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12 May 2019, 02:46 AM | #1171 |
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__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
12 May 2019, 03:06 AM | #1172 |
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Invest in the mouse...…..got in Disney at $100-plan on holding it long term.
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12 May 2019, 03:34 AM | #1173 | |
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Quote:
Long term too. But for the most part, I’m only long term.
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12 May 2019, 10:39 AM | #1174 |
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13 May 2019, 10:42 PM | #1175 |
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i never tried to flip.
but i did sell before the 2016 election. and regret it. for now, i am buying only as long term holds. just bought 250 shares of uber. I don't see how that can't go up over the long term. i just don't see it.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
13 May 2019, 11:27 PM | #1176 |
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-Uber-
Horrible decision
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14 May 2019, 12:21 AM | #1177 |
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14 May 2019, 01:28 AM | #1178 |
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Well that’s bad for me I suppose.
But I still can’t imagine them not doing well in the long term.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
14 May 2019, 02:01 AM | #1179 |
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I'm all about long-term holds too. I regret not buying RACE in December 2018 when it was down to roughly $95 US per share.
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14 May 2019, 02:05 AM | #1180 |
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"Judging by different metrics"
I believe this sounds a little familiar - shades of the dot com days. Being in the software world, I remember oh too fondly the days of judging by different metrics. |
14 May 2019, 02:37 AM | #1181 |
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14 May 2019, 02:44 AM | #1182 | |
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How many rides are they giving. How many members. Long term, I just don’t see these guys bursting. They just have too much dependent on them already. And as they grow other services such as Ubereats I see them only growing. Besides that, they have so many markets to grow into. I’m excited to have it.
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If happiness is a state of mind, why look anywhere else for it? IG: gsmotorclub IG: thesawcollection (Both mostly just car stuff) |
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14 May 2019, 03:58 AM | #1183 | |||
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Quote:
Quote:
I also hope Elon Musk listens to his Twitter Sitter Quote:
I think your strategy is a good one considering the circumstances. Any potential Uber had was pretty much going to be a long-term time horizon from the get go. They've got some incredibly difficult obstacles to overcome though. The business model is broken in some ways, and the losses they posted from several years back is the main one. In this CNBC interview Dara basically said he's opposed to raising fees (which is understandable from a churn rate perspective with riders), but that he was pretty much waiting for costs to come down (vehicle operations). This would essentially mitigate the war brewing with drivers over compensation and hopefully reduce the annual losses. Not an easy task but interesting to hear him address: It could potentially be a rough ride as we're seeing from the failed IPO (the words of several analysts). For the sake of the investors it would be nice for some press releases on future plans to restore the confidence of most out there. I'm still a contrarian here in many ways but that doesn't at all mean that this can't work out well for you in a few years time, I really hope it does. At the end of the day if your invest thesis changed at all you could always use potential losses to offset your capital gains with some tax loss harvesting / selling. With either outcome I'm sure you'll do well. |
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14 May 2019, 04:07 AM | #1184 |
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15 May 2019, 07:36 AM | #1185 | |
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Quote:
Uber is just an app. It has no assets besides servers (& data). Haemorrhaging cash, it has never made a profit because it has discounted its rides to gain market share & hoping to put competitors out of business (who are still there). Selling a $ for .60c. The moment it raises rates its customers disappear to other similar services, of which there are many. Uber is full of smoke and mirrors & b@$%%it (flying cars anyone?). Always something just over the rainbow to keep it in the news and usually to cover bad news somewhere else in the org. This IPO was a way for early investors to exit... |
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15 May 2019, 07:46 AM | #1186 | |
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But, in my areas at least, and in every airport I land at, Uber is the preferred means of transportation. And in my area anyway, it has transformed the food delivery industry. And it appears to me that they have endless markets they haven’t tapped into yet. Along with an endless supply of drivers providing their own cars and insurance etc. I suppose time will tell. I don’t buy a lot of anything. I couldn’t buy a new Daytona from an AD with what I bought. I think it worth the risk.
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15 May 2019, 07:49 AM | #1187 |
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^^^
And fwiw, I build distribution centers for a living. Amazon is being replicated everyday. Yeah, they are absolute monsters and at the top of the game. Yet their business model is being copied time and time again. I know it because I’m one if the many people in my industry doing it.
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15 May 2019, 08:40 AM | #1188 | |
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So this time next week there will be seven new 'Amazons'. And in a year... With all due respect (and I do mean respect) a distribution centre does not make an Amazon. Whereas as an app and a bit of marketing does make an Uber, Lyft, Didi, Gett, MyTaxi, TaxiApp, MiWhip, Ola, etc etc etc. And all on the same smartphone too. Uber has gone for a land grab but there is zero customer loyalty, besides the discount coupons. The 'Kool Aid' has long worn off. It simply can't continue burning cash as it has been and it's not a new company anymore. It hasn't put its competitors out of business, it can only raise rates. Then it's goodbye to the riders. That's its conundrum. And driverless cars are a looong way off. I can't see it ever turning a profit especially with all the employment status lawsuits that are shortly coming home to roost. But what do I know. Only my 2 cents. No more or less valid than anyone else's. Only time will tell. |
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15 May 2019, 09:01 AM | #1189 |
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FWIW, I have noticed UBER is less and less competitive on price in NYC. I used to use it at least 15+ times per week, often more and usually to the airport. I still use Uber, but less and less. Lyft, Via, Juno, or even yellow cabs. Just depends on pricing. I cannot be the only one who noticed and altered their behavior as well.
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15 May 2019, 09:12 AM | #1190 |
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My two cents on Uber
I think that Uber is artificially underpricing its rides in an attempt to put yellow cabs out of business. They are doing a good job of terminating yellow cabs, but how do they compete with Lyft and other ride sharing apps? If they are losing billions now, how do they turn it around? I suspect that they want to knock out as many competitors as possible, then raise prices.
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15 May 2019, 09:13 AM | #1191 |
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I like UCTT, got in at $9 plan on riding it to $30
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15 May 2019, 11:07 AM | #1192 | |
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But you are right. A DC does not make an Amazon. But their business model is to create better ways to move products. They do that through technology and efficiency. And a lot of competitors have picked up that ball and are running wit it. Including monsters such as Target, Walmart, Macys,TJX and so many more. I think the draw to Uber is the convenience. I don’t use it to save money. I use it because it’s fast and easy. That all said, I admit fully, I’m likely wrong. But I like this as a risk. I can’t lose too much. But I do feel like I stand to gain a lot.
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15 May 2019, 11:45 AM | #1193 |
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I’m not a stock picker and certainly wouldn’t take stock picking advice from forums, but please take the emotions out of stock picking
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16 May 2019, 12:55 AM | #1194 |
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In Tesla. Lets go
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16 May 2019, 07:10 AM | #1195 |
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Stick to gold, call me old school but if I can't see it I won't put my money in it.
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16 May 2019, 08:58 AM | #1196 | |
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Well you can see real estate and Rolexes Sent from my iPhone using Tapatalk Pro
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Does anyone really know what time it is? |
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20 May 2019, 09:01 PM | #1197 |
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It's really strange to see graphics like this for Uber
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22 May 2019, 11:51 AM | #1198 |
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22 May 2019, 01:31 PM | #1199 | |
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Talking stocks, trading, and investing in general
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In the past 8-days a few good articles with some very encouraging results were put out. https://finance.yahoo.com/news/heron...123000080.html https://finance.yahoo.com/news/heron...131300340.html Closed Today at: $18.32
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22 May 2019, 09:46 PM | #1200 | |
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Use dollar cost averaging... buy a little bit more as time goes on to even out your cost basis. In the past couple of weeks, the stock seems to creep upwards regardless of what the broader market is doing. It's a relatively inexpensive stock, so you can pick up 500 shares for less than the cost of a used Submariner. Buy a bunch of stock every few weeks and hope for the best. If it doesn't work out, we'll all show up at Larry's house with pitchforks and torches.
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