doublejj
Well-Known Member
You just told me he pocketed billions.....which is it?....lolHe doesn't have the money.
You just told me he pocketed billions.....which is it?....lolHe doesn't have the money.
*sigh*You just told me he pocketed billions.....which is it?....lol
Yes. They did. Just like they bought like hell when he Tweeted the company would be profitable from the 3rd quarter of last year onward. They bought like crazy...until they found out it was all bullshit.You think people bought these levels on leaked photos and not technicals?
The guy that's right is being asked to "give us a break"?Jesus Man, give us a fucking break!
There are no technicals. Tesla doesn't have anything anybody else doesn't have. In fact, Tesla's system is not as good as what many other people have, especially when it comes to NOT bursting into flame, NOT getting your drivers killed because your autonomous system doesn't work and NOT having to only charge your car to 80% because it's "bad for it".Technicals being the charts not fundamentals of the company.
That only happens when the company is completely full of shit and everybody knows it. The same exact thing happened to companies like Enron and the entire Credit Default Swops market.Market gonna do what it gonna do, the short interest is like 1/3rd of the outstanding shares no? that's insane...
I'm talking technicals, not fundamentals. Chart technicals, lines and candles and patterns and shit, price action over time.There are no technicals. Tesla doesn't have anything anybody else doesn't have. In fact, Tesla's system is not as good as what many other people have, especially when it comes to NOT bursting into flame, NOT getting your drivers killed because your autonomous system doesn't work and NOT having to only charge your car to 80% because it's "bad for it".
That only happens when the company is completely full of shit and everybody knows it. The same exact thing happened to companies like Enron and the entire Credit Default Swops market.
You must be higher than a fucking kite.I'm talking technicals, not fundamentals. Chart technicals, lines and candles and patterns and shit, price action over time.
I am not reading anything past your first line... if you want to ignore that people play price action, that's fine. You want to ignore a technical level, that's fine, keep freaking out about financials and fundamentals but don't conflate that with technicals, good day.You must be higher than a fucking kite.
"Technicals" are nothing more than forecasting the future based on past performance. That's fucking it.
Guess what? Tesla has never made money. Tesla is 9 billion dollars in debt. Tesla is set to lose money for the foreseeable future. Tesla, should it DOUBLE it's sales right now, could not pay off the amount of debt it's carrying for another 60 years.
Now, based on that, and based on the fact that "technically" the stock has been overvalued for years, then the stock is essentially worthless.
The only reason the stock had any value at all is because people bought in to Elon Musk's bullshit. That is why the stock is tanking now: People got sick and tired of the company going deeper and deeper and deeper and deeper (say that about 11 more times) into debt and NEVER, EVER making any money.
You do realize of course that the idea of buying stock in a company is to make money, right? When all you do is lose it year after year after year after year (say that about 5 more times) then you're essentially fucked.
"Technically" the stock isn't worth anywhere near 100 dollars right now. "Technically", based on past performance, it's worth about 54 dollars per share.
And that's being kind.
You've made every case for bankruptcy, take a hefty short position.Enjoy being wrong.
that's what i'm talking about. put up or shut up. and not directed at you @londonfogAnytime you want to compare portfolios and profitability let me know.
I'm still waiting for that recession you called. You know, the one you said would start in April of this year?That's the only thing that had the stock doing anything to begin with: a constant barrage of tweets promising outrageous claims that never came true.
That ship has sailed. That's a large part of why the stock has been in constant downturn for half a year now. I'll just leave this here - from page 5 of this same thread:
And here's my post from August of last year:
I've called it all along for nearly a year now.
speaking of recessions, that one indicator that alot of people were concerned abotu the bond yields inverting ( i think?), is that still occurring?I'm still waiting for that recession you called. You know, the one you said would start in April of this year?