To add to my above post, the issue with NFLX was also that I didn't know the company very well. My due diligence was a tiny fraction of what I did for AMD before I invested in it.

Thereby another big lesson learned - The type of DD done mostly by retail is from a bird's eye view and they depend on the perceptions and opinions of analysts. I mean most of us wouldn't buy land or houses or other major investments without really getting our hands dirty, but with stocks we seem more than happy to.

That lack of real in-depth knowledge causes us to panic when we see huge price movements.

I guess this is exactly why I've heard Buffett say, "We don't own stocks, we own a portion of a business we believe in."

Did anyone think we would never recover in 08 or 01?

I do think the post pandemic world is different. Companies are getting lean and there are lots of jobs not coming back plus lots of bankruptcies. Work from home is much more accepted. That will have huge implications for energy, commercial real estate, travel, clothing, furniture, auto makers, construction, etc.

Can you imagine going to a conference?

Does anyone have any insight on the floods in China and the situation brewing at Three Gorges Dam? Even if the Dam holds this could have an affect on agriculture and pharma supply chain? Seeing how the CCP handled Covid news I'm not too confident in their reporting on this. I know Irish has facilities in China but seeing as F16 took him down I'm hoping someone else can contribute information.

$30,000 Millionaire said:

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Did anyone think we would never recover in 08 or 01?

I do think the post pandemic world is different. Companies are getting lean and there are lots of jobs not coming back plus lots of bankruptcies. Work from home is much more accepted. That will have huge implications for energy, commercial real estate, travel, clothing, furniture, auto makers, construction, etc.

Can you imagine going to a conference?

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Hotels and airlines won't return to normal for years and SPG should be a penny stock.

aggiedaniel06 said:

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To add to my above post, the issue with NFLX was also that I didn't know the company very well. My due diligence was a tiny fraction of what I did for AMD before I invested in it.

Thereby another big lesson learned - The type of DD done mostly by retail is from a bird's eye view and they depend on the perceptions and opinions of analysts. I mean most of us wouldn't buy land or houses or other major investments without really getting our hands dirty, but with stocks we seem more than happy to.

That lack of real in-depth knowledge causes us to panic when we see huge price movements.

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I thought Redbox was going to kill Netflix but they pulled off the transition to streaming

Wasn't that also about the time that Netflix was spending huge sums of money on original and leased content?
I remember for sure in 2018 that there were a lot of analysts saying that their money spend on content wasn't sustainable.

aggiedaniel06 said:

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God only knows why he believes in Wells Fargo!

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I've wondered about that one too

Kudlow says coronavirus relief will include $1,200 checks and extension of eviction moratorium

https://www.cnbc.com/2020/07/26/kudlow-says-coronavirus-relief-will-include-1200-checks-and-extension-of-eviction-moratorium.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Seems like a lot of people I know that have been employeed this whole time have been saving a lot more money and still getting these checks.

khaos288 said:

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Prognightmare said:

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Kudlow says coronavirus relief will include $1,200 checks and extension of eviction moratorium

https://www.cnbc.com/2020/07/26/kudlow-says-coronavirus-relief-will-include-1200-checks-and-extension-of-eviction-moratorium.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

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I could see a good compromise here. A stimulus pointed much more to the people (a lot of flak has been thrown for how much was thrown at businesses in comparison on the first), would be nice. An extension but reduction in extra benefit is probably the middle ground. There's a lot of potential for a good execution of a transition to normal plan.


I'm sure they'll **** it up.

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I wouldn't chase it Monday, but if SNSS runs hard premarket, I will sell half or more and sit on the rest net free. I believe they also got an extension on the delisting (need 10 days above $1). @RadioSilentplay and Iamjohn are big on it now (and think buyout). Not holding my breath, definitely take profits

https://mobile.reuters.com/article/amp/idUSKCN24R0IN

Some good ones to play this week

Starting to think, put them all and the ratio will pay off the losers

I'm down.

Condor / iron fly on all?

Interesting article on the way AMZN has washed out competition over the years, IP theft all over the place IMO. Seems like they can get into some serious trouble as the Feds are still reviewing many of these cases.

https://www.wsj.com/articles/amazon-tech-startup-echo-bezos-alexa-investment-fund-11595520249?st=mjz0hdbx2vcl94k

BREwmaster said:

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gig em 02 said:

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Snss went from .35 to .5 after hours I NEED ANSWERS JUST THROW THAT SMOLLIET FAKE AG IN JAIL AND GIVE ME SNSS ANSWERS

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yeah the patent with BIIB as another poster mentioned, also buyout rumors, but those could just be rumors.

More importantly, lots of bullish technical indicators firing on it. Also the volume AH was legit, not just a few shares type pump.

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It's a .50 buy right now premarket for tomorrow. (So way off the .33-35 initially talked about.)

Is .50 coming in too late on this thing?

IP theft of broad ideas is very hard to prove, and I imagine if there's any company that has it's i's dotted and t's crossed when it comes to protecting themselves, it's Amazon.

Most of it can be filed under "damn, we probably should have protected ourselves better before going to a company and telling them our ideas".

So I looked at futures at 6:30 and they looked so promising, then I went and got in the pool for a couple hours and now I'm annoyed

$30,000 Millionaire said:

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So I looked at futures at 6:30 and they looked so promising, then I went and got in the pool for a couple hours and now I'm annoyed

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Flipped to green I guess?

$30,000 Millionaire said:

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So I looked at futures at 6:30 and they looked so promising, then I went and got in the pool for a couple hours and now I'm annoyed

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It's actually better if the futures open green and then sell off aggressively. That is better confirmation of a reversal.

Orlando Ayala Cant Read said:

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It's a .50 buy right now premarket for tomorrow. (So way off the .33-35 initially talked about.)

Is .50 coming in too late on this thing?

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it's a little late, don't chase it - I would watch it at open. If it doesn't run pre-market, you may get a pullback entry after the open if you want it.

Prognightmare said:

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$30,000 Millionaire said:

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So I looked at futures at 6:30 and they looked so promising, then I went and got in the pool for a couple hours and now I'm annoyed

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It's actually better if the futures open green and then sell off aggressively. That is better confirmation of a reversal.

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I hope so

AMD have room to keep running?

khaos288 said:

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WoMD said:

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AMD have room to keep running?

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Bigly

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All hail Su Bae

BREwmaster said:

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Orlando Ayala Cant Read said:

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It's a .50 buy right now premarket for tomorrow. (So way off the .33-35 initially talked about.)

Is .50 coming in too late on this thing?

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it's a little late, don't chase it - I would watch it at open. If it doesn't run pre-market, you may get a pullback entry after the open if you want it.

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So I've been following him the last few days now and I cannot tell if he's posting his predictions before after hours jumps, or after the jumps have already happened. For instance tonight he posted about BFCH looking up and that stock is showing +20% in after hours. So I'm not sure if he's making a prediction, or just making an observation at times and trying to take credit for a prediction?

Same with SWRM. Up 15% but not sure if he picked that increase, or if he's just taking credit or observing it.

SLV is up over $22