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FAANG stocks uncertainty
Posted on 1/9/21 at 10:22 am
Posted on 1/9/21 at 10:22 am
Anyone a bit afraid being way too temporarily heavily invested in any of these stocks thinking the government (the good guys) could essentially levy war against any of them any moment?
This post was edited on 1/9/21 at 10:36 am
5
Posted on 1/9/21 at 10:30 am to Chad504boy
The majority is more likely to applaud their actions than the counter. Not a political statement just the reality of the situation.
Posted on 1/9/21 at 10:30 am to Chad504boy
Can’t see a Democrat controlled government bite the hand that feeds them
Posted on 1/9/21 at 10:32 am to ynlvr
For all we know the military could be raiding the shite out of these corps on Monday
And like I said I’m just worried temporarily. I’m willing to risk a small loss of gains for the safety net of saving my arse from stock doomsday
And like I said I’m just worried temporarily. I’m willing to risk a small loss of gains for the safety net of saving my arse from stock doomsday
This post was edited on 1/9/21 at 10:33 am
Posted on 1/9/21 at 10:39 am to Chad504boy
not any more.
Posted on 1/9/21 at 10:59 am to Chad504boy
FAANG has won the war. Look at how many platforms have banned Trump. They only did that once he lost all power to threaten them. They know that there isn’t anyone currently in power that can or would stop them now
Posted on 1/9/21 at 11:12 am to Upperdecker
quote:
They know that there isn’t anyone currently in power that can or would stop them now
With or without Trump, any legislation concerning Section 230 would have to be passed by congress. It’s not within a president’s power to repeal it. As for Biden, he’s previously stated that he was in favor of repealing Section 230.
Political science isn’t in my wheelhouse, but my guess is that it will be reformed, if not repealed. I don’t see anything on the horizon that will affect Apple or Microsoft. But yes, I think that a repeal of 230, along with the various state lawsuits, could affect Alphabet, Facebook, Snap, etc. How much, I have NO idea.
Posted on 1/9/21 at 11:55 am to Jag_Warrior
would be a money machine if FB would spin off IG though, for an example of what could be coming. Honestly those kinds of oversight action (based on anti-competitive practices) are far more likely than some kind of government overreach based on censorship
there are posters comparing twitter bans to the night of the long knives on the poliboard for fricks sake
there are posters comparing twitter bans to the night of the long knives on the poliboard for fricks sake
Posted on 1/9/21 at 12:14 pm to cgrand
True. When there was a news flash about Alphabet being in the gun sights of several state AGs awhile back, the stock rallied nicely. Why? Like you said, the parts are worth more than the sum. So I cleaned up on some GOOG option positions that week.
I’m not dismissing the OP (or anyone else), but quite often I’ve noticed people trying to link their personal beliefs or emotions to equity pricing or trades.
I’m not dismissing the OP (or anyone else), but quite often I’ve noticed people trying to link their personal beliefs or emotions to equity pricing or trades.
Posted on 1/9/21 at 12:19 pm to Jag_Warrior
I think rational people should conclude that a large part of twitter/FB/etc finally coming to terms with how toxic they are to society voluntarily (relatively speaking) is that they are about to see much more skeptical leadership in the oversight committees.
that’s not a bad thing in my opinion, as it should result in more equitable (or just not as anti-competitive) business practices which is good for the economy. Society functions better with a healthier economy as we’ve so vividly seen with the COVID disruption
that’s not a bad thing in my opinion, as it should result in more equitable (or just not as anti-competitive) business practices which is good for the economy. Society functions better with a healthier economy as we’ve so vividly seen with the COVID disruption
Posted on 1/9/21 at 12:23 pm to Chad504boy
If you think the government's dumb enough to go after the most owned names in taxpayer retirement accounts then yes you should be worried. That's the most crowded trade I can think of.
Posted on 1/9/21 at 12:24 pm to cgrand
I totally agree with that. While Idiocracy was sort of a cute movie, we shouldn’t be using it as a “how to” guide to life and politics. Enabling that sort of echo chamber thinking, while clearly profitable, is probably not the healthiest thing for any society long term.
Posted on 1/9/21 at 1:06 pm to Jag_Warrior
Own all the FAANG’s
Most worried about FB, down to 264 from a high close to 300 recently
Most worried about FB, down to 264 from a high close to 300 recently
Posted on 1/9/21 at 1:14 pm to wutangfinancial
quote:
If you think the government's dumb enough to
I would hope our true government upholds democracy
Posted on 1/11/21 at 9:22 am to Chad504boy
welp put my money where my thoughts are. sold a large block of aapl this morning. maybe there won't be any real apocalyptic event with the stock but i feel better in the short term of waiting to see how all this drama plays out.
Posted on 1/11/21 at 10:13 am to Chad504boy
I trade AAPL (usually with options) in my trading account from time to time. But I’ve held my investment position steady for about 20 years. Until I see some fundamental change in the company’s financial prospects, or it becomes too large a percentage of my investment portfolio (which yeah, it pretty much is now), I wouldn’t add or subtract based on short term political maybes - and anyway, I see AAPL as one of the least affected by what’s being rumored.
But that’s just me. YMMV.
BTW, it wasn’t me who downvoted you.
But that’s just me. YMMV.
BTW, it wasn’t me who downvoted you.
This post was edited on 1/11/21 at 10:14 am
Posted on 1/11/21 at 10:17 am to Jag_Warrior
quote:
I trade AAPL (usually with options) in my trading account from time to time. But I’ve held my investment position steady for about 20 years. Until I see some fundamental change in the company’s financial prospects, or it becomes too large a percentage of my investment portfolio (which yeah, it pretty much is now), I wouldn’t add or subtract based on short term political maybes - and anyway, I see AAPL as one of the least affected by what’s being rumored.
But that’s just me. YMMV.
very logical. i never sold aapl position for years neither. i still have 12% of my position and i feel confident i can get back in once i'm more comfortable at or below where i got out in the future. but maybe just maybe this ends up a huge CYA move.
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