201–210 of 638 posts
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You can short it elsewhere. Schwab won't let you, because even if you're 95% right, you'll still probably lose 95% of your money... It's quite difficult to be 100% right...
You and your broker have to be pretty damn brazen to iron grip a highly liquid stock all the ways down to -95%.
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I for one am glad that you were not allowed to short SpaceX. People gaming the market for their own profits are the worst kind of exploiters and swindlers. You contribute absolutely nothing while siphoning the profits that workers make, lowering the salaries of everyone that actually works for a living. Note this has nothing to do with my feelings about SpaceX. I am Elon hater nr. 1 and hope SpaceX burns to dust, I o…
How is shorting a stock gaming the market? You feel a stock is overvalued and you short it. You feel a stock is undervalued and you buy it. What's the difference?
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This is about their bond, not that share price. If you are in the US, it's like having low credit score, everything you want to do financially such as leasing or financing a car, buying a house, etc.. will be more costly (higher interest rate) from the lender.
Except that it's not clear really that lenders will be able to judge on that basis alone. SpaceX is a different kind of unicorn: it's a government contractor run by the richest man in the world who controls a media echo chamber and gets people elected. That article compares them to Oracle. Who are, as it goes, pretty similar: run by rich people with a media empire who have their teeth deep in government systems. Thes…
Q: Why is this stock so valuable? A: Duh, because Musk is worth a kajillion dollars and everything he touches is gold!
Q: Why is Musk worth a kajillion dollars? A: Because he holds so many shares of extremely valuable companies, silly!
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I don’t even have access to a NASDAQ fund in my 401K. You have to go out of your way to buy the NASDAQ 100, QQQ and /NQ or /MNQ futures are the most popular instruments for getting exposure. I have a tiny minute slice of SPCX from owning VTI total market ETF but my 401K holds no SpaceX.
Okay? Just because you don't have access to that investment vehicle doesn't mean others aren't using it. What type of reasoning is this? "I, personally, am not too badly effected, therefore it's not a problem" And guess what, your VTI which does track NASDAQ as part of it's index is effected by this inclusion rule.
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I'm not an investor in SpaceX but I don't think shorting stocks at IPO should be allowed. The market should be given time to settle on a price, and it's unlikely that anyone needs to short it on day 1 for hedging. It's purely price speculation. Yeah, I know why people _want to_ (betting), but it doesn't serve a broader economic purpose.
The market “settling on a price” includes the actions of short sellers.
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If these figure represent actual deaths (big if), those people will have died because literally nobody on earth was willing to pay to keep them alive--yourself included.
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Line go down discovery is acceptable (that is what selling a share is). The reason you might not want options trading very early after an IPO is because the market is frothy enough without the additional layer of complexity.
Certainly, its reasonable for a delay in options being available while market makers prepare to make the market for those options. But shorting? Day 1, the shares are trading and available to borrow to sell to short.
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Every company you mentioned has made more progress in those spaces than anyone else, and they are all clear progress towards the goals discussed.
You're mistaken. Name 3 accomplishments he made and I'll show you world class work done elsewhere by other companies. The only thing he did which was notable was Starlink and I'll gladly grant you that. China is about to eat Starlink's lunch with their own tech. Again I think people overestimate Musk's contributions to the world.
2. Made the modern EV relatively commonplace; no other manufacturer was taking it seriously until Tesla succeeded, and took many years to catch up, although they have
3. Re-usable rockets / higher launch cadence leading to significantly cheaper costs to put things in space. No major competition yet.
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You're forgetting that whenever the incentives lead to bad places it isn't True Capitalism (tm).
True capitalism has never been tried. This right now is crony capitalism.
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I have a friend who unironically said "Elon Musk is the most important human who has ever lived"
Who's your pick?
Elon Musk is probably up there, though. You could say people like Henry Ford are on his level, but Elon is certainly more broad in his scope. I think people like them are probably accelerationists, meaning someone else would have done what they’ve done eventually. That could be a long eventually though. It’s hard to compare them to people who shaped history through their actions that nobody else would have done the same way.