zynga basically is attached to facebook's hip and their business model involves ripping off other people's games to turn them into freemium click fest pieces of crap.
really wish I had the balls to short them..
― johnathan lee riche$ (mayor jingleberries), Friday, 17 August 2012 17:04 (eleven years ago) link
puts on zynga look pretty cheap, although I know next to nothing about options investing
― bert yansh (Hurting 2), Friday, 17 August 2012 17:08 (eleven years ago) link
linkedin is pretty legit
― iatee, Saturday, 18 August 2012 16:20 (eleven years ago) link
hard out there
― bnw, Monday, 3 February 2014 17:05 (ten years ago) link
Federal Reserve putting marginally less champagne on the table == desperate times on Wall Street.
― Aimless, Monday, 3 February 2014 17:56 (ten years ago) link
suck it up bnw
― Burt Stuntin (Hurting 2), Monday, 3 February 2014 17:58 (ten years ago) link
HI DERE
― five six and (man alive), Saturday, 22 August 2015 02:03 (eight years ago) link
Time to mortgage house, cars, even family members and put it all in AAPL. P/E ratio is 12.23 for the world's most successful company!
― Mr. Snrub, Sunday, 23 August 2015 11:48 (eight years ago) link
Done.
― Aimless, Sunday, 23 August 2015 17:13 (eight years ago) link
http://oi61.tinypic.com/2yor9mh.jpg
― flopson, Sunday, 23 August 2015 18:43 (eight years ago) link
Shit! Two of my family members escaped so now I have to pay the money back.
― Aimless, Sunday, 23 August 2015 18:53 (eight years ago) link
AAPL: people forget this stock crashed 40% at 2013
― nostormo, Sunday, 23 August 2015 22:48 (eight years ago) link
iPad market is shrinking, Watch may be a disappointment so far, and Chinese slowdown is dampening market share growth expectations in China, plus I have a feeling the iPhone 6 launch captured a bigger than normal amount of pent-up phone demand and now the 6s launch will be weak because everyone anywhere close to needing a new phone bought the 6/6+ already. Still doesn't seem like a crazy buy right now, but I'm jittery about the market in general and staying away.
― five six and (man alive), Monday, 24 August 2015 01:32 (eight years ago) link
George Chen @george_chen 22 minutes agoBREAKING: Shanghai benchmark index lost over 7% with over 600 stocks down 10%, losing all key support levels and no one dares to step in now
BREAKING: Shanghai benchmark index lost over 7% with over 600 stocks down 10%, losing all key support levels and no one dares to step in now
https://twitter.com/george_chen
― ... (Eazy), Monday, 24 August 2015 02:16 (eight years ago) link
Now down 8.5% as I posted that...
― ... (Eazy), Monday, 24 August 2015 02:17 (eight years ago) link
whoa fuck
― five six and (man alive), Monday, 24 August 2015 02:42 (eight years ago) link
The crazy thing is that it's still only down to about their level six months ago and still 44% above where they were a year ago. Probably gonna fall further is my guess.
― five six and (man alive), Monday, 24 August 2015 02:44 (eight years ago) link
here we go
― 𝔠𝔞𝔢𝔨 (caek), Monday, 24 August 2015 03:39 (eight years ago) link
Saudi Arabia, Dubai and Abu Dhabi were all down 7-8% yesterday and the Chinese exchanges were expected to get hammered today. Oil is now at its lowest level since the 2008 financial crisis, i believe. Australia's exchange had AU$60bn wiped off it.
I was expecting the MICEX index to drop at least 5% today but it has only gone down about 2% - the FTSE has been hit worse already.
I sold all my shares three weeks ago - they would have fallen 9% if i hadn't.
― I wear my Redditor loathing with pride (ShariVari), Monday, 24 August 2015 07:10 (eight years ago) link
http://i.imgur.com/sSetybU.png
Not quite sure how the Shanghai Composite went from 3100 in February to 5200 in June but it's worth noting that the losses today have only taken it back to its level five months ago.
― I wear my Redditor loathing with pride (ShariVari), Monday, 24 August 2015 07:43 (eight years ago) link
Glencore and Anglo-American mining companies both closing in on 60% declines over 12 months:
http://i.imgur.com/aZ8pRSc.png
May mean people stop stealing railway lines and telephone cables for scrap, though.
― I wear my Redditor loathing with pride (ShariVari), Monday, 24 August 2015 12:22 (eight years ago) link
IT IS HAPPENING AGAIN
― five six and (man alive), Monday, 24 August 2015 13:33 (eight years ago) link
now's the time to buyassuming you have any money left
― bnw, Monday, 24 August 2015 13:34 (eight years ago) link
http://cdn.history.com/sites/2/2013/11/stock-market-crash-of-1929-newspaper-AB.jpeg
― brownie, Monday, 24 August 2015 13:38 (eight years ago) link
Good luck bnw
― five six and (man alive), Monday, 24 August 2015 13:39 (eight years ago) link
Buying in a falling market is great because at least you can always say buying today was a better decision than buying yesterday.
― five six and (man alive), Monday, 24 August 2015 13:40 (eight years ago) link
my brother called me last week with a stock tip and it's up 15% today
― 𝔠𝔞𝔢𝔨 (caek), Monday, 24 August 2015 13:43 (eight years ago) link
Is it some kind of ultrashort etf?
― five six and (man alive), Monday, 24 August 2015 14:19 (eight years ago) link
Market taking bnw advice
― stet, Monday, 24 August 2015 14:27 (eight years ago) link
lol true. But I wouldn't be surprised to see another big dump before close.
― five six and (man alive), Monday, 24 August 2015 14:30 (eight years ago) link
https://pbs.twimg.com/media/CNLXnSkWgAAZQMK.png
― flopson, Monday, 24 August 2015 15:17 (eight years ago) link
Dan Davies@dsquareddigestwhat is happening today is called "a liquidation". Chinese policy has caused a large scale sale of securities portfolios for cash. So ...5:29 AM - 24 Aug 2015
Dan Davies @dsquareddigest 3h3 hours ago... you don't buy anything until you know that the liquidation is close to having been completed. In fact you might even sell to raise cashReply Retweet 2 Favorite 2More
Dan Davies @dsquareddigest 3h3 hours agoThere is nearly always some sort of public piece of news that will tell you that the liquidation is ending. So watch headlines, not pricesReply Retweet 1 Favorite 2More
Dan Davies @dsquareddigest 3h3 hours agoAlternatively, you can just sit tight and come back in a month or so when the prices will have stabilised anywayReply Retweet 2 Favorite 3More
Dan Davies @dsquareddigest 3h3 hours agoChina is a massive creditor that is liquidating, not a debtor that is defaulting. I don't think this can turn into a crisis like 08Reply Retweet 67 Favorite 43More
Dan Davies @dsquareddigest 3h3 hours agoThere's nothing to change your beliefs about the intrinsic value of financial claims - they just need to find new owners.Reply Retweet 2 Favorite 2More
Dan Davies @dsquareddigest 3h3 hours agoThese are the conditions in which smart people with good risk management make a killing. A genuine crisis is when smart people get blown up.Reply Retweet 8 Favorite 7More
― flopson, Monday, 24 August 2015 15:41 (eight years ago) link
i enjoy these plunges since i had to shave my 401k down to the nubbins
― skateboards are the new combover (Dr Morbius), Monday, 24 August 2015 15:43 (eight years ago) link
xp oh yes, the #stockpitches come out in full force at times like these
― five six and (man alive), Monday, 24 August 2015 16:10 (eight years ago) link
Everybody's selling to pay for their Ashley Madison divorces.
― Three Word Username, Monday, 24 August 2015 16:24 (eight years ago) link
lol the NASDAQ is now only off .3%. Whatta day we're having so far.
― five six and (man alive), Monday, 24 August 2015 16:41 (eight years ago) link
So far it looks like greed has the upper hand over fear in the US markets.
― Aimless, Monday, 24 August 2015 17:05 (eight years ago) link
greed runs in both directions
― five six and (man alive), Monday, 24 August 2015 17:12 (eight years ago) link
i dont understand the stock market but dan davies is good i trust him
― flopson, Monday, 24 August 2015 17:41 (eight years ago) link
I don't know if he's right or not, I just know that there are always very strong-sounding arguments why this time it's not a crisis, whether or not it's actually a crisis.
― five six and (man alive), Monday, 24 August 2015 17:52 (eight years ago) link
An email from Tim Cook to “Mad Money” television host Jim Cramer helped save Apple nearly $80bn in its market value amid the China-induced slide on global stock exchanges yesterday.After the company’s stock started the week 10 per cent down following a “Black Monday” for Chinese equities, Apple’s chief executive insisted in a rare intervention that consumer demand in Apple’s most important growth market remained “strong"The world’s most valuable company clawed back $78bn in market capitalisation it had lost earlier in the day.
An email from Tim Cook to “Mad Money” television host Jim Cramer helped save Apple nearly $80bn in its market value amid the China-induced slide on global stock exchanges yesterday.
After the company’s stock started the week 10 per cent down following a “Black Monday” for Chinese equities, Apple’s chief executive insisted in a rare intervention that consumer demand in Apple’s most important growth market remained “strong"
The world’s most valuable company clawed back $78bn in market capitalisation it had lost earlier in the day.
Seems legit.
― I wear my Redditor loathing with pride (ShariVari), Monday, 24 August 2015 18:04 (eight years ago) link
In that set of tweets from dan davies, most seem to me fairly sound. The most perceptive one imo:
"China is a massive creditor that is liquidating, not a debtor that is defaulting."
But the next one bothers me:
"There's nothing to change your beliefs about the intrinsic value of financial claims - they just need to find new owners."
It's that word intrinsic that needs examination. During a liquidation of assets and the process of finding new owners, financial claims on the future are revalued against currency (which btw is 'currency', because it is currently liquid). He is simply asserting there is no reason to change one's beliefs, but those beliefs about the future are what set the value of those claims on the future, not some intrinsic value. The future is not realized.
This assertion seems muddled and without an evident basis.
― Aimless, Monday, 24 August 2015 18:08 (eight years ago) link
Surely the revelation that Tim Cook is taking any kind of financial advice from Jim Cramer will cause Apple stock to plummet.
― Fresh, Nourishing Fruit (Old Lunch), Monday, 24 August 2015 18:13 (eight years ago) link
I feel like this slide is a response to lack of faith in the chinese's tinkering with their economy.. at least thats how I see it. I dont trust these dudes to make good decisions after the economic run up was fueled by building a bunch of ghost towns and gigantic empty apartment complexes all across china.
― panettone for the painfully alone (mayor jingleberries), Monday, 24 August 2015 18:43 (eight years ago) link
xp aimless i think this tweet clarifies
Dan Davies @dsquareddigest 6h6 hours agoA liquidity crisis isn't "just" a liquidity crisis - they can be the worst thing there is. But it's not the same as a fundamental crisisReply Retweet 2 Favorite 3More
― flopson, Monday, 24 August 2015 18:43 (eight years ago) link
the economic run up was fueled by exports not building gigantic apartment complexes. one of the problems is they can no longer rely on export led growth (to maintain previous insane growth rates) and need some domestic demand
― flopson, Monday, 24 August 2015 18:44 (eight years ago) link
was fueled by building a bunch of ghost towns and gigantic empty apartment complexes all across china.
― panettone for the painfully alone (mayor jingleberries), Monday, August 24, 2015 2:43 PM (7 minutes ago) Bookmark
not a fair read of the economy
― 龜, Monday, 24 August 2015 18:51 (eight years ago) link
double rainbow chart pattern forming
― five six and (man alive), Monday, 24 August 2015 19:00 (eight years ago) link
Shanghai Composite down another 7.5% today. I don't think there will be a huge knock-on effect in Europe and the US immediately, though.
― I wear my Redditor loathing with pride (ShariVari), Tuesday, 25 August 2015 07:15 (eight years ago) link
European exchanges are all rising. Could see Chinese exchanges falling again tomorrow and for the rest of the week. As someone pointed out on Twitter, there was no good reason for them to grow 150% - 180% over the course of the last eighteen months so no reason for them not to fall back over the next few weeks. It's unlikely to be hugely catastrophic for the economy as a whole but the bubble seems to have been caused in large part by the Chinese government encouraging small investors to plough cash into the markets. You're going to get a lot of individuals who have borrowed money to invest completely wiped out.
― I wear my Redditor loathing with pride (ShariVari), Tuesday, 25 August 2015 10:45 (eight years ago) link