OT: Stock and Investment Thread
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Can someone tell me why TSLA is up 4.5% on the day a 150,000 car recall is announced? I realize that has no impact on the long term health of the company but it seems good news pushes the stock up and bad news pushes the stock up. So if an earthquake shut down production at the California plant for 2 weeks the stock should pop 10% higher ?
The market (i.e., people) are not rational. They are emotional.
One analyst increased their forecast to $1,200.
Let's roll!
ARKK blowing up, crytpos blowing up. Pfizer announced vaccine doses to be delivered earlier than expected. Life is good! Market is happy.
That doesn't make sense. An emotional response would be a selloff the instant the word "recall" is announced . A rational response would be to realize this recall is for older models S & X (before 2018), the memory chip has been undated in newer models and no longer poses a problem, and this recall has no effect on the long term prosperity of the company.
Another firm made the same call two weeks ago and the stock went down to 790. This is the Musk fan boys dumping the Reddit trades and parking money back to TSLA and Bitcoin.
Let's roll!
ARKK blowing up, crytpos blowing up. Pfizer announced vaccine doses to be delivered earlier than expected. Life is good! Market is happy.
Yet Pfizer is down for the day.
To justify TSLA at these prices, you need the company to grow its annual car sales from 500k to 8mm by 2030. And then, you need a majority of those TSLA owners to pay More than 2x per month per month Than they do today for various services, including autonomous driving, movie and video games, and others. You also need some of the fledgling businesses, such as energy or taxi, to contribute something. Assuming that happens, the stock is worth today’s price. If one of those fledgling businesses outperforms on top of the car and services (that’s the real engine), it could be worth more.
So, if you believe in the above, a recall isn’t really relevant.
But it likely will affect the next quarter, earnings not sales. Getting away from a short term perspective is something that would be good for the market, but is exactly what has NOT been happening for the last 3 weeks.
Remember, the "common man" was crying foul because they couldn't buy Gamestop last Thursday. Plenty of opportunity to do so at lower prices right now. They should be thanking Robinhood.
more people buying the stock than selling the stock.
Just saw on Bloomberg that Portnoy tweeted that he had "officially sold all my meme stocks. I lost 700K ish".
Samy Char, chief economist at Banque Lombard. "The markets can be very irrational in the short term, but at some point we do believe that in the medium to long term, the market gets back to trading closer to the fundamentals. If these stocks are in the end not companies that will generate a viable quality trend of profits, then investors that want to buy them at some point will shrink." Exactly
Samy Char, chief economist at Banque Lombard. "The markets can be very irrational in the short term, but at some point we do believe that in the medium to long term, the market gets back to trading closer to the fundamentals. If these stocks are in the end not companies that will generate a viable quality trend of profits, then investors that want to buy them at some point will shrink." Exactly
I've got Tesla solar panels, and the company hasn't even billed me in the last two months. I figure every employee just quit their jobs since they're all wealthy now.
ETH hits 1,500 for the first time ever. Big moves by the #2 crypto. Overall market showing strength. My crypto portfolio already up a nice 20% overall.
Hey, how about a finder's fee for the ARK and crypto I turned you onto
........ok, then we'll just share a beer when things get back to normal.
Hell Yeah! TKR Investment Group monthly lunch/dinner. Gotta be planned when back to normal.Hey, how about a finder's fee for the ARK and crypto I turned you onto
BTW, the only downside is that I need a few more buying days to reach my planned allocations and amounts (for cryptos and E-Trade). Sure, I will adjust and add to these in the future, but I'm hoping to get to these initial levels by the end of Feb.Hey, how about a finder's fee for the ARK and crypto I turned you onto
Do you have powerwall(s) also? I'll be due for a new roof in a few years and would love to do the solar roof (shingles). Have you had a good experience so far?
OK, then keep an eye on PLL, GPRO and XONE. My guru that I follow recommended these and all have been very profitable for me. GPRO reports earnings Thursday after hours.
I was lucky enough to get in on ARKK and ARKQ in May (March would have been sweeter). December, I bought into ARKG which, IMO, could outperform all of their funds. Enormous potential in genomics and gene editing.Hey, how about a finder's fee for the ARK and crypto I turned you onto
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I looked into all of them, but ARKK really seems to capture the best of the best (which makes sense since it is their flagship ETF). Happy to keep it simple and keep rolling with it.
Ha! In an insane world, you can always count on Mark Cuban to be a jackass.
This is precisely why I contend that Tesla is a house of cards that is not supported by a shred of fundamentals. Great company. But the RH traders, hedge funds, and political insiders keep Tesla flying high. Hard to believe that Pelosi’s husband is allowed to buy $1M of Tesla options a few days before Biden announces his EV initiative. Gov’t corruption at its finest.
Where did you read this? And did you actually do your own research before taking it at face value?
Where have you been - it’s been reported in every major media outlet. Just Google it.
https://www.washingtontimes.com/news/2021/jan/29/nancy-pelosis-big-tesla-stock-buy-raises-ethics-qu
So which is it?
I'm not a fan of Pelosi but let's get the facts straight. Personally I think all members of Congress and their immediate families should be banned from buying individual stocks and be limited to index funds only. Both Democrats and Republicans made money getting early info on Covid last year.
Not yet. I just bought the house and I'm looking to buy out the solar lease and put in a powerwall. The solar side isn't very customer friendly to be honest.
Which is it? I haven’t pulled every article on the subject but it’s been all over the news in the past week. You don’t think Pelosi’s husband knows exactly what and when Biden is going to announce major initiatives regardless of whether it’s 3 days or 3 weeks prior?
You don't think <fill in the blank> knows exactly what and when <Ex President's name> is going to Tweet major initiatives?
What's your point again? Pelosi is corrupt? Water is wet?
Hope this proud ape smartens up, lest his diamond hands turn to cubic zirconia.
You don’t think 2.8 million people could trade that? Reddit’s Wall Street Bets has 8 million people registered. 20% of them could easily trade that volume.