This is what happens when we let the unwashed masses buy stocks for free. We saw it coming and we shouldn't have let this happen.
If you don't let the masses buy stocks, the rich will have nobody to rob.
Reddit's GameStop, AMC surge is the new Occupy movement
201–210 of 281 posts
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#202Earlier quoted context omitted.
Tesla is one of the few modern companies whose value actually makes sense to me. They actually make something! that people want to buy! that's way better than most of ad-tech which seems like a multi-layered pyramid scheme.
You know who else makes things that people want to buy? Toyota, VW, Honda, Ford, GM, BMW, Mercedes. Tesla is worth more than all of those combined.
Except that Tesla is doing new things at a faster clip than any of those have done in decades.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#203I think this is overstating it a bit. The WSB guys have figured out something simple - that in manipulating stocks to take them down via shorts and public statements - the institution doing the short is very very vulnerable to a short squeeze, in which everyone might make some money, some people astronomically so. Tesla's current stock price is very much a result of some very public shorts, which led to a series of s…
The people can/have unwound their stock.. its the institutional groups who had to buy to cover that can't afford to sell.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#204Earlier 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.
I'm going to guess its because panel gaps don't matter as much as most of the other features of a car.
Panel gaps and other aspects of build quality don't matter in a world where Tesla competes on power train rather than fit and finish.
They matter much more when consumers choose between different EVs from competing marques.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#205Earlier quoted context omitted.
1. There isn't any one entity that is short 140% of the GME float. 2. If a stock shouldn't be allowed to be sold short past 100% then we should outlaw subletting apartments. Why shouldn't someone be allowed to pay to borrow something, and then rent it out? How is that manipulative in and of itself?
Not sure if your comparison is so great.. are there apartments whose rent price fluctuates over 1000%? Also subletting is not selling..
My point is that it's not clear to me how the mechanism of short-selling itself implies market manipulation.
Point taken on how subletting is not selling.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#206Earlier quoted context omitted.
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.
I'll take a ban to say this is the dumbest thing I've read all week congratulations.
Definitely the most pompous.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#207Shorting a stock 140% is the market manipulation and should be criminal. Anything a large group does after some hedge fund pulls that stunt is fair game.
Events like these make it clear why the vast majority of Wall Street practices are banned in Islam (including shorting). It's a terrible predatory practice that is not just gambling, but also creating artificial risk that does not correspond to the value being created from such transactions. This can easily collapse the entire market as we already saw in 2008 and many times before. The sooner we prohibit these terrib…
I am under the impression that Islam technically bans loans. So one would have to do an investment instead of a loan with interest. Do you know if I have this right?
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#208Earlier quoted context omitted.
I suspect your confusion is based largely on the fact that you are outside the US. In the US driving is quite a bit different from much of the rest of the world. #1 Driving is a big part of the culture and big cities are often pretty far apart. #2 The electric charging infrastructure sucks. Tesla is seemingly the only network where you can drive 500 miles and be confident when you stop that a charge will actually tak…
This is all "speculation". You're not basing the stock price on earnings but intangibles. You believe there is a disconnect between the long term value of Tesla and it's current price based on your perception of market factors. Every single point you made could change in 6 months for reasons and negatively affect Tesla. Ford could come out with a contract to install electric charging stations throughout the US. Feder…
> This is all "speculation". You're not basing the stock price on earnings but intangibles.
Yes, it's absolutely (informed) speculation.
This is how the stock market works. Amazon, Apple, Microsoft before them, Google... people said exactly what you are saying about how they were valued at some point in time.
Every single stock is valued based on how stocks will perform in the future. Last year's performance is only interesting for informing investors of what the next 10 years will bring.
I do think Tesla is a risky stock to own (I do own some shares), but it always has been. Likewise Apple was. And Amazon. If you want big returns you often hang on to the riskier stocks for longer than you are comfortable. (Not always and you cash out)
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#209Earlier quoted context omitted.
> Toyota isn't an energy company. Toyota Tsusho has engaged in the renewable energy business for more than 30 years, from development to operation of power stations, with a focus on wind power and solar power generation. The company plans to make use of its expertise in management of such business in this project in order to foster the transition to a low-carbon society. https://global.toyota/en/newsroom/corporate/32…
Toyota et al are great at press releases and compliance cars. The fundamental difference is Tesla sees these things as opportunities and the old guard sees them as annoyances they have to feign concern for. That's why Tesla is eating their lunch. Walmart was always just about to crush Amazon...
TSLA market cap is huge but it's a stretch to say that Tesla Motors is eating Toyota's lunch.
The point isn't the press release, it's that Toyota has spent decades doing what you say they don't do.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#210Earlier quoted context omitted.
1. There isn't any one entity that is short 140% of the GME float. 2. If a stock shouldn't be allowed to be sold short past 100% then we should outlaw subletting apartments. Why shouldn't someone be allowed to pay to borrow something, and then rent it out? How is that manipulative in and of itself?
So if there isn't one entity short 140%, is it that there are multiple chains of shorting, like shorts on top of shorts that leads to the 140% target? Not totally familiar with all this, just trying to understand.
Correct. It's akin to fractional reserves [https://www.thebalance.com/what-is-fractional-reserve-bankin...]