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Combat Pretzel posted:Wait, so the markets go to poo poo over an anniversary?! Basically, also it's a thursday and thursday's this year have been statistically terrible and selloffs
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Oct 19, 2017 15:58
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Ground floor of market crash!1
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Oct 19, 2017 16:00
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Josh Lyman posted:I feel like we've been in "correction any day now!" mode since the end of January. I know because I sold my SPXL on 1/31. The end of January five years ago.....
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Oct 19, 2017 16:19
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Risky Bisquick posted:Basically, also it's a thursday and thursday's this year have been statistically terrible and selloffs Lol this is wrong. Seriously stop watching CNBC. PBOC rumors, Spain and Apple iPhone builds. And it’s down a few points, so relax (for now). . Although the vix spike is interesting.
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Oct 19, 2017 16:23
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Combat Pretzel posted:I'm trying to understand some of those biotech (presumably) pump and dumps that happen lately. Take ONCS today for instance. It got propped up during pre-/post-market hours, and as soon the market's open, it tanks. I have no idea what that means, but as a beginner, it kind of feels like someone's trying to intentionally dupe clueless people. Funny nonetheless. You can't understand small cap biotechs. They're all lottery tickets. Most of them have 1 or 2 products under development. Either it'll pan out and the company will be acquired by one of the big guys for billions or they'll fade away to nothing. If you want to speculate on them you need to be plugged in to back channels at the FDA, medical scientists, and insiders. If there's actually any news it's too late to trade.
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Oct 19, 2017 16:25
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Things are on sale today 
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Oct 19, 2017 16:36
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fougera posted:Lol this is wrong. Seriously stop watching CNBC. I don't watch TV  anecdotal, but I've been doing a lot of value buys on thursdays during nasdaq selloffs.
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Oct 19, 2017 16:44
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Tokyo Sex Whale posted:You can't understand small cap biotechs. They're all lottery tickets. Most of them have 1 or 2 products under development. Either it'll pan out and the company will be acquired by one of the big guys for billions or they'll fade away to nothing. If you want to speculate on them you need to be plugged in to back channels at the FDA, medical scientists, and insiders. If there's actually any news it's too late to trade. I've always assumed that this is how the members of Congress get rich.
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Oct 19, 2017 17:03
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orange sky posted:Hey guys Now do it with NGDP
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Oct 19, 2017 17:39
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Risky Bisquick posted:Netflix subs are enormous compared to any other player. Hulu is in two markets, prime isn’t great but that’s what you get when it’s basically a VAS for their retail side, what’s left is YouTube and what Apple? I’ll believe Disney when I see their MLBAM based streaming. APPL as a competitor to NFLX in terms of content delivery. The point is that the market is only going to get more crowded coupled with content owners moving to other platforms (or buidling their own). Unless NFLX has some kind of Midas touch in terms of creating content that people will want consistently, forever.
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Oct 19, 2017 17:46
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DIS, which is probably the king of creating content, has a pe of 17.39 (according to FinViz). I'm not suggesting to short NFLX, especially in this easy money environment. I'm rather simply suggesting not to buy the stock.
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Oct 19, 2017 17:49
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Disney revenue is mostly milking their existing IP at theme parks and ESPN rolling in the cash, not exactly an apt comparison to netflix who simply creates content, licenses content, and serves video. E Risky Bisquick fucked around with this message at 19:43 on Oct 19, 2017 |
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Oct 19, 2017 19:35
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Combat Pretzel posted:Wait, so the markets go to poo poo over an anniversary?! It happened the day after the last time the City of London was closed over nasty weather ... And now we’ve got Hurricane Ophelia heading for the Northeast Atlantic 👿😈
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Oct 19, 2017 21:25
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If you ever wanted to outsource your own trading to a computer...quote:The fund, which is being run in partnership with ETF Managers Group of Summit, New Jersey, will use AI and machine learning to scan more than 6,000 U.S. publicly traded companies each day to create a diversified fund, Amador said. The program will parse regulatory filings, more than a million news stories, company management profiles, sentiment gauges and financial models to establish a portfolio of 30 to 70 stocks. http://www.equbotetf.com/fund/#holdings  
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Oct 19, 2017 21:26
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Accretionist posted:If you ever wanted to outsource your own trading to a computer... 
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Oct 19, 2017 21:30
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I saw a little hype about 'first AI ETF!' and 'it's using IBM's Watson!' and it looked cool
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Oct 19, 2017 21:34
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Nice job diversifying your gains away, bitch!
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Oct 19, 2017 21:42
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Looking forward to when the A.I. starts HFT on trash biotech stocks then throws itself off the roof of a tall building after losing everything
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Oct 19, 2017 21:50
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Would have figured the financial sector is already way ahead in using AI to varying degrees. If just for test runs.
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Oct 19, 2017 22:21
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Risky Bisquick posted:Disney revenue is mostly milking their existing IP at theme parks and ESPN rolling in the cash, not exactly an apt comparison to netflix who simply creates content, licenses content, and serves video. This is the exact opposite of true, lol. ESPN is hemorrhaging money and their existing IP has been taking in records — including new IP
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Oct 19, 2017 22:31
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Syrinxx posted:Looking forward to when the A.I. starts HFT on trash biotech stocks then throws itself off the roof of a tall building after
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Oct 19, 2017 22:45
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Whistling rear end in a top hat posted:This market is such a bubble, I'm continuously shocked that every day when I wake up and check the news that it hasn't burst yet. Good thing the whole loving Russell 2000 constitutes less than 10% of the entire loving market. But ok cool you found something you don't like, short it all.
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Oct 20, 2017 00:49
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paternity suitor posted:Good thing the whole loving Russell 2000 constitutes less than 10% of the entire loving market. But ok cool you found something you don't like, short it all.  I think you're missing my point. My point wasn't short the whole market because this one stock is really overvalued...it's that we're in the kind of ridiculous market where a company that's peddling an unsafe drug for a disease so rare it could never be profitable reaches the point where the market says it's worth $40 a share. Not that Wikipedia is the paragon of market knowledge, but let's use this quote: "As of 31 March 2017, the stocks of the Russell 3000 Index have a weighted average market capitalization of almost $140 billion; the median market capitalization is nearly $1.7 billion." The stock I picked as an example is nearly at that median market cap value. So if the Russell is used as an indicator of the health and value of the market as a whole, and a stock with a value close to the median of that index is way overvalued, it's not a stretch to say that the market as a whole is probably overvalued. Someone else pointed out that people in this thread, and real Wall Street types who get paid to research this poo poo for a living have been making the same call for years, so I'm not saying I've got some penetrating insight that no one else has, it's just bizarre to me that some catalyst hasn't happened yet to flip the market from bull to bear. Ultimately my point is that *value* is really hosed up in this market, and to me that seems unhealthy and probably a bad omen overall that correction is coming soon. What do you think the valuation of my example company would be if they were private and trying to get an internal valuation? Definitely nowhere near $40 a share.
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Oct 20, 2017 01:43
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Accretionist posted:I predicted 3 out of the last 0 recessions and we're definitely due for one soon. Same 
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Oct 20, 2017 02:18
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still got my 401k switched to Hella Conservative mode from like....  .... 2 years ago almost lmfao 
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Oct 20, 2017 02:22
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401k and Roth 401k 100% in no load emerging market funds. See you in retirement bitches!!!!!
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Oct 20, 2017 03:52
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How about you give this thread an analysis of what you think the fair value of that company should be, then give us an analysis of what you think the broader market should be.
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Oct 20, 2017 04:02
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CLF reports before open today. It’s the most fun stock because it moves 10% like every day on no news and the CEO is a fun Brazilian guy with an accent.
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Oct 20, 2017 12:09
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GE throwing in the kitchen sink for this quarter. I think they are kicking themselves for completely divesting their capital finance division.
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Oct 20, 2017 14:42
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 ticker was reused google  anyways WEED rebound, MU calls to the moon baby, AMD on track for next week
Risky Bisquick fucked around with this message at 15:10 on Oct 20, 2017 |
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Oct 20, 2017 15:08
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CELG down 10%
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Oct 20, 2017 15:42
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Bought 20 shares of the AI controlled ETF. All hail our robot overlords
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Oct 20, 2017 15:52
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Risky Bisquick posted:WEED rebound 
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Oct 20, 2017 19:10
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Syrinxx posted:Bought 20 shares of the AI controlled ETF. All hail our robot overlords Whereas I'm just getting, "This security is currently blocked and unavailable for trading." whyyy
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Oct 20, 2017 19:31
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Can't buy it either. Weird. Bunch of IPOs I was monitoring for fun like over a week ago still don't show at my broker either. I have to inquire.
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Oct 20, 2017 20:06
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AIEQ sounds like something fun to throw a few thousand dollars in just so I can say Skynet is in control of some of my funds.
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Oct 20, 2017 20:08
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Literally investing in the meme economy
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Oct 20, 2017 20:22
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My other broker had no issue. Bought 100 shares @ 25.39. All hail our AI overlords! And my hypothetical 'cobalt basket' from a couple months ago is way up. Still not entirely comfortable with penny stocks, though.
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Oct 20, 2017 20:49
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Bought 2lbs of weed. Willing to sell, if the price is right, Natch
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Oct 20, 2017 20:52
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Solice Kirsk posted:AIEQ sounds like something fun to throw a few thousand dollars in just so I can say Skynet is in control of some of my funds.
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Oct 20, 2017 21:22
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