Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[ChiliConCarnage]

Midnight. Alibabas online ticker finishes at 168 billion RMB for the day. 25 bill USD. About 50% more than last year

Jingdong may have had a huge day though. They had a screenshot on Twitter showing them at 111 billion RMB at 2:40 pm local time. If they're neck and neck with BABA in GMV they just gobbled up a lot of marketshare

[lewdog]

Originally Posted by scho63

Bought 500 GE at $19.94

General Electric in such financial stress that it may soon do the unthinkable: cut its beloved dividend.

John Flannery, GE's new chief executive, is under enormous pressure to restore confidence in a company facing a serious cash crunch and a nosediving stock price. One-third of GE's market value has vanished this year, making it the biggest Dow loser by a long shot.
GE (GE) is holding an investor update on Monday to detail a strategy to stabilize the company by slashing costs and selling off more businesses. Wall Street analysts are bracing for Flannery to announce layoffs and just the second cut to GE's coveted dividend since the Great Depression.
GE confirmed in a statement on Friday that "employee reductions," some of which have already begun, are part of a previously-announced plan to cut costs by $3 billion.
After GE reported awful results last month, Flannery said the dividend remains a "priority," but he didn't rule out a reduction.
The problem is GE isn't generating enough cash to cover dividend payouts promised to shareholders. It's a stunning development given GE's iconic status and a sprawling business that makes everything from jet engines and light bulbs to MRI machines.
GE is one of America's most widely-held stocks, making a decision to cut the dividend even tougher. Countless shareholders, including retirees, have come to rely on the quarterly dividend payments.
"Retail investors have stuck with GE through many, many years of underperformance simply because they've counted on that dividend," said John Inch, a Deutsche Bank analyst with a "sell" rating on GE.
"If you cut that dividend, all of a sudden that confidence is shaken," Inch said.
GE says it's been paying its dividend for more than a century, "proving its strength and reliability." The first dividend cut occurred in 1938 in the midst of the Great Depression.

http://money.cnn.com/2017/11/12/inve...ill/index.html

[Buehler445]

Man. What is the world coming to? GE isn’t worth owning.

Goddamn it I’m getting Old.

[Rain Man]

Originally Posted by scho63

Bought 500 GE at $19.94

Way ahead of you. I bought it years ago at 26.92.

[scho63]

Originally Posted by lewdog

http://money.cnn.com/2017/11/12/inve...ill/index.html

I expect it to be cut and want it to be cut.

[scho63]

I'm buying another 250 GE here at $19.54

[scho63]

Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74

[Demonpenz]

I can attain Edward Jones is stupid high and it is the worst preformer. I am going to hold though because they are draftin out of my account and I got 3 quarters of withdrawals in there which is good saving for me. So they have to eat.and at-least for now I am executing saving some money. But yeah if I was a boss I would be doing a lot better. I still think people get wrapped up in penny pinching when people at those firms got to eat as well. I feel better day in and day out knowing that I am happier sharing the wealth than being a penny pinching guy. Obviously strategy but hey I haven't been so miserable that I kill myself. Hi five!

[Buehler445]

Originally Posted by scho63

Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74

Jesus. So you own just under $20,000 of GE stock by itself?

I feel poor.

[lewdog]

Originally Posted by scho63

Put order in to buy 250 more GE and it filled at $19.01.

That's it

1,000 shares at cost basis of $19.74

What's your thinking on this?

Long term hold?

Short term gain, sell, profit?

[Amnorix]

Originally Posted by lewdog

What's your thinking on this?

Long term hold?

Short term gain, sell, profit?

I've had a very small amount of GE since 2008. Bought at $20.37. It's been a pretty meh investment. In retrospect, I should've sold when it went above $30 in 2016 and/or in 2017.

Dividends haven't been bad over the years, but now it sounds like they might cut them.

Suppose if you think it will quickly get back to $30+...

EDIT: I see GE cut its dividend in half. Blech...

[scho63]

Originally Posted by Buehler445

Jesus. So you own just under $20,000 of GE stock by itself?

I feel poor.

Originally Posted by lewdog

What's your thinking on this?

Long term hold?

Short term gain, sell, profit?

Two year hold.....minimum. I see little downside here as there is no reason to believe they had any accounting fraud, just horrible spending problems.

Jim Cramer said it best, they ran the place like a country club for the last 10 years.

I would have bought X when Hog Farmer did at $20 but I had no free cash at the time. I knew that was a good buy.

[scho63]

New investment book: "How to Quickly Lose $2,000 in 24 hours in GE Stock" by scho63



Lucky I bought some puts as a hedge so I'm only down about $800

[eDave]

Originally Posted by scho63

New investment book: "How to Quickly Lose $2,000 in 24 hours in GE Stock" by scho63



Lucky I bought some puts as a hedge so I'm only down about $800

IF the new CEO is successful in his streamlining initiative, you will reap the rewards.

[Rain Man]

Originally Posted by Buehler445

Jesus. So you own just under $20,000 of GE stock by itself?

I feel poor.

Just under $18,000.

I can laugh at him because I have GE as well.

I may buy some more. It's not like GE is going to go out of business.