/biz/ - Business & Finance

I made $5 yesterday

>>17143956
club on

Every day until you like it.

>>17143956
i made $7

>>17143972
yes I also listen to glorified TV boomers

Buy T.

CASH IS TRASH

>>17143935
Why did none of you idiots tell me to buy UBER? Fuck you

Thoughts on investing 1k into CHAD or the fear index? I think the chinese shutdown is going to have a big impact on these two stocks. What are you thoughts on inverse EFT's?

>>17143972

what's /smg/'s best 3 long term investing stocks?

>>17144052
AMD, except you triple down on it.

Dubs and ONTX does another offering and leaves you all bagholding

>>17144066
RIP ONTX owners i guess.

So is anyone trying to figure out what will be talked about here? For all we know ONTX will be AMRN 2.0

>>17144066
Checked

>>17144052
Soxl, msft, tsla

>>17144063
don't bring up AMD pls, massive regret not buying in 2016

>>17144052
Depends on what you mean by long term.
Most people here think long term means one year.
Long term to me is 10 years or more.

i'm getting ready to get into options trading as a new trader having only bought and sold stocks directly at market price, deliberately as a first step tip toeing into the business.
my next tip toe is only buying and selling call options, and so i wanted to check if i'm understanding this correctly.
so pic related (just as an example, i'm not actually going to do this) will open a call option on 100 shares of Ford that i can sell to close once it passes $9/share, and this contract will expire on sep 18th 2020.
so say it's july and it's $9.15/sh.
to make the return, i would sell to close 1 contract at market price.
is all this accurate?

and fast fowarding down the line, when i feel ready to play put options, to place a put option on F I would basically do the same as above except sell to open the put option, and buy to close once it had reached the strike price before expiring.
is this also accurate?

>>17144096
>>17144063
I bought a ton at 46.5 but I feel I've pretty much missed the boat. Expecting slow gains but nothing special

>>17144096
it's still going up, 2020 is going to be a big year for AMD. lots of catalysts and people are very positive on the company's prospects for the future. they're just going to keep innovating and taking more market share from the big bois. if you look at the OBV and recent announcements of tutes buying up a shitload of shares on the nCoV panic, everything is very positive for the stock in the long term right now. even in the short term it just broke $50 again, wouldn't be surprised at all to see it make a new ATH in the next 1-2 weeks especially if nCoV is getting better.

>>17144077
no idea, but i have $200 riding on that. i fully expect it to crash and burn to zero, though.

>>17144127
can you name some catalysts?

>>17144130
buy the rumor, sell the news anon

>>17144035
$YANG is a bear etf. 3x leverage.
$yang is a bull etf with 1x
Try going for a bull leaning straddle on the $YANG with expiry set out about a month. You could also try LEAPs on the $YANG. ATM calls

>>17144144
i already did: >>17143904

nearest catalyst is probably the financial analyst day on march 5th, where there are rumors that they might unveil the new nvidia killer big navi there. until then im basically holding half of my shares while DCA'ing the other half and selling it when it makes enough profit. i'll probably sell the whole thing before the march event, buy back in after the news is sold.

>>17144117
No. You'd buy to open, sell to close just like the call option. Buying calls/selling puts is a bullish move. Selling calls/buying puts is a bearish strategy. Stay away from selling options until you feel that you fully grasp the dangers of contract writing i.e. assignment risk. Selling options without understanding how they can fuck you will end up with you looking like those Nazis at the end of Raiders of the Lost Ark

>>17144130
Buy the rumor, sell the news

>>17144130
Buy puts

>>17144122
Hedge your position with puts

Be honest with me lads, monday is gonna be red isn’t it

wanna shill something with promise still under the radar as thanks for being shilled good things here

TLTFF

Its a Leaf company but they have a promising approach to treating bladder cancer. instead of resecting the tumor or using chemo or bcg they use phototherapy to painlessly and bloodlessly destroy noninvasive bladder cancers. The therapy may work in other solid tumors.

Currently in phase 2. Should be there for a few months so take your time and do your DD.

>>17144244
thanks anon, will look into assignment risk.
right now i've got tunnel vision on words like "maximum loss" regarding premiums on call options.
people also talk about how options are cheaper, but having to trade in 100's of shares doesn't seem cheap.
what am i missing?

>>17144278
thx anon will check out

>>17144274
Depends. I predict a low red start, followed by high uptrend about midday, and then a shaky close in pink

>>17144274
yes
maybe

>>17143935
How do you guys find put/call options that are cheap? Looking for things that are under a dollar, for example but I'm not sure where to find that info.

Got some March/April MSFT calls for super cheap thanks to a nice anon on here who tipped me off.

>>17144117
This should be interesting to watch. Don't sell too early... Post daily results.

If any of you aren't larping brainlets check out the accounting voodoo that sunk the price and do your own analysis. You're welcome for the 5x+

t. been in since $0.43

im curious:

anyone on /biz/ trade for a living? no day job or anything? right now i use half of my money managing my AMD position and half of it scalping intraday when i have some free time to kill while at work. it's something im working towards, the goal being $40-50k/year from it. im also learning how to code my own EA though so if i can just automate my scalping method i could probably keep my job while also having a secondary income to help me get to early retirement faster. i know not everyone can code, though.

What's the next BYND?

those tesla calls from 0.01 to 50 fucking dollars has ruined me. didn't benefit or lose by it just fucking destroyed I could've taken $100 and turned it into money that would've allowed me to tell my job to go fuck itself for a year. torn between killing myself or just putting everything into a reit that will inevitably get fucked because thats my luck.

>>17144274
not for BYND

>>17144372
You buy any calls or just holding it? Looks like a really good play for dogshit cheap.

>>17144381
waiting until i have 25k in equity to do pattern day trading and then i intend to.
just seems too easy honestly not to

>>17144422
Why not?

>>17143956
I made $6.66 off 0.66%

>>17144431
you might consider looking into trading E-mini futures, /ES. futures contracts for the S&P 500, pretty sure it gets around the PDT rule. they even have micro E-mini's now if you want to go even cheaper. you get to trade the market as a whole basically, on E-mini's a 1 point move is worth $50. otherwise it's basically the same as trading stocks.

So we're all selling ONTX before the conference right?

>>17144466
>66
wow
how does he do it

>>17144381
i have enough free cash to try just dont have the balls.

my wagecuck job is pretty good so whatever.

>>17144451
shitpost reasons, and digits

>>17143956
>>17144466
i made $350 in less than a half hour just buy one E-mini contract on a retrace back to the low of the day and selling it when it went up 7 points (a point or two below resistance).

>>17144466
>food stocks

>>17144521
feedstock is one of the biggest indurstrees in america

>>17144498
you should really look into understanding TA with indicators. takes out all of the guesswork. most of the work involved is the backtesting and paper testing, upfront. once you have the data to show you have a profitable system with a good risk management system, you just take every signal your indicators give you and manage them appropriately.

>>17144469
i'll look into it.
anything to get around that PDT bullshit (probably very very smart bullshit but still)

>>17144423
Large position, the volume of the derivatives are pretty low and I'd like more liquidity. This is more of a 1-3 year play anyway. My calls are in X and PCG.

>>17144521
also this bull market can't be beat. it's incredible

>>17144549
https://emini-watch.com/emini-trading/emini-futures/

ignore the indicators he's trying to sell you and otherwise, lots of great info on that site.

any introductionary books for TA? can it be useful?

>>17144521
Ag stocks are unironically good buys right now. They are dirt cheap and we hit carrying capacity around 2050. Food will only go up as population keeps rising. Look into ADM and BG dollar cost averaging next 30 years, you will make a fucking killing.

And for the inevitable retards: no people won't stop fucking, no we won't be growing food in scryscrapers or in space or whatever dumb shit is coming to your mind, and no there won't be another norman borlaugh to put a bandaid on the bullet wound again.

>>17144591
awesome, same as this place i'm treating pretty much all sources not as good or bad but am just googling shit they say.
finna make it.

>>17144618
No, its astrology for men and anyone who swears by it is no better off than a cow shitting in a field picking stocks

>>17144618
There's an entire field dedicated to forecasting and patterns called decision science and they write entire dissertations on how retarded TA is. There's enough fucktards using meme lines though it has become a self-fulfilling prophecy so big financial institutions write programs based on it it scalp faster than your average joe and rob the shit out of them over time.

>can it be useful?
short answer no, but there's plenty of survivorship bias in this thread to tell you otherwise.

>>17144618
just watch all of No Nonsense Forex's videos on Indicators (yellow title), Psychology (blue title) and Money Management (green title). most solid foundation you can hope to get, then you can take it from there and run with it as you research into things further and do more and more testing.

>>17144641
what a lot of people don't seem to understand is that even though many of these "gurus" try to sell you shit, you can literally just take what you can from their free stuff and simply not buy anything. i guarantee you can learn everything you need to learn about stocks and finances for free from the internet, you just have to be willing to put in the time investment. then after you get enough information from enough different sources, you can cross-reference them to figure out what is bullshit and what is real.

>>17144077
Well I do know that these conferences you gotta pay to attend them. ONTX (& others) all have to fork out money to attend this. So why fork out money and suffer the public humiliation if your presentation is "bad" for your company? So at least the things under discussion will be good. What those things will be is still a big secret. Then you have the Phase 3 data. That's still to come out. But when you look at what they've done so far (deals in place to market it en mass upon FDA approval) it all looks good. Those things (Conference news and Phase 3 data) will be the kick in the ass the stock needs. If you've got a shit load of shares you may not even have to wait for the other kick ass things (FDA Greenlight or buyout) in order to walk away with a pile of green.

is the FEAR over for coronachan?

I can’t decide if I should exit or increase my Marriott short.

>>17144674
enlightenment is achieved when you realize you're supposed to combine fundamental AND technical analysis together to make proper discrentionary decisions with trading. if you honestly believe you can't have a profitable trading strategy based on TA, even just TA alone, you're just flat-out wrong.

>>17144749
eXIt my guy, the worst has yet to come

>>17144749
the fear went away but it's about to come back

>>17144706
that is exactly what i'm doing.
breaking even on my education so far, with a VERY high ceiling

>>17144749
not yet but it's coming to a close i think. took some profits on friday and plan on buying more shares if it drops again. BTFD

>>17144767
But if the worst is coming, shouldn’t I stay in?

>>17144775
paper trade for as long as you need, my man. the hard part is getting together a system that works well, and getting the data to support that this is true. after that it's literally just about grinding out trades over and over and over and over again the same exact way every time. no emotions.

>>17144780
You’re BUYING travel stocks?

I regret getting stopped out of my Carnival short. This princess quarantine is killing the stock. Now RCL is banning Chinese.

>>17144540
I literally don't have the time.

t. self employed father of 4 who works six days a week

I wonder if that dude who bought options to only find out that the ETF was closing has roped yet or if he is gonna be ok

>>17144804
>You're BUYING travel stocks?

lol hell no, im in AMD. it too got hit by the nCoV panic, i just bought more of it and then sold some of it on friday's nice pump over $50. obviously the fundamental story right now for travel stocks is bearish.

>>17144813
i remember him. I lost big when AMRN trading was halted on a friday before close so I was stuck my my calls after it crashed.

feels bad man.

>>17144813
probably too traumatized to post for a while, at least owning it in a post.
killing yourself isn't easy even if you have the means.
it's why there are so many homeless people.
if i ever get there i'm gonna panhandle and spend every day on library computers putting my meager excess income into crypto and stonks

>>17144787
oh, I didn't read it fully, hold until they somehow find a definite cure then

>>17144077
>>17144494
It’s good you are trying to warn people about what will obviously happen, but don’t help these retards out. Let them learn to be intelligent like you through their own mistakes.

>>17144674
Oh shut the fuck up, I swear you don't know two things about TA to utter a damn word about it. I got into trading TA and have done it for years now because of both my father (trading since the 90s) and friends. Do you think price just reacts based on nothing? Why does trends exist? Why do price react to certain areas? Yes HFT exists and price is "manipulated" to an extent by the big boys.. especially forex, but they will still use the same fucking TA you use. You're probably one of those people that thought he was trading by buying the top of a pump and ended up getting fucked in the ass because you don't even know how to manage your trade when you're in it. Be honest, it's okay.. let it out.

Well fuck. Got a statement from the people who deal with my retirement plan. Seems that I can't buy that time I worked in the private sector after all. Oh well it was only 1 year and 3 months I was trying to buy. Still racking up the sick time (11 months now) so long as I don't need it, it just piles up ready to be used as service credit when the time comes. (22 months max). Can walk out in 2031 as it stands now. Only 11 years.

What happened to rkg?

>>17144494
>>17144944
the thing is they have THREE this month...I'm probably gonna sell before or after the second one unless the news looks positively bullish...like "we cured cancer and merck is buying us for 50 billion" bullish.

>>17145004
shes quesadilla cheese now

>>17144127
This week I picked up some $80 calls about 100 days out. I used to toss 100 shares around every now and then when it was in the low 20s but quit in fear of getting burned. Sucks.

>>17145023
Hat too small

>>17145004
"she" joined the other 41% of "her" kind

>>17144088
Checked and based.

>>17144944
But I want everyone to make it...

>>17144088
Might as well go FNGU then

>>17144951
oh I hurt the meme-liner's feelings

>>17145230
I know you don't know shit about TA, so do me a favour and explain the basic setup of a trade. Use the ES march futures to make it simple

>>17145230
>>17145268
My bad you probably don't even know what that is. Just pick your typical penny gambling stock and show me a good trade setup

I have a substantial amount of cash ($100K) in my savings account. Is it a bad time to invest? It seems like the world is going to shit. I don't know anything about money. Which is also why I have $100k doing nothing in my savings account.

>>17145019
warning is appreciated, still hesitant because of three presentations in a month though... might sell a bunch on monday to break even and gamble off the rest as free money over time. are we sure it‘s gonna dip adter the pres?

>>17145396

Strangle SPY and YANG. Market is gonna be bumpy this week = $$$$$

>>17145396
you can make money when things go up and when things go down.
there are things that go up when other things go down, and vice versa.
buy low.
sell high.
and here's the best part.
it's easy.

>>17145401
>are we sure it‘s gonna dip adter the pres?

Impossible to know. It could go to 3 bucks. 1 buck. Down. No one knows.

My gut tells me to hold and see how it reacts to the first conference.

>>17145396
what are your future financial goals?
your investment strategy will proceed from your goals and your resources.

>>17145409
i really like my billion dollars

Anyone buying Nokia? Could a stock like that really go to like 100 a share? Is that possible??

Do you know which flight companies are the most hit? A lot of companies stopped their flight to/from china. Might be a good idea to look for a short

>>17144029
Because UBER is shit and its rally is nearly finished. It will lose 50% again soon.

The better question is why aren't you buying ABBV LMT AMZN TSLA SQ GILD INTC and NVDA?

>>17145115
there's a good lad

>>17145463
Whats the optimal underperformance vs. the market, on a 10 year time frame, where I can expect Barron's to call to interview me?

>>17145466
US Govt announced they aren't intending on buying Nokia, and that's what the bump was speculating on. It's probably going to dip this coming week.

>>17145424
I'm a lower-middle class Canadian in my early thirties. I'm a degenerate slob with no real goals in life. The only thing I really want is enough money to buy a home but I missed my opportunity to do that and I can't really afford anything I want to buy with my salary.

But really the money in my savings account is losing value because of inflation and I just want it to be growing. I just want a relatively low to medium risk investment strategy where I can't lose everything unless its some end-of-the-world scenario. Is there some ETF I can just dump it all in and forget about it?

>>17145396
At the very least get a Roth IRA, buy some bonds, a few CD accounts, and get s&p500.

Maybe start a dividend stocks portfolio?

Daily reminder that ONTX is debtless and specializes in rare cancers (only tens of thousands of patients) that have had no real breakthroughs since the 1970s. Not many companies pursue these cancers as they aren't very profitable. Look at the colossal increase in volume starting around DEC. This company is getting bought out to corner RAS gene cancer therapy.

>>17145528
If they follow through and subsidize 5G infrastructure though

>>17144351

Being under $1 isn't how you classify options as cheap. You have to understand IV, or Implied Volatility, if you want cheap options.

The option could be 25 cents, but if it is 25 cents at 140% IV, that is one rip-off, expensive option, especially on a "cheap" single or double stock.

Conversely, $10 for a call three strikes out with 2 weeks til expiration could be a bargain if the IV is 15% on, say AMZN, that is nearly guaranteed to move ITM on that strike. You'd be absolutely retarded not to go all-in on those calls at that price.

>>17145487
I know AA is a big one on flight cancellations

Saw an article about buying Spirit because oil prices have been down and they have no exposure outside North America.

>>17145575
>>17145528

This is likely. Not a federal takeover.

>>17144422
110% agreed.

BYND rdy to move. Plus, the narrative is becoming MEATLESS MEAT with the chinks gassing millions of hogs and chickens.

Also long /HE, otherwise known as LEAN HOG FUTURES. Pork prices are at historical lows, ching chongs need food and just cut USA tariffs on certain foodstuffs by 50 percent. Easy 100% move in the next 6 months, one contract can net you about $18k if you play your cards right and buy now.

>>17145396
Is your money in CAD? If yes there is a canadian called XIU. If you invest in US etf you expose yourself to currency risk (example: VT goes up 5% but USD loses 5 % against CAD, you make nothing). An ETF is no guarantee you'll make money if we start to go sideways for a decade

>>17145614
wrong (You), was meant to >>17145550

>>17145466
I bought some just for the 5G monies

>>17145365
You're punching up so fucking hard and you have no idea, but keep going with your delusion it's pretty entertaining meme-liner.

>>17144549
You can also trade a cash account, no PDT restrictions, but you gotta wait on cash settlement. I trade options in a cash account cuz the settlement is faster than stock by 2 days, and being able to let go of options fast is much more important than scalping stocks (which is honestly impossible to do without at least 25k and margin).

Scalping with a gay poor acct is pointless. Oooo $100 a day. Fuck off.

>>17145550
but yes, you're better off with a bit of your money in an ETF, and of course in bitcoin.

>>17145632
>>17145614
Yes its in Canadian. Don't I have to use USD to invest in the US stock market though? I will look into XIU.

>>17145550
SPY. Go read "A Random Walk Down Wall Street". I don't agree with the efficient market theory 100% but it's a great read and will tell you why SPY is the way to go.

>>17145365
stop taking the bait and look at this >>17144372
he probably knows what he's talking about and you might have more luck getting information from him by not insulting him. some people that works, they turn into fountains when they're insulted or angry (like you), but others just quip.
he probably would respond better if you stroked his ego which in the long run would be more profitable for you having more information from which to make a decision either way on TA. he doesn't believe in TA. that's fascinating. ask him why.

>>17145698
Why not just 3x bull etf it then?

>>17145685
yes if you invest in an us etf it's in usd. currency risk can go both way, if market goes up and usd goes up you win on both fronts, but if both goes against you you lose on both too.

>>17144572
What is your price target for TRQ?

>>17145698
Why not a total market index instead like VTSAX?

>>17145528
Wheres the announcement they are not?

How does this general feel about Honda?
I kind of feel like picking up a couple of shares and holding onto it for many years.

>>17145495
>ABBV LMT
bought but I wish I bought more before they exploded higher
>AMZN NVDA SQ
didn’t buy but I wish I had before they exploded higher
>>17145764
I don’t see small caps outpreforming largecaps in the next few years. Everything is getting more difficult to navigate with tariffs and regulations, the largecaps have the scale to make it.

There’s no guarantees of course but I prefer SPY-like instruments and am leaning towards SCHX. I also like VIG and have been riding SPLV but that ride might be over.

Will be adding to BBJP/EWJ on further weakness as well, as the japs are increasing their share buybacks and are attractively valued.

>>17145803
>I don’t see small caps outpreforming largecaps
Aren't largecaps massively overvalued right now due to QE?

>>17145836
Perhaps, but they have strong balance sheets and good businesses.

And because of the way index funds are weighted, the biggest companies get a higher % of every dollar that goes in to index funds.

>>17145863
>the biggest companies get a higher % of every dollar that goes in to index funds.
So by this reasoning, VFIAX and VTSAX are nearly identical?

>>17145611
Where are you buying these contracts?

>>17145836
Why do you say large caps in particular are being inflated by QE?

And why should that matter unless you think QE will be stopping soon?

>>17145887
>Why do you say large caps in particular are being inflated by QE?
Money from QE flows into largecaps primarily/first

>And why should that matter unless you think QE will be stopping soon?
Surely QE can't go on forever? It just seems that buying large caps right now is buying the top of an unnaturally pumped market...sorta like buying btc at 19k

how do i get rich using stock market usury magic?
is there a good wizard here?

>>17145943
see >>17145409

>>17145961
this there a wizard book on the topic not in dutch?
how do i master these mysteries, I have many golems to cast and they need shekels/blood to operate

>>17145991
read pic related and lurk /smg/
use only excess income
open a td ameritrade account and get in the market

When did Stocktwits get so redpilled?

>>17145943
>usury
Money is dirt cheap right now, so that sounds pretty stupid to me. Unless you actually want to be a loan shark. Which also seems stupid, and contrary to the stock market ethos where you can make money without endangering your life or resorting to breaking kneecaps.

What you probably should look into instead is making money by collecting premium. Basically, selling put spreads.

>>17146038
This is one of the dumbest things I’ve read in terms of redpolls. It’s time to jump the shark when these retards are joining in. It’s still to early to short /pol/, but start scaling back your longs.

>>17146038
Should there be a community /smg/ account?

>>17144244
https://www.youtube.com/watch?v=g3ythpzsu18

>>17145706
because an ETF collapses if the market drops 33%. There's a reason everyone tells you not to hold those kinds of ETFs for long periods. Personally I think a 2x like SSO is safe, but if the market drops 50% you are fucked. I doubt we will ever see a 50% drop again though. 33%? very possible. If you want a real ETF and want to go balls to the wall go SOXL. #1 in growth right now.

>>17145764
I mean I have a soft spot for VT, but having over 60 stocks gives such diminishing returns to your reduced risk that you are kind of beating a dead horse so to speak while paying likely higher fees.

It doesn't matter exactly what ETF it is, but SPY is a very safe bet. So is a total US or total world ETF. Just so long as there are at least 100 stocks and it isn't leveraged imo. They talk about that in a random walk as well, the dimishing returns of diversification past 60 securities vs the reduced risk.

>>17145659
Wow, I thought you were actually going to write something of value but ended up not answering again. Shocking. You wanna know what's funny though? The fact that I wrote "typical penny gambling stock" purely by guessing (because we're on /smg/) and then I realized you posted about TRQ earlier, I mean come on kek'd

>>17146031
Unfortunately value investing is getting harder and harder since there's more information and more noise out there than ever before. Value investing worked so well because nobody was doing, now everyone has access to every ratio in real time. That and there's more noise now than ever with every fucktard buying stock on whims and dreams.

That being said I primarily value invest, so I'm there with you. Just recognize the weaknesses of the strategy. I blunt my picks with ETFs for diversity.

>>17146069
>making money by collecting premium
i will look into this thank you
any best place to start advice or just figure it out?

Looks like europoors can't buy some leveraged US funds like SOXL because of some bullshit laws after 2008 nuking, fucking commie union. I'm going be poor forever.

>>17146168
I hear you euro bro

>>17146130
for sure, i'm just starting out and the book was recommended to me and i'm really enjoying it just keeping my head in the market. extremely well written.
though i spend the majority of my time reading about companies and sweating over my positions rather than reading books about trading/investing.
that and spending time here to leverage multiple perspectives.

what would you recommend as an alternative strategy to value investing to read about?

>>17146128
Well go read that post again and realize you are the brainlet that I was talking about. I'm an accountant at at fortune 100 and make financial statements for a living. TRQ is doing some real cookie jar shit right now, but you are too busy playing with meme lines you can't see the earnings management let alone understand it.

>>17146201
are you guys hiring?

>>17144749
Wether the disease itself is dwindiling down is almost indefferent. The paranoia created by the media is dying down, that's a fact, and that's what matters most for stonks in the short term. If it affects them indirectly (as for factories being shut down for a couple of weeks) we'll only know in a few months when the new earnings come in.

>>17146194
I'm a big fan of A Random Walk Down Wall Street that I mentioned in some earlier posts, but like I said there I don't buy the efficient market theory completely. There is a lot of merit to playing it safe and blindly dumping SPY with a % allocation of REITs and Bonds to compliment it. It's literally retard proof, but really boring. It will however beat 70% of professionally managed funds, which is fucked. Here's the short and sweet of that book:
>the S&P 500 index beats most professionally actively managed funds
>buy a S&P 500 etf (like SPY) and dollar cost average that shit forever
>more than 60 stocks starts to give dimishing returns to risk to the point that it's almost nothing so total market funds are pretty meh
>HODL
>abuse IRS loopholes like 401k, IRAs, etc.
>the market is so efficient now it prices stock at their value so stop trying to beat it
The last one is the one I have a problem with because due to overreaction, market sentiment, accounting practices, regulation, etc I think there are opportunities to buy undervalued stocks all the time.

>>17145571
>“As of December 31, 2018, we had an accumulated deficit of $381.9 million.”
?

>>17146038
>its real
https://stocktwits.com/NietzcheTaoist/message/194018410

I laughed so hard at the seethe I coughed and hurt my back muscles.

12132 shares of ONTX. Pretty much anything $1 or more (or hell even past 0.53) and I'm walking away dragging a Fat Green Bag. All depends on the Glorious news and the Phase 3 data. No having to stick around waiting for the FDA to get up off its ass either. The 52w high is 4.5 a share.. Somehow I think the glorious news,etc will blow that outta the water. Especially if it's even better than expected.

>>17144372
I have June $1 calls on this kek. Paid .05 each for them. Hope it pays off.

>>17146282
>the market is so efficient now it prices stock at their value so stop trying to beat it
yeah i really don't buy that, though will definitely add SPY to my long term portfolio with my divitendies, 401k, and IRA (long, long portfolio is hard assets, land food water animals medicine guns ammo).
but yeah, finding undervalued companies is literally the name of the game, it's why their fucking share price goes up lmao. it's not like companies are ACTUALLY creating underlying value proportionate to the increases whenever it does. so much of it is speculation based on the belief it is undervalued.
might check out random walk though

>>17146201
Wow amazing, another fortune accountant on /smg/.. I think we had like 8 so far. I wonder if you will show yourself again after TRQ dumps, at least give us some sort of time frame so I know when to post a screenshot laughing at you. Or will this be another "I will just average in if it dumps" kind of situation?

>>17146218
No we are actually firing the shit out of people rn haha

>>17146282
So the value investing is a good way to get a gauge of a company, especially because it's not emotional. The other half though is trying to predict the future and people and both of those are a clusterfuck. BYND or pot stocks were a pretty easy IPO to ride up for example because you can guess the average person/100 IQ stock broker is going to jump all over that shit because they think it's the next MSFT or AMZN. A random walk's "hard" efficient market theory says that even when some of these pot stocks were well over 100 P/E ratios they were still priced to value, which I think is absurd. The market is efficient but there's noise and it overreacts imo, so I try to meet it halfway.

So value investing measures for lots of tobacco and oil companies say BUY BUY BUY, but lots of market sentiment says these are going to go down drastically in the future. Nobody really knows what will happen, but that's how market sentiment fucks with value investing. Value investing also assumes that all the accounting information is right. Best advice I can give you is don't trust a single quarter's results ever. Trust long-term patterns. I'm talking 3+ years. You can practice earnings management in a company and do lots of accounting voodoo to fuck with valuation and ratios.

>>17146168
Don’t they function by using calls for leverage? Can’t you achieve the same thing with calls and a little learning about options?

>>17146372
That's what I don't buy about it as well, but the market also corrects very fast in most cases. That's the "hard" efficient market theory I talk about in my other post. I think the market is efficient, but not perfectly efficient and sometimes it's straight up irrational.

>>17146374
I expect a 3x in 3 years and I'm confident enough in that I have it as 5% of my port. If it explodes that's fine, that's the risk you take when seeking gains like that. Like I said in the original post, look at why the price dropped and make a decision. The parent company is playing fucking games with their books.

>>17146450
Summary of why the price dropped? It’s a mining operation innit? Pretty risky one?

>>17143935
quit posting sana pits

>>17146102
What happens with SOXL in a recession?

>>17145579
I'm a retard so in general low IV good if stock is expensive? Is high IV good if stock is cheap?

What is low? Below 50? Is high above 50?

>>17146402
Sounds complex and kind of risky, heard horror stories about options.

>>17146582
tell me some horror stories anon

>>17146547
drops to 0 real quick

heh, assuming the low ball of 1.5 a share for ONTX I'd get 18,198.00. 10,000 would go back into my bank account. 4,000 - added to my S&P fund, 4,000 - added to my Total market fund, 198.00 - added into my international fund. If the ONTX share price is 2.0 or higher the breakdown will be altered accordingly. At 4.5 my profit comes out to 54,594.00. 25,000 into the bank. Leaving 29,594.00 to be spread out.

>Heh. I still haven’t learned my lesson about buying the rumor and selling the news.

>>17146479
Not as risky as it's made out to be. It's the largest investment the Mongolian government has ever undertaken I believe and they won't let it fail. It will also be one of the largest mines in the world when it gets up in running. Basically, they are having troubles getting it fully up and running and the Mongolian government is pressuring them a lot so they had back to back bad quarters. They decided to take it on the chin and drop all the unprofitability in the last quarter which raped the price even more than before and resulted in lots of write-offs. Just so happens this is right before they are likely going to have to consolidate so they don't get delisted for being under $1 for too long. Not coincidence imo, just some blatant earnings management. Rio is a fucking huge company as well, they will keep the baby going.

>>17146547
ur gunna have a bad time breh

>>17146637
At just 9 a share, well I'd hit 109,188.00. Half into the bank. Half into the funds. Let the funds ride for 22 or more years. Adding to them annually. No more worries about nothing. This plus my 401k, pension, existing cash in the bank.

>>17146637
>>17146711
>assuming

Remember to buy TMDX for long term holdings, friends. Their new lung perfusion machine will be FDA approved this year, as it is essentially a spinoff of their EVHP machine and earnings are coming up on 2/27 where they will almost certainly shill the multiple successful DCD heart transplants facilitated by their machines.

Fun fact: I learned today that their only real competitor owns a 10% stake in the company. While this is just speculation, I think UTHR will buy them out in a couple years time.

>>17146547
Buy the fuck out of it in a recession

>>17146778
I honestly wish there was a recession so I could just park all of my money in cheap stocks and be done with it.

>>17143877

I'm in on SAVA since $2.00, ONTX since .43 and SNSS since .35 so yea /smg/ has been huge for me. Also got in on AMD at $14.95 a little over two years ago from a tip on /pol/

>Erectile dysfunction pills can permanently distort vision
Shit... which pharma giants have the most to lose from viagra/sildafanil causing color blindness and long-term vision problems in some men who have difficulty with certain enzymes?

>>17146663
That all sounds bad? Delisting risk? They gonna have to R/S? How reliable even is the Mongolian govt? Seems like they could also have some nCov risk.

>>17146811
>Wishing for recession
>Dubs and Red ID
Be careful!

>>17146832 meant for
>>17143856

>>17146315
lol

>>17146840
risk = reward fren. Depending on your risk appetite it may not be the right play for you.

What's the next big short?

>>17146766
Why so much insider selling?

>>17145396
Name a time in history when the world wasn't currently going to shit.

I bought TSLA at 400, sold at 900 and bought back in at 750. Am I retarded?

>>17146940
Early 90s to mid 2000s

>>17146950
i mean i would have waited for a lower point, but honestly i wouldn't want to hold it with the bearish momentum and potential bad news coming out of china spooking the normies enough to think it matters on a share price already built upon so much pure speculation

>>17146978
I expect another dip before at least making in back above 800 once the Coronoa virus shit dies down in a few months. I honestly feel that barring Elon Musk suddenly dieing, TESLA is a good long term deal as well as a fun volatility ride. I got in on the big spike on shear luck, and nearly waited to long to buy back in. Literally had my wifi not started working again, I would've said, "eh, I'll but it on Monday". I'm hoping TSLA makes a volitle crawl up beyond 1.5k by years end and I can not spook myself of of it again. Not sure if I am being driven by FOMO though.

>>17146840
>Erection pill for oldies blurs out the wrinkles on their old ass wives.
Wiw win.

>>17146605
optionsellers.com
https://www.youtube.com/watch?v=VNYNMM0hXXY

>>17147074
yeah i just never buy on green lines as a rule, and can feel some big red coming their way.
will definitely be back on, but will wait for a deeper launch pad

>>17146912
I'm not sure, I don't work or interact with anybody from the company, I just use or see a ton of their products use and track their development. My guess would be that they simply want cash on hand now due to recession fears. Alternatively, I did see that Fidelity picked up another 1.2M shares just yesterday so it could be them cashing out so they can increase their stake.

I'm not really sure what their short term future is. Again, only their last quarter earnings have really been great but I really think they are a good long term hold. In just a year, I have personally seen the transplant industry go from using their products as a part of research studies to now incorporating them as a critical part of their transplant programs. NCDU (Duke) is going nuts with the OCS machine since they had their first successful DCD heart transplant in December. I have also heard that WAUW (University of Washington) is developing their own protocols to the OCS.

Keep in mind that I'm a medfag not a financial analyst, so my views the prospects of the company are speculative and mostly based on the rapid adoption of their FDA approved machines. Don't park your kid's college money in a stock shilled on a Panamanian shuttlecock review forum, but I think that until they can routinely 3D print organs in 50-something years, that the value of this company will only increase.

>>17144043
I can't tell the difference

>>17146874
unironically AAPL

>>17144749
https://uk.reuters.com/article/uk-china-health-foxconn/china-blocks-foxconn-plan-to-restart-plants-due-to-coronavirus-nikkei-idUKKBN2020B3

You know Corona is way more serious than China would have you believe when even Foxconn aren't allowed to operate.

>>17144381
I got lucky in crypto then wised up and put a bunch in futures and stonks. I trade fulltime and have a bot that runs my crypto stuff for me

>>17144549
I trade futures and it's beautiful. No pattern day trader rule, almost 24/5 trading, huge leverage if you want it, and sweet tax treatment. The latter means all gains are taxed 60/40 longterm shortterm gains and there's no wash trading or keeping track of each one. Just subtract what you started with on January 1st from what you end with on December 31st. Easier than filling out a 1040. Check out Amp Clearing for cheapest fees and lowest margins

>>17147368
github for the bot?

>>17147433
here's actual png

>>17147337
https://www.coronatracker.com/
37,130 Confirmed
2,615 Recovered
806 Deaths

Start with multiplying these numbers by 10 and take that as the MINIMUM, because China is full of shit and anyone trusting their numbers have no idea what a corrupt piece of shit government they have.

Then consider that only 7% have "recovered". Corona is new, as far as we know the deaths so far are the exception and the normal time period to die is a couple of months. Not even 10% have "recovered", whatever that actually means coming from China.

And now remember that China have admitted that they don't even have enough testing equipment to check everybody that show symptoms. So it's not just about how they lie, they don't even know the true numbers themselves.

Finally, the world health organization (WHO) has China as a board member and are full of shit. Their director is this guy https://www.who.int/dg/biography who was born in https://en.wikipedia.org/wiki/Ethiopia which makes him very suitable for bribes or at least Chinese influences.

Remember that the media is fickle, there are still protests in Hong Kong even though they aren't covering it. Likewise there is still Corona going on.

>>17147433
>>17147446
actually both are png, one just lack an alpha channel

>>17147291
it'll prolly hit 500 before mean reversion

>>17147433
No, I wrote it myself and it works. That latter part is what you won't usually find on GitHub unfortunately. It's mostly in Python, uses the ccxt library to abstract exchange API's and Matplotlib for charting. Check out https://github.com/ccxt/ccxt/wiki/Manual to get some ideas

>>17147458
yeah, i just hate background on png

>>17147424
will look into it definitely, looks like i have some hoops to jump through but i do want to keep all my stuff as centralized as possible for ease

Is 500 on REFR good for this year?

>>17146282
Redpill me on them 401ks. Here's the thing, they can only be pulled early with no penalty for education, medical, and first house, which for me are all covered by the military. Couple that with the fact that my state has no income tax, as long as I hold the security for more than 1 year, I can pull at any time with no consequences. Is there any reason for me to put significant money into a 401k?

>>17147488
dude weed is going to tank and bleed constantly, especially as more states legalize and force more competition

>>17147424
Shit. Maybe I should start doing that

>>17147489
Just get a job that pays enough that maxing out your 401k is unnoticeable.

>>17147451
I’ve been telling you for weeks that the virus is not as serious as it seems from a medical perspective. The majority of deaths are limited to immunocompromised patients or those with comorbidities like CHF or ESRD.

Not sure how it’ll affect production and logistics but the virus in and of itself isn’t a global health threat kek.

>>17147506
REFR isn’t a weed company, retard.

>>17147476
but all pngs have backgrounds, some of them are just transparent

Finding some real good photos today

>>17147543
No need to call names, just shill your shitty little memestock. Memestocks have been killing it this year.

who here /BILI/?

>>17147488
Never buy anything heavily shilled, especially as an OP image. Only REFR shill has ever done that. Seems desperate. All of his data is speculation.

>>17147577
too true, i misspoke

>>17147424
There's also quantfury for non-burgers, offering no fees and non-inflated spreads on commodities futures, in addition to stonks. One downside is you need to use crypto as collateral.

>>17147585
I don’t hold that stock, faggot. The company hasn’t been profitable for decades, brainlet.

>>17147433
Not him, but I use ProfitTrailer, although I have a grandfathered lifetime license that I bought when it was way cheaper.

Anyone thinking SHOP is gonna get pump and dumped before earning next week?

>>17147606
You could have just asked me politely.

Daily Reminder: it's almost time to start positioning for the tech burst 2.0

>>17147506
>giving advice on stocks he literally knows nothing about
this is the type of dumb nigger giving you financial advice in /biz/ just fyi newfags

>>17147639
>he sold?

>>17147527
i don't think it's a health threat either in civilized countries BUT only if people take it fucking seriously and don't brush it off like it won't affect anyone outside china.

there are people all over the world that still live like it's the middle ages, that don't wash their hands with soap (many don't even do that in china), that live a long way from a modern hospital. you think it's not serious from a medial perspective? maybe from your comfy western bubble that's true but again, if people don't respect this shit then it can get out of hand even in civilized places.

it's more serious in china than people are lead to believe. there's no free press in that country, domestic or foreign, there are no boots on the ground to report any of this and the chinese people that do speak out about what they see are shut up or disappeared.

>>17147451
>806 Deaths
>Start with multiplying these numbers by 10

So 8,060 dead people in a country of over 1 billion

its still literally nothing

>>17147165
you again. I set a buy for 16.99 based on your shilling

t. fellow healthcarefag but I work upstairs in corporate moving numbers around

>>17147641
>>17147543
>they don't know about /smg/ memes
and they have the nerve to call others names?

>>17147589
I wish, I sold in the mid-teens. Been waiting for a pullback but friday was just a giveback of some gains. Bank of China might not let me get a pullback to buy.

>>17147527
obviously it's going to hit the elderly and Aids and those on immunosuppressants hardest (RIP organ transplant recipients) but it causes much more pneumonia than I see in regular flu victims.

>>17147589
sometimes but not right now

>>17147650
>pomp eet all da way uph!!

>>17147701
>>17146766
What do you med guys have to say about meme stock like ONTX, SNSS, GALT, LCI, etc?

>>17147716
>he know da whey to pamp eet
>>17147729
LCI is just for short squeezes. Long term, american generic pharma companies are losing BIG TIME to India and China. Personally, I won't touch it.
ONTX is being shilled by the T-baby retard ain't it? Yeah, I'm staying away from that too. If it's in the Baker Bros portfolio it might be a good one, but I haven't checked.

>>17147666
Checked.
I’ve been to Afghanistan and have a pretty feen grasp on how people still live in 14th Century shithole conditions even today.

My point was that given the patho of the virus, it shouldn’t be killing healthy people. It could be in every city in the United States but it will still only hospitalize or kill the same patient population which the flu or RSV would.

I understand how the PRC controls their news and the MSS disappears people on the reg, none of that changes the simple fact that this virus isn’t going to doom our civilization like it appears that you want it to.

>>17146333
would anyone even buy those calls if you tried to sell them?

>>17147489
tax deductible and usually the company has a % match, why do u hate free money?

why does everyone here talk about puts/calls instead of shorts/longs? are they better? I've mostly traded crypto and crypto exchanges don't have options trading, only futures trading

MSFT 3/6 calls, yay or nay?

What the hell is happening with NLOK?

And should we be buying these dips in Take Two and Verisign?

>>17147750
I should clarify I'm not a medfag, I was just posting my opinion.

>>17147755
excellent pic.
I don't think anyone but the pol schizos think it's going to cause a happening, but it could cause a hiccup in global growth, and seriously fuck up the travel industry.

>>17147489
You want to max the company match, because its free money. Get a ROTH 401k if you can, and a roth IRA as well, if you are concerned about wanting to withdraw the principal investment early on. You'll have to leave your gains in the roth account, but it's an excellent risk:reward to my eyes.

>>17147701
multiply it by a million then, what now? still desperate to paint it as nothing? shit, multiply it by ten million, we're making make believe so why not?

>>17147755
jesus, you brought up the flu. don't bring up the flu. this isn't the flu. nobody knows whether or not this is even similar to the flu. everybody knows what the flu is, how to deal with it. it has like 0.01% mortality rate, corona 2% so far from china's lying numbers. nobody knows how to deal with it, except to isolate the sick person and observe. same in the us.

>>17147666
the flu has still killed more people this year alone, influenza. it also mainly kills the elderly, young children, and people with immunodeficiencies. also we have multiple sources of cures and treatments from the US, UK, and Taiwan already. really not concerned, i just view this as a period of volatility in the markets where i can pick up cheapies and then flip them for big bucks a day or three later. i DCA'd down in AMD at $48 and then at $46 and made bank selling some of it as it went all the way up to $50.5. i still save half though in case it really spikes up one day so i don't miss out, but if it goes down on monday/tuesday it just means i can buy more and my average price per share will continue to improve.

also checked.

>>17147729
Im not a doctor(i work in finance) but I have a small stake (either via stock or calls) on all of them except LCI which appears to just be a huge POS.

I grabbed some GALT @ 2.53 and some 2/21 $3 GALT calls for 5 bucks each just in case their conference on 2/11 pumps it. If not I'm not out much.

I'm up big on ONTX and my SNSS calls. I'll be keeping a very close eye on ONTX this week....it seems they have 3 conferences so selling the news will be tricky to time properly.

If SNSS goes up to 1.75 the delta on these calls will be a Godsend.

>>17147849
SHUT THE FUCK UP ABOUT THE FLU
only fucking retards bring up the flu, im so sick of you fuckers

>>17147874
both are spread via similar action (respiratory droplets). its a pretty valid comparison.

>>17147874
THE FLU IS A MAJOR KILLER OF THE ELDERLY AND YOU ARE A HEARTLESS BASTARD IF YOU DOWNPLAY IT
REEEEEEEEEEEEEEE

>>17147755
I think this is the last bullish week for awhile, people are finally going to understand just how much China's economic issues are going to wreck our growth worldwide, NVDA will beat earnings but act exactly like QCOM where it will drop 5% try to make a comeback with hopeful investors trying to buy the dip then lower, that thesis only works if NVDA actually goes up this week before earnings if it goes to 240 it might actually be a good condor.

>>17147902
>THE FLU IS A MAJOR KILLER OF THE ELDERLY
good, boomers need to go

>>17147903
>buy straddles
>sell call before earnings if it's ITM
>sell put IMMEDIATELY after earnings when it's green
opposite if it's down before earnings... it's just filthy enough to work

>>17147923
unimaginably based

>>17147890
>>17147902
nobody quarantines a whole city for the flu, nobody walks around in hazmats suits for the flu, nobody builds new hospitals just to deal with the flu. IT'S NOT A VALID COMPARISON. shut up about the flu, i hate that piece of shit mainstream argument that makes no god damn sense.

>>17147847
Why not mention how it's not RSV either, you dumb nigger. Go back to jerking off to your apocalypse fantasies and staying poor top kek.
>>17147729
Pharma companies are the shitcoins of the stock market. You can make a huge ROI or you can lose a lot of money. I have barely researched any of them so I can't give you legit advice, sorry.

>>17147812
Insane leverage

>>17147874
Did you know the flu kills way more people every year?
>t. Male psychiatric nurse

>>17147890
Based and droplet precaution pilled btw. Fun fact during the Ebola crisis nog doctors were dropping tubes into people without face masks and were dropping like flies

>>17147933
THE FLU ANON
GET YOUR SHOT
THE FLU THE FLU THE FLUUUUUUUU!!!!!

>>17147939
Your REALLY fucking need to specify you're talking about small and microcap pharmas, the ones often called biotech or biopharma and often have ZERO drugs on the market, and are entirely dependend on 1-3 drugs passing all their trials and getting FDA approval.

You are lumping shit like that in with Pfizer, Merck, Sanofi, GlaxoSmithKline, Lilly, AstraZeneca, etc. That doesn't make any sense.

>>17147954
Truly, is there any career more /fit/ than male psychiatric nurse? Probably also the most /biz/ career except for freight broker and freelance masseur.

>>17147946
usually insane leverage means you get liquidated almost instantly, does options protect you from instant liquidation?

>>17147987
That's the beauty, there are no margin calls and no liquidations because you are trading contracts and not the actual underlying. Your only worry is the expiration date and theta. Easiest way to calculate the leverage on an option is pull one up. Take the price of the underlying, multiply it by the delta, and divide that by the price of the option.

Well I dunno about anyone else but lets us compare: I said AMRN would be a good investment - If you got in at 17 and sold at upper 20's you'd have walked away with a nice pile depending on how much you put in. I said T would be good - Bought it in Dec 18 @ under $30 per; it's at upper 30s now. I said GE would rebound; It tanked to 6.66. Now it's at 12 some odd. Almost double the investment. I said Dean Foods was circling the drain - Well it shat and burned biggly didn't it?. So don't mind me, I'm just you know sitting here with zero debt (other than my house), a plan in mind for the long game after I "retire" in 11 years and other stuff.

>>17148014
sounds interesting, i'll look more into it. thanks SOXL shill

>>17148043
Most people are up to there ass in debt, are forking out kiddie payments, have gotten cleaned out by a few ex wives, and are lucky to have anything saved or invested at all by the time they get to upper 30's age. Most people can't retire at all till they hit age 65.

>>17148043
Based and planning for the future pilled.

AAAAAAAAAAAAAAAAAAA-CHOOOOOOOOOOOOOOO

wew, sorry guys, got the sniffles out of nowhere, weird

Lci, sprint, ontx all poised to swing next week

>>17148132
Here ya go bud. We need some proof before we declare it cured.

https://youtu.be/QwFPyt68uyc

ONTXbros! I'm here! We're gonna be billionaires on Tuesday!

>>17147927
why does she look like she's subservient and resigned to her fate, yet has the slightest bit of disgust/contempt in her facial expression?

>>17148092
That's true and I'm happy for you

>>17148132
Someone put this guy in quarantine

>>17147986
>specify small and microcap
Yep, you're right I should have specified. GSK and whatever flavor of the month cancer cure startup are two very different beasts.
>>17147954
I always enjoy seeing /bizfit/ in the wild.

Is it too late to buy snss stocks?
What is its potential new ATH?

what's a fast way to get some small profit? which stock will give me fas and small profit?

>>17148181
dont sell

>>17148187
nah she's blushing demurely. Dinner is served but she wants her employer to notice her. She wants to be seen as more than just the help.

>>17148205
Speaking of, GSK is taking a heavy pounding. I bought some more and it kept dropping. Were earnings and guidance really THAT bad?

>>17148239
Chainlink (LINK)

>>17147987
no, with options you have a higher chance to completely lose what you risk. you can lose 50-100% very quickly.

>>17144096
>buy $50 worth of AMD in 2016 when they released ryzen
>turn that into $250 dollars
>could have made tens of thousands

>>17148260
can i dobule my investment if i invest in bitcoin like 1% of the price

>>17148311
welcome to the wonderful world of risk assessment, enjoy your stay! if it makes you feel any better, you could have invested tens of thousands and then the stock could have tanked and you would have lost tens of thousands of dollars, whereas with a $50 investment you'd only lose a fraction of that. it goes both ways.

>>17148336
>poor think

Stay poor plebbit

BYND seems to be a smart investment this weekend - huge long term potential, partnership with fast food chains, more and more people are becoming vegan/vegetarian

What are some cheap $1-5 stocks that have the potential of becoming the next Amazon/Apple/Tesla in a decade?

I'm thinking shit to do with AI, genetic technology, automation, robotics. Is there a startup getting into quantum computing?

>>17148043
It’s easy to brag about the 5 times you were right but not mention the 10 times you were wrong. Pick up a trip and start making your calls.

>>17147987
>>17148294
check this if you're not familiar with guh guy

>>17143935
>those armpits

Just imagine the deep flavors and aroma. Pure bliss and delight. Mmmm-mmmm! :slurp slurp sluuurrrrrrrpppppppp slurp slurp: mmm-mmmmmyessssyesssss!!

So Tesla is obviously going to crash on Monday right, there's no way this is sustainable?

>>17148386
forgot url
https://www.youtube.com/watch?v=A-tNkuYV4_Q

>>17148362
>dude just YOLO

wsb is reddit fren.

>>17148397
bet is on AAPL honestly, if not this week then soon

from barrons..


The coronavirus is killing hundreds of people and sickening thousands more. It's also disrupting the global tech supply chain, threatening the availability of mobile phones, personal computers, and automobiles. That's triggering concerns about March quarter financial results -- and spurring worries about a potential global economic downturn.
While the current crisis raises comparisons to the 2002 SARS outbreak and the 1918 Spanish flu pandemic, for the global economy there are better comparisons. Mirko Woitzik , a risk intelligence expert at German consulting firm Resilience360, which tracks global supply chains, points to the 2016 Fukushima earthquake and tsunami, which disrupted auto industry supply lines, and the October 2011 flooding in Thailand .
At the time of the Thai floods, the country produced 40% of the world's hard disk drives. The deluge left many factories underwater and triggered a parts shortage that reduced PC production for months, in turn cutting demand for memory chips and other parts.
The U.N.'s Office for Disaster Risk Reduction has estimated that Thailand's 2011 flood reduced the world's industrial production by 2.5%.
For now, it's nearly impossible to measure coronavirus risk -- consider the recent disclosures by Apple (ticker: AAPL), which is probably more reliant on China for parts, production, and sales than any company not based there. In the December quarter alone, Apple had $13.6 billion of sales in " Greater China ," 15% of total sales. But the impact to Apple goes well beyond those sales.
1/x

>>17148618

On its Jan. 28 earnings call, Apple noted that it only had a few suppliers in the Wuhan area where the virus has been most severe. On that call, Cook said Apple had closed one store and that some retail partners had closed stores or reduced hours.
By Feb. 3 , though, Apple's stance had changed. "Out of an abundance of caution and based on the latest advice from leading health experts, we're closing all our corporate offices, stores, and contact centers in mainland China through Feb. 9 ," the company said.
Evercore ISI analyst Amit Daryanani recently noted that 381 of 775 manufacturing and supply locations in Apple's global supply chain are in China . That only two are actually in Wuhan is now besides the point. Transportation around the country has been restricted, air travel to China has been curtailed, and borders have been closed with Russia , Mongolia , and Vietnam ; many countries are quarantining visitors from China or simply not allowing them in. Foxconn -- Apple's primary manufacturer -- last week cut its 2020 revenue growth guidance to a range of 1% to 3% from 3% to 5%, citing the impact of the virus.
Japan's Nikkei newswire reported that three China -based contract manufacturers that produce Apple's popular AirPods have halted production and have at most two weeks of materials and parts on hand. On Apple.com, delivery dates on AirPods Pro orders are already a month out.
It isn't just Apple at risk. A Dell Technologies ( DELL ) spokesperson told me that it's "assessing all options and mitigation plans to help ensure our supply chain remains operational and we're meeting customers' needs." At HP Inc. (HPQ), the story is much the same. "Out of an abundance of caution, we have implemented certain travel restrictions for HP employees traveling to, from, and within Asia Pacific ," the company said.

>>17148399
he really takes that like a champ.

but just listen to the perfect FUCK in this one:
https://youtu.be/B8cN586JUR8

>>17148622
Qualcomm (QCOM) Chief Financial Officer Akash Palkhiwala said on the company's earnings call this past week that there is "significant uncertainty around the impact from the coronavirus on handset demand and supply chain." The company trimmed its profit guidance accordingly.
Citi chip analyst Atif Malik last week cut his first-quarter estimates and target prices for Qorvo (QRVO), Skyworks Solutions (SWKS), MagnaChip Semiconductor (MX), and Amkor Technology (AMKR), which are all tied to the mobile phone market, based on disruptions to the supply chain.
Almost every company affected says they are "monitoring the situation." So are the 100,000-plus people scheduled to be in Barcelona later this month for Mobile World Congress , the year's largest wireless industry trade show. The show would typically include thousands of attendees from China . GSMA, the trade group that runs the show, says it won't cancel. But will people go?
South Korea's LG Electronics (066570.Korea) has already said it won't be attending. "This decision removes the risk of exposing hundreds of LG employees to international travel which has already become more restrictive as the virus continues to spread across borders," the company said in a statement this past week.
3/4

>>17148618
>listening to barrons
tldr doomnigger

>>17148626

On Friday, Ericsson (ERIC) also pulled out. "As one of the largest exhibitors, Ericsson has thousands of visitors in its hall each day and even if the risk is low, the company cannot guarantee the health and safety of its employees and visitors," Ericsson said.
So far, two major Chinese firms are still planning to attend. Huawei Technologies says it is "monitoring the situation closely but...currently moving forward with our activities as scheduled." ZTE canceled a planned press conference, and intends to staff its booth with non-Chinese, but it's still going as of now. " ZTE will ensure that all the senior executives of our company participating in the high-level meetings will self-isolate themselves in Europe for at least two weeks prior to MWC," the company said.
Self-isolation doesn't sound all that reassuring for anyone, including the ZTE execs. I have a ticket for Barcelona , and I'm getting unnerved. On Thursday, a senior executive at a company that's supposed to have several hundred people at the show told me they were also thinking about withdrawing for safety reasons.
It's going to be a tough winter.
4/4

>>17148634
>32 posts by this ID
get help my nigga

>>17148628
who do you listen to?
https://uk.reuters.com/article/uk-china-health-foxconn/china-blocks-foxconn-plan-to-restart-plants-due-to-coronavirus-nikkei-idUKKBN2020B3

>>17148646
fuck you it's saturday i'm chillin

>>17148661
Sad bro

>>17148397
What happened to TSLA was a short squeeze, so it will revert back to mean, if thats what you mean

>>17148723
>>17148723
>>17148723

NEW
NEW
NEW

>>17148723
>>17148723
>>17148723