Biden's Stock Market - 31,164 on Day 1.

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B-Tender
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Re: Biden's Stock Market - 31,164 on Day 1.

#276

Post by B-Tender »

B-Tender wrote: Wed Sep 08, 2021 6:07 pm
B-Tender wrote: Tue Aug 24, 2021 5:10 pm
B-Tender wrote: Fri Aug 13, 2021 4:35 pm
B-Tender wrote: Tue Aug 10, 2021 11:44 pm About a month and a half ago I took a 5% stake in a company called Upstart. Here is their blurb from Wiki:

Upstart is an AI lending platform that partners with banks to provide personal loans using non-traditional variables, such as education and employment, to predict creditworthiness.


They announced earnings today:

Tue, August 10, 2021, 1:05 PM·18 min read
SAN MATEO, Calif., August 10, 2021--(BUSINESS WIRE)--Upstart Holdings, Inc. (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced financial results for its second quarter of the fiscal year 2021 ended June 30, 2021. Upstart will host a conference call and webcast at 1:30 p.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.

"Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs," said Dave Girouard, CEO of Upstart. "Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history."

Second Quarter 2021 Financial Highlights

Revenue. Total revenue was $194 million, an increase of 1,018% from the second quarter of 2020. Total fee revenue was $187 million, an increase of 1,308% year-over-year.

Transaction Volume and Conversion Rate. Bank partners originated 286,864 loans, totaling $2.80 billion, across our platform in the second quarter, up 1,605% from the same quarter of the prior year. Conversion on rate requests was 24% in the second quarter of 2021, up from 9% in the same quarter of the prior year.

Income from Operations. Income from operations was $36.3 million, from ($11.4) million the prior year.


There's more to it. Google it if you are interested. Just thought I would bring this here in case anyone wants to look into it.
When I posted this on Tuesday, this stock was at 135.68. It is currently at 197.91.
So as of a half hour ago, Upstart was trading around $218 a share.

Another stock I've owned for a couple years is Crowdstrike. They were just added to the Nasdaq 100, and two other minor indexes. The stock is up about 8% today on that news. They report earnings on Aug. 31. One of their main competitors(Palo Alto Networks) just reported earnings, beat projections, and is currently up 17% today. If CRWD has results, it looks like they might get a nice pop as well.

No guarantees, and do your own due diligence.
So I basically went 1 for 2 on theses. As of this morning, Upstart is now up to $272/share, Crwd is about $266/share. Crwd had a good earnings report, and beat expected numbers, but didn't blow them away like they have in the past. I've sold half of my Crwd shares and have bought more Upstart, as well as some shares in a company with the ticker Mndy.
As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
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Re: Biden's Stock Market - 31,164 on Day 1.

#277

Post by Animal »

B-Tender wrote: Fri Sep 17, 2021 5:43 pm As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
i just bought some Upstart.
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Re: Biden's Stock Market - 31,164 on Day 1.

#278

Post by CaptQuint »

I just bought some .223
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Re: Biden's Stock Market - 31,164 on Day 1.

#279

Post by Animal »

CaptQuint wrote: Fri Sep 17, 2021 10:02 pm I just bought some .223
have you settled on a scope or red dot?
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Re: Biden's Stock Market - 31,164 on Day 1.

#280

Post by CaptQuint »

Animal wrote: Fri Sep 17, 2021 10:05 pm
CaptQuint wrote: Fri Sep 17, 2021 10:02 pm I just bought some .223
have you settled on a scope or red dot?
I'm gonna get these for now then decide


https://www.ebay.com/itm/264509059054
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Re: Biden's Stock Market - 31,164 on Day 1.

#281

Post by spudoc »

CaptQuint wrote: Fri Sep 17, 2021 10:02 pm I just bought some .223
Are there any negatives at all for using .223 in a rifle that is designed for NATO 5.56? Any fouling issues?
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Re: Biden's Stock Market - 31,164 on Day 1.

#282

Post by CaptQuint »

spudoc wrote: Fri Sep 17, 2021 10:51 pm
CaptQuint wrote: Fri Sep 17, 2021 10:02 pm I just bought some .223
Are there any negatives at all for using .223 in a rifle that is designed for NATO 5.56? Any fouling issues?
I haven't shot this firearm yet, but everything I read says no. You don't want to shoot 5.56 out of a gun chambered for 223 do to higher pressure with 5.56
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Re: Biden's Stock Market - 31,164 on Day 1.

#283

Post by Animal »

CaptQuint wrote: Fri Sep 17, 2021 11:02 pm
spudoc wrote: Fri Sep 17, 2021 10:51 pm
CaptQuint wrote: Fri Sep 17, 2021 10:02 pm I just bought some .223
Are there any negatives at all for using .223 in a rifle that is designed for NATO 5.56? Any fouling issues?
I haven't shot this firearm yet, but everything I read says no. You don't want to shoot 5.56 out of a gun chambered for 223 do to higher pressure with 5.56
^ that is pretty much the only guideline. they are basically interchangeable. a 5.56 shell might be a bit stronger so more powder, but that is kind of one of those points that hair splitters grind on and its not much of a big deal at all.

the main thing that i would point out is the difference in using bullets with brass shells vs steel shells. stell shells "can", over time, do a bit more damage to the chamber. brass is a little more expensive, BUT, it can be re-loaded. You can't reload steel.
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Re: Biden's Stock Market - 31,164 on Day 1.

#284

Post by B-Tender »

Animal wrote: Fri Sep 17, 2021 6:29 pm
B-Tender wrote: Fri Sep 17, 2021 5:43 pm As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
i just bought some Upstart.
:drinkingcheers:
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Re: Biden's Stock Market - 31,164 on Day 1.

#285

Post by B-Tender »

Nice rebound today for the market. Upstart up over 8% right now.
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Re: Biden's Stock Market - 31,164 on Day 1.

#286

Post by Animal »

B-Tender wrote: Tue Sep 21, 2021 3:48 pm Nice rebound today for the market. Upstart up over 8% right now.
nice. thanks.
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Re: Biden's Stock Market - 31,164 on Day 1.

#287

Post by CaptQuint »

I just bought $5000 USD worth of Iraqi Dinar :lol:
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Re: Biden's Stock Market - 31,164 on Day 1.

#288

Post by Animal »

CaptQuint wrote: Wed Sep 22, 2021 12:21 am I just bought $5000 USD worth of Iraqi Dinar :lol:
why?
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Re: Biden's Stock Market - 31,164 on Day 1.

#289

Post by CaptQuint »

Animal wrote: Wed Sep 22, 2021 12:34 am
CaptQuint wrote: Wed Sep 22, 2021 12:21 am I just bought $5000 USD worth of Iraqi Dinar :lol:
why?
I didn't, I was thinking of a fella I worked with around 2004 and he got caught up in a currency scam. He wired $30,000 to some dude in France to buy Iraqi money with some bullshit story that The US Government would guarantee the dinar and he would get back $130,000 to $250,000. He told me he could get me in on it. I was in my early 20's and didn't have a pot to piss in and I told he was a fucking idiot.
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Re: Biden's Stock Market - 31,164 on Day 1.

#290

Post by Animal »

CaptQuint wrote: Wed Sep 22, 2021 12:43 am
Animal wrote: Wed Sep 22, 2021 12:34 am
CaptQuint wrote: Wed Sep 22, 2021 12:21 am I just bought $5000 USD worth of Iraqi Dinar :lol:
why?
I didn't, I was thinking of a fella I worked with around 2004 and he got caught up in a currency scam. He wired $30,000 to some dude in France to buy Iraqi money with some bullshit story that The US Government would guarantee the dinar and he would get back $130,000 to $250,000. He told me he could get me in on it. I was in my early 20's and didn't have a pot to piss in and I told he was a fucking idiot.
yeah a really good friend of mine got scammed about 25 years ago. he tried like hell for a few months to get me in on it. it was a company that had figured out a "glitch" in the currency trading system and could skim off conversions of dollars to pesos. He had statements showing he had made a shit ton of money. It was all a scam. I think after they busted them he got about 25 cents on the dollar back.

it never fails to amaze me how ridiculous these stories seem and yet people fall for it.
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Re: Biden's Stock Market - 31,164 on Day 1.

#291

Post by CaptQuint »

Animal wrote: Wed Sep 22, 2021 12:50 am
CaptQuint wrote: Wed Sep 22, 2021 12:43 am
Animal wrote: Wed Sep 22, 2021 12:34 am
CaptQuint wrote: Wed Sep 22, 2021 12:21 am I just bought $5000 USD worth of Iraqi Dinar :lol:
why?
I didn't, I was thinking of a fella I worked with around 2004 and he got caught up in a currency scam. He wired $30,000 to some dude in France to buy Iraqi money with some bullshit story that The US Government would guarantee the dinar and he would get back $130,000 to $250,000. He told me he could get me in on it. I was in my early 20's and didn't have a pot to piss in and I told he was a fucking idiot.
yeah a really good friend of mine got scammed about 25 years ago. he tried like hell for a few months to get me in on it. it was a company that had figured out a "glitch" in the currency trading system and could skim off conversions of dollars to pesos. He had statements showing he had made a shit ton of money. It was all a scam. I think after they busted them he got about 25 cents on the dollar back.

it never fails to amaze me how ridiculous these stories seem and yet people fall for it.
After that he got involved in some moorish scam where the federal government uses citizens as currency and if you have a birth certificate and a social security number you are worth a million dollars. And with the right forms (that you need to purchase from some sovereign citizen in Montana) you can withdraw this money from the treasury department. He was a talented carpenter and we built him a beautiful steel framed 90x30 ranch house with radiant heat floors. He turned an alcohol problem into an alcohol crisis. He wife cheated on him with a lounge singer half her age and took the kids and all his stuff. Not sure what became of him.
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Re: Biden's Stock Market - 31,164 on Day 1.

#292

Post by B-Tender »

B-Tender wrote: Sat Sep 18, 2021 4:20 pm
Animal wrote: Fri Sep 17, 2021 6:29 pm
B-Tender wrote: Fri Sep 17, 2021 5:43 pm As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
i just bought some Upstart.
:drinkingcheers:
A little pop in Upstart today. Sitting at $332.32 right now.
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Re: Biden's Stock Market - 31,164 on Day 1.

#293

Post by Animal »

B-Tender wrote: Tue Oct 12, 2021 6:16 pm
B-Tender wrote: Sat Sep 18, 2021 4:20 pm
Animal wrote: Fri Sep 17, 2021 6:29 pm
B-Tender wrote: Fri Sep 17, 2021 5:43 pm As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
i just bought some Upstart.
:drinkingcheers:
A little pop in Upstart today. Sitting at $332.32 right now.
Great. I know it can still go either way, but thanks for the tip. This is the kind of stock that would never get on my radar. I read quite a bit about it before buying and feel that it really does have an incredible upside. As long as no one comes along with a better widget.
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Re: Biden's Stock Market - 31,164 on Day 1.

#294

Post by B-Tender »

Animal wrote: Tue Oct 12, 2021 6:32 pm
B-Tender wrote: Tue Oct 12, 2021 6:16 pm
B-Tender wrote: Sat Sep 18, 2021 4:20 pm
Animal wrote: Fri Sep 17, 2021 6:29 pm
B-Tender wrote: Fri Sep 17, 2021 5:43 pm As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
i just bought some Upstart.
:drinkingcheers:
A little pop in Upstart today. Sitting at $332.32 right now.
Great. I know it can still go either way, but thanks for the tip. This is the kind of stock that would never get on my radar. I read quite a bit about it before buying and feel that it really does have an incredible upside. As long as no one comes along with a better widget.
Yeah, to me it just comes down to their proprietary AI. If they can help lenders create more loans with less default, as they claim, then they can really disrupt the industry.
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Re: Biden's Stock Market - 31,164 on Day 1.

#295

Post by Animal »

B-Tender wrote: Tue Oct 12, 2021 7:50 pm
Animal wrote: Tue Oct 12, 2021 6:32 pm
B-Tender wrote: Tue Oct 12, 2021 6:16 pm
B-Tender wrote: Sat Sep 18, 2021 4:20 pm
Animal wrote: Fri Sep 17, 2021 6:29 pm
B-Tender wrote: Fri Sep 17, 2021 5:43 pm As of midday, CRWD is at $263, I bought MNDY at $388 and it is now at $375, and Upstart is at $302.
i just bought some Upstart.
:drinkingcheers:
A little pop in Upstart today. Sitting at $332.32 right now.
Great. I know it can still go either way, but thanks for the tip. This is the kind of stock that would never get on my radar. I read quite a bit about it before buying and feel that it really does have an incredible upside. As long as no one comes along with a better widget.
Yeah, to me it just comes down to their proprietary AI. If they can help lenders create more loans with less default, as they claim, then they can really disrupt the industry.
What caught my eye was that they have done what they have done with only around 3% of the market that already exists. And so far everyone that is using them is expanding their use of them. It just sounded like a snowball just starting down a steep hill. We will see. I've thought these things before.
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Re: Biden's Stock Market - 31,164 on Day 1.

#296

Post by Animal »

holy fuck. its at $371 right now.
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Re: Biden's Stock Market - 31,164 on Day 1.

#297

Post by B-Tender »

Upstart's next earnings date is Nov. 10. They will need a solid beat to justify this kind of appreciation.
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Re: Biden's Stock Market - 31,164 on Day 1.

#298

Post by Animal »

B-Tender wrote: Thu Oct 14, 2021 6:27 pm Upstart's next earnings date is Nov. 10. They will need a solid beat to justify this kind of appreciation.
fuck. i hate those earnings dates. everybody buys on the hype and sells on the good news.
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Re: Biden's Stock Market - 31,164 on Day 1.

#299

Post by B-Tender »

Animal wrote: Thu Oct 14, 2021 6:30 pm
B-Tender wrote: Thu Oct 14, 2021 6:27 pm Upstart's next earnings date is Nov. 10. They will need a solid beat to justify this kind of appreciation.
fuck. i hate those earnings dates. everybody buys on the hype and sells on the good news.
Yep, you nailed it. I don't usually worry about short term stuff like that. I worry more about slowing growth, or top executive changes before I consider selling.
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Re: Biden's Stock Market - 31,164 on Day 1.

#300

Post by Animal »

I was just looking at the earnings date. It's Nov 9. The last one was Aug 10. The predictions were $0.25. They came in at $0.62 (37 cents higher).

The projections for Nov 9th are $0.35??? That can't be right.
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