Investing General Discussion

Sanrith Descartes · Nov 9, 2021

Jysin said:
UPST getting crushed -26%

I like to consider myself knowledgeable about the market but you always seem to have tickers I never heard of.

Shonuff · Nov 9, 2021

Sanrith Descartes said:
Actually went positive just now. Up about 1%. it had been down about 2%
Beating on Revenue is the biggie. Earnings during this shitshow can be forgiven.

Guidance matters more at this point.

edit: What am I missing here? Benzinga says WYNN had a double beat.

Jysin · Nov 9, 2021

Jysin · Nov 9, 2021

Sanrith Descartes said:
I like to consider myself knowledgeable about the market but you always seem to have tickers I never heard of.

UPST has been a real power mover. Check out the chart.

This -26% is on a double beat and revised upward Q4 guide. Crazy.

Hateyou · Nov 9, 2021

Shonuff said:
edit: What am I missing here? Benzinga says WYNN had a double beat.

Fogel · Nov 9, 2021

Sanrith Descartes said:
I like to consider myself knowledgeable about the market but you always seem to have tickers I never heard of.

UPST became a meme powerhouse when they were interviewing some guy who was talking about it in his holdings on CNBC and asked him what UPST does and he pulled the "I'm sorry you're breaking up" routine

Jysin · Nov 9, 2021

Fogel said:
UPST became a meme powerhouse when they were interviewing some guy who was talking about it in his holdings on CNBC and asked him what UPST does and he pulled the "I'm sorry you're breaking up" routine

Well, as funny as this was, this stock has been a powerhouse all summer. I have been trading it since ~$100

Just checked my transaction history. 06/29 +100 shares at $121.34

Hateyou · Nov 9, 2021

Fogel said:
UPST became a meme powerhouse when they were interviewing some guy who was talking about it in his holdings on CNBC and asked him what UPST does and he pulled the "I'm sorry you're breaking up" routine

Imagine trying to explain meme stocks to guys like Cramer. Must be completely alien and confusing to them.

Mist · Nov 9, 2021

Fogel said:
UPST became a meme powerhouse when they were interviewing some guy who was talking about it in his holdings on CNBC and asked him what UPST does and he pulled the "I'm sorry you're breaking up" routine

Not sure why that question was so necessary. It goes up and down and up again, that's the most important function of a stock.

Blazin · Nov 9, 2021

Anyone hold Chargepoint CHPT? If Tesla keeps getting crushed may try a play if CHPT keeps falling along with it.

Sanrith Descartes · Nov 9, 2021

Jysin said:
UPST has been a real power mover. Check out the chart.

This -26% is on a double beat and revised upward Q4 guide. Crazy.

I can look at the chart. I was asking what it actually was.

Sanrith Descartes · Nov 9, 2021

Fogel said:
UPST became a meme powerhouse when they were interviewing some guy who was talking about it in his holdings on CNBC and asked him what UPST does and he pulled the "I'm sorry you're breaking up" routine

Oh... I remember seeing that. I didn't bother watching it because I generally avoid CNBC like the covid stab.

Sanrith Descartes · Nov 9, 2021

Mist said:
Not sure why that question was so necessary. It goes up and down and up again, that's the most important function of a stock.

No, that's the most important function of a woman.

Sanrith Descartes · Nov 9, 2021

Blazin said:
Anyone hold Chargepoint CHPT? If Tesla keeps getting crushed may try a play if CHPT keeps falling along with it.

Here is my take on that. I have owned EVs since 2010. The "vast" majority of users charge at home. This includes Tesla. People generally will not pay money at the mall to charge their car unless they absolutely have to. Also, until the non-Tesla cars catch up in range, long distance travel is probably a Tesla thing. Last time I checked, Charge point chargers don't have the throughput to get really fast charging for trips.

Blazin · Nov 9, 2021

Sanrith Descartes said:
Here is my take on that. I have owned EVs since 2010. The "vast" majority of users charge at home. This includes Tesla. People generally will not pay money at the mall to charge their car unless they absolutely have to. Also, until the non-Tesla cars catch up in range, long distance travel is probably a Tesla thing. Last time I checked, Charge point chargers don't have the throughput to get really fast charging for trips.

chargepoint is primarily for commercial/fleets from my understanding, not sure how that is particularly relevant.

They are a software company underneath, they make money from selling subscription service that provides it's customers a ton of data and accessibility to their charging network/fleet, but you may be more aware than me I have just recently started studying it.

Sanrith Descartes · Nov 9, 2021

Blazin said:
chargepoint is primarily for commercial/fleets from my understanding, not sure how that is particularly relevant.

When it was rolled out (I admit I haven't kept up with it) it was more of a network of chargers that businesses put outside their business and people could just stop, pay and charge. I didn't know they had morphed their model.

Sanrith Descartes · Nov 9, 2021

Actually, it sure sounds like what I just described...

The company "designs, develops and manufactures hardware and software solutions" for electric vehicles at large.[4] Its business model, according to the Silicon Valley Business Journal, involves selling "its hardware and software to property owners, build a searchable network of charging stations for drivers and maintain individual stations."[

Sanrith Descartes · Nov 9, 2021

Jeebus

Big Phoenix · Nov 9, 2021

Sanrith Descartes said:
Jeebus

How many cars have they made so far?

Sanrith Descartes · Nov 9, 2021

Big Phoenix said:
How many cars have they made so far?

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