it can either be the next facebook or the next twitter, it depends on their team and if they can properly monetize and grow their business model. but in the short term, i can see the stock running just on hype, but i would be careful cause when the hype is up, you could wake up one morning to a huge gap down.
Even a put order wouldnât prevent a lot of loss if that happened. I need to tread carefully here. They really DO only have hype backing themâŚ
SNAP is bullshit. Wouldnât touch it with a 10-foot pole.
In other news, itâs looking very much like Marine Le Pen will win the French election. The socialists/left are in disgrace, Francois Fillon (the closest thing France has to a Republican party) is currently steeped in a scandal (giving fake jobs to his wife and son which were paid for with state funds), and Le Pen and a guy named Emmanuel Macron (who started his own party recently) are polling 1 and 2.
For those who donât know, French elections have 2 rounds, 1 where everyone is present, and then the second round in which the top 2 from the first round have another election. That winner becomes president.
Iâm not really sure what executive power the French president has, but if she can get France out of the EU, then the partyâs all over.
Right on cue:
SNAP has dropped 16% in one day.
Just waiting for the crash. One play Iâm eye balling is Nickel. With producers making deficits and PDAC happening it looks like it might make a pop again.
Last majour highs was back in 08-09 when prices were 20-ish/ lb, though the cause of the highs was China with steel production.
Puts a kink in things but Iâm still bullish on Nickel with the Trump WALL. Gonna see if I can hop in on the lows of a producer during/after the crash for a long term play.
ATM Nickel is 5-ish/ lb.
So from now on when I see a commodity shooting up while the associated miner/producer stays flat, Iâm just going to assume itâs algo/trader trickery. Platinum went up to $1050 or something and then got beaten down to $949 over the last week and a half.
Just some traders trying to catch people in the trap, I think.
hey yo. anybody invested in any of the Automation companies? I keep hearing about,âStore X is switching to kiosksâ and âThis place over here is getting so many robots to do these jobsâ and of course Iâm adding two and two together and coming up with possible money maker.
NOTE: I havenât gotten to read these yet, but I ran into them while on this subject and I trust these sites, soooooooooooooooâŚ
This is what caused this post:
Looking forward to hearing what all of you have to say.
-Starhammer-
Iâm waiting on another 2008 coming soonâŚ
Has anyone bought any VIX or other volitility indexes and such lately
nah. Just sticking to my plan of dividends. even if things bottom out, I can stop and let the dividends keep paying, or sell it all out if need be. Iâm like you. I feel like a crash is near. Iâm still trying to see what, or where, or how it will start. If no clues have fallen by the end of Summer, Iâll just continue on as normal. Good luck everyone.
-Starhammer-
The interest rate(s) hikes are making it more expensive to have credit cards, mortgages, any other types of loans, so⌠here we goâŚ
My thought process on Automation is that its only happening cause minimum wage is to high and another factor to consider is that good service is still valued even with all the comforts of technology. Might even get people nostalgic if the technology starts to develop rapidly.
Its not a subject I enjoy or would even entertain on my part butâŚIâd stay with the big businesses of automation like the ones Seeking Alpha suggested.
Reasoning is that while the consumer versions seem all nice and fancy, I think it will be a niche market especially with the Wikileaks Docs of the CIA people will be weary of internet based products. Imo.
Not to mention if any big chains finally makes a massive move towards automation whoever got the contract should have a massive spike in a day. Depending on the volatility, it should be good safe stock to day trade as well.
All in all, if you want to make a jump and hold a couple for the long term you can. Iâd at least wait for after the crash to entertain the idea.
Automation keeps getting cheaper; the timing may change a little but it will happen regardless of minimum wage.
this is why I held off on the house hunt. I was hoping it wouldnât happen, but if anything can go wrongâŚ
hmmmm. Sounds like good advice. :tup: Thereâs no rush on my part. I most likely will wait a while longer. This crash shouldâve happened already IMO, but Iâm not fool enough to think that the water is safe because it hasnât happened yet.
-Starhammer-
Started at over $10,000 in beginning of 2016. No under $6,000. Have a plan to pay off by June or JulyâŚ
@Starhammer that thing talked about finally came throughâŚ
Hey I had my Tax returnâs filled electronically about a month ago. And Iâve been checkin every week on the IRS website. And it is still in processing. How long does the IRS have to give me my tax return? Should I be concerned that it is taking this long? I never had to wait this long before
^ Mine only took about a week, but I filed the first week I was able because I have had my identity stolen before. I have had it take a month or longer before.
I read an article that the slow IRS work is affecting auto market sales.
Used car prices are in an odd place. I donât quite understand why they are so high. When it came time for my wife to get a new vehicle it was only 5K more to buy a new sedan vs a 4 year old car of the same make and model. IMO thatâs not reasonable. I would pay 5K for new more and get an additional 5 years of use out of a vehicle.
What do you guys think of gold and silver as a long term savings investment?
Yeah fresh car scent is worth 2k alone. Trying to get a reasonable price used truck, looks like i may have to buy new or something really old.