Suggestions for a speculative punt?

Thrugelmir

adindas said:

csgohan4 said:

what's going on with NIO and Xpeng, they have had large drops

"Congress has cleared bill to ban trading in Chinese firms that does not comply withthe US requirement"

https://www.politico.com/news/2020/12/02/congress-clears-bill-to-ban-trading-in-chinese-firms-that-thwart-us-auditors-442362

"The legislation would require foreign companies to provide access to U.S. auditors to inspect their financial reports or else risk being prohibited from trading on any U.S. stock exchange or over-the-counter market."

"Congress also directed that the SEC rules require new disclosures from these companies, including whether they are under government control, have Chinese Communist Party officials on their corporate boards, and have any shares owned by governmental entities."

If they do not comply with the US requirement they have up to three years to comply.

I fully believe that the chinese stock own by big companies like Alibaba,  Nio, XPeng, JD, Tencent will comply given three years time is long enought. But the market have reacted negatively following this news and will impact on your return on these stocks.

What I have been doing sofar is to trim my position to reduce my exposure and taking some profit to chinese stocks. I will try to reeenter or adding my position back  again when the market has been stabilized and there is a news/declaration that they have complied with the US requirement.

It will be costly to reeenter but imho it is better rather than watching your profit is eaten day by day.

But at the same time it might be a good entry point for those who wanted to have a chinese stock exposures. After they have been cleared you will be rewarded. But do it with your own risk.

Nio and Xpeng only have US listings apparently. Be a lot of Chinese stocks moving to the HK exchange. 

adindas

Apodemus said:

I'm afraid, if you are asking that sort of question, you might be best to avoid putting money into this sort of stock.  I certainly wouldn't advise you to invest much on the say-so of random people on the internet.

Very good point. It is also applicable to someone claiming himself as a financial analysist. Let alone, the advice from random people you do not know on the internet.

Even they are analysts, you will find out MANY times that when you follow their advice, you are making a loss.

You should always need to do your own due diligence. At the end of the day it is your own money you are investing.

As mentioned by bowlhead99 There is never any certainty in investing money speculatively into individual stocks, and therefore you need to put yourself in charge, controlling your risks and reward.

I learn this quote from someone and that is also what I have been doing

“Learn from everyone, follow no one”

bowlhead99

adindas said:

"The legislation would require foreign companies to provide access to U.S. auditors to inspect their financial reports or else risk being prohibited from trading on any U.S. stock exchange or over-the-counter market."

"Congress also directed that the SEC rules require new disclosures from these companies, including whether they are under government control, have Chinese Communist Party officials on their corporate boards, and have any shares owned by governmental entities."

If they do not comply with the US requirement they have up to three years to comply.

I fully believe that the chinese stock own by big companies like Alibaba,  Nio, XPeng, JD, Tencent will comply given three years time is long enought. But the market have reacted negatively following this news and will impact on your return on these stocks.

What I have been doing sofar is to trim my position to reduce my exposure and taking some profit to chinese stocks. I will try to reeenter or adding my position back  again when the market has been stabilized and there is a news/declaration that they have complied with the US requirement. 

That seems off the mark - looking at the market for my Tencent shares they had closed the previous session at HKD574, but after Congress cleared the legislation yesterday they opened at 584 and closed at 589.  The entity issuing shares is a Cayman holding company listed in Hong Kong and audited by PwC Hong Kong with a billion customers, tens of billions of dollars of revenues, and several hundred billion dollar valuation.

Even if Trump signs off the new law, it's pretty unlikely that they're going to end up being barred from being traded OTC in the US, and if the timeline is 3 years they probably won't be particularly quick to 'declare' that they have complied with the disclosure points, as there's no rush to do so.

For some relative minnows whose shares aren't actually traded on any stock exchange and only have some ADRs listed in the US, they will probably be keener to comply.

ElephantBoy57

bowlhead99 said:

There is never any certainty in investing money speculatively into individual stocks, but you at least have a chance of controlling your risks and understanding what you're getting into if you do some thorough research for yourself. If you rely on someone else telling you what they would do, you're on the back foot.  Of the two, I don't hold Nikola.

The title of this thread should mean that Cashmoney is aware of the risks.

I like to hold individual shares, I have just bought into Biffa having sold Cineworld, with only a 10% profit in a couple of weeks. I know nothing about Biffa except that its a waste management company, which should make profits, dispite COVID.

Are you guys going to judge me, you that are buying these risky shares?

Old_Lifer

Investing in individual shares is risky  but research lessens the risk.   The more research you do , the less the risk becomes but since the unexpected can always happen you can by no means eliminate the risk.    Research  beforehand  has often stopped me making costly mistakes.   Research should be ongoing.  It may indicate that a share is worth buying but may also indicate a time to sell a share.  

csgohan4

ElephantBoy57 said:

bowlhead99 said:

There is never any certainty in investing money speculatively into individual stocks, but you at least have a chance of controlling your risks and understanding what you're getting into if you do some thorough research for yourself. If you rely on someone else telling you what they would do, you're on the back foot.  Of the two, I don't hold Nikola.

The title of this thread should mean that Cashmoney is aware of the risks.

I like to hold individual shares, I have just bought into Biffa having sold Cineworld, with only a 10% profit in a couple of weeks. I know nothing about Biffa except that its a waste management company, which should make profits, dispite COVID.

Are you guys going to judge me, you that are buying these risky shares?

ElephantBoy57 said:

bowlhead99 said:

There is never any certainty in investing money speculatively into individual stocks, but you at least have a chance of controlling your risks and understanding what you're getting into if you do some thorough research for yourself. If you rely on someone else telling you what they would do, you're on the back foot.  Of the two, I don't hold Nikola.

The title of this thread should mean that Cashmoney is aware of the risks.

I like to hold individual shares, I have just bought into Biffa having sold Cineworld, with only a 10% profit in a couple of weeks. I know nothing about Biffa except that its a waste management company, which should make profits, dispite COVID.

Are you guys going to judge me, you that are buying these risky shares?

Each unto their own, one man's meat, is another man's poison

Your an adult and you can do what ever you want with your money, but sadly some are not aware of the risks and invest what ever the wind blows. 

As long as due diligence is done, your investment should grow, if you just took a punt, good luck. This is the speculative thread after all. 

I am holding onto my CIne world shares, poured more money into them than IAG. Up on 80% on IAG and 30+% on CINE, happy with things have turned out, but as with individual stocks, tomorrow, the stock could halve, it's volatile and I accept that. 

Another_Saver

Old_Lifer said:

Investing in individual shares is risky  but research lessens the risk.   The more research you do , the less the risk becomes but since the unexpected can always happen you can by no means eliminate the risk.    Research  beforehand  has often stopped me making costly mistakes.   Research should be ongoing.  It may indicate that a share is worth buying but may also indicate a time to sell a share.  

Doing more research lessens the risk? Aside from the bare minimum to avoid dumb things I think it's more down to luck or sticking to what you know. You're suggesting that returns are correlated with skill, a statement with as much evidence behind it as the predictive power of horoscopes.

csgohan4

Another_Saver said:

Old_Lifer said:

Investing in individual shares is risky  but research lessens the risk.   The more research you do , the less the risk becomes but since the unexpected can always happen you can by no means eliminate the risk.    Research  beforehand  has often stopped me making costly mistakes.   Research should be ongoing.  It may indicate that a share is worth buying but may also indicate a time to sell a share.  

Doing more research lessens the risk? Aside from the bare minimum to avoid dumb things I think it's more down to luck or sticking to what you know. You're suggesting that returns are correlated with skill, a statement with as much evidence behind it as the predictive power of horoscopes.

Another_Saver said:

Old_Lifer said:

Investing in individual shares is risky  but research lessens the risk.   The more research you do , the less the risk becomes but since the unexpected can always happen you can by no means eliminate the risk.    Research  beforehand  has often stopped me making costly mistakes.   Research should be ongoing.  It may indicate that a share is worth buying but may also indicate a time to sell a share.  

Doing more research lessens the risk? Aside from the bare minimum to avoid dumb things I think it's more down to luck or sticking to what you know. You're suggesting that returns are correlated with skill, a statement with as much evidence behind it as the predictive power of horoscopes.

But research does reduce the risk, but not down to 0%, look at Nikola as a prime example, ANother Joe did his due diligence and didn't invest in itand look at where the company is heading. You want to at least try not to back the wrong horse. 

Returns are a different matter, research does help  with returns, but with speculation, your trying not to put money into a non starter or one that will be bankrupt very shortly

It would be folly to put money into debenhams a year ago looking at their balance sheets and the current consumer market as an example. Just because they are well known, doesn't mean they are good for investing. Another example would be BT 

adindas

csgohan4 said:

I am holding onto my CIne world shares, poured more money into them than IAG. Up on 80% on IAG and 30+% on CINE, happy with things have turned out, but as with individual stocks, tomorrow, the stock could halve, it's volatile and I accept that. 

CINEworld is it not the stock we are taking here before in this thread??

I just chek it my CINEworld has gone up to 60% . I have a small position in Easyjet, but unfortunately I have not managed to enter IAG. I have set up a limit order which wil be triggered once that price level is reached.

csgohan4

adindas said:

csgohan4 said:

I am holding onto my CIne world shares, poured more money into them than IAG. Up on 80% on IAG and 30+% on CINE, happy with things have turned out, but as with individual stocks, tomorrow, the stock could halve, it's volatile and I accept that. 

CINEworld is it not the stock we are taking here before in this thread??

I just chek it my CINEworld has gone up to 60% . I have a small position in Easyjet, but unfortunately I have not managed to enter IAG. I have set up a limit order which wil be triggered once that price level is reached.

yeah, CINE ticker. 
I made mistakes on the way as I only entered investing a few months after covid. Could have made more I guess, those 27p CINE would have been useful, but hey ho,  they have potential to go up in the next 5 years. 

I hate the short sellers who make the price volatile, Glad I didn't pick up Rolls royce, that was a short sellers pipe dream

If it wasn't for the Covid, I probably would have dumped them into Tesla, SMT, Tencent