Economy Stock market chat v3: Tesla crashes

[brackis1]

lol Cramer is literally smearing fake meat across his desk and body on Mad Money wtf.

 

[Madmick]

AMD stock is again surging on the heels of the Ryzen 3000 announcement at Computex, and peaked at an all-time high for the stock today at 34.23.

 

[JonesBones]

<Lmaoo>

This is exactly like Tilray, everybody knows its a bubble but nobody can do anything about it. We are impotent. It is shielded.

Beyond Meat Inc. is now the most expensive stock to borrow among active short targets, as lending fees continue to skyrocket.

Shares of Beyond Meat BYND, +21.24% , which makes plant-based meat alternatives, have jumped 69% in the past two trading sessions, but short sellers are still hungry for the opportunity to bet against the red-hot stock. Stock-borrow fees on existing shorts reached 134% in Monday’s session, according to financial technology and analytics firm S3 Partners, and could top 150% by the end of the week.

Previously: Shorting Beyond Meat stock is beyond expensive

Short interest stands at $814 million, or 5.87 million shares shorted, representing more than 50% of Beyond Meat’s float. Beyond Meat is the sixth-largest short bet in the domestic packaged foods and meat sector, but bears are down $574 million in mark-to-market losses as the shares keep climbing. The stock is up 570% from its May 2 initial-public-offering price of $25.


“Beyond Meat has hit the short-squeeze trifecta, with several hundred thousand shares of recalls hitting the street; stock borrow rates solidly in the triple digits and its stock price rallying 69% in just two days,” wrote Ihor Dusaniwsky, managing director at S3, in a report late Monday.

https://www.marketwatch.com/story/b...ifecta-as-borrow-fees-keep-soaring-2019-06-10

 

[brackis1]

AMD stock is again surging on the heels of the Ryzen 3000 announcement at Computex, and peaked at an all-time high for the stock today at 34.23.

Yeah I got a few % on that buy totally thought they were gonna be presenting later at e3 and missed a lot of the gain.
It's amazing how they used to be thought of as the imitation brand processor and now people are as into them as other top dogs.
Do you think this will hurt NVDA or they'll grow together. I'm hedged with an NVDA short atm but i'm worried their prices are too disjointed but i'd like to protect myself by picking a corresponding "loser" so that if tariffs hit I'm not fucked.

 

[brackis1]

<Lmaoo>

This is exactly like Tilray, everybody knows its a bubble but nobody can do anything about it. We are impotent. It is shielded.

Beyond Meat Inc. is now the most expensive stock to borrow among active short targets, as lending fees continue to skyrocket.

Shares of Beyond Meat BYND, +21.24% , which makes plant-based meat alternatives, have jumped 69% in the past two trading sessions, but short sellers are still hungry for the opportunity to bet against the red-hot stock. Stock-borrow fees on existing shorts reached 134% in Monday’s session, according to financial technology and analytics firm S3 Partners, and could top 150% by the end of the week.

Previously: Shorting Beyond Meat stock is beyond expensive

Short interest stands at $814 million, or 5.87 million shares shorted, representing more than 50% of Beyond Meat’s float. Beyond Meat is the sixth-largest short bet in the domestic packaged foods and meat sector, but bears are down $574 million in mark-to-market losses as the shares keep climbing. The stock is up 570% from its May 2 initial-public-offering price of $25.


“Beyond Meat has hit the short-squeeze trifecta, with several hundred thousand shares of recalls hitting the street; stock borrow rates solidly in the triple digits and its stock price rallying 69% in just two days,” wrote Ihor Dusaniwsky, managing director at S3, in a report late Monday.

https://www.marketwatch.com/story/b...ifecta-as-borrow-fees-keep-soaring-2019-06-10

Welp that was fun.
Down over 10% premarket lol. Hope youre out because im loving this.

 

[Madmick]

Yeah I got a few % on that buy totally thought they were gonna be presenting later at e3 and missed a lot of the gain.
It's amazing how they used to be thought of as the imitation brand processor and now people are as into them as other top dogs.
Do you think this will hurt NVDA or they'll grow together. I'm hedged with an NVDA short atm but i'm worried their prices are too disjointed but i'd like to protect myself by picking a corresponding "loser" so that if tariffs hit I'm not fucked.

On the GPU side, no, the E3 unveil for their latest cards was awful. They're falling further and further behind NVIDIA.

But that isn't why NVIDIA's stock has been hurting. There is no question they dominate the current gaming GPU market. Investors are concerned about the data center business, and the future of that market with the rise of parallel processing in services for anything from to A.I. to self-driving cars to gaming/entertainment services (ex. NVIDIA GeForce Now, Microsoft Project xCloud, Google Stadia, Shadow Gaming). The reason they are concerned is because whoever wins that coming gold rush may opt to purchase from AMD, or even lesser GPU makers, who offer a better bang-for-your-buck in terms of parallel processing. It's no different than how AMD has been drinking Intel's milkshake in the server business. Suddenly that high-margin retail sale of discrete consumer GPUs won't be relevant. Cheap ARM devices sold to the user will become the user's interface.

These include the phones that are already in their pockets, and tablets. The data center contracts will be more significant. Mostly, there's a concern that the semiconductor manufacturers will become a lower paid farmer in the chain: producing the raw resource of processing power, but wielding little control over the supply chain's interface with the consumer, and thus marginalized when it comes to profits. Microsoft at E3 struck back at the Google Stadia announcement by finally unveiling a working demo for Project xCloud. They had games like Halo running flawlessly on phones with the game powered by a data center that was over 400 miles away:

 

[brackis1]

Damn I wish I hadnt panic covered half my LOVE short AH. Down 22% now and was trying to get more shares

 

[JonesBones]

Ok, now where is that jackass who believes in efficient markets? One part of efficient market theory is that one person or entity cannot move the market itself. That was proven wrong again today with big banks intervening and dropping the price.

 

[rob mafia]

robinhood's lag today is the worst i've seen.

 

[JonesBones]

Estimated returns
SBUX at $81.92 on 11th Jun 2019
Entry cost: $295 (net debit) see details

Maximum risk: $295 at a price of $82.50 at expiry

Maximum return: $955 at a price of $70 at expiry

Breakevens at expiry: $79.50

or this

Estimated returns

SBUX at $81.92 on 11th Jun 2019
Entry cost: $235 (net debit) see details

Maximum risk: $235 at a price of $82.50 at expiry

Maximum return: $515 at a price of $75 at expiry

Breakevens at expiry: $80.10


All sbux has to do is go below 80 by mid august which is atter their earnings

 

[fordman7795]

BYND down 21%?

 

[brackis1]

Grrrr got caught on the wrong side of a stitchfix squeeze. Rotated some out to try to enjoy a ride down on now-squeezed Chicos CHS.
They missed on earnings but spiked 15% after the open on a massive squeeze. Hopefully a smooth ride lower now

 

[JonesBones]

AMD stock is again surging on the heels of the Ryzen 3000 announcement at Computex, and peaked at an all-time high for the stock today at 34.23.

I was surprised it wasn't up more. I broke this new in here before you btw. Thought of mentioning you, you are a good example of invest in what you know. I don't even know what half this stuff means or if it is true but it is funny.



I also enjoyed this, nobody else in the thread seem to.

 

[JonesBones]

BIll Gates has deceiving athleticism, you can see it in him playing ping pong there. He also has a good vertical leap.

 

[Revolver]

Bought Salesforce, they are down today because they bought another company. It is normal for a stock to temporarily drop when making an acquisition, unless you are somebody like Oxy and keep being stupid and it keeps dropping.

thinking about picking up some as well. $150 per share looks good.

 

[Madmick]

I was surprised it wasn't up more. I broke this new in here before you btw. Thought of mentioning you, you are a good example of invest in what you know. I don't even know what half this stuff means or if it is true but it is funny.



I also enjoyed this, nobody else in the thread seem to.

The stock surge caught me off guard; at least in the short term-- obviously not the long term if you look at past postings dating back to January 2017.

The earliest reliable leaks for this that turned out to be surprisingly close to perfectly accurate (except for the CPU pricing) date back to December 4th last year:
https://forums.sherdog.com/posts/147180727/
These came from the news outlet that has gained a reputation as the most reliable insider in the business. Any guys playing the investment game in here in tech should probably bookmark it:
https://wccftech.com/

I thought of coming to post about the latest iteration of Ryzen 3000 announced at Computex 2019, but I already spent considerable time covering the tech for the VG guys here & here, though frankly, I didn't expect the needle to budge this quickly. The reason is it didn't for either of the last two generations of Ryzen when they were announced. It wasn't until earnings report for the upcoming quarter, or even the one following it, that the market seemed to care. I guess Wall Street learned from their past mistakes, and are paying closer attention to the fact future earnings can be predicted from simple pipelines. I don't know. I can't explain the difference in the timeliness of the stock market response.

 

[JonesBones]

I'm buying Live Person here. @brackis1 introduced this stock to me. I think it is good long term.

 

[JonesBones]

CNBC has so many hot women. Who is your favorite? I think she may be mine, I just started following her on Instagram. Seema Mody

 

[brackis1]

CNBC has so many hot women. Who is your favorite? I think she may be mine, I just started following her on Instagram. Seema Mody

Yeah she is a mega babe.
CNBC is pretty lowbrow to be honest. These gregarious macho dudes and vixen sexy women plus all sorts of cliche mainstream normie cultural attitudes.

 

[JonesBones]

CVS merger getting blocked. I think this may be a good thing, the company they are acquiring are those insurance middlemen who everyone from the Democrats to Trump want to eliminate.

Shares of CVS Health slid Tuesday after the New York Post reported that people close to the company believe a federal judge is preparing to rule against its already-completed $69 billion acquisition of the health insurance firm Aetna.

Last week, at a courthouse in Washington, D.C., Judge Richard Leon convened unusual hearings to review a decision by the Justice Department that approved the deal, which closed last November. Closing arguments are scheduled for this summer.