03/08/24
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Sepahan lost to Paykan 3-2
Persepolis is losing 2-1 as well!
03/08/24
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Sepahan seems to be in a self destructive mode! Game after game, they take the lead early on but for some reason, they can’t hold on to it!
03/08/24
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SMCI pre market is above 1,200. I’m out. 65% gain in less than a month seems too good to be true but it is.
China’s numbers are not bad on paper but they might not tell the whole story. The issue seems to be the housing/construction sector. Too much money was given to them to pump up the economy. It’s hard to tell what is the real story as China being China!
US will be affected by what happens in China more than it did with Europe or Japan in the past.
03/07/24
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Zinsky, the next storm is here. Raining cats and dogs again!
03/07/24
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03/07/24
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I am not sure why 1-2% expansion is a bad thing for China. why would they feel that this is a slap in the face? They have gone through and incredible expansion. But that cannot continue indefinitely. I'd take a 1-2% expansion over a crash that US goes through every once in a while, any day. What am I missing?
03/07/24
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![[1HrTti4]](https://i.imgur.com/1HrTti4.jpeg)
03/07/24
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Agha Zinsky, I am thinking of selling also. I have done real well with this stock, thank to your advice. I have not learned to control my greed yet, but will follow you .. may be a few days later though. ![[rofl]](https://cdn.websitetoolbox.com/images/boards/smilies/rofl.gif "Rofl - :lol:")
03/07/24
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Iran largely undeterred in ‘once-in-a-generation
opportunity’ to reshape Middle East
03/07/24
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Persepolis, Taj, Sepahan are all playing tomorrow morning.
03/07/24
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Good discussion on China. I just don’t have a good feeling. It’s just me. I don’t have enough information to make any major decisions.
On the other hand, I’ll be selling the rest of my SMCI tomorrow. I learned to control my greed! I’m up over 60% in couple of weeks! It’s more than enough for what I planned for. Thanks to SMCI, my family trip to Iran was paid for fully 🙏😊🍾🎉
03/07/24
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China to Issue CNY1 Trillion in Special Ultralong Bonds This Year:
https://www.wsj.com/world/china/china-to-issue-cny1-trillion-in-special-ultralong-bonds-this-year-f528a65f
03/07/24
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Oh they called ultra long special treasury bonds. Basically China is the US version of east economy. 🤣🤣🤣
03/07/24
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Chinese Economy is in neutral. And that to CCP is a failure n slap in the face. They claimed a 4.6% growth on their GDP but it was more like 1 or 2 at best. So CCP has done something they had shied away from since early 80s n that is issue what we call long term bonds. They have a name for these bonds I need to look em up. Basically this is free money given to their big companies to operate better
03/07/24
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Unfortunately, the Chinese economy is not free market economy....and as such, it has its limitations.
They are not doing well, because the government keep pushing big companies around.
All their major companies crashed since covid, BABA, JD, etc....
If it is not free market it cannot adapt and will fail at some point 🤷♂️🤷♂️🤷♂️
03/07/24
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About China, I do not actually know whether their economy is melting. But am I right that US economy did not fall when Japanese economy tanked when it used to be #2 in the world. So, I think it will be the same with China.
03/07/24
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Agha Zinsky, those names put together have over half trillion. this is only a fraction of their billions. So, I am not too worried.
03/07/24
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Zinsky, there is always the next storm. Well, as long as you are not here. :)
03/07/24
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It could be a sign of something that they might know or simply because the stocks have gone up so much, so fast, it’s hard to resist.
The Great Cash-Out: Jeff Bezos, Leon Black, Jamie Dimon, and the Walton family have now sold a combined $11 billion in company stock this month—some for the first time ever
03/07/24
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Faramarz,
It should be the last of them for a while. I might come visit and stop this madness!!!🤣
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