The Investment Thread (4 Viewers)

[bclemms]

NFLX is at the same level it was 5 years ago.

Just checked BA and it is below its Covid crash.

5 years ago we were already in the bubble so it was way overpriced then. History says it should be priced around $240 but inflation is the unknown variable and the combination of rapid inflation and subscription loss and it wont take long to destroy Netflix.

NFLX is actually priced below historical norms. I've been picking some up at support levels and it tries to rebound but then keeps triggering my stops.

I'll try again in the morning. I have this gut feeling that Netflix has something up it's sleeve and is going to go ripping. It's just been too well run for too long. PE ratio of 15? I think the subscribers rebound in the winter when people have finally had enough outside and they sat out long enough to log back on and actually see new content. I knew for sure it was going to 200 after the last earning call. Felt pretty good about 172 being the low then today it just went lower. Im not sure it can go much lower without some sort of news, it's just too cheap. It may even be a stock that is able to hold current levels even if the rest of the market continues to slide. It's just getting to that point.

 

[johnw412601]

Each day these games continue the more my shares become long term gains. I’m not on margin and only invest in what I can lose.

Me too. I believe we aren't far but if it takes another year, so be it.

 

[Turfie]

NFLX is at the same level it was 5 years ago.

Just checked BA and it is below its Covid crash.

Disney is also lower than 5 years ago. At least in share price.

It’s just crazy to me that 5 years ago. It was a better investment in Tootsie Roll (TR) than Disney. Just nuts.

 

[Turfie]

I have a sneaking suspicion that Coinbase and other similar crypto brokerages have a huge role in all of this. This is somewhat in response to Coinbase’s latest filing which says that if they go under….everybody’s fake coins could get wiped out. FYI - I’m sure you know but Coinbase is kinda like a stock brokerage. You don’t actually own those shares/coins. (Which is why I ComputerShared my GME).

If it’s burning down a lot of people are just cashing out. Which Coinbase is paying out/selling out.

If people are rapidly setting up actual crypto wallets and transferring then Coinbase needs to provide the actual coins. I’m sure they have a supply. But….if enough people are transferring then they might need to purchase the coins to transfer.

This might blow up real soon.

 

[bclemms]

I have a sneaking suspicion that Coinbase and other similar crypto brokerages have a huge role in all of this. This is somewhat in response to Coinbase’s latest filing which says that if they go under….everybody’s fake coins could get wiped out. FYI - I’m sure you know but Coinbase is kinda like a stock brokerage. You don’t actually own those shares/coins. (Which is why I ComputerShared my GME).

If it’s burning down a lot of people are just cashing out. Which Coinbase is paying out/selling out.

If people are rapidly setting up actual crypto wallets and transferring then Coinbase needs to provide the actual coins. I’m sure they have a supply. But….if enough people are transferring then they might need to purchase the coins to transfer.

This might blow up real soon.

It's highly unlikely a bankruptcy court would rule in that direction but due to recent changes in SEC filing laws they had to disclose the possibility in the event of bankruptcy. Coinbase has a decent balance sheet but crypto is so volatile and really could crash to nothing so it is a possibility. The good news, if coinbase goes bankrupt it means crypto really crashed out and the coins wouldn't hold value anyway.

 

[Saint_Ward]

Powell basically asking for the labor market to cool off.

The only way I realistically see this happening is consolidation, closure, and automation.

Why the Fed wants corporate America to have a hiring freeze

Here's what to watch in the markets on Thursday, May 12, 2022.

finance.yahoo.com

 

[Turfie]

GME halted. Nothing to see here. It’s over.

 

[Turfie]

2nd halt. ItS oVEr OkAy

 

[Turfie]

 

[bclemms]

Powell basically asking for the labor market to cool off.

The only way I realistically see this happening is consolidation, closure, and automation.

Why the Fed wants corporate America to have a hiring freeze

Here's what to watch in the markets on Thursday, May 12, 2022.

finance.yahoo.com

This scares the hell out of me.

What are they seeing that is so bad that the people in charge of controlling the economy want businesses to not hire people?

 

[DaveXA]

This scares the hell out of me.

What are they seeing that is so bad that the people in charge of controlling the economy want businesses to not hire people?

Yeah, I don't get that at all. Full employment isn't a bad thing now is it?

 

[bclemms]

Yeah, I don't get that at all. Full employment isn't a bad thing now is it?

Yes and no. We're only close to full employment because participation is so low.

 

[DaveXA]

Yes and no. We're only close to full employment because participation is so low.

True that. Lotta people came off the rolls over the last few years. So yeah, you're right.

 

[Saint_Ward]

This scares the hell out of me.

What are they seeing that is so bad that the people in charge of controlling the economy want businesses to not hire people?

This article explains it better...

It's more that the job openings are way out of whack compared to the workforce out there. So, it creates far abnormal wage pressure.

Wage pressure I'm hoping to cash in on...lol.

https://www.washingtonpost.com/business/powells-job-market-theory-is-proving-faulty/2022/05/06/f9f45b60-cd62-11ec-b7ee-74f09d827ca6_story.html

 

[Saint_Ward]

Yeah, I don't get that at all. Full employment isn't a bad thing now is it?

Yes and no. We're only close to full employment because participation is so low.

True that. Lotta people came off the rolls over the last few years. So yeah, you're right.

The problem is that we don't have a big enough workforce to fill the jobs and continue growth. That causes companies to overpay. Good and bad to that.

I think what we are seeing is that 20-54 are all mostly back to work. Its folks 55+ who aren't or retired and are happy to stay out of the market.

The key will be graduation rates and how many kids are 16-19 that will be entering the work force or college in the next few years.