It was for the dividend which is still intact until the deal is done next year. I don't have a huge position, and I'm optimistic about how well the new company will do in the streaming space.

this is why I am staying clear of most Chinese stocks
China's government is just too unpredictable as far as business regulation

https://www.cnbc.com/2021/07/16/tech-crackdown-chinese-regulators-visit-didi-for-cybersecurity-probe.html

Exactly. Too many outside factors and state actors that can impact this and other Chinese stocks at this time. DIDI definitely has a target on it.

Would NIO be included in that list? Been wanting to get rid of it for a long time. Only one more month to go to complete 1 year and pay lower taxes on it.

Oil stocks hit my stop limit. I'm sure I will rebuy but it's crossing a threshold I didn't think it would.

Dont track it so dont know. I am not a fan of the stock though. You will have to do some digging.

Worth reading this on IBD: https://www.investors.com/news/best-ev-stocks-buy-now-electric-cars/

I was buying a few big name China stocks like BABA and Bidu but they’ve not done well lately. I think it’s not a stabile way to operate when the CEOs are liable to disappear or who knows what at the whim of a dictatorial government.

I would never ever place a market order - Never!
always a limit order

I was quoting (apparently unsuccessfully) someone else's post. I too would never place a MARKET order. I have now fixed my 'quote'. The point I was making is NIO players have a bunch of choices, if they want to ride the EV wave....

I place market orders all the time.

I always do limit orders. You can really get shafted on market orders if you are unlucky.

What are people's opinion of the current downturn? Temporary? Signs of more downside? Wide consolidation? Back to nearly nothing or down on so many stocks from Jan.

Thanks!

I was replying to the Apple calls....options are not long term right? So I was cautioning him about being absolute regarding the bounce of Apple after earnings....didn't happen last time despite a huge quarter. Can it go up this time, yeah maybe, it's still risky as hell. Again we're talking trades and not long term portfolio positioning. Same with AMZN, I think they'll have a blow out too...meanwhile MRNA and MSFT are going up everyday.

why?

As do I.

They get executed. I don’t have to wander around changing the limit until it executes. You can also have the price go against you while you wait it can go either way.

I trade heavily traded stocks so a penny or two is not going to matter.

so do a limit order with a wide range

Yeah, if I do a limit that I know I want it to go through, I just add a cent or two to it. I did a market order early in my stock trading that went in at over a dollar more than I put in. Was not happy.

Damn, this market is killing me the last 2 weeks or so. Guessing we are gonna have the covid drop again. 2nd chance at buying in low?

It's not going that low...it will bounce next week. Although modestly. As long as the consumer is buying and the Fed is in QE mode this market will go up....it won't be even cross the board obviously. Big blue chips names will benefit, the rest not so much.

last two weeks have been brutal indeed.

Have been pleased with GRN’s resilience so far. Only a niche play but one which may grow in importance over time.

Red flashing lights and alarm sirens going off all over my house, 2 Nib’s just evaporated on my labtop

E11E1B6F-E84E-4E2F-ADF1-765C2B57578D (resized).jpeg

Investing is certainly on expert mode.

OIH?

In the '80's, it was place a phone call to your broker and place your order. Market orders got filled and you learned the price you just paid. Limit orders were entered and you got a call later (if you wanted) with the news or you got the bill with a surprise total. Don't forget the 45 cents for "postage & registration"....

Anyone here still in on PSTH? Saw a few posts a while back.

I have a small position and it's down a lot. The offer is also less than I paid...no win situation. Thankfully a very small position.

One of the multitude of problems with psth is confusion about how the various brokerages will handle the umg aspect.

TD Ameritrade for example has told people

1) they don’t know. TBD.
2) they will insta liquidate the shares and give you the cash.
3) you will be fine.

Kinda kills the whole dang point if they liquidate 2/3rds of the deal.

Don’t lose sight of your gameplan through the chop we are going through. I was down $850k this week, despite Apple, but up more than that the previous 3 weeks. I’ve said before, DON’T do it like I do

Diversify with at least 25 stocks/etfs, buy on sale, have conviction in what you are doing, sell losses in taxable accounts, etc. etc.

Did the buzzer just go off in the 4th quarter and it’s game over? Lol. It’s a LONG TERM slog……

"the stock market is a device for transferring money from the impatient to the patient". Warren Buffet.

A lot of the big oil service providers report next week. I'll be interested to see what T. Lee has to say after being out for a week.

GL!

I think part of the delay of getting the UMG shares is to allow for the board vote to set up an ADR. Alot of their investors are in Robinhood and similar platforms. So holding the shares temporarily will keep brokers from liquidating.
Any PSTH held on margin could be an issue when all that value disappears for a few months though

Overall sentiment seems to be that the inflation scare is exaggerated and that the market should still trend upwards the rest of 2021...

then the caveat of "just have to choose carefully"...well la dee fucking da. Genius.

FAAMNG shouldn't be impacted by inflation supposedly. Lawsuits might.

I think OIH will be fine, my expectation is that I end up rebuying at a higher price than the stop loss, an opec deal may happen tomorrow. Having said that, part of the issue with oil is that it's in the energy sector, and everything energy is selling off.

Guys, just wondering your thoughts on the financial sector. I was listening to a podcast this week and they were very pro the long term outlook of the big bank financial sector. Just curious on an ETF like VFH or an individual like GS.

VFH and XLF are both great funds, they yield is almost 2% so think of it as defensive play not a growth play. You can park your money there to make a few percent while the market gyrates...Goldman is a pretty great stock, but if you're thinking of getting into GS or MS now it may be the wrong time...those individual stocks have gone up quite a lot since last year. With that said there is good chance GS, MS and JPM will go up if the interest rates gets hiked, if you want to be exposed to the financials in stock form rather than an ETF those 3 are great investments.

Looks like the UMG deal fell apart.
Hits just keep coming.

Indices are down BIG! Is this the beginning of another shutdown?

Ice, U still holding those Oct calls?

Seems like a positive to me. Nobody wanted UMG.

Buying opportunity
I have confidence in the vaccines and the ability to modify them quickly if required for new strains

https://www.news-medical.net/news/20210718/Pfizer-BioNTech-and-Moderna-COVID-19-vaccines-establish-recall-responses-to-reinfection.aspx

Agreed UMG deal was bleh but it doesn’t inspire confidence that they put so much time and effort into something so wrong.

Really hope for the longs he pulls a rabbit out of his hat and makes me eat crow.

(Mixing metaphors is fun).

Agree with Bill. The science is battle tested and works. You have a confluence of events of politics, messaging, seasonality, and geo political crap going on so people are just getting antsy. Just breathe and ride it out, and buy where it makes sense. I am on vacation at home this week so will be largely ignoring the market gyrations this week. Might not be a bad week to do that.

Thank you both!

Glad I got stopped mostly out of the market on Friday. Covid fears aren't going to magically end soon, even if lockdowns seem unlikely. I am also not so sure that's the only explanation for what's going on right now.

Will just watch closely the market to see where the bottom is. But I do have my price targets for certain stocks if they actually go down that low.

Bought an initial position in AMAT this morning

It worth repeating the quote ICE posted above

Volatility Index up 24% today.

Edit: Now 34%... rising by the minute.