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

[CaptQuint]

I just bought $5000 USD worth of Iraqi Dinar

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.

[B-Tender]

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.

A little pop in Upstart today. Sitting at $332.32 right now.

[Animal]

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.

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.

[B-Tender]

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.

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.

[Animal]

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.

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.

[Animal]

holy fuck. its at $371 right now.

[B-Tender]

Upstart's next earnings date is Nov. 10. They will need a solid beat to justify this kind of appreciation.

[Animal]

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.

[B-Tender]

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.

[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.

[B-Tender]

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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

[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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

the dates are just guesses at this point based on what they did last year. they have not officially announced an earnings date yet. at least that's what i read.

[CentralTexasCrude]

Expect $100-120 price for oil (per barrel) with the related surge in energy costs pretty quick. You have been warned. Then you can ask "How's that Biden Admin war on the domestic oil industry working out"?

[CHEEZY17]

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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

[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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

i know you weren't asking me, but i never sell unless there has been some kind of really big fundamental change. huge change. i never try to simply time it.

[B-Tender]

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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

i know you weren't asking me, but i never sell unless there has been some kind of really big fundamental change. huge change. i never try to simply time it.

Same here.

[CHEEZY17]

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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

i know you weren't asking me, but i never sell unless there has been some kind of really big fundamental change. huge change. i never try to simply time it.

Same here.

I understand as trying to time the market is generally a fools errand. So I'm assuming this is a long term play for you then? Its been a VERY nice rise but I've been burned with tech stocks before and I dont want it to happen again. I know from experience that these gains can disappear all too quickly. I just thought maybe you had a ceiling in mind. I've seen some things where some folks think it could be a $1000 stock.

[B-Tender]

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.

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

i know you weren't asking me, but i never sell unless there has been some kind of really big fundamental change. huge change. i never try to simply time it.

Same here.

I understand as trying to time the market is generally a fools errand. So I'm assuming this is a long term play for you then? Its been a VERY nice rise but I've been burned with tech stocks before and I dont want it to happen again. I know from experience that these gains can disappear all too quickly. I just thought maybe you had a ceiling in mind. I've seen some things where some folks think it could be a $1000 stock.

As long as growth stays strong, and there aren't any other red flags I'll hold onto it.

[B-Tender]

I just googled the date again. Two sites said the 10th, one said the 9th. Either way, companies always sandbag on projections so they can deliver a beat. It becomes baked into the stock price, which is why I'm saying they need another big beat to hold the current price.

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

i know you weren't asking me, but i never sell unless there has been some kind of really big fundamental change. huge change. i never try to simply time it.

Same here.

I understand as trying to time the market is generally a fools errand. So I'm assuming this is a long term play for you then? Its been a VERY nice rise but I've been burned with tech stocks before and I dont want it to happen again. I know from experience that these gains can disappear all too quickly. I just thought maybe you had a ceiling in mind. I've seen some things where some folks think it could be a $1000 stock.

As long as growth stays strong, and there aren't any other red flags I'll hold onto it.

BTW, If this stock hits $1k, you me and Animal need to meet in Vegas or something for a celebration.

[CHEEZY17]

I just want to know when to sell it!
I've made my money on this but knowing when to sell has always been my weakness. How long are you holding it?

i know you weren't asking me, but i never sell unless there has been some kind of really big fundamental change. huge change. i never try to simply time it.

Same here.

I understand as trying to time the market is generally a fools errand. So I'm assuming this is a long term play for you then? Its been a VERY nice rise but I've been burned with tech stocks before and I dont want it to happen again. I know from experience that these gains can disappear all too quickly. I just thought maybe you had a ceiling in mind. I've seen some things where some folks think it could be a $1000 stock.

As long as growth stays strong, and there aren't any other red flags I'll hold onto it.

BTW, If this stock hits $1k, you me and Animal need to meet in Vegas or something for a celebration.

[B-Tender]

So Upstart is down around 9% today based on a downgrade by a Jefferies analyst. The analyst thought that the stock had run up so much lately that all the future appreciation is already baked in. There has been no fundamental change in the company, or its performance. I have seen this before with other companies in the last couple of years. In short, if Upstart continues to grow at such a dynamic pace, you can almost throw valuation out the window. If their growth slows too much, then it becomes an issue. I will likely be buying more shares tomorrow morning. Do your own due diligence.

[CaptQuint]

So Upstart is down around 9% today based on a downgrade by a Jefferies analyst. The analyst thought that the stock had run up so much lately that all the future appreciation is already baked in. There has been no fundamental change in the company, or its performance. I have seen this before with other companies in the last couple of years. In short, if Upstart continues to grow at such a dynamic pace, you can almost throw valuation out the window. If their growth slows too much, then it becomes an issue. I will likely be buying more shares tomorrow morning. Do your own due diligence.

Funny, since you mentioned it I've been peeking at that stock everyone once in awhile

[Animal]

So Upstart is down around 9% today based on a downgrade by a Jefferies analyst. The analyst thought that the stock had run up so much lately that all the future appreciation is already baked in. There has been no fundamental change in the company, or its performance. I have seen this before with other companies in the last couple of years. In short, if Upstart continues to grow at such a dynamic pace, you can almost throw valuation out the window. If their growth slows too much, then it becomes an issue. I will likely be buying more shares tomorrow morning. Do your own due diligence.

i read a good article over the week-end by a guy that really dove into the price of Upstart stock. It was a very exhaustive read, going into the various avenues of revenue and what category this company would fall into, etc. But after following all of his math and his serious research into the quarterly reports that the company has released, he decided that the stock should be valued around $415 per share. And he said it should hit that value in the next year. he didn't really say it, but i got the impression that he felt like some of the hesitancy on the stock right now was due to the unstable nature of the housing loan business in general. If we have another housing collapse, obviously it would effect Upstart since that is a lot of their market.

[Reservoir Dog]

36,052.63

[CaptQuint]

Thanks Brandon