Dow Jones Base Jumping - Topic

theCrossbones

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#3311

Apr 29 2021 07:26am

After that speech last night gonna go.
OSK
VMC

obisent

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#3312

Apr 29 2021 07:48am

Quote (obisent @ Apr 28 2021 11:28am)

Looking at ispi, risky otc trade.

Put the wrong ticker, was IPSI.

I’ll post some short DD later if anyone’s interest in otc trades.

This post was edited by obisent on Apr 29 2021 08:02am

SBD

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#3313

Apr 29 2021 08:29am

If you're Canadian and considering OTC trades in a tax advantaged account you need to be extremely cautious since any OCT trades that do not have another listing on a major exchange cannot be traded in a tax advantaged account. You will receive absurd penalties, the penalty does not fit the crime, it is very significant. If you can show you did it in error you can get forgiveness from CRA.

You can however trade OTC tickers that are listed on other major exchanges for example. Air Canada trades on the TSX, but you can buy it using American funds via OTCMKTS: ACDVF . A trade like that will not be penalized.

A word of warning for Canadians. Your bank will let you go through with the trade even though it's not eligible to be in that account. They should restrict it, I don't know why trade platforms don't.

Edit: Obviously you're free to do as you please in a non-tax advantaged account aka your unregistered accounts.

This post was edited by SBD on Apr 29 2021 08:33am

Whirlpool

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#3314

Apr 29 2021 11:01am

wow what hte fuck happened today

S3th

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#3315

Apr 29 2021 11:59am

Added to TSLA and ENPH ofc

birdman5

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#3316

Apr 29 2021 04:01pm

Quote (ofthevoid @ Apr 29 2021 09:03am)

Msft dipped in my opinion because the stock already went up significantly in anticipation of higher earnings.

Facebook when I was pounding the table on to buy it was at like a 25x pe with a forward pe sub 20 which is less than the sp 500. It’s too low for a tech company that has been consistently growing earnings at that rate. It was only that low because there was a lot of regulatory crap with Russia bots, fake news, Australia issues, etc basically scaring investors.

Msft is at a 38 pe currently. It’s still a great long term hold but that’s a
multiple where even if earnings are growing by a lot i think the stock needs to trade somewhat flat for a quarter or two so it feels more affordable.

I talked about it before but alibaba is another company that has the Facebook feel to it. High growth but stock price is being discounted because of noise and regulatory. I still think that company has a lot of upside and patiently waiting.

i noticed the same thing with fb and baba. PE and forward PE both were way too low for fast growing tech companies. This made me target both of them recently for some large buys. I bought/sold FB a bunch of times day trading in the 250s-260s, but unfortunately failed to hold onto it long enough to get the benefit of the most recent run up from 260s to 330. Baba is the largest holding in my portfolio atm just waiting for it to pop.

ofthevoid

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#3317

Apr 29 2021 04:46pm

Quote (birdman5 @ Apr 29 2021 06:01pm)

Same. It’s basically an Amazon clone. Huge e commerce business, huge cloud business. It needs to trade at a 30-35x pe IMO for fair value. Even then it’d be half as expensive as Amazon.

Now let’s think about which region of the world will see higher growth in the next 10-20 years, east Asia or North America for the respective company markets.

Baba much more upside, it’s not even close.

This post was edited by ofthevoid on Apr 29 2021 04:47pm

ofthevoid

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#3318

Apr 29 2021 10:16pm

Some word of caution on Tesla.

They currently beat on earnings but there’s a few things to consider.

They are still making a ton of money from their tax credit sales for EVs something like 518 million to other companies. As they sell more cars those government credits that they get and sell to other car makers that produce combustion engine cars will go away eventually.

They also made a decent amount of money by selling 273 million BTC realizing something like 100 million in profits from it.

If you exclude those two non core operating earnings numbers they would be barely turning a profit. That’s why you’re seeing the stock pullback even though they beat on eps.

Tesla has such a cult following so you never know, but I think you could see the stock pull back sub 600.

This post was edited by ofthevoid on Apr 29 2021 10:17pm

S3th

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#3319

Apr 30 2021 05:46am

cool

. Transferred a few thousand from savings to purchase more TSLA and ENPH. Credits make up a small fraction of total revenues and they will continue to exist. Ford (or any other heritage automaker) is selling how many MachEs to offset its ICE sales? BTC is no different from any other realized investment gain. $908MM/28% of Ford's NI was from an unrealized gain from Rivan. Additionally, let's ignore how Tesla's high-margin vehicles weren't in production for Q1.

Also Elon's compensation plan has 1-2 years left, then that will be around $1B no longer going out the door each year, off the top of my head.

Ford's YOY revenue growth: 5.55%

Let's look at other top companies Q1 YOY Growth%:
TSLA +73.6%
AAPL +53.6%
FB +47.5%
AMZN +43.8%
GOOGL +34.4%

This post was edited by S3th on Apr 30 2021 05:48am

S3th

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#3320

Apr 30 2021 03:21pm

That TSLA pump.

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