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Pryor on Fire
May 14, 2013

they don't know all alien abduction experiences can be explained by people thinking saving private ryan was a documentary

This all seems like a bunch of nonsense considering model 3 demand may be drying up, if that's a real thing then nobody is gonna give a poo poo about the SEC pretty quick here.

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Guinness
Sep 15, 2004

Pryor on Fire posted:

This all seems like a bunch of nonsense considering model 3 demand may be drying up, if that's a real thing then nobody is gonna give a poo poo about the SEC pretty quick here.

You mean all the people that signed up for a "35k" car didn't end up wanting to pay almost 60k when their number came up? Shocking, just shocking.

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
They are selling model 3s as fast as they can make them, and still have a huge backlog. Demand is not the problem.who really expected all the deposits to actually buy a car, get real.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

greasyhands posted:

They are selling model 3s as fast as they can make them, and still have a huge backlog. Demand is not the problem.who really expected all the deposits to actually buy a car, get real.

Demand is not a current problem, but it is very much a problem if you hold the expectations for the company that many investors do.

Their backlog is what; 420,000? GM delivered ~750,000 vehicles in the second quarter alone. In the United States. In that same quarter, GM had an operating profit of a little under $2bn.

All of this would be irrelevant if the two companies didn't have almost the same market valuation. In my opinion, that tells me that TSLA has a very high bar to clear to justify its current price, much less growth in that price. One of many questions on my mind is what is the company going to do when they clear their backlog? What is the end game for this $50bn company when the people camping out in front of the Apple store buy their new iPhone and go home? The fact that the line is already thinning out does not bode well.

If Tesla was a $5bn company I would not give it a second thought. Hell, I might even invest in it since I like their product. However, that may be the problem. People are piling into the stock because they like the product, and not because of any reasonable expectation of financial return or business logic.

Lote
Aug 5, 2001

Place your bets
I would also say demand and support for the stock price is not a current problem if you have people mortgaging their house to buy the stock on margin. :v:

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
Closed out of my IWM short this morning, lost my rear end on it but it feels good to get out of a trade and not have it immediately move against me for a change. I'm gonna go ahead and count it as a win

Is LB bearish enough for a big surprise up? I'm gonna buy Sep 32.50 calls

greasyhands fucked around with this message at 16:17 on Aug 21, 2018

FreelanceSocialist
Nov 19, 2002
SEAC got crushed at open. In at $1.52 $1.56 avg but probably just going to take profit from the bounce rather than hold it.

Michael Transactions
Nov 11, 2013

Up 18% so far his year.

Ulio
Feb 17, 2011


Anyone has any insight on $MB $PRMW? Looking for a bit more of a bit before buying any.

Looking to buy some small cap stocks outside of tech.

Michael Transactions
Nov 11, 2013

Ulio posted:

Anyone has any insight on $MB $PRMW? Looking for a bit more of a bit before buying any.

Looking to buy some small cap stocks outside of tech.

They look like poo poo OP

melon cat
Jan 21, 2010

Nap Ghost
.

melon cat fucked around with this message at 07:20 on Mar 16, 2019

Michael Transactions
Nov 11, 2013

It's crazy to think that 10 years ago Lehman collapsed. Feels like another one is right around the corner

Lote
Aug 5, 2001

Place your bets
If you want to make a Trump based play over the next day or two, Cohen pleading guilty and Manafort trial ending in a guilty verdict is gonna make Trump go ballistic. I think he’s gonna do something destructive to feel important. Bought some UVXY and gonna sell in a day or two.

A MIRACLE
Sep 17, 2007

All right. It's Saturday night; I have no date, a two-liter bottle of Shasta and my all-Rush mix-tape... Let's rock.

I have a really far out vxx call for a rainy day, it’s actually up today too. Also bought mu calls for January but I’m tempted to close them today since they’re up so much already

numberoneposter
Feb 19, 2014

How much do I cum? The answer might surprise you!

:2bong:

numberoneposter fucked around with this message at 21:23 on Aug 21, 2018

melon cat
Jan 21, 2010

Nap Ghost
.

melon cat fucked around with this message at 07:23 on Mar 16, 2019

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
Those texts are just internet jokes right? I keep seeing them around and I dont know anything about them except that theyre funny.

A MIRACLE
Sep 17, 2007

All right. It's Saturday night; I have no date, a two-liter bottle of Shasta and my all-Rush mix-tape... Let's rock.

Azealia banks is friends with grimes and keeps posting their personal convos to her insta is p much it

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
So wait, those are actual texts? Or at least Azealia claims they are?

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
The best reason to stay away from single-stock investing is that you can be ruined when, "Azealia Banks posted her texts with Grimes to Insta"

2018 is so stupid

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
So now we have the president's campaign manager and longtime personal lawyer both going to prison. Wonder at what point anyone is going to care

FreelanceSocialist
Nov 19, 2002

A MIRACLE posted:

Azealia banks is friends with grimes

not for much longer i bet

fougera
Apr 5, 2009

greasyhands posted:

So now we have the president's campaign manager and longtime personal lawyer both going to prison. Wonder at what point anyone is going to care

Don Jr.

fougera
Apr 5, 2009
Separately has anyone looked at PERI? I feel like this came up in the past.

Crap ad tech company trading at 3x FCF...

Foma
Oct 1, 2004
Hello, My name is Lip Synch. Right now, I'm making a post that is anti-bush or something Micheal Moore would be proud of because I and the rest of my team lefty friends (koba1t included) need something to circle jerk to.

spb posted:

It's crazy to think that 10 years ago Lehman collapsed. Feels like another one is right around the corner

That people keep thinking the next crash is coming makes me think it isn't ...hmmmm

LLCoolJD
Dec 8, 2007

Musk threatens the inorganic promotion of left-wing ideology that had been taking place on the platform

Block me for being an unironic DeSantis fan, too!

greasyhands posted:

So now we have the president's campaign manager and longtime personal lawyer both going to prison. Wonder at what point anyone is going to care

I don't think today's news extends beyond "they sure were crooks, and one of them paid off Trump's mistresses (at his request) to keep them silent during the political campaign." Stormy Daniels is not fake news but it is old news, and people are so wiped out by the 24/7 news cycle that only something directly indicating impeachment will make much of an impact beyond a bit of a dip.

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

greasyhands posted:

So now we have the president's campaign manager and longtime personal lawyer both going to prison. Wonder at what point anyone is going to care

Motherfucker should have paid his taxes. This is why we have trillion dollar deficits.

Michael Transactions
Nov 11, 2013

When the Dems win the house and realize he can be impeached now

Michael Transactions
Nov 11, 2013

Foma posted:

That people keep thinking the next crash is coming makes me think it isn't ...hmmmm
Maybe with the dog days of summer coming to an end soon and traders coming back to provide volatility, when they realize Brexit is happening and their is a trade war going that is only getting worse and worse and the fed is raising rates, maybe then they will realize. And it will finally happen

numberoneposter
Feb 19, 2014

How much do I cum? The answer might surprise you!

im going to shotgun a beer and put in some more weed orders

Potrzebie
Apr 6, 2010

I may not know what I'm talking about, but I sure love cops! ^^ Boy, but that boot is just yummy!
Lipstick Apathy

A MIRACLE posted:

Azealia banks is friends with grimes and keeps posting their personal convos to her insta is p much it

I highly doubt they are friends.

Read this thread for a laugh: https://twitter.com/jowens510/status/1029057842341269515

shame on an IGA
Apr 8, 2005

My favorite part of the insane news day yesterday is that Congressman Duncan Hunter's indictment for conspiracy, bank fraud and campaign finance theft reveals that he's so bad at money he ran up 1,100 NSF transactions in his personal checking account from 2009-2016, totaling almost $38,000 of overdraft fees.

Zuarg, run for high office.

FreelanceSocialist
Nov 19, 2002
Wow, Ms. Banks. You sound pretty angsty for someone named after a shrubbery.

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
So now Michael Cohen's lawyer is going on tv and saying Cohen is prepared to outline how Trump colluded with the Russians to influence the election, and the market is green. That's ok, I guess, I get that there is an argument to be made that none of this matters much. But there is a significant chance it *does* matter quite a bit, yet VIX is cratering today. VIX cratering on news that 2 of the President's inner circle guys (one who was around more than a decade, and was his go to "fix it" guy) are going to prison? The president's long time lawyer rolling over completely and saying he is going to outline crimes committed by the president? and VIX craters, from an already low level, to near 12? This is not a healthy market

GoGoGadgetChris
Mar 18, 2010

i powder a
granite monument
in a soundless flash

showering the grass
with molten drops of
its gold inlay

sending smoking
chips of stone
skipping into the fog
Nothing matters bruh, hth

FreelanceSocialist
Nov 19, 2002
The market is in America. America is about as unhealthy as a system can get at the moment.

Rastor
Jun 2, 2001

Above all, remember this: Markets can remain irrational a lot longer than you and I can remain solvent.

greasyhands
Oct 28, 2006

Best quality posts,
freshly delivered
The craziest thing is Michael Cohen set up a loving gofundme, what in the gently caress is going on

FreelanceSocialist
Nov 19, 2002
In other news, I still can't convince my step mother that JCP is a terrible thing to own.

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Agronox
Feb 4, 2005

Until Mikey Cohen can start peeling percentages off of the GDP or decreasing corporate earnings, it's unlikely to hit the stock market too hard.

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