Ulmo
Active Member
TSLA is down 4%; most other falling stocks in my list down 3% or so. Some winners: IBM, F, GM. SPY is 0%.
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The DOW is being propped up while the tech stocks are being taken out back and shot.
I guess we are adjusting/shifting to some perceived Trump economy.
I guess we are adjusting/shifting to some perceived Trump economy.
Off Shore
Off Topic Member
Pretty much like Bush II did when he lost the popular vote to Gore. Oh, wait...
davecolene0606
Member
JRP3
Hyperactive Member
Genius of him to have companies go bankrupt 6 times. At least you got the "manipulating" part correct
Fact Check: Has Trump declared bankruptcy four or six times?
voyager
Active Member
Tesla is THE best example of an American company that makes cars in America that are in high demand all over the world because they are innovative, clean and great to drive. That's more than any of the Detroit Three can say. What more do you want? Should make Trump think...
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Any chance of getting number of short shares drawn down today? The prime cause of this morning's drop is sector-based, as others have mentioned, but let's see what might be amplifying it at TSLA.
SunCatcher
Member
Mitch McConnell: “The single most important thing we want to achieve is for President Obama to be a one-term president.”
Oh, but at least he was respectful towards Obama. NOT.
Republicans had it in for Obama before Day 1
Republicans had it in for Obama before Day 1
N5329K
Active Member
Hardly seems necessary to indulge in name calling when it comes to the next President of the United States. He thrives on the attention of others and I for one don't plan to give him mine. His record is his record. His personality is his personality. And if the past is predictive (which I am afraid it is), he will have very little to do with the day-to-day policy stuff that nevertheless is make or break for clean energy, climate change correctives or electric cars. He will appoint others to do that for him. And they will.
Trump Picks Top Climate Skeptic to Lead EPA Transition
As I said before, the Model 3 is something Tesla must get right or suffer becoming (remaining?) a niche automobile manufacturer. Anything that threatens a successful rollout of the Model 3, whether that "anything" is an earthquake in Fremont, a fire at the Gigafactory or the removal of federal incentives that result in raising the 3's price, seems like an existential threat to the company.
Robin
Trump Picks Top Climate Skeptic to Lead EPA Transition
As I said before, the Model 3 is something Tesla must get right or suffer becoming (remaining?) a niche automobile manufacturer. Anything that threatens a successful rollout of the Model 3, whether that "anything" is an earthquake in Fremont, a fire at the Gigafactory or the removal of federal incentives that result in raising the 3's price, seems like an existential threat to the company.
Robin
Ulmo
Active Member
Fidelity 65,017 available @ 1% (as of when I posted)
Ulmo
Active Member
Do you have fracking in Fremont and operatives with torches in Nevada? (Joke -- I don't think you do!)
I believe Tesla could survive ALL 3 of those events and Model 3 would still come on time (well, only 1 month delay for the earthquake and fire) and be a hit.
SunCatcher
Member
You'd better think long and hard in regards to the true meaning of this. The petroleum industry receives a level of subsidy from our government that makes the renewable energy support look like pocket change. When we start recognizing the cost of war and military expenditures in the middle east, then we can see just how level a playing field we have. What about the cost of care for our injured vets? And the cost of health care related to pollution from ICE vehicle exhaust. Who pays for that? Hint; it's not Petroleum, Inc. A mountain next to a molehill is what we have here. A mountain so big we don't even see or refer to it in talks like this. How can you overlook this fact when making statements like this?
Short-term pricing-
While I am as uncomfortable as most other members over the current market prices, I have kept a significant amount of powder in reserve since late September.
Looking just at the correction since the Tues morning highs, TSLA is presently down about 7.5% and SCTY 9.2%. I am not hugely comfortable in diluting my handsome $16.96 SCTY average cost, but the merger, if effected, is just a week away and there remains a fairly attractive arbitrage - buying SCTY now equates to picking up TSLA at $174.36.
So, what does SCTY's recent high equate to? Those who bought at $21.02 were locking in TSLA at $191.09. TSLA right now is at $182.15, so that arb didn't work out well - they're looking at a loss of 4.7%. That is acceptable as part of a hedge...if hedging occurred - and it certainly beats taking positions in TSLA, to the extent one believes the merger will go through, but it still is a significant paper loss over a period of two days.
- to be continued -
While I am as uncomfortable as most other members over the current market prices, I have kept a significant amount of powder in reserve since late September.
Looking just at the correction since the Tues morning highs, TSLA is presently down about 7.5% and SCTY 9.2%. I am not hugely comfortable in diluting my handsome $16.96 SCTY average cost, but the merger, if effected, is just a week away and there remains a fairly attractive arbitrage - buying SCTY now equates to picking up TSLA at $174.36.
So, what does SCTY's recent high equate to? Those who bought at $21.02 were locking in TSLA at $191.09. TSLA right now is at $182.15, so that arb didn't work out well - they're looking at a loss of 4.7%. That is acceptable as part of a hedge...if hedging occurred - and it certainly beats taking positions in TSLA, to the extent one believes the merger will go through, but it still is a significant paper loss over a period of two days.
- to be continued -
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Ulmo
Active Member
If the oil subsidies are increased/level while all the anti-oil subsidies are attacked, that's when a lot of noise and political action does make sense, I agree (with the caveats that they be honest, not just slimeball propaganda). I still prefer to call apples apples, but they are both subsidies, and right now still too lopsided in favor of oil & coal (more oil near term, but coal is a horrible polluter).
If Trump is a noninterventionist, that right there is a huge reduction in oil and coal subsidies. Obama & Bush spent a huge amount on oil with Iraq (good job guys) & Afganistan et al. Unfortunately, that would make it harder for an increase in anti-oil subsidies, but there's still room for parity increases; charge oil companies and ICE companies for veterans' medical and retirement, for instance (hard sell?).
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racer26
Active Member
TSLA SCTY and QQQ all have pretty much the same shape today.
I don't think any of the blood we're currently sitting in is anything more than macro uncertainty.
I don't think any of the blood we're currently sitting in is anything more than macro uncertainty.
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