&P500
TQQQ = Nasdaq but 3x leveraged
All you're doing is amplifying movement by 3x on the top 100 companies in the US stock market. It isn't even 100% tech.
Always remember that volatility /= risk >>22269986
Considering XOM which is the biggest oil company in the USA just got delisted from the S&P 500 I think the writing is on the wall. There is genuinely no point in investing in a dying industry. Don't let the bagholders tell you different. But honestly man, do what you want just don't say you weren't warned.

I might go all in china portofolio
Alibaba Group Holding (BABA)
JD.com (JD)
China Mobile (CHL)
Xiaomi Corp(3CP)
NetEase (NTES)
CNOOC (CEO)
Baidu (BIDU)

what do you think about this?

>>22269967
You will never 'make it' by investing thorugh Acorns with spare change. You will never 'make it' by taking a backseat in your own life.
Even if you prefer hands off investing you still need to be hands on about your broader investment strategy. Even if that just means figuring out how you are going to invest $2,000 a month.

>>22270182
TSM?

>>22270224
technically it isnt realy china its taiwan even though china claims that taiwan is not independent.

Buy HTBX

Kikes working on Covid vaccine

>>22270182
What about Tencent?

if you're trading TQQQ on a X-day SMA strat, do you just check it once a day at end of market or a specific time?

if i zoom in on the charts and look at every 15 minutes the SMA is all fucked up.

>>22270240
Too bad. TSM anyways.

I have slowly come to the terrible revelation that none of you know what the fuck you are doing. I have a Master's in Accountancy with a minor in Finance. I work for a fortune 100 as a corporate accountant with a CMA and CPA. I used to have some faith in anon.
None of you know how to actually value a company. You can't read financial statements. For fuck's sake you think TA works and the entire field of decision science churns out dissertations every other day highlighting their absolute dismay at the fact that brainlets ever consider using it. You have no idea what Dunning-Kruger is. You don't know what survivorship bias is. You are fucked.

How much will Tuesday be down, i'm feeling 3%?

>>22270288
maybe i'm pretending to be retardo m8

>>22270182
is there a "fuck america, chinese century now!" ETF?

>>22270164
I don't actually believe it's going to die, though: it's too important, at least in the medium term.

>>22270288
>I have a Master's in Accountancy with a minor in Finance.
How does that help you in such irrational times? By all accounts, the market does not abide by fundamentals anymore, so formal theory does not apply.

>>22270288
Active management is glorified gambling, anon. You know that. Reading financial statements means some, but not that much, since the market is forward-looking and you cannot predict the future. I also think TA is BS btw.

>>22270288
You think anybody is going to be impressed by your gay credentialism?

>>22270357
>>22270367
>>22270374
this is pasta lads

You’re delusional if you can’t see that this house of cards is valued in a bubble and the first domino has already tipped over, one day a reckoning will come, and no one will be using Netflix and the reddit meme says “haha gold price goes OOOOOOOOOOOOO” and basically the US dollar is going to Weimar and you’ll be living in a favela that used to call the USA because everyone lost their jobs and you thought a lack of liquidity and a short-squeeze was causing the stock market’s violent move up but ACKSHUALLY it’s just money printing because the stock market is meant to reflect the current employment numbers and NOT earnings for decades to come.

>>22270404
Ah.

>>22270357
>professor noseberg gave me a paper saying i was smart and am better than everyone else
its just an attempt at social flexing. jack ma is borderline retarded and hes had more success than everyone here and their family combined. cornelius vanderbilt same thing over 100 years ago

>>22270288
Yeah, but all that stuff is just paperwork.

>>22270404
shut up, this is how we smoke out the leddit newfags.

>>22268829
holy shit this hose is so fucking annoying

what's the counterparty risk for ETNs?

>>22270450
yeah, like you (btfo)

>>22270404
don't save newfags from exposing themselves anon

>>22270428
ok buy puts then

>>22270323
There's plenty of China-based ETFs.
You have general ETFs like MCHI, ASHR, CXSE, GXC or PGJ. They all use different metrics though, e.g. PGJ invests in companies on the US exchange deriving large portions of their revenue in China, CXSE excludes state-owned businesses, etc.

There's also a bunch of more specialized ETFs:
CQQQ focuses on Chinese tech.
KWEB focuses on Chinese software & IT.
KURE focuses on Chinese Health Care.
etc.

>>22270288
>I have a Master's in Accountancy with a minor in Finance.
i to learned basic algebra

>>22270428
what are the doomers endgame? you don't need to wait for the end times to kys you know, you could do it today if you wanted to, no one is stopping you.

me? im gonna keep fighting the good fight. either the good guys win, America is triumphant, and i make it, or humanity is literally over and my investments don't matter anyways. either way why the fuck would i bet on everything being fucked? being rich in post-apocalyptia is pointless.

>>22270182
BABA is legit and I don't trust anything else. Fuck Baidu they are weighing down my FNGU gains

>>22270492
Wow, how many years for that guy to figure out that dr=cr. Lol

>>22268041
honestly I don’t mind the half wagie life like that if I’m working completely remote and am partially retired, and if you have a FU fund saved you can dip if any bosses/managers give you shit

>>22270182
Stonks only go down portfolio

>>22270492
kek

>>22270327
Doesn't mean the stock value is going to rise. Stock prices go up based on future growth. Of course oil isn't going to just disappear but that doesn't mean you should be investing in it.
>>22270465
If they go down you go down, all of it.
https://www.investopedia.com/investing/etfs-vs-etns/

>>22270466
nah nigga the filter doesn't work if you keep telling the newfuggs

>>22270480
fuck you no
I don't have to do shit just because you say
but I am holding a fat stack of UVXY and 1 (one) QQQ put.

>>22270490
I've got my eye on CHIK as well as KWEB and CQQQ. CHIK might be the way to go once the trump administration finishes putting the boot to SMIC.

>>22270622
>Stock prices go up based on future growth
Fair enough, but I was looking at it more with a view to long-term investment. I'd buy, then forget about it for the better part of a decade. Don't imagine things will be good for a lot of industries before too long.

>>22268871
seeing shit like this is giving me second thoughts about GME. Feels like stocktwits on here talking about it. Someone with very large bags is gonna dump on us.

>>22270182
Xiaomi is selling well in europe and since europoors are absolutely oblivious to the inevitable chinese political and economical takeover, chink stocks will continue to rise

I will try to get a chink wife before china takes over europe so our new chinese overlord wont castrate me right away
who knows maybe I get honorary chinese citizenship

wish me luck bros

>>22270622
thanks I do need to spend my free time reading investopedia today

Europe is opened as usual tomo right?

>>22270623
The only thing that makes me reconsider CHIK right now is that it has only around 28M$ AUM.

>>22270742
>the inevitable chinese political and economical takeover
That's a meme, friend.
I also read recently that the EU are reevaluating their relations with the Chinks, which will be another blow after the prolonged supply side and demand side shocks during the first half of the year, not to mention all the Hong Kong shit.

>>22270735
then don't risk it. We're not ignoring the fact that it's still essentially a coinflip on Q2 results. There's enough DD we've talked about over the last couple threads that GME will at least not lose you too much money if Q2 does go bad because these short sellers are banking on the fact that GME goes down to like $3 or even fucking $0 when the company is already extremely undervalued. We may be retarded, but the short sellers just have to be more retarded.

i am also a bit scared because surely it can't be this fucking obvious and easy, so just don't gamble money if you can't recover from the low downside (which honestly is so tiny compared to the upside).

>>22270874
i mean the isolation between EU and China is already there.
ASML is not selling their EUVL equipment to Chinese semiconductor companies. The equipment that a foundry needs to do anything practical sub 10nm. Taiwan and Korea are exceptions to it in Asia as they're both western-aligned.

>>22270874
it literally is not
chinks have been buying up germany over the past few years, we are totally dependend

europe is a drug addict and china is the heroin

>>22270288
That's a real shame.

>>22270288
technical analysis isn't perfect, but if you use proper loss mitigation it just has to be right more than it's wrong

so i've been looking at 20 year daily charts this weekend. i decided to take a look at the past 20 years on the VIX. curious what you guys think of this, here is what i found:

>the lowest it has ever been during the past 20 years is 8.56 (11/24/17, i assume just good ol' post-Trump election bull run before US-China trade war shenanigans got into full swing?).
>the highest it has ever been is 89.53 (10/24/08 a.k.a. 2008 financial crisis obviously). It also got to a high of 85.47 during the covid crash (3/18/20).
>the VAST MAJORITY OF THE TIME FOR 20 YEARS it is around the 10-15 range, basically whenever shit is stable which is most of the time, and so there is a very hard floor there where it basically never goes lower than.
>most of the time it bounces between 10 and 20 during stable times which is fucking 100% btw
>if you bought at 10 and sold at 80 that's fucking 800% gains during any sort of crisis, although those are rare
>more frequently but still somewhat rare, it will go from the lows to around 30-50-ish, obviously much more 30 than 50. idk the exact reasons for those times but if someone wants to look at the dates on the chart feel free to fill me in.

So in short: why shouldn't i literally always be willing to put all of my money in whenever VIX is at 10-ish and all of my money shorting it when it's around 80? hell even shorting around 40 is good during any time that isn't a potential apocalypse like covid or 2008. oh and if you're curious, look at "max available" time frame, the dot com bubble only got up to a VIX of around 45-50. the max it ever got to was 172.79 but that was in 1987 (black monday).

This seems like the most predictable shit why do I even bother with stocks? Like maybe buy half at 15, buy another half at 10, sell half around 20-25, and save half in case it goes to around 40-50. wait til 80 if another GFC or covid is on the horizon from your FA. Always sell at around 80 during a crisis. Short with everything you've got at 80. Thoughts?

>>22268804
So here is the thing. The rising has been caused by a handful of companies manly tech companies. This isn't an issue if we have a real correction where the stocks come back down from their over inflated prices. Worst case scenario is they continue to go up and up to insane prices and in doing so they drag other companies up with them that have no business being as high as they are. This creates a bubble which is not good.

If you aren't sure just avoid tech for a bit and buy into more long term positions. Look for companies that steadily rose despite the Corona lockdowns and didn't fall or only fell a little bit last week. Anything that was determined necessary like food processing, and so on are generally safe buys.

>>22270280
yeah you are right I add that too to my portofolio

I bought ATM puts on gold for fun at friday's close.

horse calls

uh GME chads, i'm looking through the DD again. So these are the top holders who aren't likely to have paper hands before the squeeze. Most of them probably won't or can't even take profits during the squeeze itself.
so that's potentially up to 82% of the shares locked up, and only ~20% remaining for the actual float. I'm not gonna try and guess how many of that float are longtime bagholders, but there will definitely people who at this point would never settle for anything less than $20 if they haven't cut their losses for this long, or they might not even remember they're holding GME stocks in their account. So as a complete guess, only 20% to 40% of the shares can be shuffled around. KBIO's short squeeze in comparison was with Shkreli controlling 70% of the shares, and that was on a company that went bankrupt weeks after.

im not gonna be able to sleep, this is primed for fucking over so many short sellers.

The only other risk is a market-wide dump making the institutional funds liquidate the GME stocks. How much of an effect could that have?

>>22267378
how can i profit from this?

>>22267600
a man

>people thinking softbank did it all
>4 billion dollars

top kek, everyone wants a narrative to the market. Think one whale with 4 billion can move the entire market since march lows? Think tech wasn't on everyone's mind? rofl

>>22270428
This is a small example

Netflix is doing very well in South Korea to the point of dominance. The global story on netflix is pretty rosy lately.

So if Tuesday opens low what cheapies are we buying?

>>22270874
>>22270742
>>22270949
>>22270959

reminder that TSE was the biggest stock exchange in the world during the 80s with 60% of the world's market cap.

this "muh America, always bet on America" is pure survivorship bias. No one knows the future.

>>22268837
literally this. Thursday and Friday were a simple profit taking after a few days of upward movement.

>>22271395
MSFT was a good one last week imo. QQQ. Chip ETFs. Maybe some GOOG.

>>22271220
I’m tired of waiting anon. My calls are for January so eventually they’ll print but I want to have fun right now.

>>22271428
but I advocate the opposite

Avoid all heart of america stocks. Go for the tech companies and ones that attract the most talented grads.

FB, GOOG, AAPL, NVDA etc are what you want and avoid everything else America.

>>22271395
msft, appl if i can get sub 110's, upro and udow since i feel tqqq is getting maxed currently and they have more headroom short term.

>>22269483
we will just crab, there’s no reason for a massive dip like that, unless you have insider intel

>>22270288
i’ve seen this copy/pasta so many times now

>>22270428

Personally, I'm investing so that I can have an off-grid house in the forests of Idaho within 5-8 years.

Guns, ammo, library, woman, pets, couple of my kids running around...

>>22267248
Is tomorrow the day to buy? I've got 1500 dollars to buy some shit

I put half of my net worth into QQQ bros it better come back this week

what calls are you GME chads buying? im thinking january expiration but not sure on the strike

>>22271704
Jan $15 and $20>>22271699

I'm currently trying to figure out what's the best strategy for buying LEAPS with the maximum amount of profit for a stock I'm bullish on. I've been using optionsprofitcalculator.com for my test. Through using this site it seems to maximize profit, the best thing to buy is 5-10% OTM. But what if I believe the stock could double in a 1-2 year period? Is 50% OTM retarded?

>>22271704
have only picked up 100 shares so far, still accumulating. calls i would be looking at $15 strike personally.

Im buying 15 shares of TSLA on Tuesday at $392. Will I make it?

>>22271799
No, don't buy that. Are you stupid?

>>22271814
why not?

>>22271108
also: how do i trade the VIX? literally just VXX or /VX? i guess it's just too good to be true, pisses me off of course the jews wouldn't let me have free money ever.

>>22267600
true

Wonder how many weeks it'll take to regain the $3800 I lost on Thursday thanks to the samurai.

>>22271271
fuck, not sure I can long GME in europe

>>22271799
no but Im willing to counter trade

>>22271814
Elon is going to unveil his battery projects on battery day, he always has cool unveilings.

>>22269464
As long as GM ends up finally dying like they should have decades ago I'm good.

I recommend everyone set your prediction dates to January 2021

What we are entering is an uncertainty bubble in the short term due to political effects. Stimulus, election, etc and a side of coronavirus.

What this means is September, October, November will be volatile in up and down ways. BUT, we have more visibility into Q1 2021 than October.

So any action you take now if you want to make the "ideal move" even if it loses for 3 months should be based on Q1 2021 which has more visibility.

So spend the next hour imagining the possibilities for Q1 2021

- We have a president
- Post election mania is over
- Coronavirus vaccinations are in swing worldwide
- Stimulus has passed, probably 1.7 trillion
- money velocity is increasing, Disneylands are booked solid for the next 6 months, everyone taking their vacations, a bubble in restaurant visits etc
- So you can expect inflation to increase here, possibly spike due to the sudden increased velocity associated with pent up demand and savings
- still many unemployed but the spike would help

Dems win - Higher overall spending offset by an increase in some taxes (still below 2016 levels), SALT deduction probably re-added to help rich donors in blue states pay less taxes though.

Repubs win - Same as normal but less property value in blue cities as they suffered riots in Nov.

What this means? Expect dips and spikes, maybe a slow rise, who knows over the next 2 1/2 months, but if you target early 2021 you can invest now pretty confidently.

There are two major plays in USA market to make imo. You can bet on re-open and sell during the spike then go back into tech. Or just stay in tech. Any barbelling of the two can work. Just make sure to not believe in the "spike" and sell it asap because it will be pushed up by momentum and the pent up demand. The actual companies are still shit and have too big of holes

Tech will benefit from the better macro conditions, but will show in ER, there will be multiple rotation attempts

Is renewable energy a bubble?

>>22272324
Nah, but you need some advantage or it's too much of a commodity. You can't "own" it like with oil. No country will become the saudi arabia of renewables.

>>22272204
>a bubble in restaurant visits
what do you mean with this?

>>22272324
Someone just needs to come up with the technology to double solar's efficiency from its current stagnation of around 22% capture and then it wouldn't be such a meme.

>>22272366
lots of pent up demand of people who want to eat out, especially boomers, who begin to because of a vaccine/treatment or etc

>>22272204
thursday and friday specifically made me fully aware of how bad an idea it is to gamble short term options in this market, in the short term at least. for basically all the reasons you just outlined. why gamble money on short term when im pretty sure how things will look in 5 months?

>>22271997
TSLA has no upside iuam, the only long thesis at this price was forcefull buy on index inclusion. SP reject makes this company worthless (as it was)

>>22272388
Interesting, i was thinking people still won't go out because they have become accoutered to getting stuff delivered

>>22272427
I dont think it lasts long but lots of people probably want to travel and all that demand is getting pent

Apple starts trading on Russia stock exchange monday. Then the eoy iphone hype.

>>22272324
It's a meme, but I don't know if there's enough interest in it to be a bubble.

>>22272466
AAPL 200 EOW

>>22268607
No you’ll be fine, tell us what you know anon

also the bond bubble and valuations are way more exuberant than tech stocks.

>>22272466
>>22272500
Double dubs, green ids confirm

What happens if Elon decides to announce a reverse split 5 for 1 and he was just trolling all along? He's one of the few people i can see doing that as a joke.

>>22271660
Nice delusions, pal.

How do I learn about all the terminology you guys use without looking up everything in investopedia one by one? Longs, shorts, calls, options, and all the acronyms and stuff you use. Is there a book that will teach me all of the basics? I don't like learning ad-hoc.

>>22272540
lurk/youtube

>>22272500
>>22272524
shit, changing my limit sell orders so i don't miss out.

>>22272540
It's a big advantage to have an intuitive touch and feel style understanding of these things versus a book definition

>>22272540
A finance textbook.

>>22272621
Retard.
>>22272540
https://www.amazon.com/Essentials-Investments-Zvi-Bodie-Professor/dp/1260013928

>>22272540
>without looking up everything in investopedia one by one
unironically just do this
it's really not that hard

>>22271348
Seems pretty suspicious how they got the blame but it feels off like the media isn't telling the whole truth. Media has already proven to have ulterior motives.

Either
>one company has enough power to cause a marketwide dump
>many companies dumped on purpose

The first one sets a precedent that nearly all stocks are overvalued. The second one continues to prove that the media has its own motives and that many large firms seek to fleece retail.

Either way the market is getting way too choppy for comfort. We're not about to get a 2008 tier dump are we? Eg. 2007 had a dump and then it recovered only to dump even harder later on.

>>22272672
Context is important, I have been looking things up one by one already but I don't feel very confident with my knowledge so far (even though Investopedia really is fucking excellent). I like things that are more cohesive. Its like learning about something from a textbook vs. individual wikipedia articles

>>22272627
Yeah I was basically looking for recommendations for just that. I don't know if there are any 'gold standard' or general recommended bible tier books for finance, specifically the stock market.

>>22272466
Ehh we already heard about that how's that gonna pump it?

>>22272684
softbank didnt dump the market. The story broke days before the dump. It just said softbank bought lots of calls and stock this summer to get tech exposure.

>>22272540
>I don't like learning ad-hoc
but thats the most fun way anon

>>22272672
I prefer that way myself, jumping into a few chapters of a textbook feels way more exhausting than a bit of research every time I encounter a new concept.
I feel like it makes the information I'm reading more immediately relevant and increases my retention.

>>22268033
Someone literally says the Market is crashing tomorrow EVERY SINGLE DAY on here

SoftBank may have touched off the sell off but you can’t truly blame any one player. If one player is able to set off that drastic of a shift it’s because the market is already standing on a rickety foundation and just looking for an excuse to correct.

>>22272814
market is definitely going to crash tomorrow, though.

Is the short gains tax really that bad? I like swing trading and leveraged etfs but so far I get nervous when they are up a lot so I sell. I didnt have the stomach to hold through this dip either. All my trades have been short term so I wonder how much of a bitch taxes will be next year.

>>22272814
One day they'll be right

>>22272856
>tomorrow
Anon, I...

>>22272741
Just like literally everything else, information through books, websites, etc. will give you the foundational knowledge. You'll only get context with experience, immerse yourself in the game so you'll be hip to the lingo, there's really no shortcut to it.

>>22269483
>>22271544
>There is no trading on Monday
>You didn't know that
>Therefore you have no knowledge what-so-ever

>>22272856
Literally the only day we can tell you for sure it won't crash is tomorrow

>>22272366
>>22272427
It's gonna be one of the biggest NAtion-wide parties ever in US History as soon as we have the all-clear.

>>22267500
well the big money is pulling out and its been long overdue

>>22268829
sounds like they really like tqqq but also who cares

>>22270840
good point

>>22269948
what is it?

>>22272857
all taxes are bad

QRD? Why we crashing Tuesday?

>>22273083
taxing e-girls and other thots and sexworkers is based

>>22273099
The thread is just overrun with bears. They've been saying "the market will crash tomorrow" every day for 6 months and they finally had a dip so they are jumping in

going to seiwa market anybody want anything

>>22272887
>>22273053

>>22273169
>Heh... I was only pretending to be retarded

>>22272839
>If one player is able to set off that drastic of a shift it’s because the market is already standing on a rickety foundation and just looking for an excuse to correct.
This. It's what is making me paranoid of a 2008 style dump that ends up taking 4 years to truly get back to these prices.

>>22272857
It's 10% up to ~9.9k, and gets worse after that.

>>22273083
based

>>22273204
for fuck sake, i need a deadcat bounce just until thursday to get the ball for GME. I dont wanna have to long GME

>>22273204
looks like theta is back on the menu

>>22270164
>Oil/gas
>dying industry.
You don't understand the energy sector.

>>22272204
Q1 2021 would be easy to predict if Biden wins. If Trump wins, the US will enter some kind of weird civil war.

>>22267248
Should I invest in DPZ?

>>22273243
>paying taxes
lel, the main reason i cope with living in cucknada is the fact that we get to trade stocks and non-margin options tax-free in a TFSA.

unless CRA decides im too successful and says I used my TFSA as a personal business, but GME would have to go to like $500 for that to happen with the tiny amount of capital I have.

Good morning /smg/

My stomach hurts because i have only eaten a hotdog in two days

>>22273143
Package of gyoza pls.

Why does the market always dump on thursday?

>>22273204
...you know you can trade both direction, right?

>>22272746
Gamma squeeze. Not only did they buy derivatives, they bought lots of the underlying.

>>22268814
strangle your dangle, its a long weekend anon

Did you guys buy HTBX Friday like I told you?

Easy 3 month hold

>>22273565
based

>>22267974
Done.

>>22273464
I understand that I will make significantly greater returns investing in tech than I will in oil. That is all that matters.

>>22273565

stop buying chainlink

some of my cash is locked up for a month and I might have to use a line of credit (2.95% interest) to buy more GME.
how retarded would this be to do

>>22273750

Extremely

Buy CLF options and buy HTBX at the 3 month bottom

>>22273750
Doesn't matter how retarded it would be
>Anon does it, market crashes and he feels like a retard for doing it
>Anon doesn't do it, GME blows up and feels like a retard for not doing it
Either way you wont win

>>22273143
Bit of beverage for me, please.

>>22273750
lmfao. this is a sell signal for GME bros

>>22273750

So let me get this straight. You had all this time to load up on game stop and you want to buy it at the 6 month high? Am I trading amongst idiots here??

>>22273795
fuck you're right, i guess there's no difference in the end whether i get high 5 figures or med-high 5 figures in the end anyways
i can stomach a -40% loss on my cash (weedstocks lol) but I probably couldn't stomach one on loaned cash.

>>22267248
We're in a bear trap.
I saw someone on Facebook saying "There's plenty of ways to make money in a down market! Buy inverse ETFs!"
This person started investing about a month ago.

>>22273825

And you want to take out a loan to buy this??????? Revolving line of credit????

To buy gamestop at its 180 day high????

Been an unusual number of gets here in the last hour.

AAPLFAGS BTFO HAHAHAH

>>22273825
i've already increased my cost basis under $6 to $7.5 for a reason. More certainty of the momentum changes my risk assessment entirely.

Baking

>>22273750
Please post your losses here if you do. Of all the stocks you wanna bet on fucking GameStop?

>>22273869
>>22273869
>>22273869
New

Do your part, prevent trannies from splitting threads

I'm finna link the new thread

This gamestop loan anon is peak smg stupidity lol

>>22273890
Fuck off tranny.

>>22273885

The irony of your posts.. you are 15 posts early tranny

>>22273907
You made youre penny stock shill thread 30 posts early. Sorry you lose tranny.

CLIS - I dunno but they're getting celebrities/semi famous people on board now. It's only 8 cents. The high was 27 cents. Normally I stay the hell away from penny stocks but I mean hell there's gotta be something to this, otherwise why'd the big names jump on this if they're not gonna get something from it..

Real thread here lol

>>22273564
>>22273564
>>22273564
>>22273564

>>22271956
Well, if I can....

>>22273936
Look how desperate this dumb nigger is to shill his penny garbage. Lmao.

Real thread
>>22273869
>>22273869
>>22273869

Not tranny, not shilling, not a discord faggot.

>>22272540
Pic related is a good book to start with

>>22273854
literally who
i'll sell my apple when I see portnoy shilling it

>>22271834
>>22271834

PE 1000

>>22273565
What brand of bun condiment and dog?

>>22271660
Why Idaho?

>>22272540
https://www.youtube.com/c/LivetradersNet/videos?view=0&sort=p&flow=grid

>>22270428
Okay, now try writing this again. But try after you've sobered up from the Adderall and can properly end your thoughts.

>>22271660
no one is gonna want to live off grid with you anon i hate to tell ya