October 30, 20204 yr 12 minutes ago, Gramarye said: random Internet message board I had enough in my ira from dividends to buy 9 shares so I'm In Baby.
October 30, 20204 yr 16 minutes ago, Gramarye said: Anyone who was/is still interested in picking up WKHS, it has come down quite a bit now amid a general tech sell-off. Of course it could go even lower, but if you think the product is good and the company has the chops to weather the short term (i.e., survive long enough for the good product to actually make good money, which unfortunately are two different things), it's down from $30.99 a little over a month ago to $15.55. Of course, no promises on whether there might be a substantive reason it's sold off more than the broader tech sector. In practical terms, that may mean that people with better sources than a random Internet message board might know things we don't about the way the wind is blowing inside the USPS, since the home-run hit would be Workhorse landing the USPS contract for its next-generation short-range delivery vehicle (which could be up to a $6 billion contract). The announcement of that award has been delayed a few times and anyone who has any legitimate information on the real timing and destination of that award probably has sufficient insider information that they can't trade the stock. The Grumman LLV mail trucks are on their last legs so the USPS has to do something.
October 30, 20204 yr 48 minutes ago, Gramarye said: The announcement of that award has been delayed a few times and anyone who has any legitimate information on the real timing and destination of that award probably has sufficient insider information that they can't trade the stock. If there is a 2nd Trump term, follow the money. Does Trump have any donors or business interest with WKHS?
October 30, 20204 yr If he was a normal person he'd be pushing Workhorse to save face at least. But he's not a normal person, so when he loses face he demeans and insults the things that caused him to lose face.
October 30, 20204 yr 1 hour ago, Cleburger said: If there is a 2nd Trump term, follow the money. Does Trump have any donors or business interest with WKHS? Heh. In the old days, for things like this, you'd look to who the Congressman for the district was and what committees they were on. (It's one reason we have both military installations and defense contractors scattered all over the place.) But realistically, whether looking at it through a paradigm of cynical patronage or not, you'd still need to know who the other competitors for the contract are to compare both the technology and the connections. And when it comes to the USPS next-gen contract, I don't. Workhorse's leadership says that they feel good about it because the firms they see as their closest competition for the contract haven't actually manufactured a product yet, but I don't know what those firms are and of course the executives would be tempted both to believe the best things about their company and also to say the best things about it regardless of what they believe.
October 30, 20204 yr FWIW - Litecoin has obtained 2 new platforms that accept its payment in the last month, and this will only increase as its transaction speed is touted. I think, as a gold/bronze alternative to Bitcoin, we could see LTC back over $100 by Spring.
October 30, 20204 yr Author 16 minutes ago, YABO713 said: FWIW - Litecoin has obtained 2 new platforms that accept its payment in the last month, and this will only increase as its transaction speed is touted. I think, as a gold/bronze alternative to Bitcoin, we could see LTC back over $100 by Spring. Litecoin is down 80% since the end of 2017. Very Stable Genius
October 30, 20204 yr 1 hour ago, DarkandStormy said: Litecoin is down 80% since the end of 2017. Yeah 2017 was wholly artificial, and a bubble. 2017 was madness.
November 9, 20204 yr Author Pfizer was probably a bad investment, just looking at ROI. Pending a big 2x move or something. Very Stable Genius
November 9, 20204 yr Yes, overall it is a bit flat, I keep it for the dividend. 4% is nothing to sneeze at. Pfizer announced a possible 90% effective Covid vaccine so there is a lot of hype right now. link https://www.theguardian.com/world/2020/nov/09/covid-19-vaccine-candidate-effective-pfizer-biontech Edited November 9, 20204 yr by Cavalier Attitude
November 9, 20204 yr Author 16 minutes ago, Cavalier Attitude said: Yes, overall it is a bit flat, I keep it for the dividend. 4% is nothing to sneeze at. Pfizer announced a possible 90% effective Covid vaccine so there is a lot of hype right now. link https://www.theguardian.com/world/2020/nov/09/covid-19-vaccine-candidate-effective-pfizer-biontech PFE has significantly underperformed just a basic S&P 500 all year - and especially so since the end of March. 1 = PFE 2 = VTSAX (total market) 3 = S&P 500 fund 4% isn't making that difference up. Very Stable Genius
November 9, 20204 yr Interesting that they reported the vaccine's success rate after the election. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 9, 20204 yr ^Define "success". We'll believe it when we see it. And the giant hazard is that people will start partying when and if the vaccine is official, meaning there will be a huge surge in cases.
November 9, 20204 yr 52 minutes ago, jmecklenborg said: ^Define "success". We'll believe it when we see it. And the giant hazard is that people will start partying when and if the vaccine is official, meaning there will be a huge surge in cases. You missed the election timing element that was the point of my post and instead attached Pfizer's announcement to other things. Perhaps you should discuss them in the Current Events section? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 9, 20204 yr 27 minutes ago, KJP said: Perhaps you should discuss them in the Current Events section? I'm banned from the current events section.
November 10, 20204 yr Abeona (Symbol ABEO) was lowered from $8 to $5 by analyst SVP Leerink, maintained at outperform. Today it closed at $1.15, up about a dime in the past couple of days. I wish the management would tell the stockholders whatever they told Leerink. 🤪 But that would spoil all the fun. Remember: It's the Year of the Snake
November 11, 20204 yr This morning Cantor Fitzgerald recommended Abeona with a $4 target. The shares popped to $1.30. I'm guessing the $4-5 level represents the future value of ABEO as a going concern and the previous $8 target was a buy-out price. I'm also guessing that the CEO and three of the Board walked because a buy-out offer they supported was rejected by a majority of the Board. Remember: It's the Year of the Snake
November 11, 20204 yr I got an unsolicited call from a NY broker today wanting me to invest in Impossible Brands. He said he had another great client in Ohio who had 50k dairy cows who was listening to him and moving more and more money into Impossible Brands as we spoke. I asked him what part of Ohio this dairy farmer lived and he told me Loveland. I dont know if he is right or wrong about Impossible Brands but I told him he was full of sh*t and to learn something about Ohio first before bothering to call me to pitch a stock.
November 11, 20204 yr Just now, GCrites80s said: Did he call it "Love Land" instead of "Luvlund"? At first he called it farmland. but I believe it was more "Love Land" than "luvland"
November 16, 20204 yr Author On 11/9/2020 at 10:26 AM, DarkandStormy said: Pfizer was probably a bad investment, just looking at ROI. Pending a big 2x move or something. Pfizer didn't even set a YTD high on the vaccine news and now is down on the Moderna announcement. Very Stable Genius
November 16, 20204 yr From the coronavirus thread, Moderna's announced vaccine is not just a few percentage points more effective than Pfizer's, but it can be stored at temperatures much higher (not room temperature, but at least within the limits of a normal household freezer) than Pfizer's. If that information is accurate, and if smart money people had knowledge that that was either going to be the case or likely to be the case, it would justify them putting a lot more eggs in the Moderna basket than the Pfizer one. Moderna also was apparently a member of the Trump administration's Operation Warp Speed, whereas Pfizer was not, AFAIK by Pfizer's own choice. I generally don't invest in pharmaceuticals, so take all this with a grain of salt. For example, for all I know, Pfizer had some other patents expiring on major moneymakers that aren't related to the high-profile coronavirus stuff in the headlines.
November 16, 20204 yr Author Pfizer is a huge multinational with a much bigger float. It acts more like a bond. Big pharma just doesn't really make quick moves - Moderna is a bit more nimble and has only been traded since late 2018. Very Stable Genius
November 16, 20204 yr 41 minutes ago, DarkandStormy said: Pfizer is a huge multinational with a much bigger float. It acts more like a bond. Big pharma just doesn't really make quick moves ... A few years ago, after PFE got rid of CEO Read, they concluded that their in-house research was by and large too expensive and relatively unproductive. They have become a production and marketing operation, at which they excel. Now they partner with or buy little companies which do the basic and risky R&D much more cheaply. While this approach has made PFE more consistently profitable, it has also meant that they miss out on huge payoffs when R&D is successful. Remember: It's the Year of the Snake
November 19, 20204 yr On 10/30/2020 at 5:18 PM, YABO713 said: Yeah 2017 was wholly artificial, and a bubble. 2017 was madness. FWIW - It's up 28% since this day.
November 19, 20204 yr 55 minutes ago, YABO713 said: FWIW - It's up 28% since this day. The vaccine news is responsible for a lot of that, or at least that's the most obvious story from my portfolio: My portfolio is down slightly since the end of August. However, my portfolio is very tech-heavy. The non-tech elements of my portfolio have had a fantastic November and even had a good October. Disney is up, and I assume that's because people now are looking to next amusement park peak season and seeing real potential there again. My one bank holding, lowly Park National Bank of Newark (PRK) (I got my first bank account there when we moved to Kirkersville, as I was about to start fourth grade--that Kirkersville branch doesn't even exist anymore) has done well. Starbucks is pushing a 52-week high. By contrast, Zoom is still up huge since last year, but has definitely deflated a good amount in the past month. Amazon peaked in early September (and was lower at September month-end than August month-end). Netflix, similar enough story. Even Facebook and Google, despite the splurge of advertising revenue from the election; it was probably expected and long-since baked into the stock prices. Many of my other major cloud/SaaS holdings--Okta, Twilio, CrowdStrike, ZScaler--have had OK-but-just-OK performances the last two months. The Trade Desk (TTD) has been the one standout on the upside and Alteryx (AYX) has been the one standout on the downside. Arista Networks (ANET) has had a wild ride since the end of July but is now pretty close to (and actually slightly above) where it started that stretch.
November 19, 20204 yr Just now, Gramarye said: The vaccine news is responsible for a lot of that, or at least that's the most obvious story from my portfolio: My portfolio is down slightly since the end of August. However, my portfolio is very tech-heavy. The non-tech elements of my portfolio have had a fantastic November and even had a good October. Disney is up, and I assume that's because people now are looking to next amusement park peak season and seeing real potential there again. My one bank holding, lowly Park National Bank of Newark (PRK) (I got my first bank account there when we moved to Kirkersville, as I was about to start fourth grade--that Kirkersville branch doesn't even exist anymore) has done well. Zoom is still up huge since last year, but has definitely deflated a good amount in the past month. Amazon peaked in early September (and was lower at September month-end than August month-end). Netflix, similar enough story. Even Facebook and Google, despite the splurge of advertising revenue from the election; it was probably expected and long-since baked into the stock prices. Many of my other major cloud/SaaS holdings--Okta, Twilio, CrowdStrike, ZScaler--have had OK-but-just-OK performances the last two months. The Trade Desk (TTD) has been the one standout on the upside and Alteryx (AYX) has been the one standout on the downside. Arista Networks (ANET) has had a wild ride since the end of July but is now pretty close to (and actually slightly above) where it started that stretch. I was referring to Litecoin. But I like the tech assessment. I think there's still room to grow, even for the giants
November 19, 20204 yr Just now, YABO713 said: I was referring to Litecoin. But I like the tech assessment. I think there's still room to grow, even for the giants D'OH! Dadblasted streamlined auto-snipping of nested quotes. Harrumph harrumph.
November 19, 20204 yr Author Tesla is back to record highs (~$2500 pre-split) on news this week it will be included in the S&P 500. It's up some 23% since EOD Monday when the news broke. It will make up ~1% of the S&P 500...which means every S&P 500 index fund now has to weight-adjust their mutual fund/ETF. TSLA will join on December 21st. The valuation on Tesla is absolutely bonkers. It's worth almost half a trillion dollars....or, at the moment, almost $400k per every car they've ever sold. It's trading near a 1,000 P/E ratio (insanity). Let's compare this stock chart to a more infamous one: Seeing the similarities? Either Tesla is poised to have an Enron-like fall...or we really are witnessing one of the greatest stock breakouts of the last five years. Very Stable Genius
November 19, 20204 yr What news could tank the stock though? I'm trying to think of some, but people ignore everything bad about their situation already.
November 19, 20204 yr By "tank," do you mean knock it back out of the S&P 500, pull it back to where it was a year ago, or "tank" all the way to bankruptcy? As I've mentioned (and keep beating myself over the head about), I sold 2/3 of my position at around $350 pre-split, meaning about $70 split-adjusted. I almost bought back in during the pandemic and didn't. My remaining third (which I've held since 2013) is up 3,167% (no, that's not a misprint) and is by far my largest gainer, and I wish I'd had more confidence (or just learned my own lessons about selling too early). The thing with Enron was that it was deliberately opaque, and that made hiding the fraud easy. There is almost nothing about Tesla that is opaque, certainly not by the standards of large corporations. We have good information on its production numbers, and people are taking drone footage of both the car and battery factories. True fraud in the sense of a sudden revelation that only 10% as many cars were produced as reported is unlikely. Tesla is not a story about fraud. It is a story about hype. Like DaS notes, it's worth something like $400k for every car it has sold. This is not hidden information. This is known information. The problem is that it's hard to tell where the substance ends and the hype begins, or what the "unhyped" stock price would be. The cars are fantastic. I drive one myself, as does my best friend in Akron, and I've even said that I expect that by 2035, getting a new car with a gasoline engine will be about as hard and as rare as getting one with a manual transmission is today. The company is producing a genuine, high-quality product and selling each unit for a comfortable profit. The factories are real. It really is amazing that twelve years ago, I can find articles predicting that Tesla was a vanity project that would go bankrupt because no one wanted to buy expensive electric cars, and now the biggest risk to the stock price is that the company can't produce enough of them. First World problems. It now has the Model Y in production. The Solar Roof product may yet have its day in the sun (no pun inten ... actually, who am I kidding?). The Semi has a good number of preorders. Note that Tesla isn't particularly unique in this field. It's just remarkable in that it wasn't weighed down by the law of large numbers. Workhorse Group (WKHS) has grown from $2.50 a year ago to $23.05 today and was above $30 in September. If it were just Tesla's stock price on such a massive surge, Tesla could sell a bunch of new equity to raise massive sums and buy out Workhorse, Rivian, and a bunch of other players in this space, but the whole EV sector is on a tear (and Biden's election certainly won't have hurt that).
November 19, 20204 yr Author 1 hour ago, GCrites80s said: What news could tank the stock though? I'm trying to think of some, but people ignore everything bad about their situation already. Basically nothing, barring some SEC indictments or whatnot...which would just add to Elon's cult craze, imo. There is plenty of allegations out there of fraud if you listen to Marty Tripp (whistleblower) or others who have come forward. None have the cache of Musk, so they don't land. Elon is this generation's great showman/salesman. He landed a rocket back in earth, so people listen to anything he says. He claimed Tesla would be producing 1m cars in 2020 (back in '16/'17). They might hit 500k. He promised a coast-to-coast fully autonomous trip in '17/'18...they might release some level 2 autonomous driving system this winter (he claimed it'd be level 5 last year). People don't care. Musk's greatest trick is constantly finding new carrots to dangle, and his followers don't care that his track record is spotty on those fanciest of carrots. The bulls truly believe this full self driving tech will make each Tesla car worth $100k or more. The first reviews of his Boring Company's "Loop" in Las Vegas are out this week and it's a disaster...no one cares. Which goes to Gramarye's point - Tesla (well, Musk) is able to sell hype like no other. He said at "Battery Day" in 2015 (?? '16?) that they'd be producing a car with a 600+ mile range by 2020. Didn't happen. Didn't matter. Do the bulls care about Tesla's tanking market share in Europe (one of their claims is Tesla will maintain 15+% EV market share as the share of EVs as overall car sales grows)? No. It's just unrelenting hype, facts be damned. As long as Elon Musk is Tesla's CEO, I see nothing that will cause the stock to "tank." 22 minutes ago, Gramarye said: The thing with Enron was that it was deliberately opaque, and that made hiding the fraud easy. There is almost nothing about Tesla that is opaque, certainly not by the standards of large corporations. We have good information on its production numbers, and people are taking drone footage of both the car and battery factories. True fraud in the sense of a sudden revelation that only 10% as many cars were produced as reported is unlikely. There are some who believe Tesla is actually engaging in accounting fraud. They've "pulled forward" a lot of regulatory credits. They routinely don't pay their manufacturers on time in order to impact their financials at EOQ. There are even some more people way out there who allege Tesla is a front for the drug cartel, if you can believe that. Very Stable Genius
November 19, 20204 yr 1 minute ago, DarkandStormy said: Basically nothing, barring some SEC indictments or whatnot...which would just add to Elon's cult craze, imo. There is plenty of allegations out there of fraud if you listen to Marty Tripp (whistleblower) or others who have come forward. None have the cache of Musk, so they don't land. Elon is this generation's great showman/salesman. He landed a rocket back in earth, so people listen to anything he says. He claimed Tesla would be producing 1m cars in 2020 (back in '16/'17). They might hit 500k. He promised a coast-to-coast fully autonomous trip in '17/'18...they might release some level 2 autonomous driving system this winter (he claimed it'd be level 5 last year). People don't care. Musk's greatest trick is constantly finding new carrots to dangle, and his followers don't care that his track record is spotty on those fanciest of carrots. The bulls truly believe this full self driving tech will make each Tesla car worth $100k or more. The first reviews of his Boring Company's "Loop" in Las Vegas are out this week and it's a disaster...no one cares. Which goes to Gramarye's point - Tesla (well, Musk) is able to sell hype like no other. He said at "Battery Day" in 2015 (?? '16?) that they'd be producing a car with a 600+ mile range by 2020. Didn't happen. Didn't matter. Do the bulls care about Tesla's tanking market share in Europe (one of their claims is Tesla will maintain 15+% EV market share as the share of EVs as overall car sales grows)? No. It's just unrelenting hype, facts be damned. As long as Elon Musk is Tesla's CEO, I see nothing that will cause the stock to "tank." There are some who believe Tesla is actually engaging in accounting fraud. They've "pulled forward" a lot of regulatory credits. They routinely don't pay their manufacturers on time in order to impact their financials at EOQ. There are even some more people way out there who allege Tesla is a front for the drug cartel, if you can believe that. At this point, though, Musk could step back from his role as CEO of Tesla and I don't think it would have a materially adverse long-term impact on the stock price, beyond some initial jitters. Tesla is more than a one-man show, though of course Musk is among the best promoters in the business. But Musk's showmanship at Tesla wouldn't account for the 1000%+ increase in the price of Workhorse from last year to September of this year. And investors have been well aware of Musk's penchant for overpromising for years now; we all know to take his statements as shoot-the-moon aspirations, not realistic projections. Musk clearly rejects the prevailing business school orthodoxy of it being better to underpromise and overdeliver, in favor of using dramatic promises and goals to establish the company culture and build brand excitement. Again, this is known information at this point. Thus, for example, when I read Musk saying that next year will be the year Solar Roof comes into its own (https://www.teslarati.com/tesla-solar-roof-is-a-bargain-video/), I know to take that with a grain of salt. But in general, Tesla has lived up to its CEO's expectations for its products, just not its timing. Thus, for example, I'm actually very open to the notion that I'll have a reasonably cost-effective (or at least competitive within the luxury market) Solar Roof on own home someday. But I'll bet that it won't be in 2021.
November 19, 20204 yr Author 20 hours ago, Gramarye said: Thus, for example, when I read Musk saying that next year will be the year Solar Roof comes into its own (https://www.teslarati.com/tesla-solar-roof-is-a-bargain-video/), I know to take that with a grain of salt. But in general, Tesla has lived up to its CEO's expectations for its products, just not its timing. Thus, for example, I'm actually very open to the notion that I'll have a reasonably cost-effective (or at least competitive within the luxury market) Solar Roof on own home someday. But I'll bet that it won't be in 2021. For those keeping score at home, Elon declared 2019 to be the "Year of the Solar Roof." https://electrek.co/2016/07/29/tesla-minibus-model-x-chassis-elon-musk/ Quote Following last week’s announcement that Tesla will bring to market a self-driving ‘minibus’, CEO Elon Musk now confirmed that the vehicle will be built on the Model X chassis – hinting at the vehicle potentially coming to market sooner than anticipated by leveraging the work already done for the automaker’s SUV. This product has been scrapped. This hasn't happened yet. https://www.businessinsider.com/what-tesla-has-planned-before-2020-2017-6#increase-the-range-of-tesla-cars-to-1000-kilometers-per-charge-6 Quote "My guess is probably we could break 1,000 kilometers (621 miles) within a year or two. I'd say 2017 for sure." Musk added that by 2020 Tesla could most likely make its cars go as far as 745 miles per charge. None of these have happened. https://techcrunch.com/2015/09/29/elon-musk-says-tesla-cars-will-reach-620-miles-on-a-single-charge-within-a-year-or-two-have-fully-autonomous-cars-in-three-years/ Quote Already, owners of Tesla’s Model S models are expecting a software update that will allow their cars to start driving themselves in a hands-free mode that Musk calls “auto pilot.” Musk told the Danish interviewer that the software is still being beta-tested and will “hopefully go into wide release next month.” Perhaps more notably, Musk is now saying that Tesla cars should have “full autonomy” in “approximately three years.” This was from 2015. More than five years later and Tesla is now "beta testing" its new/different autonomous technology..."Full Self Driving" (which, to be clear, does not make Teslas fully autonomous). The $35k Model 3 never happened. https://www.autoblog.com/2006/12/18/san-jose-mercury-news-interviews-teslas-elon-musk/ Quote Elon Musk says Tesla is still planning on $30,000 EV by 2010 Musk was pumping the hype back in the early aughts. Edited November 20, 20204 yr by DarkandStormy Very Stable Genius
November 20, 20204 yr Author On 6/30/2020 at 2:37 PM, DarkandStormy said: Anything remotely related to EVs is doing well - TSLA, WKHS, NKLA, FUV, BLNK. I didn't follow my advice (should have) other than a small fun play with TSLA that will neither make nor break my retirement date lol. Performance since 6/30: -TSLA +131% -WKHS +40% (looks like they're still waiting on that USPS contract...one to watch if you want) -FUV +154% (and that's after giving back some 14% today already...they popped 70% yesterday - I think on news that they obtained a pilot program with the city of Orlando) -NIO +537% (they're the new Tesla...in the stock market, at least) -BLNK +273% -KNDI +183% -SOLO +307% -PLUG: +196% And a couple that didn't: -HYLN (via SHLL, an SPAC): -12% -NKLA (also via an SPAC): -62% (their CEO resigned amidst fraud allegations), they've had an up and down run since going public, but mostly down recently Edited November 20, 20204 yr by DarkandStormy Very Stable Genius
November 20, 20204 yr I bought NIO at 15.30 per share and I am happy with my return so far. It briefly hit $50 today.
November 25, 20204 yr Wow. The last three days have been an amazing climb for my stocks unlike any other three days I've experienced. Almost makes me feel like I know what I'm doing! My positions are in CLF (up 50% in the past month), PLTR (up 47%), FSLR (up 30%), FVRR (up 16%), CRWD (up 10%) and quite a few stocks that are up in the 5-9 percent range. And even my tech stocks that took a dive in September are almost back to where they were before September. For that, I give thanks! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 1, 20204 yr Here's one that could be a fun case study someday. There have probably been other days with other companies like this, this is one I just happened to see happening in real time. Auris Medical reported positive results from a test of a nasal spray that can fortify the nasal mucosa (the body's first line of defense against inhaled pathogens and allergens through the nose) as offering at least some (not sure how much) protection from Sars-CoV-2 infection. The stock has enjoyed a "dead cat bounce" of more than 400% (I read it was 450%) intraday. It's also down enormously (99%+) over five years. But the volume is the number that jumps out at me. The entire float of the stock is 7M shares. There were 294M trades of it today when I took this screenshot a few minutes ago (and there are still a few minutes left in trading, this could hit 300M by EOD). Basically, the entire company has been bought and sold more than 40 times in a single day. Needless to say, I wouldn't touch this with a ten foot swab.
December 5, 20204 yr I drove past Dave Ramsey's new building south of Nashville last weekend. He is up to 900 employees. The complex is 23 miles south of downtown Nashville, so well outside the scope of the city's lousy bus system and it's impossible for all but maybe 5 of his employees to walk or bike to work since it's out there in the farms. I really resent that for someone who is so anti-automobile debt that he built his new office complex so far out in the unincorporated wildnerness in order to save taxes for himself rather than save transportation costs for his employees.
December 5, 20204 yr On 12/1/2020 at 3:56 PM, Gramarye said: Here's one that could be a fun case study someday. There have probably been other days with other companies like this, this is one I just happened to see happening in real time. Auris Medical ...The entire float of the stock is 7M shares. There were 294M trades of it today when I took this screenshot a few minutes ago (and there are still a few minutes left in trading, this could hit 300M by EOD). Basically, the entire company has been bought and sold more than 40 times in a single day High-speed computer trading. If the stock hits certain benchmarks, the computer trades and continues in and out trading until the stock is outside its program parameters. Fundamentals are irrelevant. Remember: It's the Year of the Snake
December 5, 20204 yr 55 minutes ago, jmecklenborg said: I drove past Dave Ramsey's new building south of Nashville last weekend. He is up to 900 employees. The complex is 23 miles south of downtown Nashville, so well outside the scope of the city's lousy bus system and it's impossible for all but maybe 5 of his employees to walk or bike to work since it's out there in the farms. I really resent that for someone who is so anti-automobile debt that he built his new office complex so far out in the unincorporated wildnerness in order to save taxes for himself rather than save transportation costs for his employees. Guys like him literally cannot understand this. The city doesn't exist to them.
December 5, 20204 yr 53 minutes ago, Dougal said: High-speed computer trading. If the stock hits certain benchmarks, the computer trades and continues in and out trading until the stock is outside its program parameters. Fundamentals are irrelevant. Computers made the stock market far more emotional, not less. Momentum investors barely existed when all those coked-up guys on the floor had to manually enter everything. Edited December 5, 20204 yr by GCrites80s
December 5, 20204 yr 1 hour ago, GCrites80s said: Computers made the stock market far more emotional, not less. Momentum investors barely existed when all those coked-up guys on the floor had to manually enter everything. I clearly remember my grandfather sitting in his chair reading the business page with the previous day's stock prices taking up 3-4 full broad sheets. There was no way for the retail investor to make quick moves. You called a stock broker with buy or sell orders and it maybe took an hour to actually happen. Now you sell a stock on a normal platform like TDAmeritrade and the sale goes through in less than five seconds.
December 5, 20204 yr 1 hour ago, GCrites80s said: Guys like him literally cannot understand this. The city doesn't exist to them. I remember listening to him once 10+ years ago when he made fun of people who rode bicycles to work. In his mind driving around the $1,500 "beater" is what responsible people do, not go without a car and use some combination of public transportation, a bike, and walking.
December 5, 20204 yr 3 hours ago, jmecklenborg said: I drove past Dave Ramsey's new building south of Nashville last weekend. He is up to 900 employees. The complex is 23 miles south of downtown Nashville, so well outside the scope of the city's lousy bus system and it's impossible for all but maybe 5 of his employees to walk or bike to work since it's out there in the farms. I really resent that for someone who is so anti-automobile debt that he built his new office complex so far out in the unincorporated wildnerness in order to save taxes for himself rather than save transportation costs for his employees. While I agree with you on one end, if you think about it, where are his employees likely coming from? I do not think many urbanists are going to fit into the culture of a conservative evangelical organization like Ramsey's business. So on the flip side, I can see why he may have chosen the location.
December 5, 20204 yr 53 minutes ago, Brutus_buckeye said: While I agree with you on one end, if you think about it, where are his employees likely coming from? I do not think many urbanists are going to fit into the culture of a conservative evangelical organization like Ramsey's business. So on the flip side, I can see why he may have chosen the location. A large Christian publishing company (Lifeway, I think) used to have several medium-sized office towers downtown. They sold out 2-3 years ago and a big 40+ story hotel has already taken their place. It was built when downtown Nashville still had upwards of ten strip clubs. I'm not sure if any strip clubs remain. Yeah, it was Lifeway: https://www.baptistpress.com/resource-library/news/lifeway-completes-sale-of-downtown-nashville-campus/
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