IF the Bitcoin bet works out for them and IF Tesla is still a dominant player and IF starlink/spacex are still trending in 2022 I will get that ipo and I’m totally serious. Elon was fighting against a herd of shorters, naysayers, and nonbelievers at a time when NO ONE believed nor did they want to believe in a future with evs and autonomous cars... You could say he single handily changed all that and came up on top. High HIGH on top.. now everyone is copying his actions. But still... no one believes in the one thing that always had him far ahead of his competitors his vision
I read the article X. Lately have devoured all things ELON. Spent a lot of time in the TSLA thread and must say TOMB could easily be known as the best investment of the decade for his DD and willingness to ride the storm. Keep in mind he was pre-split and to give a idea ,simply divide his holdings by 5 to give a better perspective. I see ELON and companies becoming a conglomerate in the future much the way Berkshire Hathaway has in the past, with different objectives. Shareholders with Buffet enjoy the range of ice cream cones to choo choo trains and have stood the test of time very well and will continue to do so. ELON has a different vision that none of us understand and personally that gives it more of a mystique and style that is second to none. The short players managed to nearly bankrupt his vision. If you remember his short-short gift to his main critic it gives him more style. To say the man is a genius is a understatement and he has assembled a likewise team that makes me a true believer in his vision. DISCLOSURE. As previously mentioned, I am a TSLA long term shareholder. I have owned a physical bullion position in silver for many years. I have owned a SMALL physical bullion position in gold for many years as well. "Not a big fan of gold the returns are minimal". GASP, I now own a longterm position in bitcoin as of last night. " I never believed in it until I read some articles that surfaced very recently" I feel confident in my decisions, however no-one should base any investment decisions based on my beliefs.
I agree with Ws assessment on this one thing tho: From now on moving forward- ANYTHING that happens to Bitcoin, will affect tsla. they are now officially married. Mazal tov. and of course, as a long term investor, this shouldn’t matter to us, only make our investing endeavours more... interesting
Totally out of touch today. We are in an ICE STORM today. I had to drive out along toll road 130....so went right by the Tesla site. the building is coming along nicely. It is starting to look like one building rather than separate parts. A VERY long and narrow building about 3-5 stories high.....many many cranes on site along the building. Looks exactly like what you would expect for a vehicle assembly line building. A great day to drive across Austin 40 miles to get the second vaccine......in the middle of an ice storm. Last I checked they are SITLL open and doing the shots. I have just slightly looked at the markets today.....very similar to yesterday. No particular reason to be down....other than it just wants to be down. We are in the middle to the mid day slump right now. I doubt we are headed for a positive close.....but with the recent erratic volatility....who knows. I TOO.......am just waiting for the Starlink and/or SpaceX IPO. I will buy into BOTH....unless there is some horrendous change in ELON or TESLA or the business by that time. I will play it as a medium term trade.......2-6 months......and reevaluate along the way. My preference would be to get great gains.....as I did with TESLA.....and.....pull out my initial investment and let a nice profit ride for the longer term. On that type of IPO......if it was tomorrow....with what we know right now.....I would buy at the open the day of the IPO. I would expect the momentum to be HUGE. BUT....since either is probably a year or two away.....I will evaluate at that time. These things have a way of changing quickly. Like Robinhood......I was anticipating....buying on the first day of that IPO......now.....not so much. Although if their business is stable.....and....customer loss in minimal......and they are doing relatively well when/if they IPO.....I will STILL consider perhaps doing a very short term.......10-30 day....margin trade on 100 to 200 shares. If I do so....I will NOT....hold any Robinhood shares for the longer term. This is just......total speculation....at this time.
I am not sure TESLA will hold that bitcoin position for very long....I have no inside info, only speculation. They have such a large gain to date.....at some point it will just be too attractive to NOT cash in. If they do hold long term they will.......SURELY.......(dont call me Shirley)......be hedging the position and constantly adjusting the hedge as needed. My ONLY holdings that are up today are NKE....NVDA....and PG.
HERE is about where we are right now......the markets today match my weather.......moderately dismal. Stock market news live updates: Stocks trade choppily, erasing earlier gains https://finance.yahoo.com/news/stock-market-news-live-updates-february-11-2021-231636144.html (BOLD is my opinion OR what I consider important content) "Stocks traded choppily as investors digested a host of corporate earnings results and considered policymakers’ next moves to support the still virus-stricken economy. The S&P 500 pointed to a third straight day of losses, as cyclical energy, industrial and financial stocks underperformed Thursday afternoon. The Dow shed about 0.4%, or more than 100 points, shortly after noon in New York. Tech stocks outperformed, and the Nasdaq traded little changed. Over the past several weeks, investors have watched as a growing list of companies across various industries handily beat earnings expectations. S&P 500 companies are on track to grow aggregate earnings per share by about 1.7% for the fourth quarter, according to an analysis by FactSet’s John Butters. Most analysts had been expecting another quarter of year-over-year declines heading into earnings season. Even still, companies that beat on both revenue and earnings have not been rewarded for their performance, and instead lagged the market by an average of about 0.5% in the period just before and after their reports, Butters added. The lackluster reactions to earnings add to other unorthodox trends seen elsewhere in markets as of late. “Record low yields in fixed income, low expected returns in large-cap equities, and $23 trillion in policy stimulus (with more on the way) leave investors with no good reasons to be bearish but few inexpensive ways to be bullish,” Bank of America strategists including Jared Woodard wrote in a note Wednesday. “Some are turning to alternatives. Crowd-sourced trading, the rise of cryptocurrencies and Special Purpose Acquisition Companies (SPACs), the lack of guidance in both foreign and domestic markets, and record savings gluts are all evidence of low investor trust in conventional methods and desperation for returns in a stagnant world,” they added. Even still, U.S. stocks have buoyed near record highs, in large part thanks to fiscal and monetary policy support. Federal Reserve Chair Jerome Powell said in a speech Wednesday that the central bank “will not tighten policy” until a robust economic recovery has taken place and the labor market rebound extends across a broad cross-section of the population, lifting those hardest-hit by the pandemic. And while he acknowledged that inflation readings may start to launch higher later this year when compared to last year, he said he does not expect to see a large or sustained increase in prices across core categories. And Sen. Ron Wyden (D., Ore.), chairman of the Senate Finance Committee, said that Powell’s “assessment reiterates the need for the strongest possible benefits package in our COVID relief bill,” including at least $400 in weekly federal unemployment payments and six months of other enhanced jobless benefits. Congressional committees have been working this week to draft legislation for the next coronavirus relief package. 11:07 a.m. ET: ‘The long-term picture is very, very sound’ for Bitcoin: BTIG strategist Some strategists are striking an even more bullish tone on Bitcoin (BTC-USD), even as the cryptocurrency surged from below $33,000 at the end of January to more than $48,000 so far in February. The cryptocurrency was trading higher by 6% to more than $47,500 Thursday morning. “Bitcoin and blockchain itself – and obviously all the other cryptocurrencies – are in what we call the price discovery phase. It is essentially a new technology, a new way of looking at the world,” Julian Emanuel, BTIG managing director, told Yahoo Finance on Thursday. “And from our point of view, again, we think about it in terms of – it’s a 70 volatility asset. Very, very volatile. When we launched coverage of cryptocurrencies in late November, Bitcoin was at $18,000, we had a $50,000 year-end 2021 price target. People thought we were quick aggressive.” “The same people are now telling us that we’re probably not aggressive enough with this price target,” he added. “But when you think about all the incremental buyers coming in, the interest that’s building, and on the other hand the likelihood that the government is going to begin to look at cryptocurrency more carefully from a regulatory aspect, the long-term picture looks very very sound. And we do think that it is a secular bull market. But there are always pullbacks in secular bull markets.” ‘We think the market has come a very long way very quickly,” he said. “We think it’s actually one of these times when a bit of sideways activity is likely to be healthy in preparation for another leg higher.”" MY COMMENT This week is just one of those times that it does not matter what is going on. The markets just want to go lower....from the record highs. Program trading.....AI trading.....profit taking......whatever and who knows.....all a long term investor can do is just wait it out. NICELY....probably most realistic long term investors continue to HOVER just under record portfolio highs. AND....earnings are GREAT as well as most other events and data that impacts stocks. In the language of the....old days.....the markets just got ahead of themselves....and....now need to drop back and consolidate a bit.........before moving on to new highs. I started to put $100 a month into bitcoin in my Coinbase account 4 months ago. I will continue to do so for the long term future since I dont need that money. At these prices I.......MIGHT.....have ONE Bitcoin in about 39 years. If I am lucky the price will plummet and I will be able to cut that time down to 8-10 years. ALTHOUGH.....as a TESLA shareholder....I DO NOT want the price to plummet. I am doing this more out of curiosity than as an investment. Kind of like the silver and gold that I have bought every year for the past 20 years. AS I post this.....I see a little......hint......of a turn around with the NASDAQ now positive. As to the long term......I continue to be fully invested for the long term as usual. As a long term investor.....I have no plans other than to sit......and watch......and talk about.....the short term market drama.
There is a lot of anger for robinhood and the brokers that restricted the trades. My broker did not participate or I would have switched as a matter of principal, even though they are a full service bank also. Been with them for years. If/when robinhood IPOs they will most likely get shorted into obliviation. I doubt anyone is willing to underwrite them in the near future.
AGREE COMPLETELY......that is why I am totally wait and see on them....if they ever IPO. I PREFER to.....ONLY.....buy an IPO that is a significantly......PROBABLE.......short term STRONG momentum trade.....AND....at the same time has.....VERY HIGH....long term potential. At this time....they AINT IT. They are far from out of the woods. I too would have left them out of principal. I cant understand WHY their loss of customers seems to be so low to date. I guess most people are just TOO LAZY to make a move.....or their account value is too small to bother to move.
As much as I'd like to see Robinhood driven out of business, it's not going to happen. If there is a short run on the stock, it will be shut down. As best I can tell, the archetypal Robinhood trader is not going to leave, or do anything, based on ethics. It's not a free market. Big interests have their thumb on the scale.
Some have went to Fidelity and brokers that charge option fees, LOTS have went to WEBULL that actually has customer service by telephone. From what I have read. I Don't have any experience with robinhood, If we can't talk on the phone and our only communication is by email, way to many red flags to me if things go wrong. Kinda like chief wahoo sitting on the hill sending smoke signals hoping the wind dont blow.
I wouldn't use a brokerage without a voice support line, either. There have been two occasions in which I have realized how badly I need this. One occasion was when bitcoin first became accessible through brokerages. It took me three weeks to get hold of the brokerage to do a transaction I wanted to do that could not be done online. I was running out of runway on a tax window so I was on the phone for four hours, every day, just sitting there on hold.... for f*ing weeks. I could have killed them. Later, I found out all brokers were overwhelmed at that time. The other time was wild. It was just last year. I logged in one day to notice my balance was [cough] somewhat [cough] lower than I was expecting. My second largest holding just disappeared. No cash. No shares. Gone. It was late at night. The brokerage had reduced their phone support hours due to the pandemic. No more 24 hour support. I was on hold the entire next morning. By the afternoon, with my blood pressure at 7500psi, I called my lawyer who talked me off a ledge. He told me to keep trying to communicate myself and if I can't get hold of them within a couple of days, call him back. He said they should take care of it for me but he would step in, if needed. A brokerage without a voice line I can call if something goes badly wrong is worthless to me. Hopefully, I will never use it but I need some sort of mechanism to use to get them to troubleshoot when they jack things up.
Yes sir. Mine is availible 24/7 and has a office about 50 miles away "I live in the boonies" they have real live people that are trained professionals. Those panic days can/will happen, best to be prepared.
That is what I like about Schwab.....full-on phone support 24/7....EVERY day. I have called them many times late at night with some issue. PLUS....a HUGE new corporate office is.....only.....about 20 miles away.
Well.....I did survive the....ICE STORM.....and.....got my second vaccine. Seems like I was driving around all day in it. This morning....out to toll road 130 past Tesla....back home....and this afternoon to South Austin about 40 miles for the vaccine shot. AND BONUS.....while I was out the markets turned around and I ended up in the green today. I got beat by the SP500 by .01%.....a pittance. TSLA, PG, NVDA, HON, GOOGL, MSFT, and NKE were.....ALL....up today. AND.....with the HUGE Disney BEAT......we have good....potential...for a positive day tomorrow to end the week. We are NICELY positive for the week right now....so a good close tomorrow......will be ANOTHER good week in the bank. We will see if Disney.....can avoid the GREAT earnings JINX tomorrow....that we often see. Disney smashes streaming subscriber expectations, boosting segments hurt by Covid https://www.cnbc.com/2021/02/11/disney-dis-q1-2021-earnings.html (BOLD is my opinion OR what I consider important content) Key Points Disney reported earnings after the bell Thursday. Disney said it now has almost 95 million paid subscribers to its Disney+ streaming service as of the quarter ended Jan. 2, helping to offset losses in other segments affected by the pandemic. CEO Bob Chapek told analysts on the company earnings call that outlook for parks revenue and reopening is “really going to be determined by the rate of vaccination of the public.” Disney reported strong growth in paid streaming subscribers and its first quarterly profit since early last year in its earnings report for its fiscal first quarter of 2021 after the bell Thursday. The stock was up around 1.7% after hours. Here are the key numbers: Earnings per share: 32 cents adjusted vs. loss of 41 cents expected, according to Refinitiv Revenue: $16.25 billion vs. $15.9 billion expected, according to Refinitiv Here’s how the rest of the report went for Disney. Streaming Disney said it now has almost 95 million paid subscribers to its Disney+ streaming service as of the quarter ended Jan. 2. This comes during the first quarter after Disney’s free-trial period ended for some subscribers who are also Verizon customers. Disney CFO Christine McCarthy told analysts on the company’s earnings call that executives are “really happy with the conversion numbers that we’ve seen there going from the promotion to become paid subscribers.” Average monthly revenue per paid Disney+ subscriber, however, dipped 28% compared with the same quarter last year, from $5.56 to $4.03. That’s because this number now includes subscribers to Disney+ Hotstar, which launched in India and Indonesia last year. The service has lower average monthly revenue per paid subscriber than traditional Disney+ in other markets, pulling down the overall average for the quarter. On Disney’s earnings call, McCarthy said that excluding Hotstar, average revenue per paid Disney+ subscriber would have been $5.37 in the quarter. Average monthly revenue per paid subscriber grew slightly for Disney’s other direct-to-consumer platforms, ESPN+ and Hulu, with the latter seeing 26% growth for those using its live TV service. The company said it now has more than 146 million total paid subscribers across its streaming services as of the end of the first quarter. Revenue for Disney’s direct-to-consumer business grew 73% compared with the same quarter the previous year, to $3.5 billion. That growth helped to offset losses in other segments affected by the pandemic. Parks Revenue at Disney’s parks, experiences and products segment fell 53% to $3.58 billion, as many of its theme parks were either closed or operating at reduced capacity and its cruise ships and guided tours were suspended. CEO Bob Chapek told analysts on the company earnings call that outlook for parks revenue and reopening is “really going to be determined by the rate of vaccination of the public.” Disneyland is hosting a vaccination site for Californians, and Chapek said the site has so far delivered more than 100,000 doses. Chapek said he expects any reopening or increase in visitor capacity will include masking and social distance measures through the end of the year. But he said Dr. Anthony Fauci’s prediction earlier Thursday that the vaccine would begin to be available to anyone who wants one in April would be a “game changer.” The company said the Covid-19 outbreak cost this division around $2.6 billion in lost operating income during the fiscal first quarter. Content sales and licensing revenues decreased 56% to $1.7 billion during the quarter, as Disney had no new theatrical releases during October, November and December and limited home entertainment releases. Notably, last year, the studio released “Frozen II” in theaters and had “Toy Story 4,” “The Lion King” and “Aladdin” hit the home video market. Disney expects capital expenditures for fiscal year 2021 to be similar to those for 2020, with the business investing more in the media and entertainment segment and less in the parks segment." MY COMMENT VERY nice earnings considering that the PARKS, MOVIES, and LICENSING......were very impacted by the pandemic. ONCE things open back up......there should be HUGE pent up demand for ALL those services. CONSIDERING....the massive Millennial baby boom that is going on......the future should be very bright for Disney for a long time.....10 years or perhaps more.
