HELL YEAH
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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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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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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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IQ sounds like Prestige....world wide.
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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. |
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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. |
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 |
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. |
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99% go the other direction or flat-line for years. |
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.
https://i.imgur.com/yBUw0U9.png 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. |
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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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