Economy stonks v26

[brackis1]

lol and this wasn't some random disgruntled employee. Dude is their current head of robotics/ai.

https://www.reuters.com/technology/...ing-was-staged-engineer-testifies-2023-01-17/


Jan 17 (Reuters) - A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer.

The video, which remains archived on Tesla’s website, was released in October 2016 and promoted on Twitter by Chief Executive Elon Musk as evidence that “Tesla drives itself.”


But the Model X was not driving itself with technology Tesla had deployed, Ashok Elluswamy, director of Autopilot software at Tesla, said in the transcript of a July deposition taken as evidence in a lawsuit against Tesla for a 2018 fatal crash involving a former Apple (AAPL.O) engineer.

The previously unreported testimony by Elluswamy represents the first time a Tesla employee has confirmed and detailed how the video was produced.

 

[BIKES!]

@BIKES!
$SMSI is up 60% the last month, I can almost get out this turd with a small % profit.
You still holding?

lol, that would be amazing. I sold around $5 which in hindsight was a great loss. My meld was close to the peak based on "One Family Plan to rule all carriers" or whatever the fuck @boingyman sold us on. Still love you boingy!

 

[rob mafia]

lolz @ you guys still talking about smsi

 

[44nutman]

lolz @ you guys still talking about smsi

I am bout to be rolling in dollar menu at McDonalds money.
Need about another 2 bucks/share to get hooker and blow money.

 

[Chesten_Hesten]

 

[Chesten_Hesten]

 

[HOLA]

TSM up 8% on earnings, to $88.

My average cost per-share is $78 right now, but I've barely built up much of a position yet. Was hoping we wouldn't get some rapid rise. Had a feeling this one had the potential for that. Oh well.

$95 + now.

Bought a little more last week. Average cost per-share is now $80. Really wish I wasn't sucking my thumb with this one and backed up the truck.

 

[Gas121]

Cashing bigly since last week on some swing trades. Time to start unloading a bit and play it safe. I am skeptical of an earnings dump for big tech.

$SQQQ under 40s would be a nice entry IMO. Market's looking a overextended to me and a bit to excited.

 

[brackis1]

loaded up some BOIL earlier on a dip and am happy.
Was also bigly short CPRX a drug stock and it dumped today.
Legging into a TSLA and NVDA short which hurts a little but feeling good.

 

[Gas121]

loaded up some BOIL earlier on a dip and am happy.
Was also bigly short CPRX a drug stock and it dumped today.
Legging into a TSLA and NVDA short which hurts a little but feeling good.

I'd be surprised to see Tesla moon from here. This has dump written all over it. I'm cautious but I am tempted to load puts after this run. I'll probably regret it lulz.

 

[kahiljabroni]

I'm loaded with puts....bought them way too early but they're good for a while. This is the short squeeze before the major leg down or else I'm done trading

 

[HOLA]

On the flip side, Dollar-cost averaging saved my butt with TTWO.

First bought in at $127.28. Got in as low as $94.2 after. Now my average cost per-share is $111, with shares currently at ~$110. They were $200+ 2 years ago.

 

[Gas121]

I'm loaded with puts....bought them way too early but they're good for a while. This is the short squeeze before the major leg down or else I'm done trading

This rally has been pretty wild tbh. Markets have basically ran on CPI coming down and a fed pivot. It's not happening.

Consumer will be hands in pockets once the job losses roll in this year and I think Q1 we revisit October lows.

Nice opportunity to short from here tbh.

 

[BJ@LW&WW]

This rally has been pretty wild tbh. Markets have basically ran on CPI coming down and a fed pivot. It's not happening.

Consumer will be hands in pockets once the job losses roll in this year and I think Q1 we revisit October lows.

Nice opportunity to short from here tbh.

what do you define as a 'fed pivot'? i dont many are expecting interest rates to not continue to go up, just for the rate to slow. and i think thats the likely scenario

 

[kahiljabroni]

This rally has been pretty wild tbh. Markets have basically ran on CPI coming down and a fed pivot. It's not happening.

Consumer will be hands in pockets once the job losses roll in this year and I think Q1 we revisit October lows.

Nice opportunity to short from here tbh.

Yeh its a total short covering rally imo. Its not too surprising given the record level of puts and short interest few weeks back.

I actually played my puts to perfection in December when we retested 410....exited them near bottom of the market as well.

Can't say the same this time around.....I was reloading my puts last 2 weeks so they are down alot...especially today.

I'm as bearish as ever on this market but we know how long it can stay unrational. We could easily continue to rally to just above or below all time highs.

That said I'm stuck in my position. I have alot of cash but there's no way in hell I'm going long in stocks at this point. If my puts don't play out I'll have to admit that I'm not profitable playing the swings either. So can't go long....can't play short term...im out.

We still have apple and Microsoft hanging on to a lot of their covid gains. Maybe its finally time they get smoked like literally every other tech stock has. Maybe the fed surprises with half a point. Or...maybe my puts are toast. We'll soon see

 

[Gas121]

what do you define as a 'fed pivot'? i dont many are expecting interest rates to not continue to go up, just for the rate to slow. and i think thats the likely scenario

Small increases but no policy to cut rates anytime soon. This will hammer companies eventually.

I don't think we have quite seen the damage done yet, it's lagging so that's why I am eyeing Q1, Q2 to be bleak. That said this market is still overvalued by quite a fair bit IMO.

 

[rob mafia]

We still have apple and Microsoft hanging on to a lot of their covid gains.

just sayin', but i think you're listening to/believing the talking heads way too much.

they keep insisting that every stock needs to go to pre-covid levels, but that's a fallacy that's pretty stupid. companies aren't the same as in 2019 or in the same position. pretending that they should forfeit their shit due to an arbitrary year is just dumb. plus, even if this is based on indexes/general rate of returns, it shouldn't be pre-covid but pre-covid + 3 years at 5%... and that's conservatively.

higher interest rates shouldn't impact either of them much, anyway. they're loaded with cash.

 

[kahiljabroni]

just sayin', but i think you're listening to/believing the talking heads way too much.

they keep insisting that every stock needs to go to pre-covid levels, but that's a fallacy that's pretty stupid. companies aren't the same as in 2019 or in the same position. pretending that they should forfeit their shit due to an arbitrary year is just dumb. plus, even if this is based on indexes/general rate of returns, it shouldn't be pre-covid but pre-covid + 3 years at 5%... and that's conservatively.

higher interest rates shouldn't impact either of them much, anyway. they're loaded with cash.

I watched them with my own eyes get decimated one by one. I said a few months ago that tsla, apple and msft were the last hold outs. Well tsla got whacked... that leaves 2

 

[rob mafia]

I watched them with my own eyes get decimated one by one. I said a few months ago that tsla, apple and msft were the last hold outs. Well tsla got whacked... that leaves 2

keep dreaming.

msft is up ~30% since 1/2020. their earnings, however, are up about 100% since.

i don't follow the phone biz much, but aapl ditched intc and made their own line of laptop chips... and they're actually really good. they cut costs and gained a lot of share just in this... and, of course, with a moat and vertical synergy.

neither is much like 1/2020.

edit: ok, i looked. aapl has nearly doubled their earnings, too.

 

[kahiljabroni]

keep dreaming.

msft is up ~30% since 1/2020. their earnings, however, are up about 100% since.

i don't follow the phone biz much, but aapl ditched intc and made their own line of laptop chips... and they're actually really good. they cut costs and gained a lot of share just in this... and, of course, with a moat and vertical synergy.

neither is much like 1/2020.

edit: ok, i looked. aapl has nearly doubled their earnings, too.

I mean you can take the stance that those 2 stocks will not fall but you can't deny that the rest have. Amzn, fb, goog, shop, tsla, pypl, nvda, sq, etc have all fallen way harder and farther. Well see you could be right....but a few months ago tsla was another exception. Then it dropped 40%