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Stock Thread (40 Viewers)

First time in here, and would like to be clear about a few things:

  • I know nothing about stocks
  • Everything I say is opinion, no facts, I know nothing
  • This is half to brag about a stock if it does well, half to get info from people who actually know stuff
My stock for you is a penny stock on the Hang Seng, 582 - Landing International Development Ltd.  A construction company bought a LED company, or something like that.  They just recently switched sector from chemicals to industrial on Bloomberg.  Everything is way behind.  It currently costs .16 HKD, or .03 CAD.  I don't care what it costs in USD, but I imagine it's .02. 

This company is building a huge development on Jeju Island.  This is a Korean Island that is a popular tourist destination.  The reason I have faith in this stock is that part of the development in a very large Casino set to open late 2017(I've been assuming early 2018 at best).  For those not aware, Chinese people like to gamble.  This casino will be the closest one to Beijing and Shanghai(pretty sure it's closer than Macau, very similar at worst).  Chinese citizens do not need a visa to travel to Jeju(they do for mainland Korea).  

As a casino, I see no way it fails.  Imagine Macau, but with only one casino.  This will be one of, it not the most successful casino in the world, and will be managed by Genting, with many hotels and casinos under the name Resorts World.  This destination is called Resorts World Jeju.  My problem is that I have no idea how the success of the casino will relate to stock value.   

Basically, it is a very cheap stock that has huge potential.  I imagine the balance sheet is a mess, and it probably looks terrible on paper, but a casino in close proximity to all that Chinese money will fix any balance sheet in a minute.  Feel free to take a look and let me know if my hope is justified.  http://www.rwjeju.com/

And Landing http://www.582.com.hk/html/index.php

Lastly, a question for you smart stock guys.  The stock plummeted after I first bought it, and my number of shares were reduced from 170K to 17K, and the share value increased in the same ratio.  The opposite of a split, but I don't know the term.  Now I imagine the number of outstanding shares would also decrease, but they never did.  A big weakness of this stock is that there are a ton of outstanding shares.  Bloomberg still says 20.2b, and I still really like the stock with all those shares, but if it should be 2b, I would love it even more(obviously).  They have been slow to update anything for this company, I'm hoping this is outdated as well.

TLDR - check out 582 on the Hang Seng, or click the links.  Click on the last arrow on the right to switch to English.

 
Call me a lunatic, but I shorted FB this morning at 128.5

just for the day, I'm not that crazy.

reasoning:

everyone who wants it already owns it

profit taking

lower guidance and slowing growth

 
Hey, obviously it is self explanatory but I just got an email from Vanguard saying one of their funds that I'm in is closing to new accounts. I know I can add more in the future and not worry about losing money but how often does this occur? The fund opened in 1992. Does this affect anything that I should know about or is this just normal, mundane stuff?

 
Mario Kart said:
Hey, obviously it is self explanatory but I just got an email from Vanguard saying one of their funds that I'm in is closing to new accounts. I know I can add more in the future and not worry about losing money but how often does this occur? The fund opened in 1992. Does this affect anything that I should know about or is this just normal, mundane stuff?
Click to expand...
normal mundane stuff.

 
I now have access to BondCentral through my investment account for trading fixed income bonds and corporate paper. Has anyone used this?  How much are the min. investments on these? 

 
fantasycurse42 said:
Call me a lunatic, but I shorted FB this morning at 128.5

just for the day, I'm not that crazy.

reasoning:

everyone who wants it already owns it

profit taking

lower guidance and slowing growth
Click to expand...
Might've been onto something here... Wish I held longer. Catching it on the way up and down :thumbup:

Still a great stock, but it is priced high, especially when they're forecasting growth to slow in ER. 

Stocks are forward looking, not back.

Retail investors will be trying to catch this as it falls. Think it will end the day between $125-$126...

Wouldn't be surprised to see low $120's within a week or so, at that point big boys will start loading the boat again.

 
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Took my profits, leaving behind the rest.  

The rest = 30% of my brokerage account.  Will be there as long as it takes, but I love me some FB

 
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What's the next piece of news that will affect the banking sector now that earnings are out?

Fed talk on a rate hike?

Holding a lot of Citi, up 11%, not sure where the upside comes from unless we get a rate hike or two in the next year.  

Thoughts?

 
Man I have to think oil (UWTI) bounces up by at least 10% tomorrow. Thinking of loading up the boat big time before close. Anyone else in?

 
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I just bought a starter position in MZOR today. 500 shares. Looking for a dip to go much heavier. Long term hold. The next ISRG. 

Getting tired of day trading. 

 
NREC34 said:
Getting tired of day trading. 
Click to expand...
Affirmative 

Debating just trading oil on Wednesdays. 

I looked back at my success failure ratio... Wednesday on oil basically carries me after the DOE report. If you know what to look for in that report, it is prob the only thing in the market that = trade the news.

 
fantasycurse42 said:
Affirmative 

Debating just trading oil on Wednesdays. 

I looked back at my success failure ratio... Wednesday on oil basically carries me after the DOE report. If you know what to look for in that report, it is prob the only thing in the market that = trade the news.
Click to expand...
Oil sucks right now...

I thought about STO for a good, safe oil play. It will be great if oil starts going up again. 

 
NREC34 said:
Oil sucks right now...

I thought about STO for a good, safe oil play. It will be great if oil starts going up again. 
Click to expand...
I don't care if it goes up or down, as long as it moves. I really would like to reduce my trading to strictly Wednesday. 

I just play the ETFs off of the reports. Opened the report yesterday, saw refiners scaled back, production only dropped 10kbpd (lower 48 = shale... market doesn't care as much about Alaska production), crude build, gas build and by 10:31am I was piled into an oil short. 

 
It's been a fun ride AMZN, I bought 2 years ago at 360ish, dipped in again at 529, getting out first thing in the morning.

 
Zigg said:
Lastly, a question for you smart stock guys.  The stock plummeted after I first bought it, and my number of shares were reduced from 170K to 17K, and the share value increased in the same ratio.  The opposite of a split, but I don't know the term.  Now I imagine the number of outstanding shares would also decrease, but they never did.  A big weakness of this stock is that there are a ton of outstanding shares.  Bloomberg still says 20.2b, and I still really like the stock with all those shares, but if it should be 2b, I would love it even more(obviously).  They have been slow to update anything for this company, I'm hoping this is outdated as well.
Click to expand...
Reverse split, FYI.

At .02/share if we can get Chet interested he should be able to scoop up 1b of those, no sweat.

 
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