STOCKS Stocks and investment thread
- Thread starter sincity
- Start date
Seviroth
oooh weee
Added to my watchlist, they deffo have some upside potential along with wish, which I initiated a position in at $18.
Apollo
Staff Member
It doesn't always go up though, here is the price history of the dow jones since 1950 adjusted for inflation:
1966-1983, 1987, 2000-2003, 2008-2009 were shitty times.
Seviroth
oooh weee
It doesn't matter recoveries always happen.It doesn't always go up though, here is the price history of the dow jones since 1950 adjusted for inflation:
1966-1983, 1987, 2000-2003, 2008-2009 were shitty times.
Apollo
Staff Member
It depends, most of those recoveries were short, but the 1966-1983 one was extremely long.
Also regionally things may be different, Japan still hasn't recovered its December 1989 high and is still -65% underwater in real terms (inflation adjusted).
Apollo
Staff Member
Just playing Peter Schiff here. Do you listen to permabears? Lol, I sometimes check out what they say for entertainment value.
Seviroth
oooh weee
That's japan totally different.It depends, most of those recoveries were short, but the 1966-1983 one was extremely long.
Also regionally things may be different, Japan still hasn't recovered its December 1989 high and is still -65% underwater in real terms (inflation adjusted).
They had great years in 1990's.
There economy never recovered after they stopped being innovative. Plus most Japanese people hold cash and don't invest which doesn't help.
Apollo
Staff Member
Its their demographics. They are the oldest developed country (demographically) and don't allow for immigration. Their 1980s performance was a bubble.
Seviroth
oooh weee
Blackberry stock is about to rocket, it is a halal stock.
Apollo
Staff Member
Nouriel Roubini is a notorious crypto bear, check out his twitter. He's an Italian Jew with a funny accent dunking on crypto.Looool no
why would I listen to bears.
''Crypto is the Mother of All Scams and (Now Busted) Bubbles - While Blockchain Is The Most Over-Hyped Technology Ever, No Better than a Spreadsheet/Database'' by Nouriel Roubini.
A good/funny read.
Apollo
Staff Member
Lucid will be a Banu Hashim and Wahhabi approved stock. They literally own 50% of this company.
Ironically, Lucid will be building a factory near Mecca:
King Abdullah Economic City - Wikipedia
en.wikipedia.org
Lucid Motors plans EV factory in Saudi Arabia - electrive.com
Lucid Motors is in talks with Saudi Arabia’s sovereign wealth fund to build an electric vehicle factory near the Red Sea port city of Jeddah, according to a media report. A second location in the country is also reportedly under consideration. Bloomberg reported the plans for the new factory in...
www.electrive.com
sincity
VIP
I don't think they've produced a car before. Same as Nikola, Rivian etc so I wouldn't buy it. Saudis are trying to compete with Tesla after dumping all their Tesla stocks right before the rally. That must hurt.@ozzyoz @sincity
What do you guys think of the CCIV ticker merging with Lucid Motors rumors?
Check google trends Saudi Arabia for CCIV, very suspicious behavior.
This is the closest thing to a Tesla competitor and we all know what Tesla did in 2020.
Saudi Arabia's sovereign wealth fund owns 50% of Lucid Motors. Next Monday 10 AM EST the governor of KSA's wealth fund will speak on CNBC:
Saudi-Backed Lucid in Talks for Electric Car Factory Near Jeddah
www.bloomberg.com
That Arab money.
Apollo
Staff Member
What bitcoin and altcoins have thought me is that when one market element becomes successful (Tesla, Bitcoin), then similar things also get pumped and people try to repeat it (other EV companies or in the case of crypto: alts).I don't think they've produced a car before. Same as Nikola, Rivian etc so I wouldn't buy it. Saudis are trying to compete with Tesla after dumping all their Tesla stocks right before the rally. That must hurt.
Apollo
Staff Member
Too dangerous.
