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the math you’ve done? did you sit on your calculator or something?
Anybody that listened to your long SOXS advice is down about 90%. Most people would be embarrassed, but not you. This in addition to your terrible market timing from 2020 when you predicted the market would drop another 20% at Dow 20k. Then stayed stubbornly short for the biggest market rally in the last 100 years.
But hey, I guess you’re doing ok since 2021. Or whatever arbitrary point you want to pick.
There’s a reason I don’t post to this board anymore. And it’s a real shame, considering I’m up 600% this year. People would benefit from that advice. But I said long ago I wouldn’t post anymore ideas as long as you’re here.
Vaso - lol this scam has 185m shares outstanding and is a reseller of medical equipment. Hardly anything worthy of a sizable multiple on earnings or revenue.
$75m in revenue and a $50m market cap for a one-trick pony, with a history of shady management, seems overpriced, if anything.
The time to buy it was at 0.07. Not 0.27.
Lol, who cares what Wade is doing with his funny money portfolio.
I only care where people are putting actual money.
Volker was raising rates at a time when the debt was low and deficits were also low.
Now that we’re at $30T in debt, that ship has sailed.
The market is calling Powell’s bluff in trying to “talk” down inflation by appearing hawkish. The market knows he can’t raise rates much higher.
Wouldn’t be shocked if we make new highs before the end of the year, as people finally come to grips that cash is trash and you might as well own stakes in companies.
Nobody is saying Wade is faking the returns.
What I have a problem with is that his “managed portfolio” is funny money. There’s a huge difference between trading fake money and real money, as it totally changes your risk tolerance.
Which is exactly why he has 90% of his money sitting in the bank losing 10% to inflation.
Had he actually followed his trades with his real money, or maybe “put his money where his mouth is”, he would be sitting pretty, and I’d be the first to congratulate him. But that’s not the case. He’s bragging about making paper returns. If anything, that would make me mad at myself.
Wade has been saying to short the market since the March lows of 2020. Anybody that has listened to his advice has gotten wiped out.
Of course, with his “managed portfolio”, which is a nice way to say “fake portfolio”, he doesn’t have to worry about running out of money. Once the balance goes to zero he can just start a new one.
I only listen to people who put their actual money in something. Wade has been correct in predicting the recent market declines. But he’s also been predicting it since Dow 20k. Eventually, you’re going to be right.
Exactly. Wade’s “fake” portfolio is doing well. His “real” portfolio is all in the bank losing 10% to inflation.
It’s easy to make huge returns when it’s fake funny money.
BBGI might catch some action off MDIA. Type of stock that is closely held by insiders so could get a big ramp one day. Nearly $9 book too.
Wal-mart's problem is margin compression, not lack of sales. So not sure what that has to do with a recession.
Obviously, inflation is going to hit retail the hardest.
If you buy a $500,000 home in a nice area, your property taxes are likely north of $10k per year. And that’s today. So assuming no increase in property taxes (unlikely), after 25 years you would have paid half the homes value in taxes. In 25 years could that home go up in price? Sure. Or it could stay the same. Or go down.
And that’s not even getting into the $500k you would pay in interest alone on the mortgage over 25-30 years. Also not including any maintenance or insurance.
So a $500k home would probably cost about $1.5m over that 25 year period.
Yea, you have to live somewhere. But this idea that real estate is a good investment is pure BS pushed by mortgage lenders and the real estate industry.
My idea of a good investment isn’t an illiquid, large capital outlay, that I have to pay to keep, and is expensive to sell.
Real estate depends on where you live. In general, all real estate is slowing down. The dramatic increase in mortgage rates have reduced the amount many people can afford for monthly payments, so not a shocker prices are going to come down.
Real estate is typically a terrible investment anyway, unless you just time it perfectly or get in the right area at the right time, or rent the property out. By the time you figure property taxes, maintenance, insurance, and interest costs, most people are significantly underwater on a home after 20 years. The average $300,000 home costs $700,000 over 30 years of mortgage payments. Not to mention the opportunity costs. And then a 5% commission when you decide to sell.
People get sucked in during every bull market in the real estate cycle. Guess it’s the FOMO. It’s easy to buy, and tough to sell.
INBP - added some shares of this. Saw they’re increasing their leased warehouse space by over 50%. Billionaire owns nearly 50% of the stock…think he’ll just buy this out completely.
Smdm - not really sure what’s good about an equity raise at 40% below market. They didn’t need the cash. They only did it to meet shareholders equity requirements for Nasdaq. Taking a 40% hit to get on the to Nasdaq is not worth it, imo.
Smdm - not sure what possessed them to move to the Nasdaq in this environment. They would have been safer on the OTC.
What a great way to make your debut by doing a massive equity raise at 40% below market.
Well considering the Nasdaq is already off 30% and most small caps are off 50%+, I’d say the “doom” has already happened.
Unless you think stocks are going to 0, which I myself do not.
Too bad wade has been bearish since Dow 20k. Meanwhile my portfolio is up 500% since April of 2020, and that’s even after this latest pullback.
INBP - decent quarter considering they had a tough comp. I was expecting revenue closer to Q4 levels of around $14m. Came in closer to $16m
EPS of $0.03 so I think the stock looks attractive in the low $0.70s.
Anything below 1 would be really cheap as the cash on hand would be worth more than the current market cap. Depending on the business I’d say anything below 1.5 or 2 is cheap. Most companies aren’t keeping a lot of cash on hand in a low interest rate environment. Depending on the business it’s hard to define expensive also…lots of companies can operate with very little cash requirements if they have access to credit facilities.
And usually companies that are trading at low ratios like this have other problems…sometimes they don’t but the market isn’t generally stupid. It’s a question of how many warts you’re willing to accept.
FB - up nearly 20% AH
EVOL - just doesn’t seem investable to me. Yeah it’s trading way below cash, but I think it’s more likely than not that they just use that cash to line their own pockets.
Nasdaq listing fees aren’t even that expensive, so that’s no excuse to delist. Only reason they don’t want to be on the Nasdaq is so there’s no oversight into what will likely be some self dealing.
Wow impressive. How convenient you leave out the fact you got gutted in 2020 and 2021 while a monkey with a dart board was up triple digits.
Considering you’ve been hilariously wrong, I don’t put much weight in your predictions. In fact, I’ve made lots of money doing the opposite of what you’re doing. You’re a good contrarian indicator tho.
So in addition to the 8% you’re losing to inflation by sitting in cash, you’re now also getting your dink knocked in by being short. I’ve got my popcorn ready.
Dow 100k by 2030.
Interesting, considering the market has monkey hammered you for the last 10%. (And really the last 75%, since your infamous April 2020 prediction that the market would lose another 50% off the 20k level)…which I still maintain is the worst call in this Board’s history.
INBP - green now. Looked like a small order of about 2k shares took it down in the morning. Stock is trading for a single digit p/e. Not glamorous, but I think it will go higher over time,
Get it thru your head. The Fed is not interested in inflation. In fact, inflation is their best friend in erasing $30T in debt that we have no way of paying back. And oh by the way every 1% rise in rates adds $300B to the deficit.
Sit in cash or go short at your own peril. Risk assets are only going higher. We’ll see Dow 100k before we see Dow 30k.
You don’t think the market has priced that in? Lol, better not let anyone in on your secret
Not sure why gold is up. USD is strong which is why stocks are weak, but a strong USD is bad for gold. Not to mention Russia may have to sell their gold reserves to raise cash. Feels like a head fake.
Market will respond favorably to talks between Russia and Ukraine.
Commodities might get hammered tho. Russia’s currency is collapsing and they will probably have to sell gold.
I remember when you were “going to the bank to short more” in April 2020 at Dow 22k
Market climbs a wall of worry.
nah, still way too many bears and people sitting in cash
I didn't notice anything.
Grantham has predicted about 200 of the last 2 crashes. No surprise you agree with him. You also expected the market to crash another 50% off the 20k level 2 years ago. Possibly the worst call in ihub history.
I still don't believe the Fed is serious about wanting to tackle inflation. Inflation is their best friend in getting out from under $30T in debt.
They don't want inflation running over 10% where it could tip into hyper inflation, but I think they're more than happy with 5-7%.
Nobody can be sure what they will do, but at 3% rates that essentially adds another $1T to a yearly deficit...I don't think there's much appetite for that in Washington.
I think their playbook is going to be to hike a few times and hope that does enough to slow down the velocity of money...then settle in for a decade of relatively low rates and relatively high inflation.
Fed won't hike 50. Inflation is already starting to come down...mostly because the Fed is talking up rate hikes. Like I've been saying, what the Fed says and what it does are two different things. They don't want to raise rates substantially with $30T in debt.
So yeah, maybe they get rates to 2-3%...if inflation is 5% you're still losing money.
There's literally hundreds lol. Tons of micros down 80-90% from last year's levels.
Feels like worm turning in a lot of the beaten up micros. Selling looks exhausted.
CTHR - terrible Q. Net income declined over 50% in what is their seasonally strongest quarter.
AMZN - Wow up $500. Reports of the market's death greatly exaggerated.