What did you trade today and why?

[Still Learning]

Purchased added additional VOO and VTI ETF shares to adjust allocation mix.

 

[surprising]

Added to VTI, MSFT and PDO.

 

[Fermion]

This market has gotten ridiculous. Today a shoe company sold all of its shoe assets and said it is going to switch to AI. The stock is up 630% today.

I really want to just go hide my money in a deep hole somewhere and wait for the end of times.

Allbirds stock soars more than 600% as the shoemaker rebrands as an AI company

Allbirds is getting out of the sustainable sneaker business and into the AI business.

finance.yahoo.com

 

[COcheesehead]

This market has gotten ridiculous. Today a shoe company sold all of its shoe assets and said it is going to switch to AI. The stock is up 630% today.

I really want to just go hide my money in a deep hole somewhere and wait for the end of times.

Allbirds stock soars more than 600% as the shoemaker rebrands as an AI company

Allbirds is getting out of the sustainable sneaker business and into the AI business.

finance.yahoo.com

BIRD was pretty much a penny stock. Allbird shoes were popular 6-7 years ago. Today, not so much.

 

[Fermion]

BIRD was pretty much a penny stock. Allbird shoes were popular 6-7 years ago. Today, not so much.

Right but what do shoe designers know about AI?

 

[richardsok]

Bought a small position in a new fund, NYSX. I believe it may move in low volatility patterns and would like to try to trade on indicators.

Took quick gain and ex div on FOF.

 

[COcheesehead]

Right but what do shoe designers know about AI?

In this case the AI would be applied to what they believe is a gap in the marketplace. A shoe company is really just a supply chain management company. They make nothing and just coordinate connecting the dots to an end product. They want to apply that same expertise to chips. The market sees that as a good bet to happen and likely why the stock jumped.

 

[Fermion]

In this case the AI would be applied to what they believe is a gap in the marketplace. A shoe company is really just a supply chain management company. They make nothing and just coordinate connecting the dots to an end product. They want to apply that same expertise to chips. The market sees that as a good bet to happen and likely why the stock jumped.

So really this was just a way for some big private investor to get a public AI company without going through the IPO process?

 

[dobig]

Added to QTUM. Opened new position in WQTM.

 

[Al18]

BIRD EPS $-9.47

Why is this company still in business?

 

[Fermion]

BIRD EPS $-9.47

Why is this company still in business?

I did just remember that Nokia started off making rubber boots....so maybe this is not as crazy as it sounds?

 

[COcheesehead]

BIRD EPS $-9.47

Why is this company still in business?

It’s not. They sold those assets.

 

[COcheesehead]

Lamborghini made and still makes tractors.

 

[Fermion]

Lamborghini made and still makes tractors.

That doesn't seem quite as weird though (and yes Clarkson had a Lambo tractor on several seasons of Clarkson Farms). I know auto makers switch to making tanks during war times.

 

[COcheesehead]

So really this was just a way for some big private investor to get a public AI company without going through the IPO process?

Not the first time it’s been done and likely not the last either.

 

[COcheesehead]

That doesn't seem quite as weird though (and yes Clarkson had a Lambo tractor on several seasons of Clarkson Farms). I know auto makers switch to making tanks during war times.

My grandfather worked at one of the plants that did that. Autos to tanks.

Wrigley’s started as a soap company.
eBay was a started to inform people about the Ebola virus.
There are all kinds of fun examples of morphs in business.

 

[Surewhitey]

Lots of nibbling on NVO lately. Up 15% from the 3/30 low. 9% in 5 days. I'm holding a bit longer...

 

[Al18]

Make about as much sense as Gamestop doing crypto. Too risky for me.

 

[rjsos5]

Adding to aggressive holding, FSELX. Risk on all.

 

[upwiththesun]

Right but what do shoe designers know about AI?

Possibly: If you build it they will come. N o idea who this 'they' is.

 

[Car-Guy]

Bought 100 shares Microsoft everyday last week. Ended up the week with 500 shares. Also bought into several technology heavy ETF's.

Big mistake...."I only bought 500 shares last week". Only went up $13.50/share today. ETF's I bought did well too but not as good as Microsoft.

OK, this is crazy. MSFT is up another $20 per share today. That's up an avg of ~$60 per share since I bought 500 shares last week. I'm not sure I can hold off selling much longer. That's ~$30k profit in less than a week on one stock...

I may tap out today.

 

[RobLJ]

I bought 300 shares of MSFT in 2012 (29$ or thereabouts) and have slowly sold off all but 25 shares. I think I made 80-100k despite the sales (edit: Quicken says I made a bit less than 60k, so sue me).
I keep the position just to admire it and fool myself into thinking I'm a smarty.

 

[dickoncapecod]

This market has gotten ridiculous. Today a shoe company sold all of its shoe assets and said it is going to switch to AI. The stock is up 630% today.

I really want to just go hide my money in a deep hole somewhere and wait for the end of times.

Allbirds stock soars more than 600% as the shoemaker rebrands as an AI company

Allbirds is getting out of the sustainable sneaker business and into the AI business.

finance.yahoo.com

Reminds me of years ago when I publicly urged Chatam Fish Market to go public as Chatham Seafood and Blockchain.
Regards, Dick

 

[Car-Guy]

I bought 300 shares of MSFT in 2012 (29$ or thereabouts) and have slowly sold off all but 25 shares. I think I made 80-100k despite the sales (edit: Quicken says I made a bit less than 60k, so sue me).
I keep the position just to admire it and fool myself into thinking I'm a smarty.

In my case it was dumb luck... I've been down the market timing swing trading road before. It's like gambling, if you are having a good day,,,,,, STOP!

 

[shridog]

Added to CSWC and RWAY. BDCs making good headway. Lack of rate cuts plus defaults not out of control for the top tier BDCs.