now down 18% AH. I stopped using PP last year after they started fucking over rec gamblers and reporting every transaction as a business/service one. fuck you paypal.
read a lot of these articles late last year about Buffett hoarding cash, anyone know if he bought the dip? rich guys/institutions buying up every dip could explain why the market bounces back everytime we are headed toward correction territory
I do feel like there’s a little mini pump and dump pyramid scheme going on every time the market goes up and down these days.
There seems to be 10-15% of the market that’s froth, and then a hard floor of all the index fund buy and holders. Once a little drop starts it feels like everyone in the 15% piles on, selling until it hits the hard floor, then they all buy back in as fast as they can.
Probably a bunch of algorithms all chasing each other.
As far as I know he’s still sitting on it, waiting to pounce. Considering that he sat on it through the drop in 2020, he’s not likely to move without a significant crash.
All of the value I’m finding is in companies with market caps below $7B, and I’m not sure they’re big enough for him to be able to invest without moving the stock significantly. He’s a bit handcuffed by his own success at this point, it’s a lot harder to find good value in companies every hedge fund is watching. If he were trying to get $10B instead of $150B into good value, it would probably be a lot easier.
Anyone else watching electric vehicle charging stocks? I like EVgo in particular–beat up with all stocks and the loss of BBB (EV purchase incentives). But the company focuses on fleet conversions along with its dcfc public network, and there seems little doubt about the long-term outlook for emissions-free transportation.
IDK if its good or not, but how are you valuing the stock? Its trading at like 35x revenue so seems like its already building in some pretty hefty growth assumptions.
https://www.yahoo.com/news/little-paycheck-protection-programs-800-185026002.html
shockedpikachu.jpg
Well they deserve it anyway because they’re the Job Creators.
wait are you saying giving handouts to mostly very well off/wealthy people doesn’t trickle down to improve the lives of the working class? my whole world view is shattered now.
Lol Facebook
-15%
Fuck off Zuck
Spotify -22%.
What is that in Metaverse bucks?
There is no money in the Metaverse, just non stop sexual harassment of women. It’s utopia!
I think I just heard they lost $3 billion on meta nonsense THIS QUARTER.
No one in his inner circle has the guts to tell Zuck that the Metaverse is a stupid idea. It’s glorious.
FB is drilling so hard I might be tempted soon. Now approaching a P/E of 18. If it gets down to 15 I may have to look at some numbers.
I assume it’ll be positive by end of day. Stocks are a joke after all.
does anyone actually use fb anymore tho?
The youngs still use instagram pathologically and in a rare good piece of business, fb/meta bought it.