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07-12-2018, 11:04 PM | #2131 |
I'll be back.
Join Date: Nov 2002
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HELL YEAH
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Posts: 285,914
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07-12-2018, 11:06 PM | #2132 |
I'll be back.
Join Date: Nov 2002
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By the way, I ****ing hate this. As soon as IQ hits $42 I'm selling it and going back to my cozy, safe ETF.
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Posts: 285,914
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07-13-2018, 12:07 AM | #2133 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Posts: 142,654
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2 0 |
07-13-2018, 09:04 AM | #2134 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
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Who's still long in IQ? BEen waiting for you guys to post the next best thing. WTF is HF when you need him?
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Posts: 8,287
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07-13-2018, 12:46 PM | #2135 |
George Brett shit his pants
Join Date: Apr 2006
Location: At the Bellagio
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What do I have to gain by investing stocks on my own? My 401k has been humming along by Vanguard. I don't do anything. I think they would know more than me. Buying, selling, paying fees, staying up to date on news sounds like a pain in the ass.
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Posts: 48,366
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07-13-2018, 12:48 PM | #2136 |
Supporter
Join Date: Aug 2000
Location: Utopia
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IQ sounds like Prestige....world wide.
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Posts: 61,979
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07-13-2018, 12:57 PM | #2137 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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For most people, very little. If you have the time and interest to invest in individual stocks, it can be an interesting way of earning some cash, but there obviously no guarantees, and a vast majority of average Joe's are better off with broader mutual funds or ETFs.
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Posts: 52,328
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07-13-2018, 01:18 PM | #2138 |
George Brett shit his pants
Join Date: Apr 2006
Location: At the Bellagio
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Posts: 48,366
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07-13-2018, 02:46 PM | #2139 |
I'll be back.
Join Date: Nov 2002
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There are some people who think IQ stock will be worth 10x what it is now in five years.
I'm holding. |
Posts: 285,914
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07-13-2018, 04:13 PM | #2140 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
The kids were saying Carmax of China! Which doesn't sound that exciting to be honest lol I spent a couple of hours reading through their F1. They're taking on debt like crazy. I think they spent 96 and 102% of revenue in marketing alone the last two years. They'd gained market share from it. Can't remember exactly but they went from 34 or so to 42% of used car sales. Apparently, in China car loans work like homes here. New cars you can only get a loan for 80% of the value. Used cars 70%. Electrics can get more If I invest in China, I like companies where some other company I trust has invested in them. Then I know they've done their DD and it's a real company and not a scam. Unlike many of the other stocks we talked about this isn't the case AFAIK with Uxin. I consider this pretty risky and only looked into it in the hopes of riding the new china stock hype wave. It died a bit right before this IPO'd and this stock has gone down a bit since IPO like all of China stocks. All that said, if their numbers are real their revenue growth is huge. 130+% annually. It is sort of intriguing. I'm worried about chinese scams, I imagine so are Chinese people right? A good reason to go to the Carmax of China? If I remember right they allow returns for 30 days. They pointed out a lot of stats that showed Chinese consumers have way less cars than in the US. Makes sense.. many of them haven't have the money. I sort of suspect some of that is China building out more public transportation than we have too. |
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Posts: 6,247
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07-13-2018, 04:28 PM | #2141 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Oh, I forgot, I wanted Adyen! They listed in Netherlands and when I woke up in the morning they had gone up 100% on day one
They IPO'd and were already profitable as a digital payment company. Uber, Netflix, Etsy, Groupon, etc. use them. Oh, Ebay is moving from Paypal to them over the next few years |
Posts: 6,247
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07-13-2018, 08:05 PM | #2142 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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You cannot trust the financials of these Chinese companies. I don't believe them outside of Alibaba, in which I own a large long stake in because of that trust and leadership.
I am playing IQ on speculation for generating some income but I don't plan to hold many shares (if any) long term. |
Posts: 46,066
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07-13-2018, 08:06 PM | #2143 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,066
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07-15-2018, 11:14 AM | #2144 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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So, it seems we have quite a few IQ holders here. I like to use Finviz to take a quick look at companies. It's not perfect but it puts a lot of info into a small area. I basically use it to decide if I want to spend time researching a business and digging through the financial records. A lot of the fields here are empty probably becuase IQ hasn't had an earnings report yet.
I assumed this was a mistake but Schwab and Yahoo Finance also list nearly 700 million shares. Explain yourselves, longs. Baidu, spun this off so I assume it's legit but these numbers say there are 10 million shares voting on the current stock price w/ 700 million shares currently in lockup who've been precluded from selling. That sounds awful and I can't imagine it's accurate. If the people who priced this IPO at 18 dollars or whatever are holding 700 million shares on the sidelines, uhh, good luck. |
Posts: 6,247
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07-15-2018, 12:44 PM | #2145 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
As I've stated numerous times, there's no reason to be long on IQ. None. I am swing trading it as needed in this sideways market and nothing more. |
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Posts: 46,066
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