Hey Elon, spin SpaceX off, will ya? I promise to buy it and hold forever... lol. ULA (United Launch Alliance) is a combined effort from Boeing and Lockheed Martin, btw : SpaceX and ULA win billions in Pentagon rocket contracts, beating out Blue Origin, Northrop Grumman https://www.cnbc.com/2020/08/07/spacex-and-ula-win-2022-pentagon-rocket-launch-contracts.html
Sorry for the triple-post, but it was just announced that Robinhood will no longer allow access to how many people hold what stock and have a restricted access to their APIs. Apparently it's giving them and their customer base a bad name. lol. I can't say I blame them. This may affect sites like RobinTrack.
All those companies are allowed to operate in China. They choose not to operate in China because they don't want to comply with local censorship laws for various reasons. For example, Netflix chooses not to censor in China so they opt out of that market but on the other hand, Netflix is okay with censoring content in Saudi Arabia and India so they can operate there. I'm not saying one thing is right or wrong, but that it's really up to each company to decide what is best for their business imo. What Trump is applying to TikTok and Tencent is not reciprocity in that they are just blanket bans. It's easier to apply to TikTok as the are a young company and have a single global product that can be forced away but Tencent has richly rewarded many companies around the world through partnerships and investments so that's a much tougher fight to pick. One theory I've heard is that crucifying Tiktok is not just about China, but a flex to big tech that everyone needs to bend the knee to Trump if he wills it. If Activision-Blizzard and Glu Mobile (Tencent investments) drop enough, I'll pick up some of that too. I still think there will be more blood letting in Tencent next week as funds who don't want Trump risk cash out. My macro thesis still remains that Oct/November (the start of the flu season), Covid19 is going to come raging back around the world and you'll have lockdown 2.0 like we had in March, which means more video games.
Yeah, you're right -- I butchered that about the censorship part. With TikTok, I really just thought it was more about him saying he didn't back down to China and is protecting American shores, etc. in time for the elections. He has to have something to hang his hat on since the whole COVID-19 pandemic blew the economy out of the water, and there really isn't anything else to go for other than "big bad China" at the moment. In any case, I guess I can see the flex angle. This whole thing is bizarre. Yup. I was just texting someone about this very thing the other day. I had originally thought the outbreak would mirror flu season, so I didn't think it would spike/proliferate during the summer months like it has. I'm hoping it doesn't end up like the flu season where all hell breaks loose in the winter. This country would be screwed.
a 5-day long synthetic short on AMD Aug 14 2020 expiration, bto 80 strike CALL sto 85 strike CALL, someone was willing to pay me a premium of $2.55 in advance, defining my max risk of 2.45
US Supreme Court just tossed out an anti-competitive lawsuit against QCOM bought some 9-14-2020 110 strike calls
Got stopped out of BFRA at $15 today (my heart is still racing haha). Went down to $12.50 earlier in the day, but sudden surge, right now at $18.50 and trading halt. I think it'll head back to $6 eventually, but current float and volume is too low. The german listing hasn't spiked like the US listing and is still below 4 euro. US listing is just riding on robinhood/ST speculation. Unless it goes back to something crazy like $60 again I'm staying out for now. edit: $33 now and halted again. phew!
@saitou, what is your fundy take on this chipmaker, who hasn't participated in the run this year? TA wise, it's poised (after 3 mo of consolidation) for a move. thinking of making a play for the 5 Sep ERS
Haven't looked deeply into them; what I've read is that their growth isn't as organic as the other fabless players like nvda and amd - past growth has relied in part on taking debt to fund a very aggressive acquisition and divestment strategy. Not the type of coy that I'm interested in. Among the fabless coys, besides AMD I think MRVL is interesting long term, and have been gradually adding on down days. They are still transitioning from storage controllers (a declining biz) to 5G processors (a growing biz). Basically all of the 5g infra players (samsung, nokia, ericsson, zte) rely on Marvell's processors atm . Huawei also relied on MRVL, but with the trump ban i'm not sure who they will be turning to. Their new custom ASIC biz is also has a lot of potential due to their IP library for storage, security, networking and CPU. https://www.marvell.com/company/new...-most-comprehensive-custom-asic-offering.html
I've been in MRVL for a few months, but I went in scared. The reason? Back before I bought it, I read that 50% of their income came from China, and one of their biggest customers was Huawei. I don't know what the ramifications could be, but for now I'm holding onto my shares and may buy some more. The only reason I decided to go ahead and buy it anyway was because there are lots of companies with heavy exposure to China - especially in the semis sector. They're also in multiple hot (or recently-hot) industries like autonomous driving, 5G, data centers, etc. My other worry, short-term, anyway, is how long this shift from tech to "value" is going to last. There's profit-taking from the looks of it in a lot of huge tech/gold/silver high-flyers recently and a move into less-glamorous stocks. I've been looking more at the industrials sector recently. BTW, this end-of-the-day collapse is kind of scary.
my 2 cents, just like the previous "rotation" in 2020, very long long. u mean the gravity-like drop of the DOW, home of all those supposed "value" stocks
in the near term, you probably could add a lot more sure looks like a bearish head-and-shoulder formation
Anyone buying TSLA before split, or think it will drop first? Obviously up AH but still time left before the split.
Article talking about Huawei's dilemma and some names in the semi industry and how they're tied together : ‘Bleak but salvageable’: Huawei has limited options as U.S. sanctions cut off supply to smartphone chips https://www.cnbc.com/2020/08/12/hua...tions-cut-its-supply-of-smartphone-chips.html
