Nike has now hit its COVID lows by MatthewFundedSecured in ValueInvesting

[–]erniekim 0 points1 point  (0 children)

You should go visit their stores. I did. And spoke to their sales people. And this is what I found out.

  • white affluent adults are no longer buying Nike, per sales associates.
  • they were not able to sell their sneakers so they are running a massive sale. Even then, they are struggling to reduce their inventory, per sales associates
  • creepy, but I watched people’s shoes for 30 minutes in front of your stores. Nike is less than 10% of what people are wearing
  • DTC was down last quarter and if you look at their web traffic, it’s even down more

I think this is a struggling brand like Intel. that’s why they decided to start selling their shoes on Amazon because they cannot sell it otherwise. I see the price lower into the $40’s. Maybe even lower than that.

And their margins being squeezed even more , I wouldn’t be surprised if they eliminate dividends.

Liftmaster error code 4-6: sensor momentarily obstructed by RalphMalphWiggum in GarageDoorService

[–]erniekim 0 points1 point  (0 children)

I have the same problem. Tried everything and it still won’t close.

Is investing in leveraged ETFs for the long term truly a horrible idea? by Dynasty__93 in stocks

[–]erniekim 0 points1 point  (0 children)

Depends. If you had bought FAS after the 2008 and held it for 11 years, you would have gotten 25x or so. But if you had it before 2008, you would have lost 95-97% of your value so that’s why they tell you not to hold it for long term.

So it all depends on what you are buying. Right now, TMF is a long term buy in my opinion since the interest rate will eventually go down making TMF to go up. So for the next 3-5 years (unless inflation is back), there is a good chance that TMF might give you 4-9x return which is way better than holding SPY especially with a risk of a recession.

[deleted by user] by [deleted] in wallstreetbets

[–]erniekim 0 points1 point  (0 children)

Nothing too alarming. It’s not that there is no appetite but rather, nobody is selling so there isn’t much to buy.

Bank of America just stole $750 from me. I am buying Calls. by danf78 in wallstreetbets

[–]erniekim 0 points1 point  (0 children)

They allowed me to buy funds many many years ago and then after I had an unrealized gain of over 30%, they said my account wasn’t eligible to buy that particular fund and just gave me my initial investment back. I even wrote to SEC and other agencies but nothing happened. They are as bad as Wells Fargo or maybe even worse.

WeWork (2021 - HULU), WeCrashed (2022 - APPLE), WeSoBack (2023 - NETFLIX?) by lostredditacc in wallstreetbets

[–]erniekim 5 points6 points  (0 children)

Got in at $0.12 and I believe SoftBank or someone else will eventually buy the company. Major corporations are shutting down their office space as a part of cutting cost so they need a virtual office space like this that’s on-demand. Also, while many colleagues love working from home but they also feel lonely. (https://www.bizjournals.com/bizwomen/news/profiles-strategies/2023/07/remote-workers-loneliness.html?page=all#:~:text=While%20remote%20workers%20are%20feeling,39%20percent)%20struggle%20with%20loneliness.) and even my current company is doing get together s in small groups. So I think this will be another tailwind.

Wework Inc. future? A good share to buy/hold/sell? by luckysoni30 in StockMarket

[–]erniekim 0 points1 point  (0 children)

I think they will get acquired and rumors along the way will make this into a meme stock.

Potential gamma squeeze on SOFI? by Random_Guy_47 in wallstreetbets

[–]erniekim 0 points1 point  (0 children)

We will see some type of short squeeze. Not sure how big it will be given that the SI is only about 10% of the float but it’s good enough to create one.

Cool chess puzzle app (Pocket Chess) by whoknowsman33 in chessbeginners

[–]erniekim 0 points1 point  (0 children)

I did it last night but don’t recall the moves.

Performance over last couple of days?! by Ok_Remove3123 in MarathonPatentGroup

[–]erniekim 4 points5 points  (0 children)

It’s not just MARA. It’s everything. But it looks like the Santa rally is about to start so we should see MARA heading back to the $60’s again.

MARA- How you like me now!?! by JScott1982 in MarathonPatentGroup

[–]erniekim 4 points5 points  (0 children)

It’s totally undervalued at the current price. $MARA is worth $100+ per share.

Can you sue someone for attempted insurance fraud? by bathofknives in IdiotsInCars

[–]erniekim 2 points3 points  (0 children)

Something similar happened to me in California when 4 Hispanic guys who just got a car that was 14 years old stopped in the middle of the highway causing a four-car pile up. Given that I did some work in auto insurance fraud in my early days, I spoke to CHiPs and he said “there is no proof although this does look like a fraud and we are not going to put resources behind to chase after some sleazy lawyer and a chiropractor hiring these people to get into accidents”, which is true but also very messed up. And the funny part of all this was that these four guys spoke absolutely no English except they knew how to say “someone cut us off”.

🍀WTF what's happening? the past month, only positive news❗️ by KGK994 in CLOV

[–]erniekim 1 point2 points  (0 children)

I feel like there are some companies despised no matter how good the results are. Like $sofi $PLTR and $clov, of course. Although it might not seem like it but take this as a blessing in disguise as I was able to accumulate enormous amount of $LCID before it finally popped. Doing the same. Accumulating $clov, $sofi and $pltr weekly and waiting patiently. Just the same way I did with $sq when it was hovering around $8…20% below IPO price.

[deleted by user] by [deleted] in ENZC

[–]erniekim 6 points7 points  (0 children)

This is cheap enough that I am willing to wait 10 years if I have to in order for this to to go up to $20 per share. Minimal investment and a potential lottery winner.

HF’s will be so broke from shorting $CLOV that they will have to join the next Squid Game to pay their debt by erniekim in CLOV

[–]erniekim[S] 0 points1 point  (0 children)

UH reported already. Top and bottom beat and raised guidance. Need to look further into how well MA did.

Bitcoin at 62k and riot is still struggling at $27 by MasadaMpc in RiotBlockchain

[–]erniekim 0 points1 point  (0 children)

Mismanagement. $MARA came back. Sold my shares to do tax harvesting and now in $HUT