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Old 05-15-2021, 10:07 AM   #2201
ToothSayer
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Re: 2021 Trading Thread

Yeah, it's pure scam, and if things escalate/delist when China attack Taiwan for example, you're left holding nothing.
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Old 05-15-2021, 11:01 AM   #2202
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Re: 2021 Trading Thread

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Yeah, it's pure scam, and if things escalate/delist when China attack Taiwan for example, you're left holding nothing.
Isn't that just part of the risk and why it is trading cheaper relative to similar listed American companies? There is a lot of talk about this online, reddit mostly, and you still have these supposedly smart people buying it. I realize it's a small percentage of these portfolios but still it seems to be a known risk and seems there is still upside that outweighs that risk for investors.
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Old 05-15-2021, 11:13 AM   #2203
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Re: 2021 Trading Thread

Are they really that much cheaper? They're trading a 24 P/E (compared most cash cow US tech companies at about 30-35). That's nowhere a sufficient discount for the risks in China + the risks of not actually having a legal claim/legal ownership in the company. Not when China is gearing up to take Taiwan while Biden is in office and it can get away with it.

If you don't mind risk or want to buy discounted risk, why not buy US covid stocks instead? Plenty are still way down.
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Old 05-15-2021, 11:50 AM   #2204
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Re: 2021 Trading Thread

I wonder how that works for companies headquartered in Canada, listed on the Canadian exchange but all operations/subsidiaries are in China (I've been long PKK.CN for a couple of years now)

WISH just gives me flashbacks to lightinthebox LITB which is a dumpster fire. Isn't everything on WISH counterfeit?
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Old 05-15-2021, 12:09 PM   #2205
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Re: 2021 Trading Thread

yeah all chinese stocks are listed that way
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Old 05-15-2021, 02:05 PM   #2206
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Re: 2021 Trading Thread

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you still playing baba? I am in 100 shares are 209 now, will hold long time.
Yep, after being out for a long time I got back in this week, cost basis around 208, but I haven't bought too much yet. BABA is the #1 or #2 biggest losing ticker for me due to calls that got rekt but the current price was just too bargain basement-y to pass up. The reaction to the ER seemed silly given this quarter was the one that took the hit from the $2B fine from the Chinese government or whatever the fine was; maybe I'm too optimistic, but I think the fallout from the Jack Ma stuff has to be over or almost done.

I've been buying JD on the dip too but the risk reward isn't as favorable as BABA's and it could easily drop more.

Re: concerns related to Chinese stocks, I too think that all of that is currently priced in. Charlie Munger, one of the most conservative investors out there, was comfortable enough with all of these risks to buy BABA the dip above our own cost bases, and last I checked Dalio owns a large chunk of Chinese stocks as well via VWO, where BABA is typically a top 3 holding.

Kind of funny that I had the same thought as you, snowie, re: ARK selling. I took it as a buy signal lol. ARK=fish that was on a heater; I thought it months ago and now it's been confirmed imo.
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Old 05-15-2021, 02:06 PM   #2207
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Re: 2021 Trading Thread

Well if tooth has any better stocks to buy let us know and I will consider those too.
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Old 05-15-2021, 02:11 PM   #2208
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Re: 2021 Trading Thread

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I wonder how that works for companies headquartered in Canada, listed on the Canadian exchange but all operations/subsidiaries are in China (I've been long PKK.CN for a couple of years now)

WISH just gives me flashbacks to lightinthebox LITB which is a dumpster fire. Isn't everything on WISH counterfeit?
Just to reiterate, I dunno much of anything about WISH other than it's a bargain-oriented e-commerce site and their market cap was down to $5B as of the time I bought. I went to their web site and it required a login to do literally anything (like, you can't even browse the site and its products), which seemed like a horrible business decision to me. It's purely a rebound play for me that's already paid off nicely and is a freeroll now. I don't know if it's worth getting in now after its stock price went up 21% day the day after my post.
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Old 05-15-2021, 02:36 PM   #2209
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Re: 2021 Trading Thread

I don't know when a good entry will be, but I think RBLX is still ripe to have a big sell-off. I'm not too knowledgeable about fundamentals and valuation yet, but a $40B market cap still seems crazy elevated to me after all of these other IPO growth stocks have sold off hugely. I already own some puts for a few months out and may buy more. Anyone else looking into this ticker?
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Old 05-15-2021, 07:31 PM   #2210
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Re: 2021 Trading Thread

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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Old 05-17-2021, 08:16 AM   #2211
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Re: 2021 Trading Thread

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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Old 05-17-2021, 09:46 AM   #2212
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Re: 2021 Trading Thread

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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Old 05-18-2021, 12:55 PM   #2213
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Re: 2021 Trading Thread

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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Old 05-18-2021, 03:26 PM   #2214
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Re: 2021 Trading Thread

Quote:
Originally Posted by Clayton View Post
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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Old 05-18-2021, 04:03 PM   #2215
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Re: 2021 Trading Thread

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

Thoughts?
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Old 05-18-2021, 04:42 PM   #2216
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Re: 2021 Trading Thread

Quote:
Originally Posted by Clayton View Post
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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Old 05-19-2021, 11:30 AM   #2217
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Re: 2021 Trading Thread

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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Old 05-19-2021, 12:49 PM   #2218
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Re: 2021 Trading Thread

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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Old 05-19-2021, 04:24 PM   #2219
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Re: 2021 Trading Thread

Quote:
Originally Posted by bursito View Post
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
Thanks for your input, bursito. Would you mind if I sent you a quick PM?
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Old 05-19-2021, 04:55 PM   #2220
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Re: 2021 Trading Thread

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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Old 05-23-2021, 03:23 PM   #2221
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Re: 2021 Trading Thread

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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Old 05-23-2021, 05:08 PM   #2222
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Re: 2021 Trading Thread

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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Old 05-23-2021, 07:38 PM   #2223
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Re: 2021 Trading Thread

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Like the meme stocks and high growth stocks? I hope Bitcoin isnít 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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Old 05-23-2021, 07:45 PM   #2224
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Re: 2021 Trading Thread

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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Old 05-23-2021, 10:35 PM   #2225
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Re: 2021 Trading Thread

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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