2021 Trading Thread - Page 87 - Business, Finances and Investing Forum

I think some are overdoing the risk of Alibaba. It's also listed in the Hong Kong market (9988.HK).

Each BABA ADR is 8 Hong Kong listed shares divided by the currency conversion 7.75. You can convert the ADRs into Hong Kong shares. On my brokerage I could also have Hong Kong shares if I would call my broker to do it.

I see the delisting issue more for other Chinese stocks listed in the USA which don't have a secondary public listing back up in like Hong Kong or something.

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05-17-2021 , 08:16 AM

#2152

OldBonesMcGee

stranger

Join Date: May 2021 Posts: 9

likely Discovery merger
rumor states that DISCA and DISCK will get the same price DISCK still trading lower as of now but seems to be closing quickly.
If you can grab some DISCK shares premarket might be worth it.
you can trade it normally right now on German exchanges e.g.

DYODD - haven't seen an official statement for this yet though

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05-17-2021 , 09:46 AM

#2153

OldBonesMcGee

stranger

Join Date: May 2021 Posts: 9

From the official document

"Discovery's current multiple classes of shares will be consolidated to a single class with one vote per share."

https://docoh.com/filing/1437107/000...2729/DISCA-425

Take it FWIW not exactly confirmation that it's going to be the same "price", but not contradicting it either.

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05-18-2021 , 12:55 PM

#2154

Clayton

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 32,226

filed under "huh thats weird"

india etfs have more or less shrugged off this omegawave of covid

been long INDA for a while and thought for sure i was going to drown on it this month, nope

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05-18-2021 , 03:26 PM

#2155

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

Quote:

Originally Posted by Clayton

filed under "huh thats weird"

india etfs have more or less shrugged off this omegawave of covid

been long INDA for a while and thought for sure i was going to drown on it this month, nope

Don't follow this closely but my assumption is they don't have the "luxury" of shutting down. In reality, the vulnerable are in trouble and I don't think that's a massive hit to GDP etc

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05-18-2021 , 04:03 PM

#2156

PuckFokerGo

adept

Join Date: Jun 2017 Posts: 1,089

Anyone here own SRNG/Ginkgo Bioworks? Or shorting it? lol

Thoughts?

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05-18-2021 , 04:42 PM

#2157

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by Clayton

filed under "huh thats weird"

india etfs have more or less shrugged off this omegawave of covid

been long INDA for a while and thought for sure i was going to drown on it this month, nope

The average age in India is 26 years old. Even the worst wave ever will do jack **** to 99.8% of the population. The R of this new wave/strain was interesting - it was crazy high - but it was interesting mainly because of what it could do to Western older populations, not because of what it could do in India,which is too young to be nuked by this (death spikes of old people notwithstanding). India is young enough that it can run through the entire population and burn out rapidly without a major disaster/no-choice-or-else-millions-dead lockdown.

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05-19-2021 , 11:30 AM

#2158

PuckFokerGo

adept

Join Date: Jun 2017 Posts: 1,089

Any Canadians in here own/familiar with the company Constellation Software? They've experienced a significant pullback in the last two months and I'm thinking of adding them to my portfolio.

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05-19-2021 , 12:49 PM

#2159

bursito

adept

Join Date: Sep 2008 Posts: 1,124

It just gets harder and harder to find deals that are material enough to move the needle when you get to that 35b cad market cap. I have some friends who work in the M&A team there. Just hold onto it and forget about it, growth + dividend in the cdn market is very rare so it does trade at a premium, there's just not many real blue chip stocks like that here outside of banking.
I think there's always a bit of a dip when the employee stocks are out of the blackout period.
SHOP, CSU and WSP have done well for me but overall CDN blue chips have always lagged the sp500

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05-19-2021 , 04:24 PM

#2160

PuckFokerGo

adept

Join Date: Jun 2017 Posts: 1,089

Quote:

Originally Posted by bursito

Thanks for your input, bursito. Would you mind if I sent you a quick PM?

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05-19-2021 , 04:55 PM

#2161

bursito

adept

Join Date: Sep 2008 Posts: 1,124

Sure, I don't keep an updated DCF for constellation though so if it's super specific you should email IR.
I haven't seen anything that changed my investment thesis with CSU since I got in around 2016. I remember it was between CSU and MTY that I was deciding which M&A business model to invest in at the time.

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05-23-2021 , 03:23 PM

#2162

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

i suspect the crypto market is linked to the stock market. A sell-off in crypto is not a great sign for speculators imo

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05-23-2021 , 05:08 PM

#2163

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

Like the meme stocks and high growth stocks? I hope Bitcoin isn’t going to affect most spy stocks, that would be not good

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05-23-2021 , 07:38 PM

#2164

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

Quote:

Originally Posted by snowie963

Like the meme stocks and high growth stocks? I hope Bitcoin isn’t going to affect most spy stocks, that would be not good

All valuations are stretched imo. Lots of excess speculation. in the last week the crypto moves correlated with the stonks. The value of spy is totally irrelevant to crypto in the long run but this is the trading thread. IMO there could be some short term correlation/risk. Considering crypto is on the verge of melting down and liquidating moon boys, I think it adds a bit of short term risk in stocks, which already have elevated risk

That was wordy but hopefully my opinion makes some sort of sense

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05-23-2021 , 07:45 PM

#2165

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

I just wanted you to tell me my spy calls are good. I understand where you’re coming from as they do seem to somewhat move together. But it seemed like the stock market influenced Bitcoin and not other way around.

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05-23-2021 , 10:35 PM

#2166

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

bought a small amount of QIWI for yield. 11% dividend yield. Stock trades for just 6 times earnings. I guess people don't trust the books idk because that PE is too low. Whatever. Dividend has been consistent past 3 yrs.

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05-24-2021 , 04:43 AM

#2167

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,333

Quote:

Originally Posted by juan valdez

If anything, we can see speculative money move back from crypto to growth stocks.

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05-25-2021 , 09:13 AM

#2168

xyzzz

newbie

Join Date: Jul 2014 Posts: 40

Anyone have thoughts on NVDA?

As far as I can tell it seems to have fairly significant losses at times (many -20% periods) so just based on that I am going to at least keep an eye on it.

I was fortunate enough to time a dip and now it's near ATH, so I have mixed thoughts about taking some profit or just letting it run.

Also with the split coming up in July would that generally be considered to be a bullish catalyst?

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05-25-2021 , 11:07 AM

#2169

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

So RBLX has pumped even more into ATHs since my post not long ago wondering if it was a good short. The only news I've been able to find is that a couple notable hedge funds were revealed to have positions via their 13Fs. Its market cap is now $50B. This seems utterly insane to me. Am I missing something?

I'm trying to keep the faith because I kept saying the same thing about LMND as it went full energizer bunny mode for months. As far as I can remember though, hedge funds never touched that one.

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05-25-2021 , 04:22 PM

#2170

djevans

Pooh-Bah

Join Date: Apr 2009 Posts: 5,045

Quote:

Originally Posted by karamazonk

This always happens with IPOs - dumb money just piles in as they see the stock price going up and up. Look at every singe one. NIO - XPEV - PLTR - FUBO - PINS - TSLA - SKLZ. It should reverse eventually but who knows how high these things can pump.

If you are in a short - I would say the stock is over valued and I tried to do a credit call spread but couldn't get the premium desired on the 90/95 June 4th. The 100/110 June 25 gives $1.65 which I may consider taking. I also thought of just shorting the stock right out but no position yet.

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05-26-2021 , 08:58 AM

#2171

Dochrohan

Pooh-Bah

Join Date: Jan 2013 Posts: 4,195

So the AMC play paid off..took a bit but was worth.

Going to look at exiting today

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05-26-2021 , 09:44 AM

#2172

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,333

GME

you love to see it

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05-26-2021 , 01:18 PM

#2173

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Anyone know what time the Bureau of Economic Analysis's report gets released tomorrow?

Quote:

Originally Posted by djevans

Well put. I'm outright shorting it now.

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05-26-2021 , 02:05 PM

#2174

juan valdez

Pooh-Bah

Join Date: Jan 2009 Posts: 5,686

Quote:

Originally Posted by chytry

If anything, we can see speculative money move back from crypto to growth stocks.

interesting to see the market and crypto correlated this week also. larger and smaller moves (relative) together. Today seems like a slow day but there seems to be some more risk-on stocks making gains while others are stalling