Investing General Discussion

karma · Jul 29, 2020

Sanrith Descartes said:
INTC under $48 a share. The one lesson I have taught myself this year is to religiously cut my losers short. I think I am done with chip stocks. At this point I am sticking with my NVDA hodl position and thats it.

I cut my losses on INTC too. Of course, it started trending a little up when I did (which is what ALWAYs happens) but its nice to confirm I made the right decision. It was a really small position for me so I didnt lose much. It was a good lesson for me, I expected it was free money at that price. It was, but not for me!

Hateyou · Jul 29, 2020

Fuckin AMD up another 13%, good lord.

TJT · Jul 29, 2020

I exited my BA position for a measly $750 last week. But then I see them today and think, god damn I am a genius.

Jysin · Jul 29, 2020

TJT said:
Did you not see this TSLA rollercoaster?

TSLA didn't move this quick.. or large.

KODK was ~$2.40 on market close 2 days ago. It just bounced off $60 per share.

Hateyou · Jul 29, 2020

Jysin said:
I am going to guess opportunity cost. Why sit on a loser waiting to make back your losses when the markets have other money making opportunities right now.

Thats what I was guessing. I just know I’m not good enough to turn it into a sure thing. I’d just as easily sell at a loss and put it in another loser lol.

Sanrith Descartes · Jul 29, 2020

Hateyou said:
Why sell it for such a loss? It’ll still make good dividends and start marching back upwards on their size and earnings. Unless you’re just trying to make your holdings as aggressive as possible I don’t really see a reason to sell it for a loss this quickly after a dip.

One of the hardest traits to learn is when to admit a trade was bad. Analysts had the stock as a "hold" pre-earnings. I played the price move down off of earnings in a sort of take the opportunity to pounce. Then the details came out of the delays on the chips and the bounce never materialized. I still think fundamentally INTC is a solid company but what I dont see (due to the production issues) is a swift return back upwards. The more I dug into the chip delays the more I felt the likelihood of marketshare being lost was significant.

Big Phoenix had the better outlook on this than I did. I dont mind holding a down stock for a long period of time (hello to you JPM), but I have to believe in its fundamentals. the INTC problem isnt Coronachan related. Its an internal issue that I dont see a quick resolution to.

Sanrith Descartes · Jul 29, 2020

Jysin said:
TSLA didn't move this quick.. or large.

KODK was ~$2.40 on market close 2 days ago. It just bounced off $60 per share.

The price has a ton to do with it. it isnt easy to buy 1000's of shares of TSLA to trade, its real easy to buy 1000's of shares of KODK.

Big Phoenix · Jul 29, 2020

Jysin said:
TSLA didn't move this quick.. or large.

KODK was ~$2.40 on market close 2 days ago. It just bounced off $60 per share.

Someone has to win the lotto.

kegkilla · Jul 29, 2020

Jysin said:
TSLA didn't move this quick.. or large.

KODK was ~$2.40 on market close 2 days ago. It just bounced off $60 per share.

The stock market has become so untethered from reality in recent months that it's hard to take seriously anymore.

Jysin · Jul 29, 2020

Also, keep in mind (older news) that Apple is making the move to their own in-house chips. They have traditionally used Intel, but as soon as Apple are exclusively using their own silicon, it is just more downward pressure on Intel sales. Apple are said to be rolling out their first in-house CPU MacBooks this year, alongside the option of using Intel chips.

Apple Mac computers make jump to its own chips

The firm will now custom-design the chips that power its future desktop and laptop computers.

www.bbc.co.uk

Mist · Jul 29, 2020

Hateyou said:
Fuckin AMD up another 13%, good lord.

Intel cleaning house of their engineering managers and no 7mm chips until 2022 will do that.

Khane · Jul 29, 2020

China Bat Soup said:
The stock market has become so untethered from reality in recent months that it's hard to take seriously anymore.

It's not the market in this case. Eastman Kodak got a $765 million loan from the US Government to get into drug making.... That's what is untethered from reality.

Locnar · Jul 29, 2020

Its hard to not get caught up hoping to ride the wave in Kodak.

Big Phoenix · Jul 29, 2020

Khane said:
It's not the market in this case. Eastman Kodak got a $765 million loan from the US Government to get into drug making.... That's what is untethered from reality.

It would be nice if this doesnt turn out to be Trump's Solyandra equivalent.

Sanrith Descartes · Jul 29, 2020

Sanrith Descartes said:
Done.

View attachment 288787

Triterras had positive EBITDA of $14.8m in 2019 and projects EBITDA of $39.8m. That is almost 3x profit growth. Also the company will have zero debt. 90% of existing equity stake will be rolled into new company. 2020 the company will be trading at 5.5x multiple.

Stock took a big swing down as people grabbed profits but is slowly moving back up. I like this company (Triterras).

Netfin Acquisition Corp. to Combine with Triterras Fintech Pte Ltd., Creating a Leading Fintech Company Focused on Global Trade and Trade Finance

- Definitive Agreement Includes Strategic Pivot to Combine Solely with Triterras Fintech’s Leading Kratos Online Marketplace, Creating a Standalone,...

www.globenewswire.com

kegkilla · Jul 29, 2020

Locnar said:
Its hard to not get caught up hoping to ride the wave in Kodak.

What's always interesting in these cases is the blatant insider trading. As far as I know, there was absolutely no news of this as of COM Monday, yet KODK stock increased 25% as people got the inside scoop and bought in early. Must be nice.

Jysin · Jul 29, 2020

I've always wondered how insider trading could possibly ever be contained. Between all of the talks of all parties involved in mergers, the finance side of it, negotiations, etc.. all the way to the press briefing being compiled. The distribution of that press release, how many eyes see it before air in the digital world, etc? How could you ever realistically contain that?

Sanrith Descartes · Jul 29, 2020

Jysin said:
I've always wondered how insider trading could possibly ever be contained. Between all of the talks of all parties involved in mergers, the finance side of it, negotiations, etc.. all the way to the press briefing being compiled. The distribution of that press release, how many eyes see it before air in the digital world, etc? How could you ever realistically contain that?

Ask the SEC.

Sanrith Descartes · Jul 29, 2020

JPM making its like 7th or 8th attempt to break through and hold the resistance at $100. This is like Groundhog day at this point. I know how it will end. Where the fuck is Tom Cruise when you need him?

ps.. When the term "technicals" is used, this is a good example. Support and resistance lines are basic technical trading tools.

Furry · Jul 29, 2020

Mist said:
Intel cleaning house of their engineering managers and no 7mm chips until 2022 will do that.

It's the right step for the situation they're in. Intel will turn it around, its just gonna take a long time to get there. And didn't kodak enter pharmaceuticals back in the 80s? They manufactured chemicals for photography before that. You may not think about it much, but very pure and technically precise chemicals has a lot of overlap between pharma and photography.

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