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06-01-2018, 05:49 PM | #1936 |
Roy E.
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06-01-2018, 06:07 PM | #1937 |
Fish are scared of me
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06-02-2018, 12:40 PM | #1938 |
Fish are scared of me
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Just FYI . I just learned Yahoo Finance has a price target of $ 147 on IQ
Right now its 28.70 https://finance.yahoo.com/quote/IQ/analysis?p=IQ |
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06-04-2018, 05:31 PM | #1939 | |||
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It's a volatile stock. And because of this I decided to sell a Put @$30 that expires on June 15th and it's gonna pay me $230. That's extremely high for a short duration option. I don't mind owning it either (if is remains below $30 in the next 10 days) as selling covered calls on it are a high payout as well if I am placed with shares. Lots of option volume on this stock. Thanks for the heads up CP.
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06-04-2018, 05:39 PM | #1940 | |
TACO SALAD
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Huya's gone crazy expensive at 16-17x sales. That's a lot for a US company w/ no earnings let alone a VIE from China with the associated risk of not really being an owner. I've owned the parent that spun it off, YY, for a long time so I've just been sitting back. They report earnings tomorrow. Today was probably good for you big pop for China & tech in general. Later this year Tencent Music and Ant are supposed to IPO. They'll have huge valuations. I think Ant Financials last private funding round was like 150 billion. That's Coca Cola level of company.. I can't remember an IPO anything like that. If the hysteria with China IPO's continues perhaps we should be ready to cash in |
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06-04-2018, 06:28 PM | #1941 | |
Fish are scared of me
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06-05-2018, 11:55 PM | #1942 |
Veteran
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Perhaps discussed before, but I'm too lazy to look back. The scenario is not for you do it your selfers, rather those who work with a financial advisor:
It appears the trend for FAs is into the world of managed accounts vs choosing a mutual fund portfolio for a commission. For example, you can hire an FA to create a portfolio of A shares at a 5% upfront charge with some relatively low expense ratio ongoing vs going into a managed portfolio where you have an almost hedge fund like approach that constantly manages risk daily and positions the entire portfolio for the current environment and charges a somewhat higher annual % based on assets invested with no load. This seems like a good idea based on the current economic climate, where simple indexed funds may not be able to seek out returns in a higher volatility environment. I'm omitting a lot of details out of laziness, but those who are familiar will know what I'm talking about. Pros and cons of this approach? |
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06-07-2018, 04:31 AM | #1943 |
Fish are scared of me
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I believe the vote in Canada for legalization is occurring today. Pot stocks have been moving this week.
You watchin Lewdog ? |
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06-07-2018, 05:54 AM | #1944 |
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Of course! I am up 200% on my MJ stocks. Could be a big drop or another swing up.
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06-08-2018, 05:06 PM | #1945 | |
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That said, I don't see why you'd choose the 5% upfront charge on assets model. It limits what the advisor could choose because not everything has an A share with a front end load. Also, your strategy seems to be a short term thing based on high volatility. If assets are being chosen based on high volatility, it makes sense you'd want to sell those and adjust to a different porfolio once volatility subsides. The 5% up front load only seems to make sense cost wise if you plan to hold over the long term. In that same vein, if you're unhappy with your advisor or the 5% load funds they invested in, it's harder or more costly to switch to a new advisor and plan. We're not in a higher volatility market currently though. The market is bouncing around on tariffs and things like Quitaly a week ago but volatility is back way down. The WSJ had an article the other day about how the 'low vol' trade is back at January levels. The VIX is back down at 12 from the 30's levels when those idiots got squeezed and popped the vix up crazy high because they were in triple levered short positions against the VIX futures. Maybe it'll change soon |
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06-08-2018, 05:23 PM | #1946 |
Fish are scared of me
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06-08-2018, 05:39 PM | #1947 |
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06-08-2018, 05:44 PM | #1948 |
Fish are scared of me
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06-08-2018, 05:49 PM | #1949 | |
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I got in at $7. I think we see it continuing to move up in the future. There's is a possibility that other major players come into focus with legalization though. It's kind of a crapshoot but a gamble worth taking, IMO. Canopy Growth seems to value taking over smaller companies to set a monopoly type system. I like it. But set your stop losses if you've got large capital sitting there with nice gains!
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06-08-2018, 06:08 PM | #1950 |
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Any thoughts on Altaba (Yahoo) selling off a huge chunk of Alibaba? I think they're selling 25% of Alibaba's total shares. They're going to sell off 100 million alibaba shares and buyback 195 million of their own to decrease the gap between values. Seems like it could hurt BABA stock for a bit, dunno. Not sure I'll do anything for now.
I sold off my MTUM shares the other day and I've been thinking about grabbing the new Vanguard quant momentum fund that covers from small to large caps. I've been watching their multifactor strategic beta quant modeled funds since the launch. It seems really interesting. Most modern financial studies show that strategic beta beats the market but the issue has been at what cost. VFMF is their multifactor ETF inclusive of liquidity screen w/ Quality, value, and momentum weightings. .18% but it seems like it could easily be worth it |
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