Economy stock talk v7, meme stocks go up

[brackis1]

They do, and it's been that way since the post-WWII shift away from physics.

Would be amazing to see what those minds could do when applied to something other than inventing new financial derivatives for rich people to play with.

You realize that these guys finance and oversee companies that employ tens of thousands of engineers of all subsets, right?
Exactly like Musk.
People think because Musk is young and is a twitter troll that can spew off some technical sounding lines about his products that he is somehow involved in the day to day hard design and science. It's like, nah this dude literally spends half his time doing media stunts and the rest making leadership level decisions, just like every other rich fuck.
I mean for fucks sake the dude has himself as the director of a tax shelter charity to homeschool his 5 (now 6) kids at his office. The guy is an egomaniac control freak who thinks his momentary attention to concepts will produce infallible results due to confidence/hubris. Which is why he has been so dead wrong on so many things such as coronavirus yet continues to act like an expert.

 

[Tycho- Taylor's Version]

You realize that these guys finance and oversee companies that employ tens of thousands of engineers of all subsets, right?
Exactly like Musk.

My point had nothing to do with who they employ, but what they produce.

People think because Musk is young and is a twitter troll that can spew off some technical sound lines about his products that he is somehow involved in the day to day hard design and science. It's like, nah this dude literally spends half his time doing media stunts and the rest making leadership level decisions, just like every other rich fuck.

This is where your argument comes off more like a vendetta than rational skepticism.

 

[brackis1]

My point had nothing to do with who they employ, but what they produce.



This is where your argument comes off more like a vendetta than rational skepticism.

What is irrational about questioning how someone flies 150,000 miles a year by private jet (that's almost a flight a day lol), is posting on twitter at all hours responding to random people, has a higher executive turnover than any major company in existence, has 6 kids, and tries to make current event memes is also somehow in the trenches advancing hard-science topics in a manner more significant than literally 10s of thousands of geniuses who don't do any of that other shit but dedicate their lives to a single pursuit?
You really think this dude is a once in a lifetime ronda rousey level inventor?

 

[Stoic1]

@brackis1, you have spent YEARS here hating on Musk in a way that just doesn't seem normal. I mean it seems like borderline obsessive. Did he do something to you *PERSONALLY*? Serious, man - you hate this dude more than seems rationally deserving. He steal a million dollar patent off you?

 

[brackis1]

@brackis1, you have spent YEARS here hating on Musk in a way that just doesn't seem normal. I mean it seems like borderline obsessive. Did he do something to you *PERSONALLY*? Serious, man - you hate this dude more than seems rationally deserving. He steal a million dollar patent off you?

It's really not that hard: our space rock is filled with dumb as fuck people who worship this guy as good and ignore evidence to the contrary, just like you're doing right now.
How about a "wow thanks for taking the time to research the issue and support your claim"? Nah too hard for ya? Always the "hey let me ignore everything and call someone mad" reply.
This leads people with brains to get upset because well, why does anyone get upset when they see shit happening that is fucking retarded that people support? That's literally what 90% of the threads in the War Room are: someone posting something they find stupid/bad.

I make money following industrial developments and stock moves, so sorry if I happen to notice that someone is pulling a massive industrial con affecting huge populations. Want to pretend CNBC didn't send me 2 different push notifications to my phone today about shit Elon Musk tweeted? Did I request those? No. It's like asking why people get mad a Trump: because he won't shut the fuck up and the goal is 24/7 attention over outlandish tweets.

I'll flip it around: what could possibly lead you to conclude this guy is anything but a pathological liar bent on industrial takeover?

But hey nothing new on here: some dumb as shit mouthbreather sees me string together more than 2 sentence, something they might never do outside of a best man speech, and uses that as an excuse to dismiss any further thought as illogical anger.

Still haven't heard what you do with your life after you ran away like a little boy when I mopped the floor over that Sacramento protest crybaby routine you did lol.

 

[kahiljabroni]

Dropping in to say i had a good week overall...could have been incredible if i wasn't closing my positions out eod.

I pretty much have 80% of my money invested daily and then I'm out eod although i did keep about half in Thursday through Friday that paid off nicely. No way in hell I'm holding anything through the weekend in this market.

My strategy is not optimal...im learning and it's evolving. I'm always kinda expecting the other shoe to drop and the market to tank. Im not a doom and gloom guy but it's concerning that the nasdaq is up ytd. In a way the market makes sense because small businesses will be crushed which will only drive more business to publicly traded corporations. Then add in that unemployed people are making more dough than ever and the entire country got chipped off thousands for no reason, now multiply that by extreme pent up demand and this economy is going to rocket up eventually. Quarter 2 earnings however should be abysmal and hopefully that will bring down stock prices long enough to load up before they launch into the stratosphere.

 

[brackis1]

Dropping in to say i had a good week overall...could have been incredible if i wasn't closing my positions out eod.

I pretty much have 80% of my money invested daily and then I'm out eod although i did keep about half in Thursday through Friday that paid off nicely. No way in hell I'm holding anything through the weekend in this market.

My strategy is not optimal...im learning and it's evolving. I'm always kinda expecting the other shoe to drop and the market to tank. Im not a doom and gloom guy but it's concerning that the nasdaq is up ytd. In a way the market makes sense because small businesses will be crushed which will only drive more business to publicly traded corporations. Then add in that unemployed people are making more dough than ever and the entire country got chipped off thousands for no reason, now multiply that by extreme pent up demand and this economy is going to rocket up eventually. Quarter 2 earnings however should be abysmal and hopefully that will bring down stock prices long enough to load up before they launch into the stratosphere.

I believe we've been over this before: but be very sure you know what your tax liabilities are going to be on this.
If you enter and exit a position, then try to re-enter within 30 days, if either of those trades results in a loss, that loss won't be allowed to offset gains until NEXT YEAR under the wash rule unless you pre-apply for Trader Status.


To your macro point: yeah it's a depressing and sick turn of events that this virus is basically killing all small business and constraining people to the biggest oligarchical corporations.

 

[kahiljabroni]

I believe we've been over this before: but be very sure you know what your tax liabilities are going to be on this.
If you enter and exit a position, then try to re-enter within 30 days, if either of those trades results in a loss, that loss won't be allowed to offset gains until NEXT YEAR under the wash rule unless you pre-apply for Trader Status.


To your macro point: yeah it's a depressing and sick turn of events that this virus is basically killing all small business and constraining people to the biggest oligarchical corporations.

Yeh I've been trying to avoid it. As for pre applying for trader status..are we talking applying as a day trader? Does that alleviate the wash rule problem?

 

[brackis1]

Yeh I've been trying to avoid it. As for pre applying for trader status..are we talking applying as a day trader? Does that alleviate the wash rule problem?

It's a whole different ball game frankly and not worth considering unless you have some stockpile of cash you're trying to make income-affecting moves around. But yes, traders with status can avoid the wash rule. But it's like becoming a member of a golf club just to get the free mints at check-in: not worth it unless you're committed.

 

[kahiljabroni]

It's a whole different ball game frankly and not worth considering unless you have some stockpile of cash you're trying to make income-affecting moves around. But yes, traders with status can avoid the wash rule. But it's like becoming a member of a gold club just to get the free mints at check-in: not worth it unless you're committed.

Gotchya. Nah I'm working with 60k at the moment...plan on adding 20k per year to it and hopefully booking profits along the way. I'm gonna track my performance and if i can't beat index funds ill make a new plan.

 

[Stoic1]

It's really not that hard: our space rock is filled with dumb as fuck people who worship this guy as good and ignore evidence to the contrary, just like you're doing right now.
How about a "wow thanks for taking the time to research the issue and support your claim"? Nah too hard for ya? Always the "hey let me ignore everything and call someone mad" reply.
This leads people with brains to get upset because well, why does anyone get upset when they see shit happening that is fucking retarded that people support? That's literally what 90% of the threads in the War Room are: someone posting something they find stupid/bad.

I make money following industrial developments and stock moves, so sorry if I happen to notice that someone is pulling a massive industrial con affecting huge populations. Want to pretend CNBC didn't send me 2 different push notifications to my phone today about shit Elon Musk tweeted? Did I request those? No. It's like asking why people get mad a Trump: because he won't shut the fuck up and the goal is 24/7 attention over outlandish tweets.

I'll flip it around: what could possibly lead you to conclude this guy is anything but a pathological liar bent on industrial takeover?

But hey nothing new on here: some dumb as shit mouthbreather sees me string together more than 2 sentence, something they might never do outside of a best man speech, and uses that as an excuse to dismiss any further thought as illogical anger.

Still haven't heard what you do with your life after you ran away like a little boy when I mopped the floor over that Sacramento protest crybaby routine you did lol.

Jesus, dude. I asked a pretty simple question because you seem obsessed. I was wrong.

You're unhinged.

Completely.

I think I have seen enough here. You're at Kong level illness.

 

[brackis1]

Jesus, dude. I asked a pretty simple question because you seem obsessed. I was wrong.

You're unhinged.

Completely.

I think I have seen enough here. You're at Kong level illness.

Once again, completely ignore everything I say, then feign shock when your mongoloid little personal attack gets met with a response.
For the thousandth time: what qualifies you to speak about literally anything on earth? I've never seen someone who continues to come into threads, attack random people, can't source an argument, and can't describe anything about how the topic at hand relates to their life when questioned.
I contribute stock convo to this thread on a daily basis about dozens of other companies and news events not related to Musk.
He is coming up right now because of a historic round of volatility where a single man shouting on twitter is causing tens of billions of dollars in financial upheaval to the point where CNBC is sending me push-notifications about it without me asking (and why there are a bunch of other posters making threads about him right now spreading his bullshit). I made more money in 30 minutes last week off this guy than you will make this month.

If I'm Kong level here, you're a pygmy runt. I already wiped the floor with your retardation when you pretend like the lockdown was affecting you more than me in the other thread, couldn't reply even saying what you do, but now you're back to talk shit about yet another topic you know nothing about.

 

[Stoic1]

^

 

[brackis1]

^

Despite all my rage, that's still just Nicolas Cage.


P.S. Again nothing about who you are or anything on topic. Just empty sad hollow replies where you cling to memes made by other people and deflect sourced commentary. Even people I'm very politically against in this thread realize my analysis on companies and stocks is reasoned, sourced, and reflective of the market-pulse.

 

[rob mafia]

it's funny how these threads always go like this... but especially since feb.

and fwiw - cnbc did seriously send me news "alerts" to my damn phone about elon tweeting/being on a podcast.

 

[brackis1]

it's funny how these threads always go like this... but especially since feb.

and fwiw - cnbc did seriously send me news "alerts" to my damn phone about elon tweeting/being on a podcast.

Especially since Feb?
You and BonesJones spent 6 months yelling at each other over pot stocks hahaha.
My spat with Stoic is actually from another thread where I embarrassed him over an unrelated topic, he ran away silently, then decided to randomly come in here lol.

And yeah CNBC is #1 Musk hypebeast. It's totally out of scope. They know Tesla is an incredible recruiting tool for getting a new generation of stonk following robinhooders to watch their shows.

 

[shockaholic12]

Except it doesn't bore Musk at all. He is obsessed with the stock price and making financial calculations.
I've read bio pieces where he brags about how he got his start doing research for bond trading and was passionate for it lol.
He has amassed one of the most corrupt "independent" boards in corporate history, an absurd pay package, makes cunning moves to shift assets and publicity between SapceX+Tesla+Boring Company. Is claiming to sell some of his mansions because he wants to be more free, when in reality he is totally cashless and needs the money in order to active huge options payouts while shedding assets in a housing market that isn't going to look kindly on overpriced mansions.

The man has taken out loan against 56% of his Tesla shares. It's a con dude; a way to fund massive indulgence and self-investment without torpedoing shareholder value because he buys tiny bits of shares while essentially selling his shares (by borrowing against them).
The guy hasn't invented shit and Buffet, while an overrated fat cat, has at least sailed a bunch of companies through macro-impactful activities for decades above and beyond having sold 500,000 sports cars to rich bros.

He was talking about manufacturing and engineering. Not listing off things he claims he invented himself and Buffet didn't so he sucks. You obviously went into that podcast with a very strong bias because you're spinning a lot of stuff way out of context. Elon has created a company that has manufactured some amazing things, like reusable rockets and electric cars folks enjoy, and that clearly at this point in his life is far more interesting a endeavor than reading financial reports on random companies to build his portfolio, which is what Warren does. I can see you very badly want this to be some example of Elon beating his chest on a high horse but really it was just a tech geek wishing more smart folks focused on engineering.

I have a pretty hard time believing Elon literally doesn't have a dollar to his name and is somehow "totally cashless" and has to sell everything and rent a pad to make ends meet.
What do you think is more likely in next the 25 years. Elon is really a total con man and winds up homeless or he's actually got some vision and SpaceX gets a person, maybe the first one, on Mars?

 

[brackis1]

He was talking about manufacturing and engineering. Not listing off things he claims he invented himself and Buffet didn't so he sucks. You obviously went into that podcast with a very strong bias because you're spinning a lot of stuff way out of context. Elon has created a company that has manufactured some amazing things, like reusable rockets and electric cars folks enjoy, and that clearly at this point in his life is far more interesting a endeavor than reading financial reports on random companies to build his portfolio, which is what Warren does. I can see you very badly want this to be some example of Elon beating his chest on a high horse but really it was just a tech geek wishing more smart folks focused on engineering.

I have a pretty hard time believing Elon literally doesn't have a dollar to his name and is somehow "totally cashless" and has to sell everything and rent a pad to make ends meet.
What do you think is more likely in next the 25 years. Elon is really a total con man and winds up homeless or he's actually got some vision and SpaceX gets a person, maybe the first one, on Mars?

What company did Musk create? He sued Tesla's founders for the right to be called a founder for christ's sake lol.

Don't believe Musk is a paper billionaire entirely dependent on stock pumping? How come he has loans out against the majority of his shares at a rate many times higher than any other public company in existence? (hint: it's because he has no cash and his success is built on the mystique of stock price; selling stock hurts share prices while taking out huge loans doesn't, as long as you keep getting more shares to borrow against to pay it back plus interest. The guy literally took a loan out on his shares to buy a few extra shares at market-high prices in order to get people excited about valuation; literally circular financing to inflate value)


Maybe Musk's testimony when sued for his comments might support that too?

How about the fact that he has to sell all his houses (that he bought on margin loans) in order to have money to purchase stock options in order to make $750 million in options arbitrage? (needs about 750 million in cash to pay for options that are worth 1.5 bill, thus a 750 mil profit)
He is lying and pretending he had some sudden ephipahy that he doesn't need houses the same week those options became available. What a miracle that someone who owns 7 mansions on loan would suddenly not want as many!

Let's also ignore that such an options pay package is historically corrupt and Tesla is going to be sued for that too.

These are all things reported by real people at real media cos and public legal knowledge, but people ignore it because he is a cult leader. Saying "I have a tough time believing he is such and such" just don't cut it in the modern world of conman shit. I have a tough time believing we caught a presidential candidate on tape bragging about groping women, but it happened and retards didn't care and he won. Shitty humans get ahead all the time as long as they're funding the right defenders and allies.

 

[rob mafia]

Especially since Feb?
You and BonesJones spent 6 months yelling at each other over pot stocks hahaha.
My spat with Stoic is actually from another thread where I embarrassed him over an unrelated topic, he ran away silently, then decided to randomly come in here lol.

And yeah CNBC is #1 Musk hypebeast. It's totally out of scope. They know Tesla is an incredible recruiting tool for getting a new generation of stonk following robinhooders to watch their shows.

that was different - he and i were actually talking about stocks/trades/etc. haha

since feb, there are so many clowns in here

 

[brackis1]

Looks like the futures are up slightly with Asia mixed. I'm very curious if there's any momentum either way this week. Seems like we're in a no-man's land.