I'm still somewhat leveraged but I think I can manage. I'm planning to sell in tranches if margin calls come up. $300 is my pain point. Other than that, business as usual. My side business as a translator is booming. Hospitals are writing novels worth of COVID PSA and guides. It's going to be a tough 6 months in term of workload and financial gymnastics but nothing unmanageable.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
mact3333
Member
Sorry, but this is mortally flawed goldbug logic.
You need to replace "faith" with "200 years proven track record and the economic self-interest of 300 million citizens, backed up with an army".
If the US lost: "200 years proven track record and the economic self-interest of 300 million citizens, backed up with an army", then maybe, but not even you are arguing that, because it's obvious nonsense.
Using the opaque and ultimately meaningless word of "faith" led you to this flawed path of logic.
Btw., the following argument is flawed in the specifics as well and shows a lack of understanding of how financial systems and treasury bonds work in particular:
That's a very naive understanding of how treasuries work. If there are more sellers of treasury bonds than buyers, and the Fed doesn't like the spiking yields, they'll step in and buy them. There's no danger whatsoever of bonds "collapsing", because the Fed has unlimited authority to acquire them - and has done so in the past.
The "masses" cannot "cash in" treasuries "one day", they have fixed maturities. They can sell them, to the Fed if there are no buyers. I.e. there's no possibility of a bank run on the Fed.
Your argument goes downhill from there I'm afraid.
LOL...ok...treasuries bonds started in 1929 lol...fed reserve act was in 1913...200 years huh?....debt maybe but not treasuries ...yes the whole system is based on faith and I stand by that statement...treasuries are sold and bought all the time as they have different maturity dates ...but true you cannot cash out all treasuries at once due to maturity dates.
"there is no possibility of a bank run on the fed" is one of the most inane statements I have ever heard...you do realize that the Fed Reserve are just bankers right?...who is on the board of the Fed Reserve you hold so dear?...thats right owners of the banks that are traded publicly...the Fed Reserve are private banker and have nothing to do with the US govt on a technical basis despite their accepted relationship.
If things can get really ugly and there is no more faith in our fiat system, the Fed will cease to exist trust me on that one.
Fiat based economies last 50 years on average. None will last forever its common sense.
Take care...
Fact Checking
Well-Known Member
They bought the dip to $180 pretty damn perfectly, and 10 shares times 170k holding users moves them into the top 10 institutional holders of Tesla.
There's a couple of Reddit WSB heroes who posted meme after meme below $200 and were proven right. I believe they played a significant role in fighting off the TSLAQ horde on Reddit and changing the overall sentiment.
Knightowl
Whovian
FWIW I have a 60day buy order in at 290 figure it has a fair chance at execution but will see how it plays out.
figure it has a fair chance at execution but will see how it plays out.
Fact Checking
Well-Known Member
This is what I wrote:
"200 years proven track record and the economic self-interest of 300 million citizens, backed up with an army"
Not a single mention of "treasuries", right?
You'll need to make coherent, logical arguments if you want me to answer them.
Artful Dodger
"Neko no me"
Yes, but in 2020 he creates the Poor and gives to the market makers...
myt-e-s-l-a
Member
So, if wsb = 1M, and they use Robinhood, they all should buy and hodl 20 shares!
Traders do not have to be on trading floor. Technically NYSE is capable of remote trading. Stacey Cunningham, NYSE chief said if it's necessary.
What they should do is banning stock shorts for a period of time during world crisis event like this.
Maybe I should've said "little-est guy"?
Nonetheless, I think the # of Robinhood users holding is a useful piece of data.
I've exited my position today, due to the USA not taking serious actions against coronavirus. Here in Europe, everything went to a halt and we have universal health care and countries took drastic measures. I can't imagine a health disaster in the USA in the next two or three weeks due to their private insurance healthcare system. It will be a clusterfuck.
I will however gradually buy back my position later.
I will however gradually buy back my position later.
That's sad.... this is the time those companies need their CEOs the most, and that's why they're highly compensated (and why I would never take that job, for example), and for them to step down during this crisis..... SMH.
For those that don't know much about the power of adding more people to the worldwide financial industry (especially those that don't have the werewithall previously to be in it)...
https://www.amazon.com/Fortune-Bottom-Pyramid-Eradicating-Poverty/dp/8177587765
I've been interested in social entrepreneurship for quite some time and find that the lack of access (across many systems of the world) is a direct reason why people stay poor. Kiva was a big start to this. Robinhood, I think, is another - though focused on the US. Access creates awareness and knowledge-building...which helps more to improve their own decision making over time and allow that to compound to themselves, who they talk to, and their future generations.
It's a similar concept to what Tesla is trying to do by reducing the cost of transportation significantly to allow for more participation.
Edited Note: With further changes from climate change occurring (including infectious diseases), it's going to require cheaper alternatives for participation to keep economies nimble and going in a positive direction.
https://www.amazon.com/Fortune-Bottom-Pyramid-Eradicating-Poverty/dp/8177587765
I've been interested in social entrepreneurship for quite some time and find that the lack of access (across many systems of the world) is a direct reason why people stay poor. Kiva was a big start to this. Robinhood, I think, is another - though focused on the US. Access creates awareness and knowledge-building...which helps more to improve their own decision making over time and allow that to compound to themselves, who they talk to, and their future generations.
It's a similar concept to what Tesla is trying to do by reducing the cost of transportation significantly to allow for more participation.
Edited Note: With further changes from climate change occurring (including infectious diseases), it's going to require cheaper alternatives for participation to keep economies nimble and going in a positive direction.
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Yes, I think I heard from a friend of a friend that her mother-in-law in Paraguay mentioned something about a national curfew. Is that the discussion you were referring to?
In a Norwegian forum someone waiting for their TM3 said they got a letter from Tesla stating that in one Service Center deliveries may be slower than usual because 50% of the delivery team in Drammen is quarantined. But that they are taking measures to compensate.
So then we know they are delivering cars (almost) as normal in Norway.
CyberDutchie
Active Member
I have heard this rumor too. It would be a good move. Americans still don’t get it.
The governor of California finally put an order out.
On Friday night - all the bars and restaurants in San Francisco were still totally full. 2 hour wait at some of them. I was shocked.
On a sad note - I had a factory tour at Fremont schedule for March 25th, which Tesla cancelled. Said to check back in May to re-schedule. I wanted to see those Y's!
In one of the service centres. Not the whole country.
My point was that deliveries happen in spite of this.
HG Wells
Martian Embassy
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