Fiddling about with stocks, funds, etc. No conspiracy theories, please.

771 posts in this topic

On 27.6.2020, 19:41:35, Metall said:

I'm not blindsided. I know somebody from the early days of Wirecard who hinted about the antics of upper management - enough to dissuade me from ever working there, especially when the first rumblings started years (!) ago.

The writing was on the wall for a long time, even going purely on publicised information.

 

But to quote the former CFO of my company: "Gier frisst Hirn" (greed destroys your brain, meaning people didn't want to know what was going on, even when it was staring them in the face).

 

Basically you're right. Tidibits from the conversation:

 

- He and I'm sure some others had a bad feeling since some time, but nothing specific, and nothing as bad as this.

- The inflating or invention of profits has for sure been going on for a long time

- The missing Vorstand has run away. Both of them should rot in jail.

- The core business has a steady flow of costumers, is profitable, and it even improved with Corona. The core technology is however nothing that the competition doesn't have. Wirecard would have been just fine if not for the growth al all costs mentality.

 

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1 hour ago, El Jeffo said:

Or down 85% since Wednesday. It's all a matter of perspective.

wirecard.JPG.8795220495dee0a05b546152a96

 

This is where the speculators and day traders come in, probably joined by some pump-and-dump fraudsters. You bought at €1 and sold at €3? Good for you! Bought at €3 and it dropped to €1.50 immediately afterwards? Sucks to be you!

 

Like I said, at this point, you're better off going to the casino roulette wheel and betting it all on black.

 

BTW: I previously said that Wirecard would be thrown out of the DAX at the end of the month. Apparently I was mistaken - the adjustments are quarterly and there is no provision for consequences in case of insolvency (which, like the Spanish Inquisition, nobody ever expected). So this dead cat will continue to be dragged over the coals and broken glass until mid-September.

 

I thought this was it. Game over. 

 

So who would buy shares of wirecard?

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39 minutes ago, RenegadeFurther said:

 

I thought this was it. Game over. 

 

So who would buy shares of wirecard?

 

The same people who have been buying Hertz and who trade in penny stocks in general. Speculators out to profit from the greater Fool.

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Not only because they are penny stocks. But because volume is low, you can really make an uptick with small amount of money.

I remember 2 years ago I bought 5k of a low volume stock and forgot to put a price limit. It went up 11%!

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what happens if you buy wirecard shares now and they get bought by another company?

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Not sure, but I guess the other company, would make a bid. or a share price offer, then the share holders would have a vote to accept or reject the share offer.

 

Normally the offer would be more than current share price to give an incentive to accept the offer, then the current share holders would get the share price offer  times the numner of shares they hold

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there is  no reason for the prices to go up. so is it more of buy and dump from traders?

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Wirecard at 2,50€. Anyone thinking of buying?

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23 hours ago, MikeMelga said:

He's dead Jim!

:D

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Wirecard is getting James Bond dimensions. One of the top managers is at large and immigration papers were falsified in the Phillippines. Weird and wild stories in the newspapers. Hollywood is into it.

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1 hour ago, LukeSkywalker said:

Wirecard is getting James Bond dimensions. One of the top managers is at large and immigration papers were falsified in the Phillippines. Weird and wild stories in the newspapers. Hollywood is into it.

 

After the Wirecard fiasco  I would probably not invest in Germany again.

 

I have just closed my Dax Etf and in the process of selling my Lufthansa shares.

 

I still have the Vanguard all world but the German part is not so big.

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Good thing no major corporations in the U.S. have ever been involved in this kind of accounting fraud.

(if you leave out Waste Management, Enron, Worldcom, Tyco, HealthSouth, AIG, Lehman Brothers, Bernie Madoff, etc., etc., etc.)

 

Stock-picking is always a sucker's game for non-analysts, unless you have the money to burn. Better to use mutual funds and spread the risk. You won't get the big wins, but you'll be better protected against big losses, too.

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I am just going to stick now with the Vanguard All World. Put some cash every 3 months.

 

No more trying to pick out individual stock. I will stick now to the boring route.

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You Tesla investors probably already know this -

 

Quote

 

Elon Musk's net worth soared past Warren Buffett on Friday as the chief executive officer of Tesla Inc <TSLA.O> became the seventh richest person in the world, according to the Bloomberg Billionaires Index.

Musk's fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker's stock.

Buffett's net worth dropped earlier this week when he donated $2.9 billion in Berkshire Hathaway <BRKa.N> stock to charity, the report added.

Tesla's shares have surged 500% over the past year as the company increased sales of its Model 3 sedan.

The blistering rally also puts Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months.

The stock is up about 38% since the close on July 1, a day before the company reported its quarterly delivery numbers.

Tesla's solid delivery numbers heightened expectations of a profitable second quarter, which would mark the first time in its history that it would report four consecutive quarters of profit.

 

 

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Also Musk is saying FSD will come by the end of the year, which is going to push the share price up a bit, still doubt it, but would be pleased if it does come

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On 7/8/2020, 12:37:56, RenegadeFurther said:

No more trying to pick out individual stock. I will stick now to the boring route.

what about pharma firm(s) that is working on a corona vaccine? Gilead shares rocketed already

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