Nonsense from John Petersen

[JRP3]

He's actually a "Petersen"

 

[Zythryn]

He should be coming out with something soon.
Axion is down to 22 cents.

 

[CapitalistOppressor]

He should be coming out with something soon.
Axion is down to 22 cents.

He has to quit at some point doesn't he? He was roasted in his comment section after the last post. Worse even than before, and a complete turnaround from last year when 2/3rds of the posters thought he was a genius.

 

[derekt75]

He has to quit at some point doesn't he? He was roasted in his comment section after the last post. Worse even than before, and a complete turnaround from last year when 2/3rds of the posters thought he was a genius.

Why would he quit when we keep clicking on his articles?

 

[jeff_adams]

Why would he quit when we keep clicking on his articles?

Looking stupid is a hard way to make money.

 

[MikeC]

Looking stupid is a hard way to make money.

I don't know, he seems to be doing it quite well.

 

[JRP3]

Still clinging to hope :biggrin:

Carnardie
JP: "I liked Axion at $2.30 and I like it even more at $0.56.

Before June 30, 2013, the stock prices of Axion and Tesla will cross, with Axion climbing and Tesla falling."

Today is June 30, 2013, so time to update the record. The Axion you liked so much at $0.56 is now $0.153, or down 72% from your increased liking. Tesla, on the other hand, is $107.36.

It's one thing to be wrong, but to be wrong by more than 2 orders of magnitude is extraordinary.

John Petersen
I was obviously wrong on timing, but my thesis on the lines crossing in the not too distant future remains intact.

Tesla is trading at over 20x book value and spending like a drunken sailor on assets that provide no return on capital, and to make matters worse no return of capital.

Axion is trading at about 1x book value as it makes the transition from R&D to commercialization of a very important product.

The art of investing is buying when stocks are undervalued and selling when they're overvalued. A wise man who knew about the two companies would be selling Tesla and buying Axion.

http://seekingalpha.com/article/296...he-balance-and-found-wanting#comment-20561682

 

[maekuz]

I think he is hurting and he will be hurting much more after Q2 results

 

[richkae]

"My thesis that I can infinitely extend my predictions into the not too distant future remains intact."

 

[lolachampcar]

Petersen whoooooooooooo?

 

[dsm363]

The art of investing is buying a stock at $17 and selling it at $112 and not buying a stock at $2.50 and selling it at 10 cents.

He is a genius.

 

[Citizen-T]

I don't understand how this guy has any credibility left. He's been epically wrong about both these companies, yet still writes as though he has some authority.

 

[MikeC]

At this point, I kinda feel bad for the guy. He's probably lost a lot of money and there are over 250 posts on this thread ridiculing him (not that it's hard to do).

 

[Krugerrand]

"My thesis that I can infinitely extend my predictions into the not too distant future remains intact."

Ain't that the truth!

 

[dsm363]

At this point, I kinda feel bad for the guy. He's probably lost a lot of money and there are over 250 posts on this thread ridiculing him (not that it's hard to do).

If he had simply been wrong, that happens. Nothing wrong with that. But he ridiculed people backing Tesla, called them as intelligent as fifth graders and said they lived in a fantasy land though.

 

[Vger]

Tesla is trading at over 20x book value and spending like a drunken sailor on assets that provide no return on capital, and to make matters worse no return of capital.

Obviously, he is referring to the SC network. To me this is the epitome of narrow in-the-box thinking. The SC network is selling MANY cars, and obviously, they priced its amortization into the cost structure of the car. So it will return hugely on capital! They are going to dominate the long-range EV market for years to come based on this investment.

Those who cannot think outside their preconceptions are doomed to be devoured by them.

 

[lolachampcar]

The IDEA of SuperChargers are selling cars. Can you imagine what will happen with the reality of SCs?

 

[JRP3]

If he had simply been wrong, that happens. Nothing wrong with that. But he ridiculed people backing Tesla, called them as intelligent as fifth graders and said they lived in a fantasy land though.

Yup, can't feel too bad for him, he went on a dedicated smear campaign against Tesla, EV's, and anyone who countered his garbage with facts. He's a giant blowhard tool, and I'm just having too much fun watching him go down with the ship, even though it's costing me a few dollars. I've lost money on stocks before without getting the entertainment value that Petersen provides.

 

[Zzzz...]

Axion is down to 22 cents.

And down to 16 cents.

Plus looks like Axion will ran out of cash real soon:

 

[Electroman]

Isn't it time for him to come up with another hit piece ?

I am predicting something along the lines of, 'how Tesla and all EVs have the potential to ruin family harmony', or some such crap !