Chinese Economics Thread

[MrCrazyBoyRavi]

At this point it's difficult to say. I read an analysis that you really have to wait it out and see what the real numbers are. They falsed increased their earning but also their expenses so net profit may not be that egregious. But at this point it's hard to determine. Sorry bud I know it sucks. I've been burned a fee times with other stocks as well. Hence why I stick to indexes now.

Umm i think i need to do that too. I am bad at speculating. Already down 1200$ with Amarin and Luckin stocks. I was about to but BABA stocks too , but backed off

 

[Anlsvrthng]

The fact is, China is the first country to reach a point where there are only a paltry number of cases and all are imported. Chinese factories are opened while factories in many other countries are closed. Chinese factories are in overdrive making masks and ventilators because right now demand is through the roof and that is an early boost to the manufacturing sector of the Chinese economy right out from lockdown.

That's all there is to my post; I'm not extrapolating any further or making any other comparisons.

The outbreak is in early stages in China and generally around the world.

The economic depression doesn't started yet as well.

Italy has a mere 2-5% immunisation level, UK 0.5-1%, China around 0.1%.


Long way to say its done.

 

[manqiangrexue]

The outbreak is in early stages in China and generally around the world.

The economic depression doesn't started yet as well.

Italy has a mere 2-5% immunisation level, UK 0.5-1%, China around 0.1%.


Long way to say its done.

Globally, it has just started, but with China, the data says it's ending. The only caveat would be if second/third imported waves show up and there is failure to quarantine.

My original statement just says that now, China's manufacturing is getting a boost from other needy countries and that's just 100% fact right now. In the future, they may suffer collapses in demand or whatnot but those are predictions for now. You can make predictions but they do not affect the truthfulness of this fact. There is nothing to argue about.

 

[PiSigma]

Guys,
Recently bought some Luckin Coffee stocks. Its burned me pretty bad. What are the chances of its stock to go up since china is recovering from COVID 19 and nationalism feelings despite the fact that Luckin Coffee cooked the book and had shady business practises.View attachment 58920View attachment 58921View attachment 58922

That sucks. But look on the bright side, you only own $1k. I lost $100k on Suncor stock alone recently since it crashed from $42 to $12, and came back to $24. Still a 50% loss so far. Just got to ride out the lows. Other stocks/ETFs I lost 30%. But health care ones are holding everything up, so total loss is less than 10% so far.

Anyone got any good stock/ETF suggestions that they think will double or triple by next year?

 

[AndrewS]

That sucks. But look on the bright side, you only own $1k. I lost $100k on Suncor stock alone recently since it crashed from $42 to $12, and came back to $24. Still a 50% loss so far. Just got to ride out the lows. Other stocks/ETFs I lost 30%. But health care ones are holding everything up, so total loss is less than 10% so far.

Anyone got any good stock/ETF suggestions that they think will double or triple by next year?

Nope.

I would expect almost all stocks to suffer as it's going to be a bare minimum of 6 months until a bottom is reached.

There is going to be a lot of forced selling generally.

 

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[PiSigma]

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So unleash the pirates? How they going to equip them? Give them rubber or aluminum boats? Even ocean going fish boats won't have problems with these guys. Half of the Chinese fishing fleet are part of the militia, with a ton of PLAN veterans that knows how to handle themselves.

I'm sure the UN will have something to say about promoting piracy.

Dumb ideas are just getting dumber and dumber these days. Going to start seeing Corvettes given to Columbian drug cartels with letter of marque as well.

 

[PiSigma]

So unleash the pirates? How they going to equip them? Give them rubber or aluminum boats? Even ocean going fish boats won't have problems with these guys. Half of the Chinese fishing fleet are part of the militia, with a ton of PLAN veterans that knows how to handle themselves.

I'm sure the UN will have something to say about promoting piracy.

Dumb ideas are just getting dumber and dumber these days. Going to start seeing Corvettes given to Columbian drug cartels with letter of marque as well.

Forgot to add, not too many ships are actually flagged to their own countries.

 

[Hendrik_2000]

Mask Factory GM vs China

 

[siegecrossbow]

That sucks. But look on the bright side, you only own $1k. I lost $100k on Suncor stock alone recently since it crashed from $42 to $12, and came back to $24. Still a 50% loss so far. Just got to ride out the lows. Other stocks/ETFs I lost 30%. But health care ones are holding everything up, so total loss is less than 10% so far.

Anyone got any good stock/ETF suggestions that they think will double or triple by next year?

Anyone with over 100k to spare on stocks shouldn't complain .