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Niamh Oakes Private ID: 71328709
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    Niamh Oakes commented on
    $Upstart(UPST.US)$ It’s not a buy until under $90. They’re predatory, no-moat practice will be obvious by mid 2022
    Additionally, the term A.I. Is getting thrown around way too loosely. Upstart does not have A.I., they have simple algorithms that makes decisions based on past data. This is called simple machine learning and every single lender in the nation could pay a C++ or Java developer $100k/year to accomplish this vetting process. This company is a joke. It’s hilarious that meme crowds are able to take it this high.
    If you are long, I suggest you get out. I said the same thing about $Zillow-C(Z.US)$ and $Peloton Therapeutics(PLTX.US)$ at the top and look at them now. Peloton is only a slightly better company than Upstart, but Zillow is a compelling buy now below $86.
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    Niamh Oakes commented on
    $S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$ A bull market is broadly defined as one that rises over time without falling more than 20% from its peak during the period.
    After the recent correction, the stock market seems to be back on track with the Dow Jones Industrial Average posting its biggest one-week percentage gain since June. The S&P 500 also recorded its largest single-week gain since July.
    There are caveats to add. The 20% fall in 1990 was actually a 19.92% but rounding up has led to a consensus that a new bull market began then.
    You should also note that the definitions are based on closing prices. An intra-day fall in 2011, which took the market down more than 20% from its high, would have broken the current bull market, making it only seven years long.
    Test your knowledge - what defines a bull market?
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    Niamh Oakes commented on
    $Block(SQ.US)$ is exploring the possibility of developing a Bitcoin mining system based on “custom silicon and open source for individuals and businesses worldwide.” SQ shares rose 0.64 % to close at $249 on October 15.
    Square provides credit card payment processing solutions. It also provides reporting, analytics, and next-day settlement.
    In his tweets, Dorsey reiterated the need to decentralize mining to make the Bitcoin network more resilient. Additionally, the executive insists on mining being more efficient, thus ensuring cleaner and more efficient energy use. In a series of posts, the Square executive questions why silicon design is concentrated in a few companies, leading to supply overlay constraints.
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    The theory behind share buybacks is that they reduce the number of shares available in the market and—all things being equal—increase EPS on the remaining shares, benefiting shareholders. For companies flush with cash, the prospect of bumping up EPS can be tempting, especially in an environment where the average yield on corporate cash investments is barely more than 1%.
    In addition, companies that buy back their shares often believe:
    - The stock is undervalued and a good buy at the current market price. Billionaire investor Warren Buffett utilizes stock buybacks when he feels that shares of his own company, Berkshire Hathaway Inc. (BRK.A), are trading at too low a level. However, the annual report emphasizes that Berkshire's directors will only authorize repurchases at a price they believe to be well below intrinsic value.
    - A buyback will create a level of support for the stock, especially during a recessionary period or during a market correction.
    - A buyback will increase share prices. Stocks trade in part based upon supply and demand and a reduction in the number of outstanding shares often precipitates a price increase. Therefore, a company can bring about an increase in its stock value by creating a supply shock via a share repurchase.
    - Buybacks can also be a way for a company to protect itself from a hostile takeover, or signal that the company plans on going private.
    $Facebook(FB.US)$ $Apple(AAPL.US)$ $Microsoft(MSFT.US)$
    $SPDR S&P 500 ETF(SPY.US)$
    I SPY with my little eye...a move to the upside!
    I see a flag/ pennant and consolidation above the .5 Fibonacci retracement level after hitting resistance at the .618 level. It's due for a pop to the upside this week. Then watch the price to tell us where to go from there.
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    $Boeing(BA.US)$ Next measured move.
    50% retracement touch, break above 38.2%. Entry is retest of 50%. i took a position at $208. stops below $193. Pt is 310. Risk to reward around 1:6
    $Apple(AAPL.US)$ The recent bounce at the 141 support line has reached a critical resistance level of 147 indicates it will need to break and hold to continue up.
    Support estimates: 144.30, 141. 40 , 138.50, 135.65
    Resistance estimates: 147.00, 150.00, 152.90, 155.80
    $SPDR S&P Retail ETF(XRT.US)$
    There is a lot of optimising for the plan, this is a feeling I always feel before I enter a trade. The Opposite side has good simple arguments but feels dwarfed against the biased optimism
    I am rejecting the larger concerns of delta or inflation and placing alot on the reaction of Evergrade. Using it as a focal point on market sentiment
    Two days ago 21 Sep - Retail sales showed a rebound despite Delta. +0.7% probably fueled by back to school shopping. Online purchases were the key driver of the sales.
    Employment is down 0.2% and consumer prices increase by 0.3%
    $BABA-SW(09988.HK)$ The reasonable market value is 70% of $JD-SW(09618.HK)$ ’s, which is more reasonable
    $TENCENT(00700.HK)$ The bear market is coming, save your cash and wait for the opportunity.