Originally Posted by MahiMike:
Gold is up 30 pct in the last year. Stocks 3 pct. Countries around the globe are stockpiling in millions of pounds. They know the central banks are out of options. Everyone should have at least 10 pct in gold.
This is horrifically bad advice.
Gold is, and always was until fools thought bought hogshit salesman’s advice, a commodity. Thusly it makes a horribad investment. Nobody was saying dudes should own 10% wheat in 08 or corn in 12.
It’s a commodity man. Don’t buy the shit. Look at a monthly chart and go back as far as you can go. It’s not an investment, it’s a commodity. [Reply]
Originally Posted by MahiMike:
Gold is up 30 pct in the last year. Stocks 3 pct. Countries around the globe are stockpiling in millions of pounds. They know the central banks are out of options. Everyone should have at least 10 pct in gold.
Originally Posted by MahiMike:
If you don't get it, I can't help you. There are plenty of alternatives to the stock market. The last week is the 4th largest drop in the market's history. Anyone buying stocks right now isn't seeing the bigger picture.
I'm sorry we can't help you in seeing that investing in Gold over decades, sure as shit comes no where close to the gains you'll make in the market over the same period. NEVER.
4th largest drop? I guess if going solely by point values, which is retarded. It was a day where it dropped 3%. Hardly something unheard of. [Reply]
I’m selling covered calls on IQ around $17.50 until it sells. I’ll take the loss once one sticks and my shares are called away. Fuck this piece of shit. [Reply]
ten days ago I was looking up stocks to buy during a recession (looking to maybe move some of my FAANG money ) I found an article that said healthcare and groceries. People still buy / use those things. It listed Target and Walmart. I added those to my follow list but didn’t buy. Was waiting to see...
TARGET WENT UP 20% TODAY ON EARNINGS BEAT. :-) [Reply]
ten days ago I was looking up stocks to buy during a recession (looking to maybe move some of my FAANG money ) I found an article that said healthcare and groceries. People still buy / use those things. It listed Target and Walmart. I added those to my follow list but didn’t buy. Was waiting to see...
I was pleased to look at my Target holdings today, even though they're not large. Nonetheless, it helps to make up for the day last week when I was holding the three biggest losing stocks in the S&P 500. That was a first. [Reply]
ten days ago I was looking up stocks to buy during a recession (looking to maybe move some of my FAANG money ) I found an article that said healthcare and groceries. People still buy / use those things. It listed Target and Walmart. I added those to my follow list but didn’t buy. Was waiting to see...
For every stock that rockets around earnings, there's a fool who believed some hype and lost just as bad on the other end. Paper trade around stocks posting earnings for a while and see if you really can nail the volatility of earnings reports (I bet you can't!). [Reply]
Originally Posted by lewdog:
I’m selling covered calls on IQ around $17.50 until it sells. I’ll take the loss once one sticks and my shares are called away. Fuck this piece of shit.
You haven't done anything right with this stock. You got the Chinese curse! :-) [Reply]
iQIYI Joins Group to Develop Industry Standards for Interactive Video; ADRs Rise
2:04 PM ET 9/11/19 | Dow Jones
Originally Posted by :
By Stephen Nakrosis
The American depository receipts for internet video streaming and social media company iQIYI Inc. (IQ) are trading higher on the Nasdaq Tuesday, after the company said it joined a group in China which is working to develop industry standards for interactive video.
At 1:54 p.m. ET, the company's ADRs were trading 6.93% higher at $19.30. Volume was higher than usual, with over 12.8 million ADRs trading, above the 65-day average volume of some 6.6 million. The company's ADRs opened the day's trading at $18.29, and fell to as low as $18.20.
