Stock Market is the bottom in?

[H20fwler]

But aren't most the developed countries importing the 3rd world? What happens then? America is growing in minorities.

I have been reading some internet chatter that if it wasn't for the 3rd world illegals the US population would be taking a downturn.

 

[Telemark]

Is that for real? I thought the 3rd world and Muslims breed like rabbits.

Yes. India has leveled off, and China is in decline. Nigerians seem to be cranking out a lot of kids, but they don't have a population big enough to overtake the trend from China. Europe is probably going to decline soon, and the US will be lucky to stay level over the next few decades.

 

[Telemark]

Just being Devil's advocate here, but how do you know he hasn't been selling? By the price action alone, someone has been...

I don't think there has been enough volume to account for such a large sale.

 

[jsasker007]

SMCI dropped big time after news of being investigated for accounting fraud. They have a 10-1 split coming up on Sept. 30th. Volatile is an understatement right now with the share price. Future projections are pretty good for them. I'm running into the burning building and hoping they bounce back.

 

[hunts_with_stick]

They are still pretty high from where they were in Dec, maybe wait a little longer?

 

[jsasker007]

Too late! I'm in at an average price of $391.71.

 

[hunts_with_stick]

I might go in a little.

 

[jsasker007]

Split coming up in 4 days. I never know how to go about the splits. Bought chipotle before they split and the price is still lower than the day of the split but it is slowly climbing. SMCI was over $1,200 bucks not that long ago. Negative press can drive prices down pretty fast.

 

[T-Max]

Split coming up in 4 days. I never know how to go about the splits. Bought chipotle before they split and the price is still lower than the day of the split but it is slowly climbing. SMCI was over $1,200 bucks not that long ago. Negative press can drive prices down pretty fast.

 

[hunts_with_stick]

I bought chipotle about a month before the split. I'm still up on that, although it did fall after the split.

 

[jsasker007]

I bought chipotle about a month before the split. I'm still up on that, although it did fall after the split.

I thought for sure it would sky rocket after the split. It will eventually be a money maker because it's a damn good product that sells itself in my opinion.

 

[SD51555]

Just being Devil's advocate here, but how do you know he hasn't been selling? By the price action alone, someone has been...

The shorts have been piling in. These guys are playing with fire, and I'd love to see the shorts get stuck in a texas hog trap like what was supposed to happen to the GME short sellers. They're already at about 20% of all shares sold short. If the shorts get a whole lot bigger and the daily volume falls, they're gonna be hurting when it comes time to rush for the single tiny door.

 

[Angus 1895]

Remember the Kodak company? In 1997, Kodak had about 160,000 employees.
And about 85% of the world's photography was done with Kodak cameras. With the rise of mobile cameras over the past few years, Kodak Camera Company is out of the market. Even Kodak went completely bankrupt and all his employees were fired.
At the same time many more famous companies had to stop themselves. Like
HMT (clock)
BAJAJ (स्कूटर)
DYANORA (TV)
MURPHY (RADIO)
NOKIA (Mobile)
RAJDOOT (Bike)
Ambassador (car)
None of the above companies had bad quality. Why are these companies out yet? Because they could not change themselves over time.
Standing in the present moment you probably don't think how much the world could change in the next 10 years! And today's 70%-90% jobs will be completely over in the next 10 years. We are slowly entering the era of "Fourth Industrial Revolution".
Check out today's famous companies-
UBER is just a software name. No, they have no cars of their own. Yet today the world's largest taxi-fair company is UBER.
Airbnb is the largest hotel company in the world today. But funny thing is they don't own a single hotel in the world.
Similarly, examples of countless companies like Paytm, Ola Cab, Oyo rooms etc can be given.
There is no work for new lawyers in America today, because a legal software called IBM Watson can advocate much better than any new lawyer. Thus, almost 90% of Americans will not have any jobs in the next 10 years. The remaining 10% will be saved. These will be 10% experts.
The new doctor is also sitting down to work. Watson software can detect cancer and other diseases 4 times more accurately than humans. Computer intelligence will surpass human intelligence by 2030.
90% of today's cars will not be seen on the roads in the next 20 years. Leftover cars will either run by electricity or hybrid cars. The roads will slowly become empty. Gasoline consumption will decrease and oil producing Arab countries will slowly become bankrupt.
If you want a car you have to ask for a car from a software like Uber. And as soon as you ask for a car, a completely driverless car will come and park in front of your door. If you travel with several people in the same car, the rent of a car per person will be less than a bike.
Driving without driver will reduce the number of accidents by 99%. And this is why car insurance will stop and car insurance companies will be out.
Things like driving on earth will no longer survive. Traffic police and parking staff won't be required when 90% of vehicles disappear from the road.
Just think, there used to be STD booths in the streets even 10 years ago. All these STD booths were forced to close after the mobile revolution came in the country. Those who survived have become mobile recharge shops. Again online revolution in mobile recharge. People started recharging their mobile online sitting at home. Had to replace these recharge shops again. Now these are just mobile phones to buy and sell and repair shops. But this will also change very soon. Mobile phone sales are increasing directly from Amazon, Flipkart.
The definition of money is also changing. There used to be cash but in today's age it has become "plastic money". Credit card and debit card round was a few days ago. Now that too is changing and the era of mobile wallet is coming. Growing market of Paytm, one click of mobile money.
Those who cannot change with age, age removes them from the earth. So keep changing with the times.
Keep creating great content, keep moving with time.
.

They ain’t replaced a good pack mule

 

[Angus 1895]

IDR had gone up almost 20% since I bought it.

 

[Angus 1895]

It’s down almost 5% today

 

[DayTrader]

It’s down almost 5% today

End of the quarter profit taking?

 

[jsasker007]

SCHWAB SUCKS! Was checking other platforms to use yesterday and probably going to try to switch to FIDELITY. Bought over 26k in SMCI before the split and now my account doesn't show any SMCI at all. Sent schwab a message to give me back my shares of that stock. Have been having other issues with them and it's not acceptable to be having issues like this. More than a little pissed off at this point.

 

[b116757]

I’d be more than a little angry about that!

 

[jsasker007]

My account is showing the shares now. I need a stable platform that just plain works without these random issues all the time. What a pain in the ass! I've noticed that the share price has not been accurate when selling some of a position the average price reflected is not accurate until the next day. Don't think anyone who is a day trader would be able to use schwab.

 

[Foggy47]

Watching live ICBM missile attack by Iran on Israel....as I type this. Wow.....real time ICBM underway.