Musk is different in the respect that he is the CEO of a publicly traded company.
OT: Stock and Investment Thread
- Thread starter RU05
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With a plant in China the landlord showed up looking for his rent. Stealing technology next on the agenda.
Great point - I simply can’t understand the irrational exuberance surrounding Tesla’s potential in China. There are a half-dozen or more legit Chinese EV companies that will own the China market. Why would anyone think China will let Tesla succeed, especially now that Trump is gone? Same goes with the EU. VW will be given every advantage in that market. There is too much at stake in EVs and the rest of the world won’t let Tesla dominate. As it is, domestically, GM made clear during their SB commercials that they are coming for Tesla and touted their battery. The Lyric and Hummer look pretty damn cool.
I do think he should disclose whether he has a personal investment in bitcoin. In addition, I question the use of the company’s cash. This is a business with massive needs for investment in its core business. It raised $12 bn in equity last year alone to, in part, finance that capital spending. Regardless of your view of the viability of bitcoin, is it wise to dilute current stockholders and purchase a highly volatile instrument when those funds will be needed to grow? I think investors are owed a lot more disclosure regarding this purchase.
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These are crazy times. While I’ve been a huge beneficiary of the market’s run, the Reddit traders, Musk’s actions, stock valuations, etc. are all screaming bubble.
I guess the next question you have to ask is how long can a bubble last? Also, if it lasted longer than expected, then the definition of bubble might have changed.
I've been through the 1987 October crash, the 2000 dot com bubble and the 2008 financial crash. None of those markets had a combination of zero percent interest rates, huge financial stimuli/money printing, and huge liquidity. For sure this market will correct at some point, and probably pretty hard but as I recently heard, more money has been lost in anticipation of a correction than from the correction itself. It's really tough to fight the market. One just has to be prudent and agile in this particular market.
Agree - I’ve been taking profits and trimming a few positions, but don’t plan on making any major moves to cash. I always keep some cash on hand anyway to buy on big dips. I simply don’t believe in timing the market. Too hard. Just remain opportunistic and nimble.
+1
The game changed with the interest rates and fed actions. There will surely be some modest dips along the way, but until these 2 things change, the party will continue.
Who knows what will happen and how bad things will get once the game changes back to normal, so we might as well maximize the growth for now.
XONE is up $13/sh. today. Could be the start of powerful bull run. Great company with great products.
FSD?
If no, would you consider purchasing once it's full go?
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I purchased FSD, though still waiting for it to come online. I think there is an option now to pay for FSD by the month; I would strongly consider that option.
I don’t envision a massive correction like those experienced in the past unless an extreme catalyst like COVID resurgence occurs. Inflation and rates rising may cause turbulence and lead to a 10-15% drop over the course of weeks, and the market may trade sideways for a while, but hard not to be long the market given all the help from the Fed.
Tip of the hat to whoever recommended HCMC and AITX a week or two back. I have tiny positions in each, but major jumps thus far.
Note: These were pure WSB speculations plays. Enter at your own risk.
Note: These were pure WSB speculations plays. Enter at your own risk.
Doubled my HCMC money already! More importantly, my crypto portfolio is up 38%. BOOM!
RIOT's up 38% today.
From my portfolio, ZOM, NSPR, and HCMC all have it beat, but 38% is still a pretty good one day move.
These small caps are just absolutely silly right now.
Actually, it was a great commercial for Tesla. Since you can't buy an EV from GM other than the Bolt (yuck), anyone watching who's considering an EV will definitely consider a Tesla. Ya know, the company that actually has a product.
Yeah, I track RIOT and MARA just to compare with my Hive and Argo. Galaxy Digital is also up crazy! It is up about 50% since I bought in.
How will a Bitcoin ETF impact GBTC and ETHE? Competition or rising tide will lift all boats?
LOL. You probably think TSLA bursting in flames is good publicly.
There is a ton of internet hype around the Hummer. However, it’s probably the first time the masses have seen what it actually looks like, not to mention GM/Cadillac are loyalists. I don’t think the GM commercial helped Tesla. In fact, quite the opposite and I find today’s Tesla BTC announcement quite suspect.
I got in on TSNP (HUMBL) a month ago and I'm currently up 438% after they launched their beta payments system and blockchain ETXs. Very risky though IMO, happened to get lucky so far on my one flyer buy of the year.
I would welcome a modest pullback. I need a good buying day. I keep adding small amounts to my brokerage and crypto accounts, but I still have a bunch to put into both.
I was excited all weekend that Monday looked to be the first good BTC and ETH buying day in the past 2 weeks. I woke up, got work going, and then checked out CNBC.....DAMN YOU ELON! HA! HA! Bad timing for me, but great news for BTC and other cryptos.
Do you buy in the extended markets or pre-market time periods? What's the Etrade cost and process?
I dont know much about stock but I have a small IRA that includes GTMEX. I got a message saying they are liquidating & I can either sell or they will redeem. If I did nothing & let them redeem am I going to lose money?
Ya I do sometimes, similar process, just can't go with market pricing, and the "term" needs to be switched from "good for day" to "ext hours".
No additional fees.