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Elaela88

Elaela88

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2021-04-09

$CITY DEVELOPMENTS LIMITED(C09.SI)$Dividends soon

2021-07-02

$AMC Entertainment(AMC)$Holding up pretty well [Smile] we can do this!!

2021-07-19

LOL

Morgan Stanley: This Cycle Will Be "Hotter But Shorter" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>

2021-08-03

$Robinhood Markets, Inc.(HOOD)$they’re Using this to fund $GameStop(GME)$and $AMC Entertainment(AMC)$losses lol

2021-07-12

$CITY DEVELOPMENTS LIMITED(C09.SI)$Good time to average down or wait awhile more?

2021-06-24

$Sundial Growers Inc.(SNDL)$14.94% short interest, 297.2m shares shorted. By ortex

2021-06-17

$AMC Entertainment(AMC)$FINALLYYYYY

2021-05-07

$Occidental(OXY)$Wonder if their financials will be good this time?

2021-06-23

$AMC Entertainment(AMC)$can’t wait for the day. We can do this!! Time to take back money from the hedge funds who stole our $$. When in doubt, just go on YouTube or Reddit for conviction.

2021-06-16

$AMC Entertainment(AMC)$watch Matt Kohrs on YouTube for LIVE AMC updates and talk :)

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877563984","repostId":"875913334","repostType":1,"repost":{"id":875913334,"gmtCreate":1637594030277,"gmtModify":1644926912713,"author":{"id":"3574671931921507","authorId":"3574671931921507","name":"Wayneqq","avatar":"https://static.tigerbbs.com/05d24be2c05653913e90f51e69cfe2a8","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574671931921507","authorIdStr":"3574671931921507"},"themes":[],"title":"Demystifying Options Part 5","htmlText":"This is part 5 of Demystifying Options... 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When you BUY an opti","images":[{"img":"https://static.tigerbbs.com/22f4ddac42c5d5b06a9d7e27c56ce2f5","width":"358","height":"382"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875913334","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":841059296,"gmtCreate":1635864448231,"gmtModify":1635864448395,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/841059296","repostId":"1117726029","repostType":4,"repost":{"id":"1117726029","kind":"news","pubTimestamp":1635862053,"share":"https://www.laohu8.com/m/news/1117726029?lang=zh_CN&edition=full","pubTime":"2021-11-02 22:07","market":"us","language":"en","title":"Palantir: What Growth Could Mean For Price In 2025 And Beyond<blockquote>Palantir：2025年及以后的增长对价格意味着什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1117726029","media":"SeekingAlpha","summary":"Summary\n\nFirst, I look at PLTR's early growth from $10 to $25 or so today.\nSecond, I review PLTR's g","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>First, I look at PLTR's early growth from $10 to $25 or so today.</li>  <li>Second, I review PLTR's growth assumptions once again showing how 30% growth per year is probably too modest.</li>  <li>Third, I show how leverage on PLTR using long-dated options probably isn't going to greatly accelerate investor gains over the next 2-3 years.</li>  <li>Fourth, I explain how many shares are needed right now to reach $1 million in PLTR stock by the end of 2025, given rational growth models.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/914f43b37e64c3a5067eb0b621b8686c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>KevinHyde/iStock via Getty Images</span></p><p><blockquote><ul><li>首先，我看看PLTR从10美元到今天25美元左右的早期增长。</li><li>其次，我再次回顾了PLTR的增长假设，表明每年30%的增长可能过于温和。</li><li>第三，我展示了使用长期期权的PLTR杠杆可能不会在未来2-3年内大大加速投资者的收益。</li><li>第四，我解释了根据理性增长模型，到2025年底PLTR股票达到100万美元需要多少股。</li></ul><p class=\"t-img-caption\"><span>KevinHyde/iStock来自Getty Images</span></p></blockquote></p><p> <b>Background</b></p><p><blockquote><b>背景</b></blockquote></p><p> It's very simple really. What's growth really mean for Palantir(NYSE:PLTR)investors in 2022, 2023, 2024 and beyond? This is more difficult to answer than it might appear on the surface but all will be revealed.</p><p><blockquote>真的很简单。2022年、2023年、2024年及以后的增长对Palantir（纽约证券交易所股票代码：PLTR）投资者真正意味着什么？这比表面上看起来更难回答，但一切都将被揭示。</blockquote></p><p> Here's how the article will play out.</p><p><blockquote>这篇文章将如何展开。</blockquote></p><p> <ul>  <li>First, I look at PLTR's early growth from $10 to $25 or so today. I don't expect the same year-over-year growth, but PLTR investors today could still do very well.</li>  <li>Second, I review PLTR's growth assumptions once again showing how 30% growth per year is too probably too modest. I still believe PLTR is sandbagging.</li>  <li>Third, I show how leverage on PLTR using long-dated options probably isn't going to greatly accelerate investor gains over the next 2-3 years. That's not to say options are bad, but LEAPS don't look sexy here.</li>  <li>Lastly, I explain how many shares are needed right now to reach $1 million in PLTR stock by the end of 2025, given rational growth models. This is not \"get rich quick\" at all, but instead it's meant to be an intriguing way to frame future growth for any investor.</li> </ul> <b>Past Performance Won't Get You There</b></p><p><blockquote><ul><li>首先，我看看PLTR从10美元到今天25美元左右的早期增长。我预计不会出现同样的同比增长，但PLTR投资者今天仍然可以做得很好。</li><li>其次，我再次回顾了PLTR的增长假设，表明每年30%的增长可能过于温和。我仍然相信PLTR是沙袋。</li><li>第三，我展示了使用长期期权的PLTR杠杆可能不会在未来2-3年内大大加速投资者的收益。这并不是说选项不好，但跳跃在这里看起来并不性感。</li><li>最后，我解释了根据理性增长模型，到2025年底PLTR股票达到100万美元需要多少股。这根本不是“快速致富”，而是对任何投资者来说都是一种构建未来增长的有趣方式。</li></ul><b>过去的表现不会让你达到目标</b></blockquote></p><p> Let's start with a basic approach. Here's how PLTR looks thus far:</p><p><blockquote>让我们从一个基本方法开始。以下是PLTR迄今为止的样子：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ae3bb5915890ce620bdb3015a49df9b2\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In one year, PLTR has gone up 155% going from $10 on September 30th, 2020 through $25.88 on October 29th, 2021. (I'm seeing $26.47 right now.)</p><p><blockquote>一年内，PLTR从2020年9月30日的10美元上涨至2021年10月29日的25.88美元，上涨了155%。（我现在看到的是26.47美元。）</blockquote></p><p> Although I don't expect similar results going forward, we can roughly estimate how things would look. It's been about 400 days since PLTR's DPO. Therefore, very grossly speaking, PLTR is gaining about 0.23% per day compounded. I did that fast, and very back-of-napkin, but it's still fun and interesting, if not ridiculous. Here's how things would look now if you bought at the DPO:</p><p><blockquote>虽然我预计未来不会出现类似的结果，但我们可以粗略估计事情会是什么样子。距离PLTR的DPO已经过去了大约400天。因此，粗略地说，PLTR每天的复合涨幅约为0.23%。我做得很快，非常像餐巾纸，但它仍然很有趣，如果不是荒谬的话。如果您在DPO购买，现在的情况如下：</blockquote></p><p> <ul>  <li>10 shares at DPO for $100 = $250</li>  <li>100 shares at DPO for $1,000 = $2,500</li>  <li>1,000 shares at DPO for $10,000 = $25,000</li>  <li>10,000 shares at DPO for $100,000 = $250,000</li> </ul> In other words, even with $100K invested you would not yet be a PLTR millionaire. How many more days at 0.23% would it take to reach $1 million in PLTR stock in this case? Here's the math:</p><p><blockquote><ul><li>DPO 10股，价格为100美元=250美元</li><li>DPO 100股，价格为1,000美元=2,500美元</li><li>DPO 1,000股，售价10,000美元=25,000美元</li><li>DPO 10,000股，售价100,000美元=250,000美元</li></ul>换句话说，即使投资了10万美元，你也不会成为PLTR百万富翁。在这种情况下，以0.23%的价格，PLTR股票还需要多少天才能达到100万美元？下面是数学：</blockquote></p><p> <ul>  <li>10 shares at DPO = 4,000 days (about 11 years)</li>  <li>100 shares at DPO = 3,000 days (about 8 years)</li>  <li>1,000 shares at DPO = 2,000 days (about 5.5 years)</li>  <li>10,000 shares at DPO = 1,000 days (about 2.5 years)</li> </ul> Of course, this is mostly absurd. Getting 150% returns per year is outlandish and it would have required buying right at the DPO for $10 per share. Plus, you'd need to keep getting 150% per year. Also, it would require zero selling. And, much more. Although this is all fun, it's unrealistic for most investors.</p><p><blockquote><ul><li>10股DPO=4,000天（约11年）</li><li>100股DPO=3,000天（约8年）</li><li>1,000股DPO=2,000天（约5.5年）</li><li>10,000股DPO=1,000天（约2.5年）</li></ul>当然，这大多是荒谬的。每年获得150%的回报是很奇怪的，而且需要在DPO以每股10美元的价格购买。另外，你需要保持每年150%的收益。此外，它需要零销售。而且，还有更多。虽然这一切都很有趣，但对大多数投资者来说却是不现实的。</blockquote></p><p> So, the first big point is that even starting with a lot of money and lot of shares,<i>very few investors are hitting $1 million with PLTR right now</i>. And, even with robust assumptions, it'll take many more years to hit the big goal. Therefore, patience is required. There's no way around the math.</p><p><blockquote>所以，第一个重要的一点是，即使一开始有很多钱和很多股票，<i>目前很少有投资者通过PLTR达到100万美元</i>而且，即使有稳健的假设，也需要很多年才能实现这个大目标。因此，需要耐心。没有办法绕过数学。</blockquote></p><p> <b>More Reasonable Assumptions</b></p><p><blockquote><b>更合理的假设</b></blockquote></p><p> For a moment, let's review one basic ratio.</p><p><blockquote>一会儿，让我们回顾一下一个基本比率。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/03d62686c7b3057066e9993cc4c676c3\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Squinting a bit, you can see that PLTR's average price-to-sales ratio is about 28. Next, here are several more mature software companies, plus PayPal(NASDAQ:PYPL), CrowdStrike(NASDAQ:CRWD)and Snowflake(NYSE:SNOW)for a bit of fun, and added perspective.</p><p><blockquote>稍微眯一下眼睛，可以看到PLTR的平均市销率约为28。接下来，这里有几家更成熟的软件公司，加上PayPal（纳斯达克股票代码：PYPL）、CrowdStrike（纳斯达克股票代码：CRWD）和Snowflake（纽约证券交易所股票代码：SNOW），以获得一点乐趣，并增加视角。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5b5712325a7823b3bfb18b559201dbcc\" tg-width=\"635\" tg-height=\"535\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Not surprisingly, SNOW still has a much higher P/S ratio than PLTR. That's been the case for a while. And, CRWD is quite a bit higher. Then, naturally, all the older and bigger software companies I've shown here have significantly lower P/S ratios.<i>Maturity acts like gravity, pulling P/S down.</i></p><p><blockquote>毫不奇怪，SNOW的市盈率仍然远高于PLTR。这种情况已经有一段时间了。而且，CRWD要高得多。当然，我在这里展示的所有历史悠久、规模较大的软件公司的市盈率都明显较低。<i>成熟度就像重力一样，拉低市盈率。</i></blockquote></p><p></p><p> However, with PLTR, I could easily see the P/S hold around 28 for the next several years as long as strong growth is maintained. In fact, we could see the P/S grow upwards to 40-50, or perhaps higher. On the other hand, it could drop down into the 18-22 range. Of course, anything is possible but I'm trying to establish some guardrails.</p><p><blockquote>然而，通过PLTR，我可以很容易地看到，只要保持强劲增长，未来几年市盈率将保持在28左右。事实上，我们可以看到市盈率增长到40-50，甚至更高。另一方面，它可能会下降到18-22的范围。当然，一切皆有可能，但我正在努力建立一些护栏。</blockquote></p><p> Here's why this matters:</p><p><blockquote>这就是为什么这很重要：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c1c90ea898fbbebcb6c5d7e728153db\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: PLTR Q2 Earnings Slides</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：PLTR第二季度收益幻灯片</span></p></blockquote></p><p> If revenue growth holds at 30% and price holds with respect to those sales, as the ratios indicate at this point, then we can do a bit of extrapolation. In other words, assuming 30% share price increases year over year isn't too crazy. Here's how that looks, assuming we start with a price of $25 right now:</p><p><blockquote>如果收入增长保持在30%，价格相对于这些销售额保持不变，如此时的比率所示，那么我们可以做一些外推。换句话说，假设股价同比上涨30%并不算太疯狂。假设我们现在的价格为25美元，情况如下：</blockquote></p><p> <ul>  <li>2022 = $32.50</li>  <li>2023 = $42.25</li>  <li>2024 = $54.93</li>  <li>2025 = $71.40</li> </ul> But, here's the rub. I think that maybe PLTR is sandbagging. I wrote an article all about this with a&nbsp;ton of interesting proof.</p><p><blockquote><ul><li>2022=$32.50</li><li>2023=$42.25</li><li>2024=$54.93</li><li>2025=$71.40</li></ul>但是，问题来了。我认为PLTR可能是沙袋。我写了一篇关于这个的文章，有很多有趣的证据。</blockquote></p><p> In fact, 40% growth might also be too conservative, and according to my projections, PLTR is actually quite capable of 50% CAGR through 2025. For reference:Palantir Is Sandbagging Growth Projections.</p><p><blockquote>事实上，40%的增长也可能过于保守，根据我的预测，PLTR实际上有能力在2025年实现50%的复合年增长率。供参考：Palantir正在对增长预测进行沙袋。</blockquote></p><p> Now, stick with me. Because at this point, we're moving from 30%, to a much higher set of numbers.</p><p><blockquote>现在，跟着我。因为在这一点上，我们正在从30%上升到一组更高的数字。</blockquote></p><p> Follow The Math</p><p><blockquote>遵循数学</blockquote></p><p> I ran some numbers back in that article back in June 2021 when PLTR was trading a little bit lower, at $24. Here are those projections:</p><p><blockquote>我在2021年6月的那篇文章中计算了一些数字，当时PLTR的交易价格略低，为24美元。以下是这些预测：</blockquote></p><p> <ul>  <li>2022 = $34 (40% growth)</li>  <li>2023 = $47 (40% growth)</li>  <li>2024 = $66 (40% growth)</li>  <li>2025 = $92 (40% growth)</li> </ul> Then...</p><p><blockquote><ul><li>2022年=34美元（增长40%）</li><li>2023年=47美元（增长40%）</li><li>2024年=66美元（增长40%）</li><li>2025年=92美元（增长40%）</li></ul>然后...</blockquote></p><p> <ul>  <li>2022 = $36 (50% growth)</li>  <li>2023 = $54 (50% growth)</li>  <li>2024 = $81 (50% growth)</li>  <li>2025 = $122 (50% growth)</li> </ul> Again, for reference:Palantir Is Sandbagging Growth Projections. The math tells us that if PLTR is expecting $4 billion in revenue by 2025, then it's got to grow way above 30%. So,<i>going way above $100 is perfectly rational.</i></p><p><blockquote><ul><li>2022年=36美元（增长50%）</li><li>2023年=54美元（增长50%）</li><li>2024年=81美元（增长50%）</li><li>2025年=122美元（增长50%）</li></ul>再次供参考：Palantir正在对增长预测进行沙袋。数学告诉我们，如果PLTR预计到2025年收入将达到40亿美元，那么它的增长速度必须远远超过30%。所以，<i>远高于100美元是完全合理的。</i></blockquote></p><p> Therefore, in 2025, being a PLTR millionaire would require just under 11,000 shares assuming 40% growth and hitting $92. Being a PLTR millionaire would require about 8,200 shares assuming 50% growth and hitting $122 per share.</p><p><blockquote>因此，假设增长40%并达到92美元，到2025年，成为PLTR百万富翁需要持有近11,000股股票。假设增长率为50%并达到每股122美元，成为PLTR百万富翁需要持有约8,200股。</blockquote></p><p> Getting your hands on 11,000 shares right now at $26 would set you back $286K and 8,200 shares would cost you about $213K. Roughly speaking, you'd need $200-300K of PLTR, depending on your assumptions, and then how things actually work out.</p><p><blockquote>现在以26美元的价格购买11,000股股票将花费您28.6万美元，而8,200股将花费您约21.3万美元。粗略地说，您需要20-30万美元的PLTR，具体取决于您的假设以及实际情况。</blockquote></p><p> Obviously, you can run your own numbers for your own portfolio from this point. The frameworks are simple, but clear. While I don't expect any kind of smooth growth from here, I do expect tremendous and growing strength over the coming 3-5 years, let alone the next 8-10 years.</p><p><blockquote>显然，从这一点开始，您可以为自己的投资组合运行自己的数字。这些框架很简单，但很清晰。虽然我不指望这里会有任何平稳的增长，但我确实预计未来3-5年会有巨大的增长力量，更不用说未来8-10年了。</blockquote></p><p> With a substantial \"down payment\" becoming a PLTR millionaire isn't impossible, but that's not exact the point. Instead, it's to consider the tremendous growth in PLTR itself, but also the share price along the way. Even a modest amount of PLTR could turn into a handsome pile; thank you, growth.</p><p><blockquote>有了可观的“首付”，成为PLTR百万富翁并非不可能，但这并不是重点。相反，要考虑PLTR本身的巨大增长，还要考虑一路走来的股价。即使是适量的PLTR也可能变成一大堆；谢谢你，成长。</blockquote></p><p> <b>Is Leverage Worth It?</b></p><p><blockquote><b>杠杆值得吗？</b></blockquote></p><p> Maybe we could use options to&nbsp;exploit leverage:</p><p><blockquote>也许我们可以使用期权来利用杠杆：</blockquote></p><p>   Options can provide leverage. This means an option buyer can pay a relatively small premium for market exposure in relation to the contract value (usually 100 shares of the underlying stock). An investor can see large percentage gains from comparatively small, favorable percentage moves in the underlying product.  Just remember the key risk if you're buying options:</p><p><blockquote>期权可以提供杠杆作用。这意味着期权买方可以为与合约价值（通常是100股标的股票）相关的市场敞口支付相对较小的溢价。投资者可以从基础产品相对较小、有利的百分比变动中看到较大的百分比收益。如果您购买期权，请记住主要风险：</blockquote></p><p>   Leverage also has downside implications. If the underlying stock price does not rise or fall as anticipated during the lifetime of the option, leverage could magnify the investment's percentage loss. Options offer their owners a predetermined, set risk.  <b>However, if the owner's options expire with no value, this loss can be the entire amount of the premium paid for the option</b>. [Emphasis: Author's]  And, depending on your belief or \"faith\" in PLTR's growth, you could use long dated options or \"LEAPS\" to become wealthy with PLTR.</p><p><blockquote>杠杆也有负面影响。如果标的股票价格在期权有效期内没有按预期上涨或下跌，杠杆可能会放大投资的百分比损失。期权为其所有者提供了预定的、设定的风险。<b>但是，如果所有者的期权到期时没有价值，则该损失可以是为期权支付的溢价的全部金额</b>.[强调：作者的]而且，根据您对PLTR增长的信念或“信念”，您可以使用长期期权或“飞跃”通过PLTR致富。</blockquote></p><p> For example, we can easily go out all the way to early 2024:</p><p><blockquote>例如，我们可以轻松地一路走到2024年初：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fd29dee567adf170dd52396e1525bf0\" tg-width=\"397\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Source: TD Ameritrade</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：德美利证券</span></p></blockquote></p><p> Assuming you could buy PLTR LEAPs for $4.75 with a strike price of $40, then you could potentially do quite well if PLTR's growth numbers play out.</p><p><blockquote>假设您可以以4.75美元的价格购买PLTR LEAPs，执行价为40美元，那么如果PLTR的增长数据出现，您可能会做得很好。</blockquote></p><p> With 40% share price growth, PLTR would hit $47 by the end of 2023. And, with 50% growth, PLTR would hit $54 by the end of 2023.</p><p><blockquote>随着股价增长40%，PLTR到2023年底将达到47美元。而且，随着50%的增长，PLTR到2023年底将达到54美元。</blockquote></p><p> At a glance that sounds good,<i>but it's not fantastic</i>. I don't even really have to run the numbers because at a glance you can see that you'd maybe 2x to 3x your money invested right now using PLTR LEAPS with a $40 strike.</p><p><blockquote>听起来不错的一瞥，<i>但这并不美妙</i>.我什至不需要计算这些数字，因为一眼就可以看出，使用PLTR LEAPS和40美元的罢工，您现在可能会投资2到3倍的资金。</blockquote></p><p></p><p> Instead, maybe we'd want to look more closely at the $27 strike, for example:</p><p><blockquote>相反，也许我们需要更仔细地研究27美元的罢工，例如：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca9ccabc791d1c116f6cda58e4dcf606\" tg-width=\"397\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Source: TD Ameritrade</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：德美利证券</span></p></blockquote></p><p> At this point, assuming $8 for each PLTR Jan 2024 LEAP with a $27 strike, we're looking at $12 assuming gains per LEAP with 40% growth. Furthermore, we're look at about $19 gains per LEAP with 50% growth.</p><p><blockquote>目前，假设PLTR 2024年1月每次飞跃8美元，执行价格为27美元，假设每次飞跃的收益增长40%，我们预计价格为12美元。此外，我们预计每次飞跃将获得约19美元的收益，增长率为50%。</blockquote></p><p> To be clear, what I'm doing is adding the $8 LEAP cost and the $27 strike price. That's $35. Then, I'm taking $47 which assumes 40% growth, and subtracting to get the difference, which is $12. And, I'm taking the $54 which assumes 50% growth, and subtracting the same way to get $19. Nothing too fancy here, and no complicated math. Either way,<i>it falls short again</i>.</p><p><blockquote>需要明确的是，我所做的是添加8美元的跳跃成本和27美元的执行价格。那是35美元。然后，我取47美元，假设增长40%，减去得到差额，即12美元。我取假设增长50%的54美元，用同样的方法减去得到19美元。这里没有太花哨的东西，也没有复杂的数学。不管怎样，<i>又功亏一篑</i>.</blockquote></p><p> Putting $8 in maybe gets us 1.5x to 2.5x returns in about 2 years. Of course, it could be more like 3x, or even maybe a bit higher. However, buying and holding is likely to generate similar gains,<i>with less risk</i>.</p><p><blockquote>投入8美元可能会在大约2年内获得1.5倍到2.5倍的回报。当然，它可能更像是3倍，甚至可能更高一点。然而，买入并持有可能会产生类似的收益，<i>风险较小</i>.</blockquote></p><p> The message is this. The options market is smart, and forward looking. And, in this case, it's basically letting us know that PLTR's growth is likely to be in the 40-50% range, as I've explained above. The deeper lesson is to have patience with PLTR common equity. The growth is there and leverage won't accelerate gains without adding too much risk.</p><p><blockquote>信息是这样的。期权市场是聪明的，也是前瞻性的。而且，在这种情况下，它基本上让我们知道PLTR的增长可能在40-50%的范围内，正如我上面解释的那样。更深刻的教训是对PLTR普通股要有耐心。增长是存在的，杠杆不会在不增加太多风险的情况下加速收益。</blockquote></p><p> At this point in time, I'm not investing in PLTR LEAPS. Buying and holding, with strong growth tailwinds is plenty good enough for most investors. Or, at a minimum, buying PLTR and holding is good enough for my portfolio.</p><p><blockquote>目前，我不会投资PLTR LEAPS。对于大多数投资者来说，在强劲增长的推动下买入并持有已经足够好了。或者，至少，购买PLTR并持有对我的投资组合来说已经足够好了。</blockquote></p><p> Wrap Up</p><p><blockquote>总结</blockquote></p><p> First, I looked at PLTR's early growth from $10 to $25 or so today. I'm not expecting 150% gains every year, however. That's far too greedy and besides, the uncertainty around PLTR is slowly fading, thereby stabilizing things quite a bit. In part, this is what's holding PLTR in the $22 to $28 range, I believe. The burn off of uncertainty has built a floor, or trading zone. I'm confident this floor will move upwards in 2022.</p><p><blockquote>首先，我看了PLTR早期从10美元增长到今天的25美元左右。然而，我预计每年不会有150%的收益。这太贪婪了，此外，围绕PLTR的不确定性正在慢慢消退，从而稳定了局势。我相信，在某种程度上，这就是PLTR保持在22美元至28美元范围内的原因。不确定性的消失建立了一个地板或交易区。我相信这一层会在2022年向上移动。</blockquote></p><p> Second, I reviewed PLTR's growth assumptions once again, showing how 30% growth per year is too probably too modest. Instead, it's looking like we'll see more like 40-50% per year for the next 3-5 years. Furthermore, assuming there's not a collapse in the P/S ratio, investors could enjoy 40-50% capital gains per year, although it might be quite lumpy along the way. If this is true, then hitting $90 to $120 in 2025 is rational.</p><p><blockquote>其次，我再次回顾了PLTR的增长假设，表明每年30%的增长可能过于温和。相反，看起来未来3-5年我们每年会看到40-50%的增长。此外，假设市盈率没有崩溃，投资者每年可以享受40-50%的资本收益，尽管在此过程中可能会相当不稳定。如果这是真的，那么2025年触及90美元至120美元是理性的。</blockquote></p><p> As a quick sidebar, I can see PLTR hitting somewhere between $65 to $85 by the end of 2023, along the way. If PLTR can show concrete growth, and if they can taper&nbsp;stock-based compensation, this seems quite plausible.</p><p><blockquote>作为一个快速边栏，我可以看到PLTR到2023年底将达到65美元至85美元之间。如果PLTR能够显示出具体的增长，并且如果他们能够减少基于股票的薪酬，这似乎是相当合理的。</blockquote></p><p> Third, I've used long-dated options and some rough math to show that using leverage on PLTR in the market probably isn't going to greatly accelerate gains over 2-3 years. However, even it does work out, the risk to capital goes up. While there are some times where options work well, e.g.,selling PLTR puts, using LEAPS right now doesn't look favorable enough. Better to buy and hold, in most cases.</p><p><blockquote>第三，我使用长期期权和一些粗略的数学计算表明，在市场上对PLTR使用杠杆可能不会在2-3年内大幅加速收益。然而，即使成功了，资本风险也会上升。虽然有些时候期权效果很好，例如出售PLTR看跌期权，但现在使用LEAPS看起来还不够有利。在大多数情况下，最好买入并持有。</blockquote></p><p> As another sidebar, I enjoyed looking at PLTR LEAPS, which gives investors some added confidence in PLTR's growth over the next 2-3 years. The options market is rather intelligent as a wisdom of the crowds prediction model. I'm seeing an optimistic \"thumbs up\" right now.<i>Growth Stock Renegade</i>subscribers got an extra special view of this phenomenon, I might add.</p><p><blockquote>作为另一个侧边栏，我喜欢关注PLTR的飞跃，这让投资者对PLTR未来2-3年的增长更有信心。期权市场作为人群预测模型的智慧相当聪明。我现在看到了乐观的“竖起大拇指”。<i>成长股叛徒</i>我可以补充一点，订户对这种现象有一个额外的特殊看法。</blockquote></p><p> And lastly, as a fun exercise, I've shown that you'd likely need 8,000 to 12,000 shares, and 40-50% CAGR on those shares, to reach $1 million. That would require setting aside $200-300K, and waiting patiently until 2025. Maybe that's acceptable, and maybe not, but at least you have a framework now to understand the potential. That's the real point.</p><p><blockquote>最后，作为一个有趣的练习，我已经证明了你可能需要8,000到12,000股，以及这些股票40-50%的复合年增长率，才能达到100万美元。这需要留出20-30万美元，并耐心等待到2025年。也许这是可以接受的，也许不是，但至少你现在有一个框架来理解潜力。这才是真正的重点。</blockquote></p><p> Obviously, you can take all of this data plus the growth rates and come to your own conclusions. What I know is that my confidence in PLTR is still quite high and I continue to maintain my bullish position.</p><p><blockquote>显然，你可以把所有这些数据加上增长率，得出自己的结论。我所知道的是，我对PLTR的信心仍然相当高，我继续维持我的看涨立场。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: What Growth Could Mean For Price In 2025 And Beyond<blockquote>Palantir：2025年及以后的增长对价格意味着什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: What Growth Could Mean For Price In 2025 And Beyond<blockquote>Palantir：2025年及以后的增长对价格意味着什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">SeekingAlpha</strong><span class=\"h-time small\">2021-11-02 22:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>First, I look at PLTR's early growth from $10 to $25 or so today.</li>  <li>Second, I review PLTR's growth assumptions once again showing how 30% growth per year is probably too modest.</li>  <li>Third, I show how leverage on PLTR using long-dated options probably isn't going to greatly accelerate investor gains over the next 2-3 years.</li>  <li>Fourth, I explain how many shares are needed right now to reach $1 million in PLTR stock by the end of 2025, given rational growth models.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/914f43b37e64c3a5067eb0b621b8686c\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>KevinHyde/iStock via Getty Images</span></p><p><blockquote><ul><li>首先，我看看PLTR从10美元到今天25美元左右的早期增长。</li><li>其次，我再次回顾了PLTR的增长假设，表明每年30%的增长可能过于温和。</li><li>第三，我展示了使用长期期权的PLTR杠杆可能不会在未来2-3年内大大加速投资者的收益。</li><li>第四，我解释了根据理性增长模型，到2025年底PLTR股票达到100万美元需要多少股。</li></ul><p class=\"t-img-caption\"><span>KevinHyde/iStock来自Getty Images</span></p></blockquote></p><p> <b>Background</b></p><p><blockquote><b>背景</b></blockquote></p><p> It's very simple really. What's growth really mean for Palantir(NYSE:PLTR)investors in 2022, 2023, 2024 and beyond? This is more difficult to answer than it might appear on the surface but all will be revealed.</p><p><blockquote>真的很简单。2022年、2023年、2024年及以后的增长对Palantir（纽约证券交易所股票代码：PLTR）投资者真正意味着什么？这比表面上看起来更难回答，但一切都将被揭示。</blockquote></p><p> Here's how the article will play out.</p><p><blockquote>这篇文章将如何展开。</blockquote></p><p> <ul>  <li>First, I look at PLTR's early growth from $10 to $25 or so today. I don't expect the same year-over-year growth, but PLTR investors today could still do very well.</li>  <li>Second, I review PLTR's growth assumptions once again showing how 30% growth per year is too probably too modest. I still believe PLTR is sandbagging.</li>  <li>Third, I show how leverage on PLTR using long-dated options probably isn't going to greatly accelerate investor gains over the next 2-3 years. That's not to say options are bad, but LEAPS don't look sexy here.</li>  <li>Lastly, I explain how many shares are needed right now to reach $1 million in PLTR stock by the end of 2025, given rational growth models. This is not \"get rich quick\" at all, but instead it's meant to be an intriguing way to frame future growth for any investor.</li> </ul> <b>Past Performance Won't Get You There</b></p><p><blockquote><ul><li>首先，我看看PLTR从10美元到今天25美元左右的早期增长。我预计不会出现同样的同比增长，但PLTR投资者今天仍然可以做得很好。</li><li>其次，我再次回顾了PLTR的增长假设，表明每年30%的增长可能过于温和。我仍然相信PLTR是沙袋。</li><li>第三，我展示了使用长期期权的PLTR杠杆可能不会在未来2-3年内大大加速投资者的收益。这并不是说选项不好，但跳跃在这里看起来并不性感。</li><li>最后，我解释了根据理性增长模型，到2025年底PLTR股票达到100万美元需要多少股。这根本不是“快速致富”，而是对任何投资者来说都是一种构建未来增长的有趣方式。</li></ul><b>过去的表现不会让你达到目标</b></blockquote></p><p> Let's start with a basic approach. Here's how PLTR looks thus far:</p><p><blockquote>让我们从一个基本方法开始。以下是PLTR迄今为止的样子：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ae3bb5915890ce620bdb3015a49df9b2\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> In one year, PLTR has gone up 155% going from $10 on September 30th, 2020 through $25.88 on October 29th, 2021. (I'm seeing $26.47 right now.)</p><p><blockquote>一年内，PLTR从2020年9月30日的10美元上涨至2021年10月29日的25.88美元，上涨了155%。（我现在看到的是26.47美元。）</blockquote></p><p> Although I don't expect similar results going forward, we can roughly estimate how things would look. It's been about 400 days since PLTR's DPO. Therefore, very grossly speaking, PLTR is gaining about 0.23% per day compounded. I did that fast, and very back-of-napkin, but it's still fun and interesting, if not ridiculous. Here's how things would look now if you bought at the DPO:</p><p><blockquote>虽然我预计未来不会出现类似的结果，但我们可以粗略估计事情会是什么样子。距离PLTR的DPO已经过去了大约400天。因此，粗略地说，PLTR每天的复合涨幅约为0.23%。我做得很快，非常像餐巾纸，但它仍然很有趣，如果不是荒谬的话。如果您在DPO购买，现在的情况如下：</blockquote></p><p> <ul>  <li>10 shares at DPO for $100 = $250</li>  <li>100 shares at DPO for $1,000 = $2,500</li>  <li>1,000 shares at DPO for $10,000 = $25,000</li>  <li>10,000 shares at DPO for $100,000 = $250,000</li> </ul> In other words, even with $100K invested you would not yet be a PLTR millionaire. How many more days at 0.23% would it take to reach $1 million in PLTR stock in this case? Here's the math:</p><p><blockquote><ul><li>DPO 10股，价格为100美元=250美元</li><li>DPO 100股，价格为1,000美元=2,500美元</li><li>DPO 1,000股，售价10,000美元=25,000美元</li><li>DPO 10,000股，售价100,000美元=250,000美元</li></ul>换句话说，即使投资了10万美元，你也不会成为PLTR百万富翁。在这种情况下，以0.23%的价格，PLTR股票还需要多少天才能达到100万美元？下面是数学：</blockquote></p><p> <ul>  <li>10 shares at DPO = 4,000 days (about 11 years)</li>  <li>100 shares at DPO = 3,000 days (about 8 years)</li>  <li>1,000 shares at DPO = 2,000 days (about 5.5 years)</li>  <li>10,000 shares at DPO = 1,000 days (about 2.5 years)</li> </ul> Of course, this is mostly absurd. Getting 150% returns per year is outlandish and it would have required buying right at the DPO for $10 per share. Plus, you'd need to keep getting 150% per year. Also, it would require zero selling. And, much more. Although this is all fun, it's unrealistic for most investors.</p><p><blockquote><ul><li>10股DPO=4,000天（约11年）</li><li>100股DPO=3,000天（约8年）</li><li>1,000股DPO=2,000天（约5.5年）</li><li>10,000股DPO=1,000天（约2.5年）</li></ul>当然，这大多是荒谬的。每年获得150%的回报是很奇怪的，而且需要在DPO以每股10美元的价格购买。另外，你需要保持每年150%的收益。此外，它需要零销售。而且，还有更多。虽然这一切都很有趣，但对大多数投资者来说却是不现实的。</blockquote></p><p> So, the first big point is that even starting with a lot of money and lot of shares,<i>very few investors are hitting $1 million with PLTR right now</i>. And, even with robust assumptions, it'll take many more years to hit the big goal. Therefore, patience is required. There's no way around the math.</p><p><blockquote>所以，第一个重要的一点是，即使一开始有很多钱和很多股票，<i>目前很少有投资者通过PLTR达到100万美元</i>而且，即使有稳健的假设，也需要很多年才能实现这个大目标。因此，需要耐心。没有办法绕过数学。</blockquote></p><p> <b>More Reasonable Assumptions</b></p><p><blockquote><b>更合理的假设</b></blockquote></p><p> For a moment, let's review one basic ratio.</p><p><blockquote>一会儿，让我们回顾一下一个基本比率。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/03d62686c7b3057066e9993cc4c676c3\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Squinting a bit, you can see that PLTR's average price-to-sales ratio is about 28. Next, here are several more mature software companies, plus PayPal(NASDAQ:PYPL), CrowdStrike(NASDAQ:CRWD)and Snowflake(NYSE:SNOW)for a bit of fun, and added perspective.</p><p><blockquote>稍微眯一下眼睛，可以看到PLTR的平均市销率约为28。接下来，这里有几家更成熟的软件公司，加上PayPal（纳斯达克股票代码：PYPL）、CrowdStrike（纳斯达克股票代码：CRWD）和Snowflake（纽约证券交易所股票代码：SNOW），以获得一点乐趣，并增加视角。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/5b5712325a7823b3bfb18b559201dbcc\" tg-width=\"635\" tg-height=\"535\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Not surprisingly, SNOW still has a much higher P/S ratio than PLTR. That's been the case for a while. And, CRWD is quite a bit higher. Then, naturally, all the older and bigger software companies I've shown here have significantly lower P/S ratios.<i>Maturity acts like gravity, pulling P/S down.</i></p><p><blockquote>毫不奇怪，SNOW的市盈率仍然远高于PLTR。这种情况已经有一段时间了。而且，CRWD要高得多。当然，我在这里展示的所有历史悠久、规模较大的软件公司的市盈率都明显较低。<i>成熟度就像重力一样，拉低市盈率。</i></blockquote></p><p></p><p> However, with PLTR, I could easily see the P/S hold around 28 for the next several years as long as strong growth is maintained. In fact, we could see the P/S grow upwards to 40-50, or perhaps higher. On the other hand, it could drop down into the 18-22 range. Of course, anything is possible but I'm trying to establish some guardrails.</p><p><blockquote>然而，通过PLTR，我可以很容易地看到，只要保持强劲增长，未来几年市盈率将保持在28左右。事实上，我们可以看到市盈率增长到40-50，甚至更高。另一方面，它可能会下降到18-22的范围。当然，一切皆有可能，但我正在努力建立一些护栏。</blockquote></p><p> Here's why this matters:</p><p><blockquote>这就是为什么这很重要：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c1c90ea898fbbebcb6c5d7e728153db\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Source: PLTR Q2 Earnings Slides</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：PLTR第二季度收益幻灯片</span></p></blockquote></p><p> If revenue growth holds at 30% and price holds with respect to those sales, as the ratios indicate at this point, then we can do a bit of extrapolation. In other words, assuming 30% share price increases year over year isn't too crazy. Here's how that looks, assuming we start with a price of $25 right now:</p><p><blockquote>如果收入增长保持在30%，价格相对于这些销售额保持不变，如此时的比率所示，那么我们可以做一些外推。换句话说，假设股价同比上涨30%并不算太疯狂。假设我们现在的价格为25美元，情况如下：</blockquote></p><p> <ul>  <li>2022 = $32.50</li>  <li>2023 = $42.25</li>  <li>2024 = $54.93</li>  <li>2025 = $71.40</li> </ul> But, here's the rub. I think that maybe PLTR is sandbagging. I wrote an article all about this with a&nbsp;ton of interesting proof.</p><p><blockquote><ul><li>2022=$32.50</li><li>2023=$42.25</li><li>2024=$54.93</li><li>2025=$71.40</li></ul>但是，问题来了。我认为PLTR可能是沙袋。我写了一篇关于这个的文章，有很多有趣的证据。</blockquote></p><p> In fact, 40% growth might also be too conservative, and according to my projections, PLTR is actually quite capable of 50% CAGR through 2025. For reference:Palantir Is Sandbagging Growth Projections.</p><p><blockquote>事实上，40%的增长也可能过于保守，根据我的预测，PLTR实际上有能力在2025年实现50%的复合年增长率。供参考：Palantir正在对增长预测进行沙袋。</blockquote></p><p> Now, stick with me. Because at this point, we're moving from 30%, to a much higher set of numbers.</p><p><blockquote>现在，跟着我。因为在这一点上，我们正在从30%上升到一组更高的数字。</blockquote></p><p> Follow The Math</p><p><blockquote>遵循数学</blockquote></p><p> I ran some numbers back in that article back in June 2021 when PLTR was trading a little bit lower, at $24. Here are those projections:</p><p><blockquote>我在2021年6月的那篇文章中计算了一些数字，当时PLTR的交易价格略低，为24美元。以下是这些预测：</blockquote></p><p> <ul>  <li>2022 = $34 (40% growth)</li>  <li>2023 = $47 (40% growth)</li>  <li>2024 = $66 (40% growth)</li>  <li>2025 = $92 (40% growth)</li> </ul> Then...</p><p><blockquote><ul><li>2022年=34美元（增长40%）</li><li>2023年=47美元（增长40%）</li><li>2024年=66美元（增长40%）</li><li>2025年=92美元（增长40%）</li></ul>然后...</blockquote></p><p> <ul>  <li>2022 = $36 (50% growth)</li>  <li>2023 = $54 (50% growth)</li>  <li>2024 = $81 (50% growth)</li>  <li>2025 = $122 (50% growth)</li> </ul> Again, for reference:Palantir Is Sandbagging Growth Projections. The math tells us that if PLTR is expecting $4 billion in revenue by 2025, then it's got to grow way above 30%. So,<i>going way above $100 is perfectly rational.</i></p><p><blockquote><ul><li>2022年=36美元（增长50%）</li><li>2023年=54美元（增长50%）</li><li>2024年=81美元（增长50%）</li><li>2025年=122美元（增长50%）</li></ul>再次供参考：Palantir正在对增长预测进行沙袋。数学告诉我们，如果PLTR预计到2025年收入将达到40亿美元，那么它的增长速度必须远远超过30%。所以，<i>远高于100美元是完全合理的。</i></blockquote></p><p> Therefore, in 2025, being a PLTR millionaire would require just under 11,000 shares assuming 40% growth and hitting $92. Being a PLTR millionaire would require about 8,200 shares assuming 50% growth and hitting $122 per share.</p><p><blockquote>因此，假设增长40%并达到92美元，到2025年，成为PLTR百万富翁需要持有近11,000股股票。假设增长率为50%并达到每股122美元，成为PLTR百万富翁需要持有约8,200股。</blockquote></p><p> Getting your hands on 11,000 shares right now at $26 would set you back $286K and 8,200 shares would cost you about $213K. Roughly speaking, you'd need $200-300K of PLTR, depending on your assumptions, and then how things actually work out.</p><p><blockquote>现在以26美元的价格购买11,000股股票将花费您28.6万美元，而8,200股将花费您约21.3万美元。粗略地说，您需要20-30万美元的PLTR，具体取决于您的假设以及实际情况。</blockquote></p><p> Obviously, you can run your own numbers for your own portfolio from this point. The frameworks are simple, but clear. While I don't expect any kind of smooth growth from here, I do expect tremendous and growing strength over the coming 3-5 years, let alone the next 8-10 years.</p><p><blockquote>显然，从这一点开始，您可以为自己的投资组合运行自己的数字。这些框架很简单，但很清晰。虽然我不指望这里会有任何平稳的增长，但我确实预计未来3-5年会有巨大的增长力量，更不用说未来8-10年了。</blockquote></p><p> With a substantial \"down payment\" becoming a PLTR millionaire isn't impossible, but that's not exact the point. Instead, it's to consider the tremendous growth in PLTR itself, but also the share price along the way. Even a modest amount of PLTR could turn into a handsome pile; thank you, growth.</p><p><blockquote>有了可观的“首付”，成为PLTR百万富翁并非不可能，但这并不是重点。相反，要考虑PLTR本身的巨大增长，还要考虑一路走来的股价。即使是适量的PLTR也可能变成一大堆；谢谢你，成长。</blockquote></p><p> <b>Is Leverage Worth It?</b></p><p><blockquote><b>杠杆值得吗？</b></blockquote></p><p> Maybe we could use options to&nbsp;exploit leverage:</p><p><blockquote>也许我们可以使用期权来利用杠杆：</blockquote></p><p>   Options can provide leverage. This means an option buyer can pay a relatively small premium for market exposure in relation to the contract value (usually 100 shares of the underlying stock). An investor can see large percentage gains from comparatively small, favorable percentage moves in the underlying product.  Just remember the key risk if you're buying options:</p><p><blockquote>期权可以提供杠杆作用。这意味着期权买方可以为与合约价值（通常是100股标的股票）相关的市场敞口支付相对较小的溢价。投资者可以从基础产品相对较小、有利的百分比变动中看到较大的百分比收益。如果您购买期权，请记住主要风险：</blockquote></p><p>   Leverage also has downside implications. If the underlying stock price does not rise or fall as anticipated during the lifetime of the option, leverage could magnify the investment's percentage loss. Options offer their owners a predetermined, set risk.  <b>However, if the owner's options expire with no value, this loss can be the entire amount of the premium paid for the option</b>. [Emphasis: Author's]  And, depending on your belief or \"faith\" in PLTR's growth, you could use long dated options or \"LEAPS\" to become wealthy with PLTR.</p><p><blockquote>杠杆也有负面影响。如果标的股票价格在期权有效期内没有按预期上涨或下跌，杠杆可能会放大投资的百分比损失。期权为其所有者提供了预定的、设定的风险。<b>但是，如果所有者的期权到期时没有价值，则该损失可以是为期权支付的溢价的全部金额</b>.[强调：作者的]而且，根据您对PLTR增长的信念或“信念”，您可以使用长期期权或“飞跃”通过PLTR致富。</blockquote></p><p> For example, we can easily go out all the way to early 2024:</p><p><blockquote>例如，我们可以轻松地一路走到2024年初：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1fd29dee567adf170dd52396e1525bf0\" tg-width=\"397\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Source: TD Ameritrade</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：德美利证券</span></p></blockquote></p><p> Assuming you could buy PLTR LEAPs for $4.75 with a strike price of $40, then you could potentially do quite well if PLTR's growth numbers play out.</p><p><blockquote>假设您可以以4.75美元的价格购买PLTR LEAPs，执行价为40美元，那么如果PLTR的增长数据出现，您可能会做得很好。</blockquote></p><p> With 40% share price growth, PLTR would hit $47 by the end of 2023. And, with 50% growth, PLTR would hit $54 by the end of 2023.</p><p><blockquote>随着股价增长40%，PLTR到2023年底将达到47美元。而且，随着50%的增长，PLTR到2023年底将达到54美元。</blockquote></p><p> At a glance that sounds good,<i>but it's not fantastic</i>. I don't even really have to run the numbers because at a glance you can see that you'd maybe 2x to 3x your money invested right now using PLTR LEAPS with a $40 strike.</p><p><blockquote>听起来不错的一瞥，<i>但这并不美妙</i>.我什至不需要计算这些数字，因为一眼就可以看出，使用PLTR LEAPS和40美元的罢工，您现在可能会投资2到3倍的资金。</blockquote></p><p></p><p> Instead, maybe we'd want to look more closely at the $27 strike, for example:</p><p><blockquote>相反，也许我们需要更仔细地研究27美元的罢工，例如：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ca9ccabc791d1c116f6cda58e4dcf606\" tg-width=\"397\" tg-height=\"384\" width=\"100%\" height=\"auto\"><span>Source: TD Ameritrade</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：德美利证券</span></p></blockquote></p><p> At this point, assuming $8 for each PLTR Jan 2024 LEAP with a $27 strike, we're looking at $12 assuming gains per LEAP with 40% growth. Furthermore, we're look at about $19 gains per LEAP with 50% growth.</p><p><blockquote>目前，假设PLTR 2024年1月每次飞跃8美元，执行价格为27美元，假设每次飞跃的收益增长40%，我们预计价格为12美元。此外，我们预计每次飞跃将获得约19美元的收益，增长率为50%。</blockquote></p><p> To be clear, what I'm doing is adding the $8 LEAP cost and the $27 strike price. That's $35. Then, I'm taking $47 which assumes 40% growth, and subtracting to get the difference, which is $12. And, I'm taking the $54 which assumes 50% growth, and subtracting the same way to get $19. Nothing too fancy here, and no complicated math. Either way,<i>it falls short again</i>.</p><p><blockquote>需要明确的是，我所做的是添加8美元的跳跃成本和27美元的执行价格。那是35美元。然后，我取47美元，假设增长40%，减去得到差额，即12美元。我取假设增长50%的54美元，用同样的方法减去得到19美元。这里没有太花哨的东西，也没有复杂的数学。不管怎样，<i>又功亏一篑</i>.</blockquote></p><p> Putting $8 in maybe gets us 1.5x to 2.5x returns in about 2 years. Of course, it could be more like 3x, or even maybe a bit higher. However, buying and holding is likely to generate similar gains,<i>with less risk</i>.</p><p><blockquote>投入8美元可能会在大约2年内获得1.5倍到2.5倍的回报。当然，它可能更像是3倍，甚至可能更高一点。然而，买入并持有可能会产生类似的收益，<i>风险较小</i>.</blockquote></p><p> The message is this. The options market is smart, and forward looking. And, in this case, it's basically letting us know that PLTR's growth is likely to be in the 40-50% range, as I've explained above. The deeper lesson is to have patience with PLTR common equity. The growth is there and leverage won't accelerate gains without adding too much risk.</p><p><blockquote>信息是这样的。期权市场是聪明的，也是前瞻性的。而且，在这种情况下，它基本上让我们知道PLTR的增长可能在40-50%的范围内，正如我上面解释的那样。更深刻的教训是对PLTR普通股要有耐心。增长是存在的，杠杆不会在不增加太多风险的情况下加速收益。</blockquote></p><p> At this point in time, I'm not investing in PLTR LEAPS. Buying and holding, with strong growth tailwinds is plenty good enough for most investors. Or, at a minimum, buying PLTR and holding is good enough for my portfolio.</p><p><blockquote>目前，我不会投资PLTR LEAPS。对于大多数投资者来说，在强劲增长的推动下买入并持有已经足够好了。或者，至少，购买PLTR并持有对我的投资组合来说已经足够好了。</blockquote></p><p> Wrap Up</p><p><blockquote>总结</blockquote></p><p> First, I looked at PLTR's early growth from $10 to $25 or so today. I'm not expecting 150% gains every year, however. That's far too greedy and besides, the uncertainty around PLTR is slowly fading, thereby stabilizing things quite a bit. In part, this is what's holding PLTR in the $22 to $28 range, I believe. The burn off of uncertainty has built a floor, or trading zone. I'm confident this floor will move upwards in 2022.</p><p><blockquote>首先，我看了PLTR早期从10美元增长到今天的25美元左右。然而，我预计每年不会有150%的收益。这太贪婪了，此外，围绕PLTR的不确定性正在慢慢消退，从而稳定了局势。我相信，在某种程度上，这就是PLTR保持在22美元至28美元范围内的原因。不确定性的消失建立了一个地板或交易区。我相信这一层会在2022年向上移动。</blockquote></p><p> Second, I reviewed PLTR's growth assumptions once again, showing how 30% growth per year is too probably too modest. Instead, it's looking like we'll see more like 40-50% per year for the next 3-5 years. Furthermore, assuming there's not a collapse in the P/S ratio, investors could enjoy 40-50% capital gains per year, although it might be quite lumpy along the way. If this is true, then hitting $90 to $120 in 2025 is rational.</p><p><blockquote>其次，我再次回顾了PLTR的增长假设，表明每年30%的增长可能过于温和。相反，看起来未来3-5年我们每年会看到40-50%的增长。此外，假设市盈率没有崩溃，投资者每年可以享受40-50%的资本收益，尽管在此过程中可能会相当不稳定。如果这是真的，那么2025年触及90美元至120美元是理性的。</blockquote></p><p> As a quick sidebar, I can see PLTR hitting somewhere between $65 to $85 by the end of 2023, along the way. If PLTR can show concrete growth, and if they can taper&nbsp;stock-based compensation, this seems quite plausible.</p><p><blockquote>作为一个快速边栏，我可以看到PLTR到2023年底将达到65美元至85美元之间。如果PLTR能够显示出具体的增长，并且如果他们能够减少基于股票的薪酬，这似乎是相当合理的。</blockquote></p><p> Third, I've used long-dated options and some rough math to show that using leverage on PLTR in the market probably isn't going to greatly accelerate gains over 2-3 years. However, even it does work out, the risk to capital goes up. While there are some times where options work well, e.g.,selling PLTR puts, using LEAPS right now doesn't look favorable enough. Better to buy and hold, in most cases.</p><p><blockquote>第三，我使用长期期权和一些粗略的数学计算表明，在市场上对PLTR使用杠杆可能不会在2-3年内大幅加速收益。然而，即使成功了，资本风险也会上升。虽然有些时候期权效果很好，例如出售PLTR看跌期权，但现在使用LEAPS看起来还不够有利。在大多数情况下，最好买入并持有。</blockquote></p><p> As another sidebar, I enjoyed looking at PLTR LEAPS, which gives investors some added confidence in PLTR's growth over the next 2-3 years. The options market is rather intelligent as a wisdom of the crowds prediction model. I'm seeing an optimistic \"thumbs up\" right now.<i>Growth Stock Renegade</i>subscribers got an extra special view of this phenomenon, I might add.</p><p><blockquote>作为另一个侧边栏，我喜欢关注PLTR的飞跃，这让投资者对PLTR未来2-3年的增长更有信心。期权市场作为人群预测模型的智慧相当聪明。我现在看到了乐观的“竖起大拇指”。<i>成长股叛徒</i>我可以补充一点，订户对这种现象有一个额外的特殊看法。</blockquote></p><p> And lastly, as a fun exercise, I've shown that you'd likely need 8,000 to 12,000 shares, and 40-50% CAGR on those shares, to reach $1 million. That would require setting aside $200-300K, and waiting patiently until 2025. Maybe that's acceptable, and maybe not, but at least you have a framework now to understand the potential. That's the real point.</p><p><blockquote>最后，作为一个有趣的练习，我已经证明了你可能需要8,000到12,000股，以及这些股票40-50%的复合年增长率，才能达到100万美元。这需要留出20-30万美元，并耐心等待到2025年。也许这是可以接受的，也许不是，但至少你现在有一个框架来理解潜力。这才是真正的重点。</blockquote></p><p> Obviously, you can take all of this data plus the growth rates and come to your own conclusions. What I know is that my confidence in PLTR is still quite high and I continue to maintain my bullish position.</p><p><blockquote>显然，你可以把所有这些数据加上增长率，得出自己的结论。我所知道的是，我对PLTR的信心仍然相当高，我继续维持我的看涨立场。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4464239-palantir-what-growth-could-mean-for-price-in-2025-and-beyond\">SeekingAlpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4464239-palantir-what-growth-could-mean-for-price-in-2025-and-beyond","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117726029","content_text":"Summary\n\nFirst, I look at PLTR's early growth from $10 to $25 or so today.\nSecond, I review PLTR's growth assumptions once again showing how 30% growth per year is probably too modest.\nThird, I show how leverage on PLTR using long-dated options probably isn't going to greatly accelerate investor gains over the next 2-3 years.\nFourth, I explain how many shares are needed right now to reach $1 million in PLTR stock by the end of 2025, given rational growth models.\n\nKevinHyde/iStock via Getty Images\nBackground\nIt's very simple really. What's growth really mean for Palantir(NYSE:PLTR)investors in 2022, 2023, 2024 and beyond? This is more difficult to answer than it might appear on the surface but all will be revealed.\nHere's how the article will play out.\n\nFirst, I look at PLTR's early growth from $10 to $25 or so today. I don't expect the same year-over-year growth, but PLTR investors today could still do very well.\nSecond, I review PLTR's growth assumptions once again showing how 30% growth per year is too probably too modest. I still believe PLTR is sandbagging.\nThird, I show how leverage on PLTR using long-dated options probably isn't going to greatly accelerate investor gains over the next 2-3 years. That's not to say options are bad, but LEAPS don't look sexy here.\nLastly, I explain how many shares are needed right now to reach $1 million in PLTR stock by the end of 2025, given rational growth models. This is not \"get rich quick\" at all, but instead it's meant to be an intriguing way to frame future growth for any investor.\n\nPast Performance Won't Get You There\nLet's start with a basic approach. Here's how PLTR looks thus far:\n\nIn one year, PLTR has gone up 155% going from $10 on September 30th, 2020 through $25.88 on October 29th, 2021. (I'm seeing $26.47 right now.)\nAlthough I don't expect similar results going forward, we can roughly estimate how things would look. It's been about 400 days since PLTR's DPO. Therefore, very grossly speaking, PLTR is gaining about 0.23% per day compounded. I did that fast, and very back-of-napkin, but it's still fun and interesting, if not ridiculous. Here's how things would look now if you bought at the DPO:\n\n10 shares at DPO for $100 = $250\n100 shares at DPO for $1,000 = $2,500\n1,000 shares at DPO for $10,000 = $25,000\n10,000 shares at DPO for $100,000 = $250,000\n\nIn other words, even with $100K invested you would not yet be a PLTR millionaire. How many more days at 0.23% would it take to reach $1 million in PLTR stock in this case? Here's the math:\n\n10 shares at DPO = 4,000 days (about 11 years)\n100 shares at DPO = 3,000 days (about 8 years)\n1,000 shares at DPO = 2,000 days (about 5.5 years)\n10,000 shares at DPO = 1,000 days (about 2.5 years)\n\nOf course, this is mostly absurd. Getting 150% returns per year is outlandish and it would have required buying right at the DPO for $10 per share. Plus, you'd need to keep getting 150% per year. Also, it would require zero selling. And, much more. Although this is all fun, it's unrealistic for most investors.\nSo, the first big point is that even starting with a lot of money and lot of shares,very few investors are hitting $1 million with PLTR right now. And, even with robust assumptions, it'll take many more years to hit the big goal. Therefore, patience is required. There's no way around the math.\nMore Reasonable Assumptions\nFor a moment, let's review one basic ratio.\n\nSquinting a bit, you can see that PLTR's average price-to-sales ratio is about 28. Next, here are several more mature software companies, plus PayPal(NASDAQ:PYPL), CrowdStrike(NASDAQ:CRWD)and Snowflake(NYSE:SNOW)for a bit of fun, and added perspective.\n\nNot surprisingly, SNOW still has a much higher P/S ratio than PLTR. That's been the case for a while. And, CRWD is quite a bit higher. Then, naturally, all the older and bigger software companies I've shown here have significantly lower P/S ratios.Maturity acts like gravity, pulling P/S down.\nHowever, with PLTR, I could easily see the P/S hold around 28 for the next several years as long as strong growth is maintained. In fact, we could see the P/S grow upwards to 40-50, or perhaps higher. On the other hand, it could drop down into the 18-22 range. Of course, anything is possible but I'm trying to establish some guardrails.\nHere's why this matters:\nSource: PLTR Q2 Earnings Slides\nIf revenue growth holds at 30% and price holds with respect to those sales, as the ratios indicate at this point, then we can do a bit of extrapolation. In other words, assuming 30% share price increases year over year isn't too crazy. Here's how that looks, assuming we start with a price of $25 right now:\n\n2022 = $32.50\n2023 = $42.25\n2024 = $54.93\n2025 = $71.40\n\nBut, here's the rub. I think that maybe PLTR is sandbagging. I wrote an article all about this with a ton of interesting proof.\nIn fact, 40% growth might also be too conservative, and according to my projections, PLTR is actually quite capable of 50% CAGR through 2025. For reference:Palantir Is Sandbagging Growth Projections.\nNow, stick with me. Because at this point, we're moving from 30%, to a much higher set of numbers.\nFollow The Math\nI ran some numbers back in that article back in June 2021 when PLTR was trading a little bit lower, at $24. Here are those projections:\n\n2022 = $34 (40% growth)\n2023 = $47 (40% growth)\n2024 = $66 (40% growth)\n2025 = $92 (40% growth)\n\nThen...\n\n2022 = $36 (50% growth)\n2023 = $54 (50% growth)\n2024 = $81 (50% growth)\n2025 = $122 (50% growth)\n\nAgain, for reference:Palantir Is Sandbagging Growth Projections. The math tells us that if PLTR is expecting $4 billion in revenue by 2025, then it's got to grow way above 30%. So,going way above $100 is perfectly rational.\nTherefore, in 2025, being a PLTR millionaire would require just under 11,000 shares assuming 40% growth and hitting $92. Being a PLTR millionaire would require about 8,200 shares assuming 50% growth and hitting $122 per share.\nGetting your hands on 11,000 shares right now at $26 would set you back $286K and 8,200 shares would cost you about $213K. Roughly speaking, you'd need $200-300K of PLTR, depending on your assumptions, and then how things actually work out.\nObviously, you can run your own numbers for your own portfolio from this point. The frameworks are simple, but clear. While I don't expect any kind of smooth growth from here, I do expect tremendous and growing strength over the coming 3-5 years, let alone the next 8-10 years.\nWith a substantial \"down payment\" becoming a PLTR millionaire isn't impossible, but that's not exact the point. Instead, it's to consider the tremendous growth in PLTR itself, but also the share price along the way. Even a modest amount of PLTR could turn into a handsome pile; thank you, growth.\nIs Leverage Worth It?\nMaybe we could use options to exploit leverage:\n\n Options can provide leverage. This means an option buyer can pay a relatively small premium for market exposure in relation to the contract value (usually 100 shares of the underlying stock). An investor can see large percentage gains from comparatively small, favorable percentage moves in the underlying product.\n\nJust remember the key risk if you're buying options:\n\n Leverage also has downside implications. If the underlying stock price does not rise or fall as anticipated during the lifetime of the option, leverage could magnify the investment's percentage loss. Options offer their owners a predetermined, set risk.\n However, if the owner's options expire with no value, this loss can be the entire amount of the premium paid for the option. [Emphasis: Author's]\n\nAnd, depending on your belief or \"faith\" in PLTR's growth, you could use long dated options or \"LEAPS\" to become wealthy with PLTR.\nFor example, we can easily go out all the way to early 2024:\nSource: TD Ameritrade\nAssuming you could buy PLTR LEAPs for $4.75 with a strike price of $40, then you could potentially do quite well if PLTR's growth numbers play out.\nWith 40% share price growth, PLTR would hit $47 by the end of 2023. And, with 50% growth, PLTR would hit $54 by the end of 2023.\nAt a glance that sounds good,but it's not fantastic. I don't even really have to run the numbers because at a glance you can see that you'd maybe 2x to 3x your money invested right now using PLTR LEAPS with a $40 strike.\nInstead, maybe we'd want to look more closely at the $27 strike, for example:\nSource: TD Ameritrade\nAt this point, assuming $8 for each PLTR Jan 2024 LEAP with a $27 strike, we're looking at $12 assuming gains per LEAP with 40% growth. Furthermore, we're look at about $19 gains per LEAP with 50% growth.\nTo be clear, what I'm doing is adding the $8 LEAP cost and the $27 strike price. That's $35. Then, I'm taking $47 which assumes 40% growth, and subtracting to get the difference, which is $12. And, I'm taking the $54 which assumes 50% growth, and subtracting the same way to get $19. Nothing too fancy here, and no complicated math. Either way,it falls short again.\nPutting $8 in maybe gets us 1.5x to 2.5x returns in about 2 years. Of course, it could be more like 3x, or even maybe a bit higher. However, buying and holding is likely to generate similar gains,with less risk.\nThe message is this. The options market is smart, and forward looking. And, in this case, it's basically letting us know that PLTR's growth is likely to be in the 40-50% range, as I've explained above. The deeper lesson is to have patience with PLTR common equity. The growth is there and leverage won't accelerate gains without adding too much risk.\nAt this point in time, I'm not investing in PLTR LEAPS. Buying and holding, with strong growth tailwinds is plenty good enough for most investors. Or, at a minimum, buying PLTR and holding is good enough for my portfolio.\nWrap Up\nFirst, I looked at PLTR's early growth from $10 to $25 or so today. I'm not expecting 150% gains every year, however. That's far too greedy and besides, the uncertainty around PLTR is slowly fading, thereby stabilizing things quite a bit. In part, this is what's holding PLTR in the $22 to $28 range, I believe. The burn off of uncertainty has built a floor, or trading zone. I'm confident this floor will move upwards in 2022.\nSecond, I reviewed PLTR's growth assumptions once again, showing how 30% growth per year is too probably too modest. Instead, it's looking like we'll see more like 40-50% per year for the next 3-5 years. Furthermore, assuming there's not a collapse in the P/S ratio, investors could enjoy 40-50% capital gains per year, although it might be quite lumpy along the way. If this is true, then hitting $90 to $120 in 2025 is rational.\nAs a quick sidebar, I can see PLTR hitting somewhere between $65 to $85 by the end of 2023, along the way. If PLTR can show concrete growth, and if they can taper stock-based compensation, this seems quite plausible.\nThird, I've used long-dated options and some rough math to show that using leverage on PLTR in the market probably isn't going to greatly accelerate gains over 2-3 years. However, even it does work out, the risk to capital goes up. While there are some times where options work well, e.g.,selling PLTR puts, using LEAPS right now doesn't look favorable enough. Better to buy and hold, in most cases.\nAs another sidebar, I enjoyed looking at PLTR LEAPS, which gives investors some added confidence in PLTR's growth over the next 2-3 years. The options market is rather intelligent as a wisdom of the crowds prediction model. I'm seeing an optimistic \"thumbs up\" right now.Growth Stock Renegadesubscribers got an extra special view of this phenomenon, I might add.\nAnd lastly, as a fun exercise, I've shown that you'd likely need 8,000 to 12,000 shares, and 40-50% CAGR on those shares, to reach $1 million. That would require setting aside $200-300K, and waiting patiently until 2025. Maybe that's acceptable, and maybe not, but at least you have a framework now to understand the potential. That's the real point.\nObviously, you can take all of this data plus the growth rates and come to your own conclusions. What I know is that my confidence in PLTR is still quite high and I continue to maintain my bullish position.","news_type":1,"symbols_score_info":{"PLTR":0.9}},"isVote":1,"tweetType":1,"viewCount":2307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":853994753,"gmtCreate":1634750907213,"gmtModify":1634750907691,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/853994753","repostId":"1172842207","repostType":2,"isVote":1,"tweetType":1,"viewCount":2145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":881014282,"gmtCreate":1631281234046,"gmtModify":1631884398360,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>LETS GOOOOO","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>LETS GOOOOO","text":"$AMC Entertainment(AMC)$LETS GOOOOO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/881014282","isVote":1,"tweetType":1,"viewCount":3629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889931231,"gmtCreate":1631101078323,"gmtModify":1631884401705,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Let’s gooooooo guys[Smile]&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Let’s gooooooo guys[Smile]&nbsp;","text":"$AMC Entertainment(AMC)$Let’s gooooooo guys[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/889931231","isVote":1,"tweetType":1,"viewCount":1860,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817725410,"gmtCreate":1630990776930,"gmtModify":1631891579231,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817725410","repostId":"817935222","repostType":1,"repost":{"id":817935222,"gmtCreate":1630896286966,"gmtModify":1631883614001,"author":{"id":"3574982782498607","authorId":"3574982782498607","name":"WYCKOFFPRO","avatar":"https://static.tigerbbs.com/e6df9a333ebef85a0ceac10611fda7c0","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574982782498607","authorIdStr":"3574982782498607"},"themes":[],"title":"The two proxies to confirm the super bull run","htmlText":"Last week I mentioned that we might witness the <a href=\"https://laohu8.com/TW/818340544\" target=\"_blank\">born of a super bull</a>.A few of you pointed out some of the \"red flags\" I covered in the past few weeks that seem in a conflict of the super bull view.There are indeed a number of the red flags brewing and the most obvious is market breadth - the percentage of stocks above 200 MA is deteriorating, which is certainly a divergence with the index.Despite almost the 3 major indices hit historical high (Dow Jones, S&amp;P 500 and NASDAQ) this year, not all stocks are as strong as these indices because only a handful of the stocks, in particular the big &amp; mega cap stocks led the market into historical high. Many stocks especially the small cap (Russell 2000) stocks are laggards.What's","listText":"Last week I mentioned that we might witness the <a href=\"https://laohu8.com/TW/818340544\" target=\"_blank\">born of a super bull</a>.A few of you pointed out some of the \"red flags\" I covered in the past few weeks that seem in a conflict of the super bull view.There are indeed a number of the red flags brewing and the most obvious is market breadth - the percentage of stocks above 200 MA is deteriorating, which is certainly a divergence with the index.Despite almost the 3 major indices hit historical high (Dow Jones, S&amp;P 500 and NASDAQ) this year, not all stocks are as strong as these indices because only a handful of the stocks, in particular the big &amp; mega cap stocks led the market into historical high. Many stocks especially the small cap (Russell 2000) stocks are laggards.What's","text":"Last week I mentioned that we might witness the born of a super bull.A few of you pointed out some of the \"red flags\" I covered in the past few weeks that seem in a conflict of the super bull view.There are indeed a number of the red flags brewing and the most obvious is market breadth - the percentage of stocks above 200 MA is deteriorating, which is certainly a divergence with the index.Despite almost the 3 major indices hit historical high (Dow Jones, S&P 500 and NASDAQ) this year, not all stocks are as strong as these indices because only a handful of the stocks, in particular the big & mega cap stocks led the market into historical high. Many stocks especially the small cap (Russell 2000) stocks are laggards.What's","images":[{"img":"https://static.tigerbbs.com/14898b5f5d3a91a02e63050bb78b559a","width":"688","height":"353"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817935222","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838758806,"gmtCreate":1629431762805,"gmtModify":1631891579239,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"-","listText":"-","text":"-","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838758806","repostId":"1113659023","repostType":4,"isVote":1,"tweetType":1,"viewCount":1898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833027062,"gmtCreate":1629190985056,"gmtModify":1631891579255,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"-","listText":"-","text":"-","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833027062","repostId":"839561366","repostType":1,"repost":{"id":839561366,"gmtCreate":1629166923855,"gmtModify":1629190750720,"author":{"id":"3556134694513016","authorId":"3556134694513016","name":"3Fs","avatar":"https://static.tigerbbs.com/26cf959de8173b4a8aaee5e8568a8eff","crmLevel":13,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3556134694513016","authorIdStr":"3556134694513016"},"themes":[],"title":"执行平均下降投资策略的博弈计划","htmlText":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on&nbsp;Averaging Down&nbsp;as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as&nbsp;warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","listText":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on&nbsp;Averaging Down&nbsp;as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as&nbsp;warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","text":"I wrote about the importance of having the right mental mindset in order to enact a perfect execution strategy in investing. In this article, we’ll explore a little deeper about devising a game plan on Averaging Down as an investment strategy. Do note that the focus is primarily on fundamentals first, technical second. As such, as and when we find that there is sufficient value in the company, we will consider purchasing and will use technical to aid our entry and exit positions. Is Averaging Down an Effective Strategy: First, you need to have resources or what we often termed it as warchest. In an ideal world where we have unlimited warchest, that would be nice. In a real world, many of us have a limited resource. Our funds are likely to be limited and even so, we want to c","images":[{"img":"https://static.tigerbbs.com/2af63960cb6fcb2f24c72e2da8283a70","width":"2154","height":"920"},{"img":"https://static.tigerbbs.com/4a896f540d5c719e34cf840915f76201","width":"2084","height":"1043"},{"img":"https://static.tigerbbs.com/fc91738e34de3415a5934b20a87ff725","width":"828","height":"128"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839561366","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897916178,"gmtCreate":1628867799094,"gmtModify":1631891579265,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"-","listText":"-","text":"-","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897916178","repostId":"897993139","repostType":1,"repost":{"id":897993139,"gmtCreate":1628866319521,"gmtModify":1742966193093,"author":{"id":"3532831849818465","authorId":"3532831849818465","name":"许亚鑫","avatar":"https://static.tigerbbs.com/72cbe26a31edf2913e619f4aa762d2d4","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3532831849818465","authorIdStr":"3532831849818465"},"themes":[],"title":"通胀压力未减，WTI原油8月月K惊现吞没形态","htmlText":"本周，中美均公布了通胀数据。 先看中国方面，7月份居民消费价格同比上涨1.0%，环比上涨0.3%；7月份PPI同比上涨9.0%，环比上涨0.5%。 生产资料出厂价格涨幅 其中，生活资料出厂价格涨幅同比增0.3%，不过生产资料出厂价格涨幅同比12%，导致PPI增速与CPI的剪刀差进一步扩大至8%。 许导认为，由于上游原材料价格目前无法向下游有效传导，预计未来一个季度左右，PPI同比将会继续维持在7-9%的高位。随着生猪价格的企稳回升，第四季度CPI有望出现反弹，届时剪刀差有望缩窄。 因此，大家要深刻认识到，通胀高温不退，就意味着此前我们提及的周期性板块，诸如钢铁，煤炭，有色与化工的行情有望延续。与此同时，上下游价格传导的迟滞，明显限制了市场对于大消费类个股炒作的空间。为了缓和下游的成本压力，近期郭嘉出台一系列保供稳价的政策，包括抛售储备，关税调整，增加煤矿和铁矿石内矿产能等。 铁矿石VS螺纹钢 如上图所示，铁矿石与螺纹钢的价差近期已经逐步缩窄，甚至螺纹价格的涨幅已经有穿越铁矿的趋势，这也是为什么许导在课程直播里面，重点让大家关注这个板块未来的机会： 钢铁板块 当然，从7月份的社融数据来看，M2同比增长仅8.3%，远低于预期的8.7%，一定程度上引发了市场的担忧，此前的降准也许就是央妈先行一步的调控，随着7月份MPI新出口订单再度走弱，意味着今年第四季度出口压力会加大，同时也意味着，四季度降准的窗口有望再次打开。 因此，我们继续维持大A震荡的结构性行情观点不变，下周需要留意的时间窗口我写在隐藏口令好了，这里空间上就是要注意一下前文《0812：汽车制造霸屏，大盘短期压力骤显！》谈及的下降压力线和上升趋势线反压。 再看美国方面，7月份CPI同比增5.4%，与上月持平，核心CPI同比增4.3%，较上月放缓。看起来经济重启之后所带来的快速涨价阶段已经过去，不过通胀继续上行的风险仍然未解","listText":"本周，中美均公布了通胀数据。 先看中国方面，7月份居民消费价格同比上涨1.0%，环比上涨0.3%；7月份PPI同比上涨9.0%，环比上涨0.5%。 生产资料出厂价格涨幅 其中，生活资料出厂价格涨幅同比增0.3%，不过生产资料出厂价格涨幅同比12%，导致PPI增速与CPI的剪刀差进一步扩大至8%。 许导认为，由于上游原材料价格目前无法向下游有效传导，预计未来一个季度左右，PPI同比将会继续维持在7-9%的高位。随着生猪价格的企稳回升，第四季度CPI有望出现反弹，届时剪刀差有望缩窄。 因此，大家要深刻认识到，通胀高温不退，就意味着此前我们提及的周期性板块，诸如钢铁，煤炭，有色与化工的行情有望延续。与此同时，上下游价格传导的迟滞，明显限制了市场对于大消费类个股炒作的空间。为了缓和下游的成本压力，近期郭嘉出台一系列保供稳价的政策，包括抛售储备，关税调整，增加煤矿和铁矿石内矿产能等。 铁矿石VS螺纹钢 如上图所示，铁矿石与螺纹钢的价差近期已经逐步缩窄，甚至螺纹价格的涨幅已经有穿越铁矿的趋势，这也是为什么许导在课程直播里面，重点让大家关注这个板块未来的机会： 钢铁板块 当然，从7月份的社融数据来看，M2同比增长仅8.3%，远低于预期的8.7%，一定程度上引发了市场的担忧，此前的降准也许就是央妈先行一步的调控，随着7月份MPI新出口订单再度走弱，意味着今年第四季度出口压力会加大，同时也意味着，四季度降准的窗口有望再次打开。 因此，我们继续维持大A震荡的结构性行情观点不变，下周需要留意的时间窗口我写在隐藏口令好了，这里空间上就是要注意一下前文《0812：汽车制造霸屏，大盘短期压力骤显！》谈及的下降压力线和上升趋势线反压。 再看美国方面，7月份CPI同比增5.4%，与上月持平，核心CPI同比增4.3%，较上月放缓。看起来经济重启之后所带来的快速涨价阶段已经过去，不过通胀继续上行的风险仍然未解","text":"本周，中美均公布了通胀数据。 先看中国方面，7月份居民消费价格同比上涨1.0%，环比上涨0.3%；7月份PPI同比上涨9.0%，环比上涨0.5%。 生产资料出厂价格涨幅 其中，生活资料出厂价格涨幅同比增0.3%，不过生产资料出厂价格涨幅同比12%，导致PPI增速与CPI的剪刀差进一步扩大至8%。 许导认为，由于上游原材料价格目前无法向下游有效传导，预计未来一个季度左右，PPI同比将会继续维持在7-9%的高位。随着生猪价格的企稳回升，第四季度CPI有望出现反弹，届时剪刀差有望缩窄。 因此，大家要深刻认识到，通胀高温不退，就意味着此前我们提及的周期性板块，诸如钢铁，煤炭，有色与化工的行情有望延续。与此同时，上下游价格传导的迟滞，明显限制了市场对于大消费类个股炒作的空间。为了缓和下游的成本压力，近期郭嘉出台一系列保供稳价的政策，包括抛售储备，关税调整，增加煤矿和铁矿石内矿产能等。 铁矿石VS螺纹钢 如上图所示，铁矿石与螺纹钢的价差近期已经逐步缩窄，甚至螺纹价格的涨幅已经有穿越铁矿的趋势，这也是为什么许导在课程直播里面，重点让大家关注这个板块未来的机会： 钢铁板块 当然，从7月份的社融数据来看，M2同比增长仅8.3%，远低于预期的8.7%，一定程度上引发了市场的担忧，此前的降准也许就是央妈先行一步的调控，随着7月份MPI新出口订单再度走弱，意味着今年第四季度出口压力会加大，同时也意味着，四季度降准的窗口有望再次打开。 因此，我们继续维持大A震荡的结构性行情观点不变，下周需要留意的时间窗口我写在隐藏口令好了，这里空间上就是要注意一下前文《0812：汽车制造霸屏，大盘短期压力骤显！》谈及的下降压力线和上升趋势线反压。 再看美国方面，7月份CPI同比增5.4%，与上月持平，核心CPI同比增4.3%，较上月放缓。看起来经济重启之后所带来的快速涨价阶段已经过去，不过通胀继续上行的风险仍然未解","images":[{"img":"https://static.tigerbbs.com/6afe9a28b3166b2f5b7aa5961b7a7995","width":"637","height":"323"},{"img":"https://static.tigerbbs.com/7e743048d545418bd62120a92d141ff3","width":"745","height":"243"},{"img":"https://static.tigerbbs.com/f69986af84ebdbc7935145dc658e4594","width":"660","height":"453"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/897993139","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":7,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894768635,"gmtCreate":1628858073727,"gmtModify":1631883923742,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>🙂","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>🙂","text":"$Palantir Technologies Inc.(PLTR)$🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894768635","repostId":"894509071","repostType":1,"repost":{"id":894509071,"gmtCreate":1628834636190,"gmtModify":1628834746515,"author":{"id":"3479274806599608","authorId":"3479274806599608","name":"dropppie","avatar":"https://static.laohu8.com/picture167","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274806599608","authorIdStr":"3479274806599608"},"themes":[],"title":"Palantir: 7 Interesting Things From The Q2 2021 Earnings Call","htmlText":"Summary First, I briefly review the big news and highlights from PLTR's Q2 2021 business update. Second, I cover some of the details that are less well-known, including comments made by leadership on the earnings call. Third, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared. Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.&nbsp; It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth andincreased cash flow outlook. Here, I'll just highlight those numbers then I'll turn to a few things that","listText":"Summary First, I briefly review the big news and highlights from PLTR's Q2 2021 business update. Second, I cover some of the details that are less well-known, including comments made by leadership on the earnings call. Third, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared. Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value.&nbsp; It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth andincreased cash flow outlook. Here, I'll just highlight those numbers then I'll turn to a few things that","text":"Summary First, I briefly review the big news and highlights from PLTR's Q2 2021 business update. Second, I cover some of the details that are less well-known, including comments made by leadership on the earnings call. Third, dive into some important details about Alex Karp's compensation, including his insider selling activity; leadership had a response prepared. Lastly, I visit several metrics on my radar, including stock-based compensation, contribution margin, and deal value. It's likely that you've already heard the news that Palantir (PLTR) just reported astrong Q2 2021. I'm certain there will be plenty of coverage of the empirical results, including the tremendous growth andincreased cash flow outlook. Here, I'll just highlight those numbers then I'll turn to a few things that","images":[{"img":"https://static.tigerbbs.com/58823df51548615e64dc8cbdbb201464","width":"640","height":"286"},{"img":"https://static.tigerbbs.com/6ad3d9bc5f736b9a33b0a130048ec15c","width":"640","height":"295"},{"img":"https://static.tigerbbs.com/cde1322282f3d5457ef8a7c98afd5eef","width":"640","height":"357"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/894509071","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894550545,"gmtCreate":1628842041987,"gmtModify":1631888641653,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$</a>Did it just bottomed?","listText":"<a href=\"https://laohu8.com/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$</a>Did it just bottomed?","text":"$CITY DEVELOPMENTS LIMITED(C09.SI)$Did it just bottomed?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894550545","isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896252743,"gmtCreate":1628587447182,"gmtModify":1631891579280,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896252743","repostId":"896133983","repostType":1,"repost":{"id":896133983,"gmtCreate":1628560384342,"gmtModify":1628574834120,"author":{"id":"3575124118028153","authorId":"3575124118028153","name":"thefatboi","avatar":"https://static.tigerbbs.com/0c9be39e3426e74fa682cbc28b49c221","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575124118028153","authorIdStr":"3575124118028153"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Things are looking very good for AMC from the Earnings Call Q2 2021! Below here is a summary of the Earnings Call.&nbsp;•Adam Aaron announced on Twitter and in the call that AMC ended the June 30, 2021 quarter with MORE THAN $2 BILLION OF LIQUIDITY (cash in the bank or undrawn revolving credit line). Right around DOUBLE the highest quarter ending liquidity level AMC has ever had before in our 101 year history!• CEO Adam Aaron has not sold a single share.• There will be a GAMESTOP partnership inquiry coming up. (Potentially hosting gaming tournaments)• AMC will be finding ways to expand their businesses (through Live Events like: Sports, Music, Esports)• 10 new theaters upcoming• AMC reaches deal with Warner Bros. for 45 days th","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Things are looking very good for AMC from the Earnings Call Q2 2021! Below here is a summary of the Earnings Call.&nbsp;•Adam Aaron announced on Twitter and in the call that AMC ended the June 30, 2021 quarter with MORE THAN $2 BILLION OF LIQUIDITY (cash in the bank or undrawn revolving credit line). Right around DOUBLE the highest quarter ending liquidity level AMC has ever had before in our 101 year history!• CEO Adam Aaron has not sold a single share.• There will be a GAMESTOP partnership inquiry coming up. (Potentially hosting gaming tournaments)• AMC will be finding ways to expand their businesses (through Live Events like: Sports, Music, Esports)• 10 new theaters upcoming• AMC reaches deal with Warner Bros. for 45 days th","text":"$AMC Entertainment(AMC)$Things are looking very good for AMC from the Earnings Call Q2 2021! Below here is a summary of the Earnings Call. •Adam Aaron announced on Twitter and in the call that AMC ended the June 30, 2021 quarter with MORE THAN $2 BILLION OF LIQUIDITY (cash in the bank or undrawn revolving credit line). Right around DOUBLE the highest quarter ending liquidity level AMC has ever had before in our 101 year history!• CEO Adam Aaron has not sold a single share.• There will be a GAMESTOP partnership inquiry coming up. (Potentially hosting gaming tournaments)• AMC will be finding ways to expand their businesses (through Live Events like: Sports, Music, Esports)• 10 new theaters upcoming• AMC reaches deal with Warner Bros. for 45 days th","images":[{"img":"https://static.tigerbbs.com/fcc5ea1ec13f9a7288ef99643f1d59df","width":"1080","height":"2280"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896133983","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":910,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890694313,"gmtCreate":1628102476932,"gmtModify":1631884833435,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a>Let’s go","listText":"<a href=\"https://laohu8.com/S/SOFI\">$SoFi Technologies Inc.(SOFI)$</a>Let’s go","text":"$SoFi Technologies Inc.(SOFI)$Let’s go","images":[{"img":"https://static.tigerbbs.com/61aee91b9762e49655713d64f30c4c6f","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/890694313","isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":807754555,"gmtCreate":1628061785677,"gmtModify":1631891579290,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807754555","repostId":"1162890450","repostType":4,"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807106396,"gmtCreate":1628003565815,"gmtModify":1631887042626,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOOD\">$Robinhood Markets, Inc.(HOOD)$</a>they’re&nbsp;Using this to fund <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>and <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>losses lol","listText":"<a href=\"https://laohu8.com/S/HOOD\">$Robinhood Markets, Inc.(HOOD)$</a>they’re&nbsp;Using this to fund <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>and <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>losses lol","text":"$Robinhood Markets, Inc.(HOOD)$they’re Using this to fund $GameStop(GME)$and $AMC Entertainment(AMC)$losses lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807106396","isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807103880,"gmtCreate":1628003456940,"gmtModify":1631891579303,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"People actually listened? Or is it just fake pump","listText":"People actually listened? Or is it just fake pump","text":"People actually listened? Or is it just fake pump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807103880","repostId":"1136280710","repostType":4,"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804058922,"gmtCreate":1627913361966,"gmtModify":1631891579318,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/804058922","repostId":"805697757","repostType":1,"repost":{"id":805697757,"gmtCreate":1627874255276,"gmtModify":1628141692672,"author":{"id":"3534312224764596","authorId":"3534312224764596","name":"Ivan_甘灿荣","avatar":"https://static.tigerbbs.com/88507b8eb15a6e315e004663e5c9e31a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3534312224764596","authorIdStr":"3534312224764596"},"themes":[],"title":"接下来你一定要小心，最惨的时节可能就要来了","htmlText":"此前一直强调的8月份正式到来。8月，将进入全球股市最容易出风险的投资月份。不过看来无需提醒，A50已经先跌为敬了。 （摘自华尔街见闻） 一、美股指 其实美股的2、5、8、10素来是重要时间点（财报季，财报数据会证实或证伪市场），哪怕没有利空数据加持，见顶调整之概率均较大。 由于具体哪天见顶，视乎消息决定，所以策略上大家要相对敏感，跌穿均线即对冲。均线有两条20和60日均线，20日均线就需要试错避险，做空股指期货或者买入看跌期权。而60日均线可以理解为确认曲线，只是从交易上来说，60日均线较滞后，不太建议等到那个时候再处理。下跌幅度初步估计10-15%左右，时间上要视乎下跌速度而定。 二、A50 A50可谓是今年以来最弱的指数，自2月份见顶以来（重要时点），就一直下跌至今。根据A股独特的时间周期，一直以为8月份是个高点，然后来个全球共振。但A50最近的破位下跌，看来全球股市走势是分化的，有可能8月份一起调整完后，A50股率先见底也不奇怪。毕竟A50的也是中国的核心资产，美股若下跌，资金流出美国市场寻找安全资产时，A50或许是个很好的标的，因此跌下来后，抄底A50应该是投资首选。 至于哪个点位抄底A50最安全？那就要使用一年前和大家强调过的A50生命线了。 以当前价格A50仍需下跌10%才能到达黄线位置，具体点位在13400附近。如果下周继续脉冲，那么买A50空美股就成为一个很好的策略。而当前，既然A50已破位，那么继续等待即可。 三、贵金属 既然股市出风险，那么贵金属理应是避险资产中的选择。尽管美联储缩表加息对贵金属有利空效应，但贵金属毕竟调整了将近1年，目前价格也是市场多种预期博弈后的结果，因此贵金属价格并不悲观，况且时间点已到，当前值得逢低做多试错，对冲美股下跌之预期。 策略上，黄金时间点虽然确认，但仍需做好止损设置，点位在1790附近，预期黄金行情沿着20日均线震荡走高","listText":"此前一直强调的8月份正式到来。8月，将进入全球股市最容易出风险的投资月份。不过看来无需提醒，A50已经先跌为敬了。 （摘自华尔街见闻） 一、美股指 其实美股的2、5、8、10素来是重要时间点（财报季，财报数据会证实或证伪市场），哪怕没有利空数据加持，见顶调整之概率均较大。 由于具体哪天见顶，视乎消息决定，所以策略上大家要相对敏感，跌穿均线即对冲。均线有两条20和60日均线，20日均线就需要试错避险，做空股指期货或者买入看跌期权。而60日均线可以理解为确认曲线，只是从交易上来说，60日均线较滞后，不太建议等到那个时候再处理。下跌幅度初步估计10-15%左右，时间上要视乎下跌速度而定。 二、A50 A50可谓是今年以来最弱的指数，自2月份见顶以来（重要时点），就一直下跌至今。根据A股独特的时间周期，一直以为8月份是个高点，然后来个全球共振。但A50最近的破位下跌，看来全球股市走势是分化的，有可能8月份一起调整完后，A50股率先见底也不奇怪。毕竟A50的也是中国的核心资产，美股若下跌，资金流出美国市场寻找安全资产时，A50或许是个很好的标的，因此跌下来后，抄底A50应该是投资首选。 至于哪个点位抄底A50最安全？那就要使用一年前和大家强调过的A50生命线了。 以当前价格A50仍需下跌10%才能到达黄线位置，具体点位在13400附近。如果下周继续脉冲，那么买A50空美股就成为一个很好的策略。而当前，既然A50已破位，那么继续等待即可。 三、贵金属 既然股市出风险，那么贵金属理应是避险资产中的选择。尽管美联储缩表加息对贵金属有利空效应，但贵金属毕竟调整了将近1年，目前价格也是市场多种预期博弈后的结果，因此贵金属价格并不悲观，况且时间点已到，当前值得逢低做多试错，对冲美股下跌之预期。 策略上，黄金时间点虽然确认，但仍需做好止损设置，点位在1790附近，预期黄金行情沿着20日均线震荡走高","text":"此前一直强调的8月份正式到来。8月，将进入全球股市最容易出风险的投资月份。不过看来无需提醒，A50已经先跌为敬了。 （摘自华尔街见闻） 一、美股指 其实美股的2、5、8、10素来是重要时间点（财报季，财报数据会证实或证伪市场），哪怕没有利空数据加持，见顶调整之概率均较大。 由于具体哪天见顶，视乎消息决定，所以策略上大家要相对敏感，跌穿均线即对冲。均线有两条20和60日均线，20日均线就需要试错避险，做空股指期货或者买入看跌期权。而60日均线可以理解为确认曲线，只是从交易上来说，60日均线较滞后，不太建议等到那个时候再处理。下跌幅度初步估计10-15%左右，时间上要视乎下跌速度而定。 二、A50 A50可谓是今年以来最弱的指数，自2月份见顶以来（重要时点），就一直下跌至今。根据A股独特的时间周期，一直以为8月份是个高点，然后来个全球共振。但A50最近的破位下跌，看来全球股市走势是分化的，有可能8月份一起调整完后，A50股率先见底也不奇怪。毕竟A50的也是中国的核心资产，美股若下跌，资金流出美国市场寻找安全资产时，A50或许是个很好的标的，因此跌下来后，抄底A50应该是投资首选。 至于哪个点位抄底A50最安全？那就要使用一年前和大家强调过的A50生命线了。 以当前价格A50仍需下跌10%才能到达黄线位置，具体点位在13400附近。如果下周继续脉冲，那么买A50空美股就成为一个很好的策略。而当前，既然A50已破位，那么继续等待即可。 三、贵金属 既然股市出风险，那么贵金属理应是避险资产中的选择。尽管美联储缩表加息对贵金属有利空效应，但贵金属毕竟调整了将近1年，目前价格也是市场多种预期博弈后的结果，因此贵金属价格并不悲观，况且时间点已到，当前值得逢低做多试错，对冲美股下跌之预期。 策略上，黄金时间点虽然确认，但仍需做好止损设置，点位在1790附近，预期黄金行情沿着20日均线震荡走高","images":[{"img":"https://static.tigerbbs.com/b20a8ea3b6fe44d00bd2620c60298905","width":"2223","height":"1511"},{"img":"https://static.tigerbbs.com/430059e5ead197e634074fd68c2906e9","width":"1270","height":"860"},{"img":"https://static.tigerbbs.com/5398bd9c2183732a8eea8e231f0b82b9","width":"2223","height":"1438"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805697757","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805824751,"gmtCreate":1627871182273,"gmtModify":1631891579329,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805824751","repostId":"808975760","repostType":1,"repost":{"id":808975760,"gmtCreate":1627554246550,"gmtModify":1627560814643,"author":{"id":"3503101861637632","authorId":"3503101861637632","name":"萧蝶sally","avatar":"https://static.tigerbbs.com/47359d8d1cd34a1d4a1e6b243e7814e3","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3503101861637632","authorIdStr":"3503101861637632"},"themes":[],"title":"最悲观的时刻往往是买入的时机","htmlText":"牛市在悲观中诞生，在怀疑中成长，最悲观的时刻往往是买入的最佳时机——约翰邓普顿.——————相信这个时刻应该有不少人对自己持有的标的感到沮丧和怀疑.但是请审视自己的标的是否符合以下要求：1.它是否是赚钱的公司2.股价是否便宜，便宜到一定会有人在未来以高于你成本的价格买入.3.公司经营是否稳定.4.是否是该行业龙头，有一定的护城河5.成长性（行业是好是坏，未来是否也能赚钱）6.股息优异只要符合以上要求，请坚定信念，适当缓慢的一点点补仓来摊薄成本.跌时耐心播种，涨时惜售捂筹.— 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href=\"https://laohu8.com/S/HUYA\">$虎牙(HUYA)$</a>","text":"牛市在悲观中诞生，在怀疑中成长，最悲观的时刻往往是买入的最佳时机——约翰邓普顿.——————相信这个时刻应该有不少人对自己持有的标的感到沮丧和怀疑.但是请审视自己的标的是否符合以下要求：1.它是否是赚钱的公司2.股价是否便宜，便宜到一定会有人在未来以高于你成本的价格买入.3.公司经营是否稳定.4.是否是该行业龙头，有一定的护城河5.成长性（行业是好是坏，未来是否也能赚钱）6.股息优异只要符合以上要求，请坚定信念，适当缓慢的一点点补仓来摊薄成本.跌时耐心播种，涨时惜售捂筹.— sally“我从来没有因为选择正确而赚到大钱，唯一让我赚到大钱的方式是：拿住不动”—巴菲特$阿里巴巴(BABA)$$拼多多(PDD)$$新氧(SY)$$京东(JD)$$虎牙(HUYA)$","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808975760","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806384087,"gmtCreate":1627632981749,"gmtModify":1631884320180,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"Hope it fails so badly&nbsp;","listText":"Hope it fails so badly&nbsp;","text":"Hope it fails so badly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806384087","repostId":"2155840271","repostType":2,"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808139281,"gmtCreate":1627563689643,"gmtModify":1631887437045,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574259724752092","authorIdStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a>Is it time?","listText":"<a href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a>Is it time?","text":"$Vaxart, Inc(VXRT)$Is it time?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808139281","isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":348477897,"gmtCreate":1617958289219,"gmtModify":1631888641787,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$</a>Dividends soon","listText":"<a href=\"https://laohu8.com/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$</a>Dividends soon","text":"$CITY DEVELOPMENTS LIMITED(C09.SI)$Dividends soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":1,"link":"https://laohu8.com/post/348477897","isVote":1,"tweetType":1,"viewCount":601,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152038854,"gmtCreate":1625240306078,"gmtModify":1633942137601,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Holding up pretty well [Smile]&nbsp;we can do this!!","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Holding up pretty well [Smile]&nbsp;we can do this!!","text":"$AMC Entertainment(AMC)$Holding up pretty well [Smile] we can do this!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/152038854","isVote":1,"tweetType":1,"viewCount":665,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171369917,"gmtCreate":1626706702439,"gmtModify":1631894032722,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"LOL","listText":"LOL","text":"LOL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/171369917","repostId":"1146536243","repostType":4,"repost":{"id":"1146536243","kind":"news","pubTimestamp":1626683272,"share":"https://www.laohu8.com/m/news/1146536243?lang=zh_CN&edition=full","pubTime":"2021-07-19 16:27","market":"us","language":"en","title":"Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146536243","media":"zerohedge","summary":"This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","content":"<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p><p><blockquote>我们认为这个经济周期将是正常的、强劲的、短暂的。这些假设中的每一个都受到市场的激烈争论。每一项都是我们投资策略的关键。</blockquote></p><p> The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p><p><blockquote>关于周期“常态”的争论是不言自明的。毫不夸张地说，疫情造成了有记录以来最大幅度的产出下降。随后，在政策支持的帮助下，经济活动迅速回升。将这种情况视为独特的，不同于其他周期性经历的理由是，这种暴力的下跌和上涨从未允许传统的“重置”。</blockquote></p><p> But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p><p><blockquote>但市场中的“正常”是一个有趣的概念，记忆的粗糙边缘往往会随着时间的推移而变得光滑和抛光。2003-07年的周期以大萧条以来最大的银行和房地产危机结束。1992-2000年的周期以巨大的股票泡沫破裂、广泛的会计欺诈和难以言喻的悲剧而告终。“正常”周期在理论上很好，但在实践中更难。</blockquote></p><p> Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p><p><blockquote>相反，让我们考虑一下为什么我们使用术语“周期”。经济和市场往往遵循周期性模式，这些模式往往会在市场表现中显现出来。我们关心的是那些模式，如果它们仍然适用，它们可以在不确定的地形中提供有用的指导。</blockquote></p><p> Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p><p><blockquote>去年的衰退之前是否存在收益率曲线倒挂、低波动性、低失业率、高消费者信心和股市广度收窄等周期后期条件？是的。由此产生的股票、信贷、收益率和收益率曲线的低谷是否符合市场和经济低点之间的通常节奏？他们做到了。随后反弹的领头羊是否是通常的早期周期赢家，如小型股和周期性股票、高收益信贷和工业金属？他们是。</blockquote></p><p> If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p><p><blockquote>如果它像鸭子一样走路，像鸭子一样嘎嘎叫，我们认为这是一个正常的循环。或者这些事情实际上是正常的。如果到目前为止已经发生了很多“正常”的循环行为，那么它应该<i>继续</i>这样做。</blockquote></p><p> Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p><p><blockquote>具体来说，这与市场复苏时的表现模式有关。随着复苏的推进，这些模式应该会发生变化。正如我的同事迈克尔·威尔逊所指出的，我们认为我们正在进入周期中期市场，尽管距离经济活动低点仅16个月。我们看到当前状况与2004年上半年有许多相似之处，2004年上半年是大幅通货再膨胀反弹之后的周期中期。重要的是，尽管最近对增长感到担忧，但我们认为全球复苏将继续推进（见增长恐慌周年纪念，2021年7月11日）。</blockquote></p><p> Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p><p><blockquote>因为人们总能找到适合他们特定周期观点的指标，所以我们长期以来一直是综合指数的粉丝。这就是我们的“周期模型”，它结合了美国宏观、信贷周期和企业侵略性的十个指标，以衡量我们在市场周期中的位置。在2019年6月进入周期后期“低迷”和2020年4月进入周期早期“修复”后，该指数飙升。<b>它上升得如此之快，以至于已经过了下一个阶段（“复苏”），直接进入了“扩张”。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p><p><blockquote>这很不寻常。“扩张”意味着捕捉“比正常情况更好且正在改善”的条件，<b>自1980年以来，“低迷”结束后平均需要35个月才能实现这一目标</b>它的迅速到来表明，在巨大的政策支持下，经济正在迅速复苏。<b>这也暗示了另一种可能性：这个更热的周期可能会更短。</b>这是我们的论点，它体现在我们的定量测量中。</blockquote></p><p> All this has a number of implications:</p><p><blockquote>所有这些都有许多含义：</blockquote></p><p></p><p> <ul>  <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>  <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>  <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>  <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li> </ul> This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</p><p><blockquote><ul><li><b>周期越短，信贷相对于其他风险资产越差；信贷从“繁荣”中获得的收益较少，如果下一次衰退提前到来，信贷就会面临风险，并且随着企业信心的增强，信贷将面临更多的供应</b>在我们周期模型的“扩张”阶段，美国IG和HY Credit N1200万超额回报分别比平均水平差29个基点和161个基点。</li><li><b>在其中许多时期，尽管违约率仍然很低，但信贷表现却参差不齐</b>投资者应该尝试承担违约风险而不是利差风险：我们的信用策略师喜欢持有CDX HY 0-15%，并用CDX IG付款人利差进行对冲。</li><li><b>在股票方面，我们认为我们的模型支持投资组合更加平衡</b>我们看好美国和欧洲的医疗保健行业，因为该行业具有几个良好的因素：质量、低估值、高利差和低波动性。从全球来看，欧洲和日本的股市往往跑赢“中期周期”，我们认为它们可以再次这样做。</li><li><b>利率对复苏过于悲观。在我们周期模型的“扩张”阶段，美国10年期国债1200万奈拉回报率比平均水平低97个基点</b>.Guneet Dhingra和我们的美国利率策略团队在全球资产配置中转移了跑输大盘美国10年期国债，而我们反过来又转移了跑输大盘政府债券。</li></ul>这种循环是不寻常的。大多数“正常”周期都是。我们认为复苏是可持续的，而且更有可能“更热、更短”。出售国债并相信扩张。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley: This Cycle Will Be \"Hotter But Shorter\" Than Usual<blockquote>摩根士丹利：本轮周期将比往常“更热但更短”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-19 16:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.</p><p><blockquote>我们认为这个经济周期将是正常的、强劲的、短暂的。这些假设中的每一个都受到市场的激烈争论。每一项都是我们投资策略的关键。</blockquote></p><p> The debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.</p><p><blockquote>关于周期“常态”的争论是不言自明的。毫不夸张地说，疫情造成了有记录以来最大幅度的产出下降。随后，在政策支持的帮助下，经济活动迅速回升。将这种情况视为独特的，不同于其他周期性经历的理由是，这种暴力的下跌和上涨从未允许传统的“重置”。</blockquote></p><p> But 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.</p><p><blockquote>但市场中的“正常”是一个有趣的概念，记忆的粗糙边缘往往会随着时间的推移而变得光滑和抛光。2003-07年的周期以大萧条以来最大的银行和房地产危机结束。1992-2000年的周期以巨大的股票泡沫破裂、广泛的会计欺诈和难以言喻的悲剧而告终。“正常”周期在理论上很好，但在实践中更难。</blockquote></p><p> Instead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.</p><p><blockquote>相反，让我们考虑一下为什么我们使用术语“周期”。经济和市场往往遵循周期性模式，这些模式往往会在市场表现中显现出来。我们关心的是那些模式，如果它们仍然适用，它们可以在不确定的地形中提供有用的指导。</blockquote></p><p> Was last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.</p><p><blockquote>去年的衰退之前是否存在收益率曲线倒挂、低波动性、低失业率、高消费者信心和股市广度收窄等周期后期条件？是的。由此产生的股票、信贷、收益率和收益率曲线的低谷是否符合市场和经济低点之间的通常节奏？他们做到了。随后反弹的领头羊是否是通常的早期周期赢家，如小型股和周期性股票、高收益信贷和工业金属？他们是。</blockquote></p><p> If it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are.&nbsp;If a lot of 'normal' cycle behavior has played out so far, it should&nbsp;<i>continue</i>&nbsp;to do so.</p><p><blockquote>如果它像鸭子一样走路，像鸭子一样嘎嘎叫，我们认为这是一个正常的循环。或者这些事情实际上是正常的。如果到目前为止已经发生了很多“正常”的循环行为，那么它应该<i>继续</i>这样做。</blockquote></p><p> Specifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see&nbsp;The Growth Scare Anniversary, July 11, 2021).</p><p><blockquote>具体来说，这与市场复苏时的表现模式有关。随着复苏的推进，这些模式应该会发生变化。正如我的同事迈克尔·威尔逊所指出的，我们认为我们正在进入周期中期市场，尽管距离经济活动低点仅16个月。我们看到当前状况与2004年上半年有许多相似之处，2004年上半年是大幅通货再膨胀反弹之后的周期中期。重要的是，尽管最近对增长感到担忧，但我们认为全球复苏将继续推进（见增长恐慌周年纪念，2021年7月11日）。</blockquote></p><p> Because one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.<b>It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.</b></p><p><blockquote>因为人们总能找到适合他们特定周期观点的指标，所以我们长期以来一直是综合指数的粉丝。这就是我们的“周期模型”，它结合了美国宏观、信贷周期和企业侵略性的十个指标，以衡量我们在市场周期中的位置。在2019年6月进入周期后期“低迷”和2020年4月进入周期早期“修复”后，该指数飙升。<b>它上升得如此之快，以至于已经过了下一个阶段（“复苏”），直接进入了“扩张”。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/41879c4f66b33597ee236bdd52841004\" tg-width=\"904\" tg-height=\"490\" referrerpolicy=\"no-referrer\">Thisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',<b>and since 1980, it has taken an average of 35 months to get there after 'downturn' ends</b>. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.<b>It also hints at another possibility:&nbsp;this hotter cycle could be shorter.</b>This is our thesis, and it’s showing up in our quantitative measure.</p><p><blockquote>这很不寻常。“扩张”意味着捕捉“比正常情况更好且正在改善”的条件，<b>自1980年以来，“低迷”结束后平均需要35个月才能实现这一目标</b>它的迅速到来表明，在巨大的政策支持下，经济正在迅速复苏。<b>这也暗示了另一种可能性：这个更热的周期可能会更短。</b>这是我们的论点，它体现在我们的定量测量中。</blockquote></p><p> All this has a number of implications:</p><p><blockquote>所有这些都有许多含义：</blockquote></p><p></p><p> <ul>  <li><b>The shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases</b>. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.</li>  <li><b>In many of those periods, more mixed credit performance occurs despite default rates remaining low</b>. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.</li>  <li><b>In equities, we think that our model supports more balance in portfolios</b>. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.</li>  <li><b>Interest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model</b>. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.</li> </ul> This cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.</p><p><blockquote><ul><li><b>周期越短，信贷相对于其他风险资产越差；信贷从“繁荣”中获得的收益较少，如果下一次衰退提前到来，信贷就会面临风险，并且随着企业信心的增强，信贷将面临更多的供应</b>在我们周期模型的“扩张”阶段，美国IG和HY Credit N1200万超额回报分别比平均水平差29个基点和161个基点。</li><li><b>在其中许多时期，尽管违约率仍然很低，但信贷表现却参差不齐</b>投资者应该尝试承担违约风险而不是利差风险：我们的信用策略师喜欢持有CDX HY 0-15%，并用CDX IG付款人利差进行对冲。</li><li><b>在股票方面，我们认为我们的模型支持投资组合更加平衡</b>我们看好美国和欧洲的医疗保健行业，因为该行业具有几个良好的因素：质量、低估值、高利差和低波动性。从全球来看，欧洲和日本的股市往往跑赢“中期周期”，我们认为它们可以再次这样做。</li><li><b>利率对复苏过于悲观。在我们周期模型的“扩张”阶段，美国10年期国债1200万奈拉回报率比平均水平低97个基点</b>.Guneet Dhingra和我们的美国利率策略团队在全球资产配置中转移了跑输大盘美国10年期国债，而我们反过来又转移了跑输大盘政府债券。</li></ul>这种循环是不寻常的。大多数“正常”周期都是。我们认为复苏是可持续的，而且更有可能“更热、更短”。出售国债并相信扩张。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/morgan-stanley-cycle-will-be-hotter-shorter-usual","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146536243","content_text":"We think that this economic cycle will be normal, strong and short. Each of these assumptions is being hotly debated by the market. Each is key to our investment strategy.\nThe debate over cycle 'normalcy' is self-explanatory. The pandemic created, without exaggeration, the single sharpest decline in output in recorded history. Then activity raced back, helped by policy support. The case for viewing this situation as unique, and distinct from other cyclical experiences, is based on the view that a fall and rise this violent never allowed for a traditional 'reset'.\nBut 'normal' in markets is a funny concept, with the rough edges of memory often smoothed and polished by the passage of time. The cycle of 2003-07 ended with the largest banking and housing crisis since the Great Depression. The cycle of 1992-2000 ended with the bursting of an enormous equity bubble, widespread accounting fraud and unspeakable tragedy. 'Normal' cycles are nice in theory, harder in practice.\nInstead, let’s consider why we use the term ‘cycle’ at all. Economies and markets tend to follow cyclical patterns, patterns that tend to show up in market performance. It is those patterns we care about, and if they still apply, they can provide a useful guide in uncertain terrain.\nWas last year’s recession preceded by late-cycle conditions such as an inverted yield curve, low volatility, low unemployment, high consumer confidence and narrowing equity market breadth? It was. Did the resulting troughs in equities, credit, yields and yield curves match the usual cadence between market and economic lows? They did. And were the leaders of the ensuing rally the usual early-cycle winners, like small and cyclical stocks, high yield credit and industrial metals? They were.\nIf it walks like a duck and quacks like a duck, we think that it’s a normal cycle. Or as normal as these things realistically are. If a lot of 'normal' cycle behavior has played out so far, it should continue to do so.\nSpecifically, this relates to patterns of performance as the market recovers. And as that recovery advances, those patterns should shift. As noted by my colleague Michael Wilson, we think that we are moving to a mid-cycle market, despite being just 16 months removed from the lows of economic activity. We see a number of similarities between current conditions and 1H04, a mid-cycle period that followed a large, reflationary rally. And importantly, despite recent fears about growth, we think that the global recovery will keep pushing on (see The Growth Scare Anniversary, July 11, 2021).\nBecause one can always find an indicator that fits their particular cycle view, we’ve long been fans of a composite. That’s our ‘cycle model’, which combines ten US metrics across macro, the credit cycle and corporate aggression to gauge where we are in the market cycle. After moving into late-cycle ‘downturn’ in June 2019, and early-cycle ‘repair’ in April 2020, it’s rocketed higher.It has risen so fast that it’s blown right past what should be the next phase ('recovery'), and moved right into ‘expansion’.\nThisis unusual. ‘Expansion’ is meant to capture conditions that are 'better than normal, and improving',and since 1980, it has taken an average of 35 months to get there after 'downturn' ends. Its speedy arrival speaks to a speedy recovery powered by enormous policy support.It also hints at another possibility: this hotter cycle could be shorter.This is our thesis, and it’s showing up in our quantitative measure.\nAll this has a number of implications:\n\nThe shorter the cycle, the worse for credit relative to other risky assets; credit enjoys fewer of the gains from the 'boom', is exposed if the next downturn is early, and faces more supply as corporate confidence increases. In the ‘expansion’ phase of our cycle model, US IG and HY credit N12M excess returns are 29bp and 161bp worse than average, respectively.\nIn many of those periods, more mixed credit performance occurs despite default rates remaining low. Investors should try to take default risk over spread risk: our credit strategists like owning CDX HY 0-15%, and hedging with CDX IG payer spreads.\nIn equities, we think that our model supports more balance in portfolios. We like healthcare in both the US and Europe as a sector with several nice factor exposures: quality, low valuation, high carry and low volatility. Globally, equities in Europe and Japan have tended to outperform 'mid-cycle', and we think that they can do so again.\nInterest rates are too pessimistic on the recovery. US 10-year Treasury N12M returns are 97bp worse than average during the ‘expansion’ phase of our cycle model. Guneet Dhingra and our US interest rate strategy team have moved underweight US 10-year Treasuries, and we in turn have moved back underweight government bonds in our global asset allocation.\n\nThis cycle is unusual. Most 'normal' cycles are. We think that the recovery is sustainable and more likely to be ‘hotter and shorter’. Sell Treasuries and trust the expansion.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807106396,"gmtCreate":1628003565815,"gmtModify":1631887042626,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/HOOD\">$Robinhood Markets, Inc.(HOOD)$</a>they’re&nbsp;Using this to fund <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>and <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>losses lol","listText":"<a href=\"https://laohu8.com/S/HOOD\">$Robinhood Markets, Inc.(HOOD)$</a>they’re&nbsp;Using this to fund <a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>and <a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>losses lol","text":"$Robinhood Markets, Inc.(HOOD)$they’re Using this to fund $GameStop(GME)$and $AMC Entertainment(AMC)$losses lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/807106396","isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146374654,"gmtCreate":1626056402778,"gmtModify":1631888641696,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$</a>Good time to average down or wait awhile more?&nbsp;","listText":"<a href=\"https://laohu8.com/S/C09.SI\">$CITY DEVELOPMENTS LIMITED(C09.SI)$</a>Good time to average down or wait awhile more?&nbsp;","text":"$CITY DEVELOPMENTS LIMITED(C09.SI)$Good time to average down or wait awhile more?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/146374654","isVote":1,"tweetType":1,"viewCount":1493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121262796,"gmtCreate":1624466013515,"gmtModify":1634005671234,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>14.94% short interest, 297.2m shares shorted. By ortex","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>14.94% short interest, 297.2m shares shorted. By ortex","text":"$Sundial Growers Inc.(SNDL)$14.94% short interest, 297.2m shares shorted. By ortex","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/121262796","isVote":1,"tweetType":1,"viewCount":2194,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3549489176132085","authorId":"3549489176132085","name":"乘风破浪 激流","avatar":"https://static.tigerbbs.com/f9dad4c3d29328bca3ed9a178794332a","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3549489176132085","idStr":"3549489176132085"},"content":"利息这么高","text":"利息这么高","html":"利息这么高"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168004417,"gmtCreate":1623942703139,"gmtModify":1634025500221,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>FINALLYYYYY","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>FINALLYYYYY","text":"$AMC Entertainment(AMC)$FINALLYYYYY","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/168004417","isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104588048,"gmtCreate":1620397968684,"gmtModify":1631884954463,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OXY\">$Occidental(OXY)$</a>Wonder if their financials will be good this time?&nbsp;","listText":"<a href=\"https://laohu8.com/S/OXY\">$Occidental(OXY)$</a>Wonder if their financials will be good this time?&nbsp;","text":"$Occidental(OXY)$Wonder if their financials will be good this time?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/104588048","isVote":1,"tweetType":1,"viewCount":1091,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"262190804341046","authorId":"262190804341046","name":"Jason1205","avatar":"https://static.tigerbbs.com/a22c3af3bb938bf74c151660df1d68dd","crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"262190804341046","idStr":"262190804341046"},"content":"差不了，一季度的石油价格都在在高位。","text":"差不了，一季度的石油价格都在在高位。","html":"差不了，一季度的石油价格都在在高位。"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123478394,"gmtCreate":1624436830918,"gmtModify":1634006155239,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>can’t wait for the day. We can do this!! Time to take back money from the hedge funds who stole our $$. When in doubt, just go on YouTube or Reddit for conviction.&nbsp;","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>can’t wait for the day. We can do this!! Time to take back money from the hedge funds who stole our $$. When in doubt, just go on YouTube or Reddit for conviction.&nbsp;","text":"$AMC Entertainment(AMC)$can’t wait for the day. We can do this!! Time to take back money from the hedge funds who stole our $$. When in doubt, just go on YouTube or Reddit for conviction.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123478394","isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169473975,"gmtCreate":1623849428097,"gmtModify":1634027141166,"author":{"id":"3574259724752092","authorId":"3574259724752092","name":"Elaela88","avatar":"https://static.tigerbbs.com/3156a5038d2c649a96845e535f028f53","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574259724752092","idStr":"3574259724752092"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>watch Matt Kohrs on YouTube for LIVE AMC updates and talk :)","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>watch Matt Kohrs on YouTube for LIVE AMC updates and talk :)","text":"$AMC Entertainment(AMC)$watch Matt Kohrs on YouTube for LIVE AMC updates and talk :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/169473975","isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}