REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 04-18-2020, 05:34 PM   #10351
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 151 Times in 50 Posts
you guys thinking that waiting until Q2 results are out to start buying?

that is unless you're able to day trade and profit on the ups/downs in the mean time?
Advertisement
blkgsr is offline   Reply With Quote
Old 04-19-2020, 12:09 PM   #10352
My homepage has been set to RS
 
Join Date: Jun 2008
Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
Failed 59 Times in 28 Posts
Quote:
Originally Posted by blkgsr View Post
you guys thinking that waiting until Q2 results are out to start buying?

that is unless you're able to day trade and profit on the ups/downs in the mean time?
pretty much for me. Waiting till Q2.

And for the ones applying for CERB, that's dumb. Easily auditable if you have a legit income source and risk being audited in future tax years, for what? 2000/month?

Don't be part of the problem
subordinate is offline   Reply With Quote
Old 04-20-2020, 11:54 AM   #10353
Say! Say! Say!
 
Razor Ramon HG's Avatar
 
Join Date: Aug 2005
Location: Japan
Posts: 15,438
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
Oil is fucked.
__________________
Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
Quote:
Originally Posted by 89blkcivic View Post
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
Razor Ramon HG is offline   Reply With Quote
Old 04-20-2020, 12:28 PM   #10354
RS.net, helping ugly ppl have sex since 2001
 
sonick's Avatar
 
Join Date: Oct 2005
Location: Revscene
Posts: 9,616
Thanked 7,647 Times in 2,565 Posts
Failed 434 Times in 126 Posts
How does oil even get that low?
__________________
Quote:
Originally Posted by skyxx View Post
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold

100% Buy and Sell Feedback
sonick is offline   Reply With Quote
Old 04-20-2020, 12:53 PM   #10355
RS has made me the bitter person i am today!
 
Join Date: Nov 2010
Location: /
Posts: 4,883
Thanked 2,595 Times in 1,001 Posts
Failed 253 Times in 72 Posts
what are the consequences of these oil prices
__________________


2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
Gerbs is offline   Reply With Quote
Old 04-20-2020, 01:25 PM   #10356
I answer every Emotion with an emoticon
 
Join Date: Nov 2002
Location: 604
Posts: 7,992
Thanked 4,432 Times in 2,128 Posts
Failed 296 Times in 140 Posts
So when I go fill up, Shell will pay me instead?
whitev70r is offline   Reply With Quote
This post thanked by:
This post FAILED by:
Old 04-20-2020, 01:43 PM   #10357
RS controls my life!
 
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
Failed 62 Times in 18 Posts
Its because the futures contract rolls tomorrow and nobody wants delivery of the oil next month because there is no more capacity to store oil anywhere including refineries so everyone needs to get out of their positions. That's why energy companies have only dropped ~3% despite the -200% collapse in oil. Brent is also still fine.
GGnoRE is offline   Reply With Quote
Old 04-20-2020, 07:58 PM   #10358
I answer every Emotion with an emoticon
 
6793026's Avatar
 
Join Date: Apr 2004
Location: BC, HK, USA
Posts: 7,503
Thanked 2,424 Times in 1,018 Posts
Failed 166 Times in 73 Posts
Let it crash... someone has to lose and clearly Saudi says F U Canada.

It's at max capacity = lowering price to purge ain't working due to zero global demand... Guess econ 103 student never realized this theories / doesn't work at abnormal / extreme situations.
6793026 is offline   Reply With Quote
Old 04-20-2020, 08:17 PM   #10359
I contribute to threads in the offtopic forum
 
SpeedStars's Avatar
 
Join Date: Jul 2012
Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
So....who here shorted USO
__________________
'16 WRX

'93 GSR

'99 EXPEDITION
SpeedStars is offline   Reply With Quote
Old 04-21-2020, 08:19 PM   #10360
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,756
Thanked 15,072 Times in 6,030 Posts
Failed 2,068 Times in 693 Posts
Bought into Corning today

Seems like apt timing as trump announced he wants to push broadband into rural communities throughout the states
__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
Old 04-28-2020, 02:52 PM   #10361
RS.net, helping ugly ppl have sex since 2001
 
sonick's Avatar
 
Join Date: Oct 2005
Location: Revscene
Posts: 9,616
Thanked 7,647 Times in 2,565 Posts
Failed 434 Times in 126 Posts
Quarterly earnings coming out this week. Any predictions of where the market's gonna go?
__________________
Quote:
Originally Posted by skyxx View Post
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold

100% Buy and Sell Feedback
sonick is offline   Reply With Quote
Old 04-29-2020, 07:05 AM   #10362
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 151 Times in 50 Posts
seems like everyone is thinking it's going to be ok because all i see if everything going up...oil/banks etc
blkgsr is offline   Reply With Quote
Old 04-29-2020, 11:00 AM   #10363
SFICC-03*
 
Join Date: Mar 2002
Location: richmond
Posts: 8,404
Thanked 2,872 Times in 1,155 Posts
Failed 153 Times in 76 Posts
i mean surely missed earnings are baked into the market direction already? we'll probably see a down day but i don't think that's gonna be the straw the breaks the bulls back. once the wage benefits dry up and people still can't go back to work in big numbers, thats when surely the market has to start mirroring the economic situation. then again this whole month has shown me that i know nothing about the market!
unit is offline   Reply With Quote
Old 04-29-2020, 12:36 PM   #10364
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 151 Times in 50 Posts
all i know is i'm having a major case of the shoulda-coulda on some stocks i'm been following...stupid me
blkgsr is offline   Reply With Quote
This post thanked by:
Old 04-29-2020, 12:58 PM   #10365
SFICC-03*
 
Join Date: Mar 2002
Location: richmond
Posts: 8,404
Thanked 2,872 Times in 1,155 Posts
Failed 153 Times in 76 Posts
its ok that's always the case when you are in the market.. we all woulda been rich by now if we knew when to buy and sell.
unit is offline   Reply With Quote
Old 04-29-2020, 01:08 PM   #10366
I contribute to threads in the offtopic forum
 
SpeedStars's Avatar
 
Join Date: Jul 2012
Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
Almost everything is green today despite dismal earnings reports. Seems like a recovery/bailout was priced in this week.


RECESSION'S OFFICIALLY CANCELLED
__________________
'16 WRX

'93 GSR

'99 EXPEDITION
SpeedStars is offline   Reply With Quote
Old 04-29-2020, 02:00 PM   #10367
2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
 
HonestTea's Avatar
 
Join Date: Aug 2005
Location: Vancouver
Posts: 7,056
Thanked 1,286 Times in 594 Posts
Failed 65 Times in 37 Posts
Riding the wave up

TSLA is insane..
HonestTea is offline   Reply With Quote
Old 04-29-2020, 02:51 PM   #10368
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Posts: 37,756
Thanked 15,072 Times in 6,030 Posts
Failed 2,068 Times in 693 Posts
Man, if i had bought Tesla when i liked it at $72 could have probably bought a new Tesla with my profits lol.. literally had my finger on the buy button in my account and it jumped to 76 and i didnt like it at 76 lol

__________________
Dank memes cant melt steel beams
Hondaracer is offline   Reply With Quote
This post thanked by:
Old 04-29-2020, 06:38 PM   #10369
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 151 Times in 50 Posts
Quote:
Originally Posted by HonestTea View Post
Riding the wave up

TSLA is insane..
jesus it's doubled almost since the initial Covid drop in march
blkgsr is offline   Reply With Quote
Old 04-29-2020, 08:44 PM   #10370
Ready to be Man handled by RS!
 
Join Date: Dec 2009
Location: Vancouver
Posts: 94
Thanked 1 Time in 1 Post
Failed 0 Times in 0 Posts
Quote:
Originally Posted by Ulic Qel-Droma View Post
bull traps.
Still think it's a bull trap? lol
buffon is offline   Reply With Quote
Old 04-30-2020, 10:07 AM   #10371
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 151 Times in 50 Posts
for the banks, while the big drop has passed, do you think that Q2 reports will cause them to drop further?
blkgsr is offline   Reply With Quote
Old 05-01-2020, 02:50 PM   #10372
I answer every Emotion with an emoticon
 
Join Date: Nov 2002
Location: 604
Posts: 7,992
Thanked 4,432 Times in 2,128 Posts
Failed 296 Times in 140 Posts
Quote:
Originally Posted by HonestTea View Post
Riding the wave up

TSLA is insane..
whitev70r is offline   Reply With Quote
Old 05-01-2020, 03:23 PM   #10373
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,668
Thanked 763 Times in 384 Posts
Failed 151 Times in 50 Posts
855 to 700 since yesterday...ouch
blkgsr is offline   Reply With Quote
Old 05-01-2020, 05:04 PM   #10374
Hacked RS to become a mod
 
SkinnyPupp's Avatar
 
Join Date: Feb 2002
Location: Sunny Hong Kong
Posts: 53,444
Thanked 24,471 Times in 8,514 Posts
Failed 1,536 Times in 684 Posts




$14 billion tweet
SkinnyPupp is offline   Reply With Quote
Old 05-01-2020, 09:31 PM   #10375
RS has made me the bitter person i am today!
 
Hehe's Avatar
 
Join Date: Dec 2002
Location: YVR/TPE
Posts: 4,803
Thanked 2,888 Times in 1,241 Posts
Failed 626 Times in 198 Posts
But isn't it true?

I'd go as far as saying, replace Tesla with any company currently trading, I'd still think the statement holds.

There's neither a clear treatment for the coronavirus nor a viable (as in proven to work on animals) vaccine in route. This virus is going to stay with us for a while.

Now, we have 2 options:

1. Keep the economy closed, watch all the jobs evaporate in 3 month and all gov't prepare some sort of Universal Basic Income to ensure some sort of civilization.

2. Open the economy (now that most people are aware that this virus is SERIOUS) and deal with the virus as we go with shitty performance (hence stock prices) on pretty much the entire economy. But at least you have an economy.

IMHO, option 2 is the way to go. Yes, there'd be a second wave. However, I think with a lot of precaution in place, the spread can be controlled to a manageable level. By keeping the whole world locked up, there's a severe psychological and economical effect on the entire economy.

I've said it before, wait until the result of Q2 and then make your decision by then. Anything prior to that is just pure speculation. There's NOTHING that supports a quick turnaround of world economy. As a matter of fact, I think a depression is more likely than just a recession. Yes, there's money to be made in this lunacy of bulltrap runs, but also come at a huge risk. And for what? If the next bull-run is the same as we last had, the difference would be making a 250% return when you wait vs. 300% if you don't (and turn out to be right). So, unless you are purposely strategizing your purchase (buying your way down), or you have allocated capital for high-risk trades. I wouldn't do more than 10% in this climate. Again, there'd be good chance to make money if one just wait, granted it wouldn't be as good of a return, but then, only take as much risk that you can tolerate.

Now back to Tesla. I agree with the statement, even as a TSLA shareholder. The current flagship Fremont factory is shut down. With only GF3 in operation in China, TSLA can probably do 30% of total output if lucky. And as a HUGE shareholder like Musk, he'd be pissed of not able to re-open the economy already. Yes, health is the utmost priority. However, if the vast majority of people (pretty much anyone outside of the top 5% in our population) have to suffer and pretty much beg for food, I don't see it to be any BETTER than re-opening RESPONSIBLY.

Taiwan has shown clearly that if the majority of the population is willing to cooperate with preventative measures, there's no need to keep the economy locked. Taiwan never did (except locking up the island, which we could do more or less the same, just on a much larger scale).

I, for one, admire that Elon Musk actually had the cojones to say what he meant and be TRUE to what he thinks. One might not like what he has to say, but at least he's genuine on what he says.
__________________
Nothing for now
Hehe is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 02:01 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net