Economy Stock market chat v3: Tesla crashes

[brackis1]

amd had a terrible e3. their good news was mostly computex and hype up to e3.

Did they? I thought the Xbox announcement was their saving grace. I'm not that in tune with it.

 

[rob mafia]

Did they? I thought the Xbox announcement was their saving grace. I'm not that in tune with it.

e3 for amd was 90% about their 2 new GPUs (navi). their specs were ok, they have new tech that's largely gimmicky for most. but the pricing was meh. and they were just mid-range cards. if they knocked ~$50 off their MSRPs, response probably would have been much better (but still not great). honestly, they probably shouldn't have even had the presentation. it was poorly executed.

their CPUs/APUs are fucking insane, though (and showcased during computex). and pretty much everyone in tech is super stoked on them. tl;dr - nvidia's not going to lose much market share, but intel is in serious trouble.

the xbox announcement wasn't really news. it was already common knowledge that microsoft is using amd for their consoles/cloud (as is google and sony - amd has the console/cloud gaming on lockdown).

 

[brackis1]

Jesus how is BYND up again so much this is so retarded lol.

 

[rob mafia]

placed some limit buys on chewy... but i suspect by the time it's on the market, it'll already be gouged to hell. like most IPOs, these days.

 

[brackis1]

placed some limit buys on chewy... but i suspect by the time it's on the market, it'll already be gouged to hell. like most IPOs, these days.

Yeah its so insanely valued. I see bidask of 35-38 now rofl on 22 IPO

Reentering FVRR under 37 wish me luck lol

 

[JonesBones]

Chewy is off and running!

 

[brackis1]

Flipped CHWY for a tiny gain lol

 

[brackis1]

All these bros on the trading floor celebrating their IPOs look like such goobers lol. like, trying to wave to the camera while talking on their phones lmao.

 

[rob mafia]

i'm so over this constant IPO bullshit.

 

[brackis1]

i'm so over this constant IPO bullshit.

Yeah all these companies can eat shit and die as far as I'm concerned; so much hype. If I can scrape a few bucks cool, but seriously fuck offffffffffff

Dude they're interviewing on CNBC for Chewy is so punchable.

edit: should have re-entered at 36.4 knowing a bunch of buy limits were set for 36.XX sure enough bounced off. Oh well. Too retarded for me to play above that
It's funny how arbitrary numeracy affects us traders (eg "levels around round numbers")

edit2: LOL it tanked!

 

[JonesBones]

VMware down cuz it bought a company. I like it at these prices.

VMware Announces Intent to Acquire Avi Networks to Deliver Software-Defined ADC for the Multi-Cloud Era

 

[JonesBones]

Now down 27% on my sbux put spread.

 

[brackis1]

lol someone doing serious CHWY bagholding @ 42 by someone out there. Down 25% from there

 

[brackis1]

lol smallcaps are funny. All oil stocks getting racked besides CHAP
All semis getting rocked besides my loser SQNS up 6%

 

[rob mafia]

dumped 1000 TLRD for $5.59

i <3 dividend scrapers.

lol someone doing serious CHWY bagholding @ 42 by someone out there. Down 25% from there

this is the epitome for why i hate IPOs. i mean, the $22 valuation was already seemingly on a high range. but everyone goes full retard with IPOs, so...

i actually really like chewy and was down for buying some (and even holding for a while), but come the fuck on. from 22 to 40whatever to this (ie: still sky high over 22)? fuck that. it's funny that retards gotta make everything like beyond or lyft.

 

[JonesBones]

 

[JonesBones]

adding ollie here

 

[brackis1]

dumped 1000 TLRD for $5.59

i <3 dividend scrapers.




this is the epitome for why i hate IPOs. i mean, the $22 valuation was already seemingly on a high range. but everyone goes full retard with IPOs, so...

i actually really like chewy and was down for buying some (and even holding for a while), but come the fuck on. from 22 to 40whatever to this (ie: still sky high over 22)? fuck that. it's funny that retards gotta make everything like beyond or lyft.

right? so weird. It sucks I couldn't short it. So instead I resorted to fishing at even number limit orders and flipping the pops for 1% gains 5 times today everytime it would drop, hit a bunch of limit order buys, pop it 20 cents, then sell.
Not that others should be doing that, but with trader status there was enough action to get me interested.

Hoping Cramer pumps it up a little after hours along with Restoration Hardware so I can make some more sheep money.
edit: grr it was up a few % AH but back to even. Still up, but the other IPOs up higher AH. Couldn't get my FVRR order in before the clock hit 4:00EST

 

[JonesBones]

dumped 1000 TLRD for $5.59

i <3 dividend scrapers.




this is the epitome for why i hate IPOs. i mean, the $22 valuation was already seemingly on a high range. but everyone goes full retard with IPOs, so...

i actually really like chewy and was down for buying some (and even holding for a while), but come the fuck on. from 22 to 40whatever to this (ie: still sky high over 22)? fuck that. it's funny that retards gotta make everything like beyond or lyft.

I think one of the important things that IPOs show is that investment banks and others underwriting the company don't know how to value a company or introduce it properly. That is one of their main jobs and what they get paid for, to pick up companies and set them gently into the market. They constantly fuck up even on good companies so IPOs don't mean much to me long term. They are so often fumbled. Facebook was fumbled badly, that is an infamous case.

 

[JonesBones]

I'm feeling like Geronimo here. His given name means "one who yawns"