Discussion ***Official*** 2020 Stock Market Thread

[ponyo]

OMG, ZM is insane. Massive premarket move after their earnings after the close yesterday. And that's on top of their massive earnings run. And people say TSLA P/E is insane. lol. But I'm enjoying the halo effect from Zoom earnings. It's lifting everything in the sector. I have some WORK $30 calls for their earnings run so I appreciate the help from ZM. Rising tide lifts all boats.

Tesla announced they're going to sell $5 billion in stock at market price. That has cooled off TSLA little bit. It was on fire this morning before that news came out. But it's extremely smart play by Elon and Tesla because they get to raise $5 billion while only diluting 1.1% of shares of Tesla. That's super deal and will greatly strengthen Tesla balance sheet and will further distance Tesla from their competition. Legacy automakers are in so much trouble now.

My guess is the banks will sell those $5 billion in TSLA stock to the S&P 500 index funds soon after TSLA inclusion announcement. That announcement has to be super close. My guess is sometime this week or next week at the latest. This is winning deal for everyone except TSLA weekly call holders. Tesla gets $5 billion in cash, banks will get 0.05% selling commissions, and S&P 500 index funds will get the much needed TSLA shares. Win, win, win for everyone.

 

[ultimatebob]

OMG, ZM is insane. Massive premarket move after their earnings after the close yesterday. And that's on top of their massive earnings run. And people say TSLA P/E is insane. lol. But I'm enjoying the halo effect from Zoom earnings. It's lifting everything in the sector. I have some WORK $30 calls for their earnings run so I appreciate the help from ZM. Rising tide lifts all boats.

Tesla announced they're going to sell $5 billion in stock at market price. That has cooled off TSLA little bit. It was on fire this morning before that news came out. But it's extremely smart play by Elon and Tesla because they get to raise $5 billion while only diluting 1.1% of shares of Tesla. That's super deal and will greatly strengthen Tesla balance sheet and will further distance Tesla from their competition. Legacy automakers are in so much trouble now.

My guess is the banks will sell those $5 billion in TSLA stock to the S&P 500 index funds soon after TSLA inclusion announcement. That announcement has to be super close. My guess is sometime this week or next week at the latest. This is winning deal for everyone except TSLA weekly call holders. Tesla gets $5 billion in cash, banks will get 0.05% selling commissions, and S&P 500 index funds will get the much needed TSLA shares. Win, win, win for everyone.

I would think that the S&P is going to wait for the TSLA valuation bubble to burst and for the price to go down to a sane value before including it in the S&P 500. While I'm writing this message, it's valuation is higher than Walmart and almost twice as much as Disney, which is wacky.

 

[ponyo]

I would think that the S&P is going to wait for the TSLA valuation bubble to burst and for the price to go down to a sane value before including it in the S&P 500.

lol. And you would be wrong. And to bet you're wrong, I picked up some 9/11 $500 calls.

 

[bigi]

lol. And you would be wrong. And to bet you're wrong, I picked up some 9/11 $500 calls.

By postponing TSLA entry into the SP500 they are making themselves more irrelevant. TSLA does not really need SP500 for anything as it's been shown lately. Rather, SP500 needs TESLA to stay relevant.

TSLA has done everything right. Still 99.9% of mob has no clue what is there to come from Tesla. The most interesting part is that nothing has even started really. Texas just started building, Shanghai is finishing up, but the success of Tesla in China is carefully not publicized in the US of A due to you know what. Giga Berlin is progressing neatly.

Tesla is just starting up. FSD, 4 giga factories, solar, starlink, neuralink, project Dojo, and more to come.

It is still time to get in.

 

[JEDI]

well, i blew the $250k i made triple shorting oil by triple shorting the S&P500.
boy was i wrong on that. (i finally sold when S&P made a new high.)

now i'm triple Long on QQQ.
bought tqqq @ $150 last week.
now 167. up 11%

 

[ultimatebob]

By postponing TSLA entry into the SP500 they are making themselves more irrelevant. TSLA does not really need SP500 for anything as it's been shown lately. Rather, SP500 needs TESLA to stay relevant.

TSLA has done everything right. Still 99.9% of mob has no clue what is there to come from Tesla. The most interesting part is that nothing has even started really. Texas just started building, Shanghai is finishing up, but the success of Tesla in China is carefully not publicized in the US of A due to you know what. Giga Berlin is progressing neatly.

Tesla is just starting up. FSD, 4 giga factories, solar, starlink, neuralink, project Dojo, and more to come.

It is still time to get in.

For TSLA to justify their existing stock market cap (which is now DOUBLE Toyota's) with actual revenue, they would need to have 20% market share in all vehicles (not just electric ones) and 25% market share on solar roofs. They aren't anywhere near that right now.

StarLink is part of SpaceX (so that really don't count towards Tesla's Revenue), and neither is NeuralLink.

Hey, I love Tesla (they made me some money!), but I'm still not a member of Elon's cult of fans. The Koolaid is starting to taste a bit too sweet for my liking.

 

[FelixDeCat]

well, i blew the $250k i made triple shorting oil by triple shorting the S&P500.
boy was i wrong on that. (i finally sold when S&P made a new high.)

now i'm triple Long on QQQ.
bought tqqq @ $150 last week.
now 167. up 11%

Not time to short until after the election. (I think)

 

[bigi]

For TSLA to justify their existing stock market cap (which is now DOUBLE Toyota's) with actual revenue, they would need to have 20% market share in all vehicles (not just electric ones) and 25% market share on solar roofs. They aren't anywhere near that right now.

StarLink is part of SpaceX (so that really don't count towards Tesla's Revenue), and neither is NeuralLink.

Hey, I love Tesla (they made me some money!), but I'm still not member of Elon's cult of fans. The Koolaid is starting to taste a bit too sweet for my liking.

Cool with me. It is your money, if we are talking money here.

I still think we have not seen anything. Also, StarLink might be spun either way as it is still beta/testing. I'd be shocked, once operational, that it would not be used by Tesla.
Frankly, same applies to Neuralink, IMO. It is very different but eventually who knows.

They do have very smart people on board now, Hiromichi included. They don't let FUD and lies impact anymore. It will take time for mob to wake up, but whomever knows what Elon is made of, they've already profited. Big time.

 

[FelixDeCat]

And speaking of fat, bloated, pigs....how about them Zoom shares?

I was going to buy a few shares for gigles last night at $385, up $65 on earnings after hours. But passed. Would have been a nice overnight flip.

 

[FelixDeCat]

And speaking of fat, bloated, pigs....how about them Zoom shares?

I was going to buy a few shares for gigles last night at $385, up $65 on earnings after hours. But passed. Would have been a nice overnight flip.

Dang, I knew I should have shorted that piggy! Down 10% this morning.

 

[Svnla]

You think the US's FAANG domination is bad? Welcome to the ATM of commie china -

https://finance.yahoo.com/news/think-faang-distorting-p-consider-220007686.html

 

[FelixDeCat]

*cough*
Year 2000
*cough*

 

[ponyo]

*cough*
Year 2000
*cough*

diamond hands and watermelon balls

 

[FelixDeCat]

Tesla will double, Im pretty sure. But it may be delayed a year or two. Good time to add though.


(Now that I've been convinced, thats a definite sell signal).

 

[ultimatebob]

Tesla will double, Im pretty sure. But it may be delayed a year or two. Good time to add though.

(Now that I've been convinced, thats a definite sell signal).

I see that TSLA dropped below $420 today. I know that's a magic number for many of it's fans

 

[FelixDeCat]

Zoom down another $50 a share. AHAHAHAAAHH HAHHAAAAAA

I didnt short it.

 

[FelixDeCat]

You should see all the 18-25 year olds making videos on Youtube all pretending to be market geniuses. They are about to get a good old fashioned market spanking.

All those idiots putting their life savings into QQQ call options due in 3 days.

Derp!

Eg.."OMG I made $11ty billion dollars buying Carnival calls!!!! And I started off with .50 cents in my Robinhood account!!"

 

[JEDI]

All those idiots putting their life savings into QQQ call options due in 3 days.

Derp!

Eg.."OMG I made $11ty billion dollars buying Carnival calls!!!! And I started off with .50 cents in my Robinhood account!!"

cruise ships stock are currently up 3% in today's bloodbath

 

[FelixDeCat]

cruise ships stock are currently up 3% in today's bloodbath

Thankfully I covered about 3 weeks ago!

 

[ponyo]

You should see all the 18-25 year olds making videos on Youtube all pretending to be market geniuses. They are about to get a good old fashioned market spanking.

All those idiots putting their life savings into QQQ call options due in 3 days.

Derp!

Eg.."OMG I made $11ty billion dollars buying Carnival calls!!!! And I started off with .50 cents in my Robinhood account!!"

You sound jealous. Those kids have the right idea. They will blow up their account and then try again. And again. But if you want to escape the rat race, you need capital to make money. And if you only have little starting capital, options are the best way to grow it rapidly. You'll blow up your account multiple times trying but you only need to get lucky couple times before you have real capital to play with.

The other alternative is to stick with index funds and slave away for 40 years til retirement. They're choosing option A. And I don't blame them.

 

[FelixDeCat]

You sound jealous. Those kids have the right idea. They will blow up their account and then try again. And again. But if you want to escape the rat race, you need capital to make money. And if you only have little starting capital, options are the best way to grow it rapidly. You'll blow up your account multiple times trying but you only need to get lucky couple times before you have real capital to play with.

The other alternative is to stick with index funds and slave away for 40 years til retirement. They're choosing option A. And I don't blame them.

Trust me, I have been there and have done that and it cost me way more than I care to mention. I would get wiped out time after time chasing that fast back, turning $500 into $5,000 in a week buying OOM call or put options on volatile stocks just before earnings. Only to lose it all in a subsequent trade or two. Its like shooting dice and being 100% correct every time on every roll. You cant. Its impossible. But gamblers never learn. I know that the hard way.

 

[dullard]

The other alternative is to stick with index funds and slave away for 40 years til retirement. They're choosing option A. And I don't blame them.

The "get rich quick" appeal is far too strong for humanity. History is littered with the bones of those people who died in absolute poverty because of it.

I'm much more of a slow and steady person. I'm pretty much guaranteed to retire wealthy because of it, barring some major health disaster or civil war. Yes, I will work for years. But, I'm halfway through and could retire at any time if I truly wished. There was almost no risk for me. Just get a decent degree and invest in index funds.

 

[Tweak155]

The "get rich quick" appeal is far too strong for humanity. History is littered with the bones of those people who died in absolute poverty because of it.

I'm much more of a slow and steady person. I'm pretty much guaranteed to retire wealthy because of it, barring some major health disaster or civil war. Yes, I will work for years. But, I'm halfway through and could retire at any time if I truly wished. There was almost no risk for me. Just get a decent degree and invest in index funds.

Besides, working is only slaving if you don't have the balls to make sure you are doing something you enjoy. Lots of people still work when they don't have to, there are plenty of positives if you make it work for you.

 

[Artorias]

As a first time trader I just made $500 bucks in two months from a simple buy and sell. Let me tell you that I'm fucking stoked.

I am about as conservative an investor could get lol. I'll take consistent gains over any get rich quick scheme.

 

[ultimatebob]

*cough*
Year 2000
*cough*

I think that we all knew that the market recovery was WAY ahead of the actual economic recovery, and that a correction was coming. The real question is how big it will be, and how long it will take to recover.