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

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

#171

Post by ASalazarMX »

anthk wrote: 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…

This is the same problem that puts demagogues in power: humans in great numbers behave like a herd. You infuse a strong emotion in enough of us, and it snowballs.

We are dumb, our emotions and instinct get the better of us, and we need to come to terms with that if we want to be less vulnerable to manipulators.

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

#172

Post by simonh »

newacct583 wrote: post #157
simonh wrote: post #127

Earlier quoted context omitted.

A few punters losing money on GameStop stock (and an awful lot of them will lose), and possibly some hedgies taking a minor trim, is hardly going to bring down our system of economics. Bear in mind all but a few of these small investors haven't made a single penny. They only make money when they actually sell, and as soon as a significant number of them do sell the price will fall and the money the others think they…

Yeah. It's market manipulation from every angle and every party right now. All the crowing about "sticking it to the man" is almost certainly prosecutable as securities fraud. And yes, the folks holding the early shorts either have financing available to hold until it comes down or have transferred the position to someone who does. The people holding the bag at the end of this are indeed going to be individual invest…

Right, once the stock actually collapses and drops way below it's trend price, those holding the shorts and expecting to make a few bucks on them will end up making an absolute killing. Sticking it to the man my arse.

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

#173

Post by moate »

ogre_codes wrote: post #163
Hamuko wrote: 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.

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. Federal regulators could insist that all future EVs have a standard charging port/platform resulting in industry cooperation.

My point is, "the short sellers are all fucked if we keep buying this and we will make money" and "Tesla is run by a godbrain and can't fail" are the same thing: speculations, not spreadsheets.

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

#174

Post by Tenoke »

127 wrote: post #61

What's terrifying to me here is how little actual law enforcement there is against the rich and well connected, when they do wrong. If you allow a rigged game, it will rot the entire system.

The SEC is definitely investigating all involved parties and it is far far too early to talk about law enforcement's reaction.

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

#175

Post by dd36 »

totalZero wrote: post #168
dd36 wrote: post #99

Earlier quoted context omitted.

Toyota isn't an energy company. It doesn't develop its own battery technology that applies to much larger markets than automobiles. Not to mention charging infrastructure and self-driving. That's like comparing Amazon to CVS because CVS sells goods too. Meanwhile Amazon is aimed much more broadly.

> 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...

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

#176

Post by Hamuko »

falcolas wrote: post #114
Raidion wrote: 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.

They definitely had issues with the central screens bricking because of the eMMC failing due to excessive writes.

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

#177

Post by galangalalgol »

TheRealDunkirk wrote: post #80
xyzzyz wrote: post #65

Earlier quoted context omitted.

So does Toyota, which makes more things that more people want to buy, and yet is only valued at a quarter of Tesla.

Toyota makes fairly boring products of the last century. Musk is currently shooting rockets into space and deploying a network of satellites. The optics of this cannot be discounted.

Toyota is always a decade behind, it is part of their value proposition. Bronze tools were better than iron for over a century after iron was commonplace. Toyota has a very conservative engineering culture. And the idea is that it makes for more reliability.

The overvaluation of tesla is just an extreme example of the overvaluation of the whole market. Every stock has a decade or two of growth baked into the current price instead of people paying what it is worth today. Tesla probably will be worth its stock price in less than 20 years, but why are we paying for future gains? What happened to the time value of money?

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

#178

Post by _ea1k »

falcolas wrote: post #114
Raidion wrote: 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.

From interacting with other owners, I'd say there's little chance of that. I see a few anecdotal reports of major issues, but no more frequently than I've seen with some other major brands.

Although there are way more horror stories in dealing with service than there should be. They are really hard to contact and communicate with.

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

#179

Post by mns »

Hamuko wrote: post #34
anthk wrote: 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.

Because Tesla is not about panel gaps, they're about electric cars. I don't like some of their auto-pilot marketing and the cult status of Musk and the brand, but say what you want, they are so far ahead any other brand when it comes to electric cars, that it's not even a contest any more. And right now, electric cars are seen as the future, so of course they are seen as a good investment.

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

#180

Post by carlisle_ »

okareaman wrote: post #147
password321 wrote: post #123

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.

I'll take a ban to say this is the dumbest thing I've read all week congratulations.
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