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Lote
Aug 5, 2001

Place your bets
I’m thinking that if the stock gets into the 230s that there will be a snowball effect from the people trying to avoid the margin call. Musk is playing with fire by leveraging with his own stock.

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Elephanthead
Sep 11, 2008


Toilet Rascal

greasyhands posted:

I guess now we know why Philip Frost was always dicking around with those lovely penny stocks.

http://amp.miamiherald.com/latest-news/article218013085.html#amp_tf=From%20%251%24s

RIP OPK. I think you managed to somehow acquire real assets but we shall never know.

Power of Pecota
Aug 4, 2007

Goodness no, now that wouldn't do at all!

Ulio posted:

Elon Musk smokes weed with Joe Rogan and says he is a flat earther, TSLA stock plummets.

lmao

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

Tesla appears to be looking at lots of Model 3 cancellations, or they are just too disorganized to actually deliver cars. Whatever the cause is they are now offering "here's what he have lots of not what you ordered" events:

https://electrek.co/2018/09/09/tesla-model-3-immediate-deliveries-first-come-first-served-basis//

This seems bad.

melon cat
Jan 21, 2010

Nap Ghost
.

melon cat fucked around with this message at 07:26 on Mar 16, 2019

Cheesemaster200
Feb 11, 2004

Guard of the Citadel

Pryor on Fire posted:

Tesla appears to be looking at lots of Model 3 cancellations, or they are just too disorganized to actually deliver cars. Whatever the cause is they are now offering "here's what he have lots of not what you ordered" events:

https://electrek.co/2018/09/09/tesla-model-3-immediate-deliveries-first-come-first-served-basis//

This seems bad.

I love the comments section of that article. Lots of Tesla fans who are no open to criticism of the company.

FreelanceSocialist
Nov 19, 2002
Even with cancellations, isn't the 3 outselling every single other EV?

Elephanthead
Sep 11, 2008


Toilet Rascal
Ah the a reservation is not a reservation to get a car system.

Ulio
Feb 17, 2011



So close, if only I replaced flat earth with simulation theory.

paternity suitor
Aug 2, 2016

I don’t know who has actually listened to it, but after the first 20 minutes (which was really really bad), the Elon Musk pod with Rogan was fun as hell to listen to. Elon is very autistic and I suspect a little depressed. The way it’s being covered in general is disingenuous IMO.

Oscar Wild
Apr 11, 2006

It's good to be a G

paternity suitor posted:

I don’t know who has actually listened to it, but after the first 20 minutes (which was really really bad), the Elon Musk pod with Rogan was fun as hell to listen to. Elon is very autistic and I suspect a little depressed. The way it’s being covered in general is disingenuous IMO.

Agreed, all those coke snorting traders and TV people are clutching at pearls. But it's also true that Teslas stock price is equally stupid.

Michael Transactions
Nov 11, 2013


Leperflesh
May 17, 2007

ooh, -0.5 hard economic data, that's a... number

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
ARYC, today is The Beginning

Ulio
Feb 17, 2011


I know there is a few people have ACB who here.

https://www.bloomberg.com/news/articles/2018-09-10/aurora-cannabis-icc-labs-deal-fuels-marijuana-stock-momentum?srnd=premium-canada

They have agreed on a deal with ICC a Vancouver based cannabis company to acquire them. ICC has 70% of the Uruguay weed market which was the first country to legalize marijuana. They also have deals in Colombia for medical marijuana and Mexico.

paternity suitor
Aug 2, 2016

Leperflesh posted:

ooh, -0.5 hard economic data, that's a... number

Number go down

paternity suitor
Aug 2, 2016

Oscar Wild posted:

Agreed, all those coke snorting traders and TV people are clutching at pearls. But it's also true that Teslas stock price is equally stupid.

I never invest in Tesla at all (in its current state). I wish them well but yikes. Anyone who listened to that and found it unhinged is a boring person that I feel bad for.

Lote
Aug 5, 2001

Place your bets
The stock is so irrational that the news that the chief accountant left after 4 weeks who immediately landed a job, so he must have started planning to leave in the first week of his new job, that bombshell is outweighed by saying they have a new internally promoted automotive chief and they are holding impromptu car sales at pop up dealerships, and also a firm reiterated their $410 price target.

It seems like desperation on Tesla’s part and a lot of clutching at straws.

Oscar Wild
Apr 11, 2006

It's good to be a G
https://www.marketwatch.com/story/teslas-stock-stumble-is-a-buying-opportunity-analyst-says-2018-09-10

Someone owns tesla.

Edit: this is great.

Analysts at Baird, meanwhile, reiterated their equivalent of a buy rating on the stock and named it a “fresh pick,” saying “strong fundamentals should drive shares higher,” with investors underestimating results in the second half of the year.

Lote
Aug 5, 2001

Place your bets
Meanwhile Tesla bonds are yielding 8.5% on the secondary market.

Edit: Counterpoint: “I went "ALL-IN" on Friday at $262. Every last cent in my account. All my signals pointed to 250's being a 52 week low eventually. I am a long term hold, I won't sell ever. I don't care if it goes to $550.”

Lote fucked around with this message at 20:47 on Sep 10, 2018

shame on an IGA
Apr 8, 2005

I want to play major supply disruptions in pork and softwood pulp products, what do?

crazypeltast52
May 5, 2010



I could sell my TSLA options today and be ahead, mainly because my call gained so much. I expected to lose money on that one and make it on my put, not the other way around!

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!
I agree with the others that there really wasn't anything outrageous about Musk's interview with Joe Rogan. He's an eccentric but interesting guy and if you weren't paying close attention you might have missed that he took a puff of what I presume was some good quality weed/tobacco mixture. The only awkwardness was from Rogan saying all of the "you're the most brilliant person ever" stuff.

I still wouldn't buy TSLA but that's because of the business.

Elephanthead
Sep 11, 2008


Toilet Rascal
I wouldn't buy Tesla because the current shareholders have already been rewarded with 30 years worth of net income.

freezepops
Aug 21, 2007
witty title not included
Fun Shoe

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.

Ugh I just added 50 shares of mu yesterday why do I do this

Ulio
Feb 17, 2011


Seems like the emerging markets blowing up really hurt China. Hong Kong exchange is officially a bear market.

https://www.bloomberg.com/news/articles/2018-09-10/hong-kong-stocks-hit-from-all-sides-as-reasons-to-sell-pile-up

Lote
Aug 5, 2001

Place your bets
The accountant leaves after one month -7%.

A new head automotive chief gets promoted: +9%

Two colors get dropped: -4%

What is even happening?

hostile apostle
Aug 29, 2006
:stadia::stadia::stadia::stadia::stadia:
Stadia didn't outlive SA but it did outlive Lowtax - Happy Birthday Stadia! #ad
:stadia::stadia::stadia::stadia::stadia:

A MIRACLE posted:

Ugh I just added 50 shares of mu yesterday why do I do this

This is the most frustrating stock for sure - 100% driven on sentiment and fear. Stay the course, earnings next week...

Total knee jerk downgrades from the analysts, they are just having a hard time keeping the PT so high.

NAND pricing is dropping (as has been expected for a long time) but their cost of production is dropping even faster and their NAND ASPs are stable even because of DRAM bundling.

Oscar Wild
Apr 11, 2006

It's good to be a G

Ulio posted:

Seems like the emerging markets blowing up really hurt China. Hong Kong exchange is officially a bear market.

https://www.bloomberg.com/news/articles/2018-09-10/hong-kong-stocks-hit-from-all-sides-as-reasons-to-sell-pile-up

Yeah, I sold all my eem yesterday. It hurt.

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.

Lote posted:

The accountant leaves after one month -7%.

A new head automotive chief gets promoted: +9%

Two colors get dropped: -4%

What is even happening?

I’ve got a 250 10/5 put just to follow along with the drama

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!
Holy smokes some nutjob really has it out for me. Look at my shiny new avatar text.

I was waiting to see whether JD would collapse further but it seems to have stabilized for now.

Michael Transactions
Nov 11, 2013

Lote posted:

The accountant leaves after one month -7%.

A new head automotive chief gets promoted: +9%

Two colors get dropped: -4%

What is even happening?

Trying to make sense of algorithms trading with each other.

edit:
BofA's Barnaby Martin: "over the last 6 months, the cumulative number of interest rate hikes across the globe is almost on par with that seen just prior to the Lehman event"

Michael Transactions fucked around with this message at 17:38 on Sep 11, 2018

Lote
Aug 5, 2001

Place your bets
It’s also amazing how much vitriol has carried over from Musk to the r/Tesla and twitter community. Lots of people adopting the viewpoint that shorts can FUD a company to bankruptcy. :lol:

Oscar Wild
Apr 11, 2006

It's good to be a G

Lote posted:

It’s also amazing how much vitriol has carried over from Musk to the r/Tesla and twitter community. Lots of people adopting the viewpoint that shorts can FUD a company to bankruptcy. :lol:

I don't think this is a terrible viewpoint. Actively rooting for the devaluation of a company isn't exactly great. Equity is meant to reward shareholders, historically that has been through dividend distributions. Shorting really doesn't provide a societal good outside making money on the way down.

Comrayn
Jul 22, 2008
If you want to contribute to society stock trading is probably not the right outlet.

ranbo das
Oct 16, 2013


Ken Lay was also adamant that short sellers were attacking his company and they were the only reason it failed. He compared short sellers to terrorists about a month after September 11th.

shame on an IGA
Apr 8, 2005

Broke: shorting a stock and then trying to talk down sentiment

Woke: bribing the management to buy the company for you with its own debt and then selling all the assets and walking away from the smoldering remains to do it all again

Syrinxx
Mar 28, 2002

Death is whimsical today

Short sellers are scum much like people that bet the don't pass bar in craps

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Solice Kirsk
Jun 1, 2004

.
Never forget :patriot:

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