School me on investing...

Hey @HPPT.... question about "Judicial Recovery" in France. One of my major competitors recently announced they were in it (Vencorex). How long does this normally take? Do they only wipe out debt or can they reduce labor contracts, supplier contracts, etc? Do you see any news in the French Media about them and their plans?

The chemical industry has seen a lot of plants closing (Germany especially) in the last few years due to Energy, Labor, Regulation in the EU. Personally I think in 20years there will be a LOT less of it in the EU due to lots more Labor, Regulation, etc.

Thanks,

 

Yeah, I thought of you this morning when I checked. I hope it's the start of a trend.

 

Hey Papa your speeling has been for $hit lately. Who stole your login?

 

I don't know enough about how things work in France to tell you how different it is from a chapter 11 bankruptcy in the U.S.. As far as the company is concerned, I don't know it. It's possible it's been mentioned on the financial network I watch and I didn't notice. It's not a sector I follow.

 

Well...time to start....

 

That's typically a sign that I'm talking to someone. My visiting niece, in this instance. I don't get to see her much when the sun is out. Goddamn teenage vampires...

 

Anyone here still holding that warm, wet and smelly paper bag?

 

@Boman Forklift , you must be closing in on your BABA exit point. You gonna be smarter this time or keep riding?

 

China is printer go BLLLLLLLLLLLL right now.

Hold em.

 

It was down at 11.xx
It's taken a bounce up to 14.xx at the moment.
Guessing the slow slide, with ocassional bounces will continue.

 

was just bout to chime in. im at break even on one account. wheres the crying emoji??

 

LOLOL

I looked 2 days ago and I bought it for 92.xx. I'm probably up around 4k? Seems to be good news coming out of China, maybe I should just put in a stop loss and ride for awhile? I'm not a very good investor, unlike what I think you have done, which is why I only own a couple stocks outside of mutual funds?

The same Day I bought BABA, I put the same $ in Amazon and it is up more or at least it was 2 days ago.

 

The biggest lesson I have learned in the last few years is that you can absolutely not trust the Chinese government to make decisions that will negate any fundamental analysis you do to decide whether a stock is worth buying. They're level of interference with the market is just too much for me to consider it an acceptable risk. BABA is moving not so much based on what it's actually worth from a business standpoint, but on what the government decides to do.

 

Exactly. Plus you have the US slapping 100% tariffs on shit when they feel like it. I'm happy to say I just unloaded my last bit of BABA at $111. I have no doubt there's some upside left- short term and maybe even long term, but I don't care.

 

I am convinced that there's plenty of upside left but like you, I don't care. Because I know that at some point, the CCP will make decisions that will send it back down again.

 

cant wait to say those words

 

Fack….I’ve been busy today and haven’t even looked

EDIT: Dude you hit the peak it is 106 now.

 

With olive oil prices soaring, more fake products are hitting shelves

https://sherwood.news/world/with-olive-oil-prices-soaring-more-fake-products-are-hitting-shelves/

 

Well, gahtdamn. Looks like I shoulda-oughta said four-fiddy.

@Goldie will be along shortly....

 

Well, at least something is in the right side of the balance sheet right now. And ENVX made a big bump today. That helps