Saw IQ down 13% to $19.28 in after hours trading as a result of 3Q reporting. Yikes! There was a few times reading this thread I felt I was getting sucked in on the allure of the "Chinese Netflix" and the early gains after its IPO date. And here we're what...7 months later and it's fallen almost all the way back down to where it started?
I'm usually not an impulse buyer. Almost all of my retirement is strictly in vanguard target date funds. But I remember last year reading this thread about US Steel after it dropped by 50% and almost pulling the trigger. And then kicking myself over the next 6 months when it went back up to the mid-40's after being around 20 at that time. I guess the moral of the story is there's a yin for every yang and more often than not it's better to just look for the solid long play than the easy quick buck. [Reply]
Originally Posted by blake5676:
Saw IQ down 13% to $19.28 in after hours trading as a result of 3Q reporting. Yikes! There was a few times reading this thread I felt I was getting sucked in on the allure of the "Chinese Netflix" and the early gains after its IPO date. And here we're what...7 months later and it's fallen almost all the way back down to where it started?
The Chinese market as a whole has dropped quite a lot. IQ had 89% paid subscriber growth. That's good they just lost more than was projected. It's not even all that cheap at 5.5x revenue for a Chinese company that's losing money. That number will come down some tomorrow. It is interesting as it seems their content is popular
Netflix had a crazy first mover advantage in that all of their should be competitors didn't move at all. They didn't want to lose their lucrative cable model. IQ has a ton of competition and a nation not used to paying crazy cable prices. [Reply]
I don't know enough about this to make bold statements but with paypal and other similar money transfer services pulling privileges on big social media sites like gab does that inflate the "bit-coin" market?... [Reply]
Originally Posted by Rain Man:
I expect General Electric to make a rebound any day now.
I road that horse for quite a while as it circled the drain. I sold my lousy 45 shares for $13.09 on 7/26. I probably paid about twice that for them. Had them for years so got some dividends over the years, but still. [Reply]
Originally Posted by Amnorix:
I road that horse for quite a while as it circled the drain. I sold my lousy 45 shares for $13.09 on 7/26. I probably paid about twice that for them. Had them for years so got some dividends over the years, but still.
I remember you saying that you were going to sell. I should have followed your lead. I kept thinking, "meh, I'm getting the dividend and the stock price doesn't affect that". Well, now I'm not getting a dividend and I think I'm down 60 percent. That stings. [Reply]
