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Reddit's GameStop, AMC surge is the new Occupy movement

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141–150 of 281 posts

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#141
post #34

Earlier quoted context omitted.

> I'm tired of fake Economics where the value of a company or the product is not made from the real value of it I still don't understand how Tesla is valued so high when they're still figuring out panel gaps.

Tesla will figure out panel gaps before GM can figure out OTA updates

I don't actually want OTA updates after Tesla demonstrated remotely disabling features on customer cars.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#142

The only thing more ridiculous than the rise in the GME stock are these attempts to frame this is some sort of culture war. All this is is a bunch of people on an online forum trying to make a quick buck; it's not some grand statement against Wall St. or whatever.

It may have started for the lulz but has seemingly morphed into a culture war/statement. I think for each person involved, it means something unique to them, which is culturally and historically significant.

No, that's the narrative that e.g. bloomberg tried to sell by quoting single digit reddit posts. Contrast that to the OP's where they describe their GME position in pure financial terms, or the WSB admin's statement (he explicitly says it was never political). These mainstream pieces can't understand wsb, memes or irony (they probably think gamers are literally "rising up") and their audiences are financially illiterate.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#143

Earlier quoted context omitted.

People were shorting this stock when it was an order of magnitude less expensive. Isn't it an even more attractive short target now?

Yes, but there's a fairly hefty risk of it rocketing up again before collapsing, which could wipe out such short positions. (Again!) Not a move I'd make with my retirement funds.

Not a move you should make highly leveraged. Perfectly legitimate move to make if you have a sufficient capital cushion. (yes, I now, shorts carry unlimited risk in theory, but in practice the risk is limited. Regulators will (correctly) step in when the market cap of some retailer during the pandemic eclipses the market cap of, dunno, Apple and Tesla or whatever.)

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#144
post #59

Earlier quoted context omitted.

I mean, there are a lot of good reasons to question Tesla's valuation, but the panel gaps is a weird one. Tesla has accomplished putting together the best mass market electric vehicle and selling it for a profit (with government incentives, albeit). There are a LOT of people who can figure out panel gaps. There are not a lot of people who can figure out how to make the economics and supply chain for electric cars wor…

It seems like a perfectly fine one to me. It's a signal that alerts us to a lack of attention to detail in assembly. For doors, it's not a deal breaker, but for the electronics installation or windows or brakes, a lack of attention to detail can be catastrophic.

I just realized, now that you said this, that the doors may not be the only parts with gaps

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#146
post #34
post #3

Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…

> I'm tired of fake Economics where the value of a company or the product is not made from the real value of it I still don't understand how Tesla is valued so high when they're still figuring out panel gaps.

It's even weirder when you think that TSLA stock has more practical value than BTC.

I'm planning to get short TSLA delta later this year. I think their build quality issues are going to become more relevant as traditional automakers get involved in the space. I also think their ZEV credit profits will disintegrate when traditional automakers no longer need to buy them because they make their own EVs.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#147

This has to be one of the more obnoxious things people have generated hype over. So much fake outrage over the 'rich' (some bullshit generic enemy) to rally people to buy stocks with hope they can get rich quick (because they heard some success story of the few). Looking forward to this one fizzling out.

I suspect you perceive the issue this way because you see things in black or white terms, don't care to understand the nuance or don't have an intuition of the nuance because of a low emotional intelligence quotient. That's not saying you're not a smart person, just maybe someone who lacks empathy.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#148
post #34

Earlier quoted context omitted.

> I'm tired of fake Economics where the value of a company or the product is not made from the real value of it I still don't understand how Tesla is valued so high when they're still figuring out panel gaps.

Tesla will figure out panel gaps before GM can figure out OTA updates

A vehicle should never need an OTA update and shouldn't have a mechanism to automatically receive one.

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#149

This has to be one of the more obnoxious things people have generated hype over. So much fake outrage over the 'rich' (some bullshit generic enemy) to rally people to buy stocks with hope they can get rich quick (because they heard some success story of the few). Looking forward to this one fizzling out.

I suspect you perceive the issue this way because you see things in black or white terms, don't care to understand the nuance or don't have an intuition of the nuance because of a low emotional intelligence quotient. That's not saying you're not a smart person, just maybe someone who lacks empathy.

Well we got a psychologist over here and apparently I have no empathy. Speaking of intelligence...

Re: Reddit's GameStop, AMC surge is the new Occupy movement

#150

The only thing more ridiculous than the rise in the GME stock are these attempts to frame this is some sort of culture war. All this is is a bunch of people on an online forum trying to make a quick buck; it's not some grand statement against Wall St. or whatever.

Have you visited recently? It’s definitely about sending a message, they want to bankrupt the short holders.

Indeed. If you visit now, you'll see that the top pinned post (beyond the "daily discussion") is about people recounting their personal tragedies from 2008 financial crisis. Casual scroll around other post paints the same picture - there's a strong emotional undercurrent to this now, and the emotion is a giant middle finger towards Wall Street.
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