Trading the stockmarket (NO Referrals)

englishpremier · 11 Nov 2021 at 18:24

JamesH85 said:
Anyone into Rivian? I wonder if current prices are actually cheap and it's going to follow Tesla in the future? Gathering a lot of pace today.

Trig said:
21% since lunch, was talking to some of the guys about it, might have been a good idea lol

Second largest US auto maker by market cap. Something is wrong there.

I wanted in but price is too high IMO. It may well double but long term I don't see the basis for it.

People are still going to buy a Ford (F150), RAM, and GM trucks. Even if Rivian took 20% of the market I don't see how that market cap can work unless they have some crazy margins which presently are only around the 15% mark. Better than the auto industry average but nothing special.

Trig · 11 Nov 2021 at 19:17

Yeah if it dropped <65/70 then I might grab some, but the figures don't add up.

nam · 12 Nov 2021 at 08:26

Trig said:
Yeah if it dropped <65/70 then I might grab some, but the figures don't add up.

I think of Rivian and I remember Nikola :eek:

arknor · 12 Nov 2021 at 09:38

nam said:
I think of Rivian and I remember Nikola

lol Nikola rolled a fake truck down a hill to make a video of it driving
kinda funny.

Stumbled across a good breakdown video of palantir that I thought I'd post since it's probably one of the best stock videos I've seen on youtube

and a bunch of us probably own some of it.

still seems high risk just a couple of contracts/companies are 25% of the revenue which is pretty scary

Trig · 12 Nov 2021 at 11:20

I ditched my Palantir a while back, made some on it then shifted it on.

booyaka · 12 Nov 2021 at 11:39

Too much hype around Rivian at the moment due to Amazon link etc - For now on the watchlist but certainly not jumping in at this time.

Billion dollar lost in last 6 months with almost zero revenue at the moment....It's a poor mans Tesla currently.... Has potential but for now - not for me.

englishpremier · 12 Nov 2021 at 14:16

arknor said:
lol Nikola rolled a fake truck down a hill to make a video of it driving
kinda funny.

Nikola has good potential especially priced in the low double figures and with Iveco onboard. I bought in a $9 then $10, then sold in the high $11s hoping to get back in when the market dips.

arknor · 12 Nov 2021 at 14:18

englishpremier said:
Nikola has good potential especially priced in the low double figures and with Iveco onboard. I bought in a $9 then $10, then sold in the high $11s hoping to get back in when the market dips.

The company was literally a scam though claiming they had a fully working truck when they had a rolling shell with some electronics

Trig said:
I ditched my Palantir a while back, made some on it then shifted it on.

probably wise any growth is already priced in the only surprises can really be negative ones.

I hold some anyway don't know where else I would put the money right now. not really a buyers market

silversurfer · 12 Nov 2021 at 17:42

Trig said:
21% since lunch, was talking to some of the guys about it, might have been a good idea lol

Its twice the valuation over Tesla apparently. I reckon it adds support for my idea the whole sector has growth vs TSLA which will not outperform
JOHNSON MATTHEY lost 19% yesterday because it cannot do batteries profitably apparently so maybe Tesla does have the head start or scale advantage, hard to believe its only them able to work it out.

smokedog · 12 Nov 2021 at 18:09

booyaka said:
https://www.dailysabah.com/business/economy/chinas-evergrande-group-officially-defaults

How the hell does a company get to the stage where it has $300 billion in liabilities!!! Ridiculous.

So far all the repayments have been relatively tiny, in the millions. They have a $2.1 billion repayment due in 23rd March 2022.

https://www.ft.com/content/3a9f46f7-f061-4393-8dd2-23304925bea0

jsmoke · 14 Nov 2021 at 14:39

GGPI up around 27% last Friday and expected to keep going up next week.

dlockers · 14 Nov 2021 at 20:17

jsmoke said:
GGPI up around 27% last Friday and expected to keep going up next week.

OK I've locked in for Monday AM.

I hope this isn't PS take two as I'm losing quite a lot of money following you guys' recommendations

Martynt74 · 15 Nov 2021 at 11:10

Man, really wish i'd put more into ASOS when i did. That's up around 20% in around 2 weeks. Sadly it was in a "pie" with THG and BOO so the net effect is pretty much zero!

Russinating · 15 Nov 2021 at 19:19

dLockers said:
OK I've locked in for Monday AM.

I hope this isn't PS take two as I'm losing quite a lot of money following you guys' recommendations

DYOR...

booyaka · 16 Nov 2021 at 10:40

dLockers said:
OK I've locked in for Monday AM.

I hope this isn't PS take two as I'm losing quite a lot of money following you guys' recommendations

not sure if serious?? I prey to god your trying to be funny. Have you not read the pages and pages of comments about not following online "tips" etc.....

Martynt74 · 16 Nov 2021 at 10:44

booyaka said:
not sure if serious?? I prey to god your trying to be funny. Have you not read the pages and pages of comments about not following online "tips" etc.....

I think he is joking, but in fairness, had he put money into it he'd have made a decent amount assuming he took the quick win

dlockers · 16 Nov 2021 at 11:01

booyaka said:
not sure if serious?? I prey to god your trying to be funny. Have you not read the pages and pages of comments about not following online "tips" etc.....

My investment strategy is to follow random folk online. So far it isn't doing too well:

dlockers · 16 Nov 2021 at 11:04

Martynt74 said:
I think he is joking, but in fairness, had he put money into it he'd have made a decent amount assuming he took the quick win

I configured my buy order wrong (I was super tired in all fairness) so I bought at the tippy top of the +20% gain

Mods must condemn all of these people costing me my daughters future.

Martynt74 · 16 Nov 2021 at 11:05

See now even i'm not sure if you're serious or not!

dlockers · 16 Nov 2021 at 11:06

Martynt74 said:
See now even i'm not sure if you're serious or not!