Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (163187)	9/30/2020 7:27:59 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217650

Re <<JPMorgan predicts a 10% rally of S&P>> Wondering if JPM got the latest memo, that prelude to forced-weaning of rare earths, cut off of titanium, there would be coincidental-investigation of a lot of companies in tech space. reuters.com Exclusive: China preparing an antitrust investigation into Google - sources BEIJING/SINGAPORE/SHENZHEN, China (Reuters) - China is preparing to launch an antitrust probe into Alphabet Inc's GOOGL.O Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said. FILE PHOTO: A Google sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song/File Photo The case was proposed by telecommunications equipment giant Huawei Technologies Co Ltd last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added. A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said. The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to hobble Chinese tech companies, citing national security risks. This has included putting Huawei on its trade blacklist, threatening similar action for Semiconductor Manufacturing International Corp 0981.HK and ordering TikTok owner ByteDance to divest the short-form video app. It also comes as China embarks on a major revamp of its antitrust laws with proposed amendments including a dramatic increase in maximum fines and expanded criteria for judging a company’s control of a market. A potential probe would also look at accusations that Google’s market position could cause “extreme damage” to Chinese companies like Huawei, as losing the U.S. tech giant’s support for Android-based operating systems would lead to loss of confidence and revenue, a second person said. The sources were not authorised to speak publicly on the matter and declined to be identified. Google did not provide immediate comment, while Huawei declined to comment. China’s top market regulator, the State Administration for Market Regulation, and the State Council did not immediately respond to requests for comment. EUROPE’S EXAMPLEThe U.S. trade blacklist bars Google from providing technical support to new Huawei phone models and access to Google Mobile Services, the bundle of developer services upon which most Android apps are based. Google had a temporary licence that exempted it from the ban on Huawei but it expired in August. It was not immediately clear what Google services the potential probe would focus on. Most Chinese smartphone vendors use an open-source version of the Android platform with alternatives to Google services on their domestic phones. Google’s search, email and other services are blocked in China. Huawei has said it missed its 2019 revenue target by $12 billion, which company officials have attributed to U.S. actions against it. Seeking to overcome its reliance on Google, the Chinese firm announced plans this month to introduce its proprietary Harmony operating system in smartphones next year. Chinese regulators will be looking at examples set by their peers in Europe and in India if it proceeds with the antitrust investigation, the first source said. “China will also look at what other countries have done, including holding inquiries with Google executives,” said the person. The second source added that one learning point would be how fines are levied based on a firm’s global revenues rather than local revenues. The European Union fined Google 4.3 billion euros ($5.1 billion) in 2018 over anticompetitive practices, including forcing phone makers to pre-install Google apps on Android devices and blocking them from using rivals to Google’s Android and search engine. That decision prompted Google to give European users more choice over default search tools and giving handset makers more leeway to use competing systems. Indian authorities are looking into allegations that Google is abusing its market position to unfairly promote its mobile payments app. ($1 = 0.8524 euros) Reporting by Cheng Leng in Beijing, Keith Zhai in Singapore, and David Kirton in Shenzhen; Additional reporting by Paresh Dave in San Francisco; Editing by Tony Munroe and Edwina Gibbs Subscribe to our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. Sent from my iPhone

To: Julius Wong who wrote (163187)	10/2/2020 9:30:15 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217650

Portnoy is right and wrong, that gambling on stocks is not the same as wagering on sports, and that the act is somehow sporting. On-line wagering on stocks is not sport. It is computer gaming. bloomberg.com Dave Portnoy Says He’s the Most Talked About Name on Wall Street Luke McGrath Dave Portnoy Photographer: Slaven Vlasic/Getty Images Barstool Sports founder Dave Portnoy says he’s the most talked about person on Wall Street. At the beginning of the Covid-19 pandemic, Portnoy pivoted from covering sports as Barstool’s “El Presidente” to live streaming himself making stock picks as “Davey Day Trader.” “If you told me that was going to happen six months ago I would’ve looked at you like you had 10 heads,” Portnoy said during an interview on the Masters in Business podcast with Barry Ritholtz. Click here to listen to the interview with Portnoy “It’s colorful, it’s different, I don’t think anybody on Wall Street had ever seen somebody like myself,” Portnoy said, adding that he was trading “with large amounts of money and being very upfront about it.” In the early days of the pandemic, Portnoy said he realized investing had the potential to fill the content gap while professional sports was on hiatus. “Sports was canceled, but it was a sport in a different kind of way really,” he said. Since he’s become a day trader, Portnoy has made waves by calling out Warren Buffett, exchanging insults with Wolfpack Research and slamming a Deutsche Bank analyst for his cautious view of Penn National Gaming Inc., which has a 36% equity-stake in Barstool. “I think a lot of people on Wall Street actually love it,” Portnoy said, noting he gets comments that his content is refreshing and a breath of fresh air. Portnoy, who has 1.8 million Twitter followers, said his investment strategy is to focus mostly on brand names rather than “panic stocks.” His foray into day trading hasn’t been easy. Portnoy said he lost about $3 million early on in part due to failed attempts to short stocks, a practice he has since given up. Since then, he said his portfolio gained as much as $4 million on paper and that he’s currently up about $1 million after the market’s recent pullback. “That doesn’t bother me at all because I’m up. When you’re down it’s a lot harder to go further down. But, I do overall believe if you just hold, and you have the time to hold, stocks will always go up,” Portnoy said. “Unlike sports gambling where the clock strikes zero and the game’s over and you owe, the stock market really doesn’t do that, it keeps going.” Before it's here, it's on the Bloomberg Terminal. LEARN MORE