On March 28 2024 09:30 Acrofales wrote: Is Truth social the easiest short option choice in the history of the stock exchange, or is there something I'm missing here?
To short you borrow a share from someone else, sell it, and then buy it back later so that you can return it to the original owner. Ideally you buy it back at a lower price than you sold it at.
Problem is that you need someone who is willing to hold that share for the period between your sell and your buy back. And the holder might also think that it's overvalued which means that they're going to want to be compensated for the risk associated with owning it for that period by interest payments on their loan of a share. And even if they think that it will only go up and that there is no risk there are still only so many shares available to borrow and everyone knows that it is overvalued. That means that you and everyone else are bidding to borrow that same limited pool of shares available to borrow which means extremely high interest that cuts into your short profits. The big traders are going to do the math there and work out exactly how much interest is too much interest to pay for the expected return on the short based on the expected sell and buyback prices. You're probably going to do it less well. That means that if you actually manage to borrow a share for the purpose of short selling it's because you overpaid interest.
Shorting companies like this is different to shorting Microsoft or whatever. There's a huge pool of institutional shareholders of Microsoft (retirement funds, index funds and so forth) that will happily add a little to their returns by loaning them out because they have zero plans to ever trade on them. They don't care about the difference between a share and an IOU for a share, they're institutional holders, it's all the same to them. If you want to short sell those then you can borrow as much or as little stock as you like for a low cost. Shorting Truth Social is a completely different animal.
On April 16 2024 01:53 JimmiC wrote: Some how Trump media just keeps falling it’s worth a third what it was 2 weeks ago. I wonder how many of his fans have lost their life savings, somehow he found a bigger way to waste their money than all his shitty merch.
Even if it was Obama/Biden/etc, I still wouldn't buy it assuming it's "DJT" ticker. Whoever invests in unprofitable company runs this risk. + Show Spoiler +
On April 16 2024 01:53 JimmiC wrote: Some how Trump media just keeps falling it’s worth a third what it was 2 weeks ago. I wonder how many of his fans have lost their life savings, somehow he found a bigger way to waste their money than all his shitty merch.
And it doubled since your post.This is what meme stocks do. A smarter move would be to invest in similar fashion to Pelosi, rather than buy Trump stock.Pelosi stock tracker @Pelositracker_ has over half a million followers on twitter.Great insights not just into Pelosis investments but of other congressmen and senators.
On May 03 2024 03:36 SC-Shield wrote: Or, you know, you can simply buy XLK or QQM. It's pretty much the same thing, that portfolio seems tech heavy anyway.
O Please tell me the name of the company with abbreviation QQM is Crymore Industries.
On May 03 2024 03:36 SC-Shield wrote: Or, you know, you can simply buy XLK or QQM. It's pretty much the same thing, that portfolio seems tech heavy anyway.
O Please tell me the name of the company with abbreviation QQM is Crymore Industries.
Thanks for correction, I usually use QQQ for tracking but I mentioned QQQM as it has lower expense ratio (0.15%) compared to 0.2%.
From limited information I found about Pelosi, her family simply invests in heavy tech such as NVIDIA, Apple, Google, Microsoft, etc. There is no need to consider conspiracies or insider information, I believe US government is pretty good against corruption if that was the case.
So simply: S&P 500 - VOO, SPY, these are the largest 500 companies Nasdaq 100 - QQQM and QQQ, these are the largest 100 non-financial companies S&P tech index - XLK, here you may find Apple, NVIDIA and Microsoft but NOT Meta (Facebook), Google and Amazon since their main business is not categorised as "tech" (still confusing to me since I work in the IT field and I think of them as tech).
You usually can't buy these index trackers (ETFs) from Europe, so if you attempt to do so, I suggest you find the equivalent from here: https://www.justetf.com/en/ If you can buy them as a European, it's usually due to gimmicks from broker's part.
Direct quote from Jacob King... "Berkshire Hathaway has dumped more shares this quarter than any other quarter in its entire history. They know what’s coming."
On August 05 2024 10:54 JimmyJRaynor wrote: Direct quote from Jacob King... "Berkshire Hathaway has dumped more shares this quarter than any other quarter in its entire history. They know what’s coming."
Tomorrow will be Black Monday.
He probably thinks there will be a better company to buy or he can't tell who is going to lead in AI in the next 5-10 years. Buffett isn't great when it comes to tech, he only bought Apple for brand loyalty. But yes, hopefully prices come down a little, valuations became crazy high for a short time. I've been saying this especially for NVIDIA, it was almost 170% at some point since the year started.
Buffett’s Apple position was overweight in his portfolio. He still owns a shitload of Apple, it’s not like he doesn’t like it, it’s still his biggest single bet. He just moved some of his eggs out of that basket. Diversification is one of his core principles.
If Tuesday goes as Tuesday October 20 1987 did then I am more confident in my observation that this marks a point of inflection for the US economy.
My favourite 'black' day for 1987 was Black Sunday February the 15th. This black Monday stuff is depressing although not surprising or shocking by any means. People should've been reacting to the clear signals the past several weeks.
On August 06 2024 05:02 KwarK wrote: Buffett’s Apple position ... Diversification is one of his core principles.
A s you can prolly surmise from previous posts... When Warren Buffet talks.. I listen.
On August 06 2024 05:28 JimmyJRaynor wrote: If Tuesday goes as Tuesday October 20 1987 did then I am more confident in my observation that this marks a point of inflection for the US economy.
My favourite 'black' day for 1987 was Black Sunday February the 15th. This black Monday stuff is depressing although not surprising or shocking by any means. People should've been reacting to the clear signals the past several weeks.
On August 06 2024 05:02 KwarK wrote: Buffett’s Apple position ... Diversification is one of his core principles.
A s you can prolly surmise from previous posts... When Warren Buffet talks.. I listen.
I hope things go well on Tuesday.
No one knows when recession will be or how economy will do, you should also listen to Peter Lynch and not just Buffett. Also, Buffett said before he expects taxes to rise, I think he mentioned it about deficit, so he is taking some profit. I guess he expects democrats to win then?
Anyway, here is a video in case you haven't watched it already:
One of Canada's major banks, Scotiabank, stopped allowing withdrawals for about 30 hours a 10 days ago. Of course, it was dismissed as a minor IT glitch.
Assets have fallen to around $273 billion from a peak of more than $570 billion as officials have allowed the bonds on their books to mature without replacement, draining liquidity from the country’s financial system.
If another major Canadian bank halts withdrawals it is going to get harder to call it an "IT Glitch". Confidence in Canada's banking system is not helped by the fact that the country's finance minister is a moron.
I will definitely react to the next halt in withdrawals. Even if I end up doing nothing with my investments in TD-Bank... I'll at least dig in and research the cause of the halt.
EPT
![[image loading]](https://i.imgur.com/IkdFWMY.png)
