OT: Stock and Investment Thread
- Thread starter RU05
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Do you have to set a price limit? I always due this so there are no surprises with "market".
Jinxed em both. HCMC was up around .0045 and dropped back to .0027(still up60% for the day).
AITX had an odd extended hours trade at .12 down from .18. Maybe just a blip? Trade execution gone wrong? Or is it an ETrade thing given this is an OTC and I didn't think they traded in extended?
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Why is GM only taking 10,000 reservations? And what about that price sticker? Yikes! Weren't you complaining how expensive Teslas were? I guess the Hummer will only be for Silicon Valley elitists too (if it ever gets to production).
I have yet to form an opinion re Bitcoin.
In extended? Yes, there may not be enough corresponding buyers or sellers for there to be a stable market price.
In regular market hours you can, and I typically do just go with market price. I may not squeeze every penny out of a deal, but when the market price is about where I want it, I put in a market order.
The fact that Chinese regulators are now talking about battery fires, unexpected acceleration, and more, is the biggest indicator that Tesla will never be allowed to succeed in China.
I'm not really into this back and forth, but it is interesting that Musk bristles against the regulations in Cali, while he rushes to get into China.
I don't know how foreign companies are taxed in China.
I am not familiar with that specific situation but typically when a fund is terminated or liquidated, you’d get the value at the termination/liquidation date. You could also redeem it and get the money before the termination/liquidation but you’d want to keep,it in the IRA. If you redeem, may lose or gain depending on price change between your redemption and it’s termination liquidation.I’d probably redeem via exchange and the money into a fund or investment in which you are comfortable. Since it’s in an IRA it should not be a taxable event if you do an exchange. I would speak with the provider or custodian to confirm. In short you want to move the money into something but keep it in the IRA. This is not financial or legal advise and you should speak with your IRA provider and tax advisor.
The EV Hummer is not for the masses especially based on the price tag as you noted. It’s sole purpose is to generate buzz and introduce GM as an EV player. I don’t have an issue with the Tesla price tag. I’ve never said it was a bad car. But, it’s also not a car for the masses. My main issue with Tesla is that I don’t believe the long term investment story that is used to justify the current valuation. And, as much as I think Musk is a visionary, I also think he’s part snake-oil salesman. Today’s BTC stunt, dogecoin nonsense, “funding secured”, etc. do not impress me. But, with Big Money making a fortune off Tesla’s stock and the SEC asleep at the wheel, Musk is untouchable.
Tesla had no choice but to rush into China because it’s such a huge part of Tesla’s future growth plan. But, mark my words, the Chinese gov’t and Musk are on a collision course for an epic showdown.
Yes, I saw HCMC when it was at .003 today. I jumped in at .0015 so I doubled my money, at least for a while. I only put in $300 for fun.
I think the Hummer is GM's way of telling loyal GM customers that EV's can be big and powerful. Where as the Bolt(or even worse the Prius) came across as pretty wimpy.
Ford is doing the same with Mustang. Fast and exciting.
TSLA owners know that Performance and EV need not be mutually exclusive, but many Americans do not.
Ford is doing the same with Mustang. Fast and exciting.
TSLA owners know that Performance and EV need not be mutually exclusive, but many Americans do not.
I'm in for $100 each on HCMC and AITX. I don't consider it a "fun" trade, just a low risk trade with potential for high returns. And in this market, its not even that much of a long shot.
GM is in China already, but I think it's a joint venture with a Chinese company. Perhaps that is their work around?
I'll keep holding and see what happens. I put on a stop loss at .0010, so I will lose $100 at worse.
Just trying to maximize my GBTC and ETHE right now. I buy a little everyday, but only a little due to the all-time highs.
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Would you rather.
The" growth" of TMUS
or
The "value' of VZ?
Both companies were definitely battling it out via advertising during the commercials.
Edit: Though one of the value guys (from oak something I think) did like TMUS as a value play. You don't see it in the p/e, but the price to book is actually a little cheaper then VZ's. 150% increase in expected earnings by 2023.
The" growth" of TMUS
or
The "value' of VZ?
Both companies were definitely battling it out via advertising during the commercials.
Edit: Though one of the value guys (from oak something I think) did like TMUS as a value play. You don't see it in the p/e, but the price to book is actually a little cheaper then VZ's. 150% increase in expected earnings by 2023.
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Not positive, but I don't think there are varying provincial income taxes in China like there are between states in the US,
That just means they gave their technology to China as opposed to having it stolen.
I wouldn’t touch either of them. No near term growth catalysts and the recent spectrum auction was costly. AT&T could have some upside only because it probably can’t go much lower at this point and offers a 7% dividend. HBO Max does have potential assuming the same day theatrical release model drives subscriber growth. Hard to imagine it won’t with movies like Dune, Matrix 4, Kong v. Godzilla, Justice League, Suicide Squad, Many Saints of Newark, etc. launching on the app same day as theaters. The Many Saints of Newark should create considerable buzz since it’s the Sopranos pre-quel and stars Gandolfini’s son Michael.
5g?
TMUS has grown significantly in recent years, and is expected to grow more in the upcoming years. VZ not so much.
I was going to throw AT&T in the mix as well. Seems to be very similar to VZ. But I do like the HBO aspect of T.
I posted a Bloomberg article that discussed this already. TSLA and China are using each other right now. But at some point, there will be a divorce.
TMO’s most recent quarter was just OK. It’s had a huge run so I’m not convinced there is a lot of upside left. Rolling out 5G will be costly and it’s not clear how 5G equals more money for the carriers. I only threw AT&T in the mix because of the dividend and it seems to have found a floor.
I think the QTR was good, it was the forecasts, including the costs of bringing in Sprint, which dinged them.
I don’t disagree on TMO forecasts/costs, but I think the AT&T QTR, which turned out to be better than expected in terms of gross ads and ridiculously low churn, actually hurt TMO. Nobody expected AT&T to get that close to TMO’s numbers.
Did they report much growth in HBO subscriptions this past QTR?
Streaming is getting to be a crowded field, but I'd think the HBO name would carry some weight.
General consensus was that the HBO Max numbers were excellent, and apparently AT&T blew past their targets, but it’s hard to get out of the shadows of Netflix and Disney+ until HBO Max gains critical mass. The HBO Max content is legit but still has a lot of catching up to do.
Dealing with China will be Musk’s greatest test:
Tesla receives 20% of it current revenue from China.
China is currently the largest car market at 28 million and US car market is 17 million. Recently, China imposed a mandate on automakers requiring that electric vehicles(EVs) make up 40% of all sales by 2030. China is now 40-50% of the EV market and provide $2,000 subsidiaries for a EV vehicle which has been reduced from $2,800 last year.
Tesla future depends on China and the US stock market depends on Tesla. The US has basically cut off all high tech semiconductors and semiconductors machines to China to hurt HuaweI 5G technology around the world.
Interesting, NIO, one of Tesla competitors in China, replaces their batteries at battery swap stations.
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Not that hard when you just bend over.
Apple probably had to do the same thing to get into the Chinese market and they still have a huge slice of their market.
Hmmm....wonder if this will end well. It's not like we haven't seen this movie before.
California's unitary system of corporate tax is likely far more difficult to deal with than any provincial (not national) tax system in China.
BTW, the Chinese corporate tax rate is 25%, which until 3 years ago was a full 10% lower than the US rate.