Originally Posted by Hammock Parties:
Want to turn 19 grand into 25 grand in 9 months.
Any good stocks?
Well if you'd bought GEVO this morning you'd have $76,000 . But you only wanted 25 K 9 months from now so I guess that wouldn't have worked. My Bad. [Reply]
new chinese meme stock is possibly $new Puxin. Tons of chatter the last couple of days.
Up 37% today and 5% after hours. It's not exactly Huya, IQ, Sogou in that they were spun off subsidiaries that weren't China Hustle level bullshit but eh.
IPOs in general seem to be doing crazy. Whatever the fuck avalara or something is.. it IPO'd in the US friday and went up 80+% and Adyen had an insane debut on the dutch market. I wish I could add Adyen to my payments portfolio :\ They're the company replacing pypl on ebay. Also, in use by spotify, etsy, it seems online merchants really like them. Growing at more than 50% rev and also profitable. [Reply]
I'd watch GEVO for a few days to get a feel for it. It could go to $100. They just got EPA approval to blend more shit into our gasoline and it jumped 269% and another 19% after hours.
I wouldn't feel comfortable owning it yet. [Reply]
Originally Posted by ChiliConCarnage:
new chinese meme stock is possibly $new Puxin. Tons of chatter the last couple of days.
Up 37% today and 5% after hours. It's not exactly Huya, IQ, Sogou in that they were spun off subsidiaries that weren't China Hustle level bullshit but eh.
IPOs in general seem to be doing crazy. Whatever the **** avalara or something is.. it IPO'd in the US friday and went up 80+% and Adyen had an insane debut on the dutch market. I wish I could add Adyen to my payments portfolio :\ They're the company replacing pypl on ebay. Also, in use by spotify, etsy, it seems online merchants really like them. Growing at more than 50% rev and also profitable.
I'll watch NEW but its too early for me on that one. [Reply]
I'm riding these chinese stocks as far as they'll go and watching like a hawk. IQ,Huya,Bili,Sogo. I call it a looong swing trade.
SOGO Stock’s Solid Financials
Also, in fairness, the financial statements for SOGO stock also speak to both massive growth and stability. In 2014, the first year the company published public financial reports, SOGO brought in $368.38 million in revenue.
This year, analysts expect to see revenues hit $1.29 billion after coming in at $908.36 million in 2017. In percentage terms, this exceeds the growth rate of Baidu. Analysts predict 20% profit growth this year, and over 50% net income growth in 2019.
In addition to the massive growth, the company’s solid balance sheet should also garner attention. SOGO stock currently sits on over $1.1 billion in cash and holds no debt.
Its comparatively small size might also draw investors. The company’s market cap stands at $5.4 billion. This makes SOGO less than ten percent of the size of Baidu. It is also less than one percent of the size of the dominant search engine in the rest of the world, Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG). [Reply]