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Global Macro Trading Journal
- Thread starter Daal
- Start date
IMO the big winner of China's anti monopoly drive will be: KSTR
https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market
https://en.wikipedia.org/wiki/Shanghai_Stock_Exchange_STAR_Market
Certain elements of western society also wants to put large corps in their place. There are those from the left and the right who would like to break up big tech or declare them as monopolies etc. At end of the day, it's about power and CCP does not want its power challenged or unduly influenced by the corporate sector. I think the CCP sees how much power and influence the corporate sector wields in the US and they are determined to remind them that in the Chinese power structure, the CCP is and always will be at the top whereas in the US, you can certainly make the argument that corporations and the billionaires who own them drive the policies.
I agree and this will benefit the mid and small caps (some select big caps as well). I sold 10-20% of my FXI and KWEB to buy more KSTR. I'm also using ASHS on the small cap side. But I do think the big caps have value, because they dropped far more than any impact they might faceCertain elements of western society also wants to put large corps in their place. There are those from the left and the right who would like to break up big tech or declare them as monopolies etc. At end of the day, it's about power and CCP does not want its power challenged or unduly influenced by the corporate sector. I think the CCP sees how much power and influence the corporate sector wields in the US and they are determined to remind them that in the Chinese power structure, the CCP is and always will be at the top whereas in the US, you can certainly make the argument that corporations and the billionaires who own them drive the policies.
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https://www.zerohedge.com/markets/c...-short-his-funds-first-client-letter-its-2015
I think Carson Block is completely wrong on Tesla here. He keeps blaming his losses on low rates, similar to what Einhorn does. But people were saying the same thing about Amazon back in the early 2010's (its a bubble)
AMZN and TSLA and many other tech companies are hedge funds lead by the best tech people there are and they command big market caps because the market has decided that if they give them money, they will do amazing things with that money that the market or even them know what they are.
Amazon used to be about books, now its Cloud, streaming and a bunch of other things. None of this Bezos could have known before hand, he dynamically found these opportunites and they are worth trillions. Same thing is happening with Musk, he will dynamically allocate this large capital into new opportunities as they come along. If he just figures out automated driving that alone will be worth a lot. Furthermore, who is to say that Tesla wont have opportunities linked to StarLink and SpaceX in the future? This is called optionality and it has economic value. Only finance idiots like Block cant see that
I swear, the more finance a person reads, the less they understand technology. I used to suffer from this syndrome but no more
I think Carson Block is completely wrong on Tesla here. He keeps blaming his losses on low rates, similar to what Einhorn does. But people were saying the same thing about Amazon back in the early 2010's (its a bubble)
AMZN and TSLA and many other tech companies are hedge funds lead by the best tech people there are and they command big market caps because the market has decided that if they give them money, they will do amazing things with that money that the market or even them know what they are.
Amazon used to be about books, now its Cloud, streaming and a bunch of other things. None of this Bezos could have known before hand, he dynamically found these opportunites and they are worth trillions. Same thing is happening with Musk, he will dynamically allocate this large capital into new opportunities as they come along. If he just figures out automated driving that alone will be worth a lot. Furthermore, who is to say that Tesla wont have opportunities linked to StarLink and SpaceX in the future? This is called optionality and it has economic value. Only finance idiots like Block cant see that
I swear, the more finance a person reads, the less they understand technology. I used to suffer from this syndrome but no more
Its amazing what is going on at Gamestop
https://www.wsj.com/articles/gamestop-ryan-cohen-chewy-meme-stock-11628776861?mod=hp_lead_pos10
This isn't a dying video game company, this is an emerging tech company that has the support of the Reddit community. What they will do, nobody knows for sure but the optionality value is there
https://www.wsj.com/articles/gamestop-ryan-cohen-chewy-meme-stock-11628776861?mod=hp_lead_pos10
This isn't a dying video game company, this is an emerging tech company that has the support of the Reddit community. What they will do, nobody knows for sure but the optionality value is there
I plan to buy some shares of GME today. Not a huge position, just around 1-2%
The name Gamestop is a misnomer, this should be called Reddit Community Corporation (RCC). What is the value of a community measured in millions (and still growing a lot) in an era where everything is going digital and there is rising inequality? The RCC is actually a way for people to participate in the fuck you to the system by becoming customers, shareholders and supporting the project. The board chairman understands technology, the guy created Chewy. Most redditors love him and love the Kitty guy. GME is going into NFTs, they will also go into other things, probably crypto things. God knows how many opportuties they will have to build something new. RCC is basically an Amazon Prime loyalty type service except it costs RCC nothing, its purely based on people being pissed and wanting to get back at the system. I really like the amount of optionality there
The name Gamestop is a misnomer, this should be called Reddit Community Corporation (RCC). What is the value of a community measured in millions (and still growing a lot) in an era where everything is going digital and there is rising inequality? The RCC is actually a way for people to participate in the fuck you to the system by becoming customers, shareholders and supporting the project. The board chairman understands technology, the guy created Chewy. Most redditors love him and love the Kitty guy. GME is going into NFTs, they will also go into other things, probably crypto things. God knows how many opportuties they will have to build something new. RCC is basically an Amazon Prime loyalty type service except it costs RCC nothing, its purely based on people being pissed and wanting to get back at the system. I really like the amount of optionality there
And in the mean time, they should do a stock split. $160 is too much for a share. I come from a finance/economics background, there you are taught that stock splits dont matter. For a long-time I believed that bullshit. No, it does matter.
People aren't robots or computers, even if they can own fractions through Robinhood small holders feel diminished owning 1/10 of GME. They dont feel like they own part of the project, they are not proud of themselves and proud to be members of the community. They wont talk to others about because they would be admitting that they are poor and dont have the money to own a single share and if they do, it wont be with the same enthusiasm.
They want to own thousands of shares or at least a few hundred, etc. With that much they will feel proud, they will talk to others about it, they will have dreams where that stake is worth millions, etc. Getting the float right is crucial and since this is a stock oriented torwards retail investors, it needs to be "cheap".
I think $5-10 is about right, so a 32/16-1 stock split would be perfect. I bet they will eventually do it because retail investors will continue to ask for it
When they do, I bet the stock pops and the economists will write articles how its all irrational and is the result of 0% rates, lmao. There is nothing more useless than an economist
People aren't robots or computers, even if they can own fractions through Robinhood small holders feel diminished owning 1/10 of GME. They dont feel like they own part of the project, they are not proud of themselves and proud to be members of the community. They wont talk to others about because they would be admitting that they are poor and dont have the money to own a single share and if they do, it wont be with the same enthusiasm.
They want to own thousands of shares or at least a few hundred, etc. With that much they will feel proud, they will talk to others about it, they will have dreams where that stake is worth millions, etc. Getting the float right is crucial and since this is a stock oriented torwards retail investors, it needs to be "cheap".
I think $5-10 is about right, so a 32/16-1 stock split would be perfect. I bet they will eventually do it because retail investors will continue to ask for it
When they do, I bet the stock pops and the economists will write articles how its all irrational and is the result of 0% rates, lmao. There is nothing more useless than an economist