Anyone have a coherent theory for why we're not rebounding with the rest right now?
Because Tesla.
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Anyone have a coherent theory for why we're not rebounding with the rest right now?
Drop is most likely, as mentioned before, nervous nellies closing out positions before election results. 'Cause everyone's a fraidy cat.
Showing in the indices as well. Not TSLA-specific.
I will say this late drop is very Tesla specific. Mkt at near high of day, this is a very weak close.Drop is most likely, as mentioned before, nervous nellies closing out positions before election results. 'Cause everyone's a fraidy cat.
Showing in the indices as well. Not TSLA-specific.
No reason for it to break $348 atm. Shorts and day traders are making money while we wait for some news. Really the only thing that can break that wall.Anyone have a coherent theory for why we're not rebounding with the rest right now?
Doesn't look global to me, more just $TSLA. I think it's shorty-shorts. After all, Einhorn just doubled-down, didn't he? Good time to load up, after a bounce off 348...
I STILL, don't believe any fresh news is necessary at all. I STILL believe that the fundamentals of the Q3 report are sufficient to propel a protracted rise until fair value is established.No reason for it to break $348 atm. Shorts and day traders are making money while we wait for some news. Really the only thing that can break that wall.
Did you also happen to notice, it's dem ferrerners?
Our provision for income taxes increased by $16.9 million from a benefit of $0.3 million in the three months ended September 30, 2017 to a provision of $16.6 million in the three months ended September 30, 2018. This increase was due to increases in taxable profits in certain foreign jurisdictions.
That huge dump at the end sinks - someone desperate for $TSLA to close in the red, regardless of money lost...
View attachment 350363
lololol
Can't wait to see how this plays out.
Here's How We Short Tesla And Still Sleep Soundly - Tesla, Inc. (NASDAQ:TSLA) | Seeking Alpha
All right... then why not give the same low capital gains tax rate to lower and middle class laborers and everyone else so they keep more of all their money too? Surely they'll invest some portion of those wages into "lazy income".
Are you implying that these guys don't know what they're doing??I read the article (stopped reading SA years ago except for occasional laugh) because I’m always interested in hearing trading ideas. This guy thinks he is smart but there is one tweek to his strategy that would make it much more profitable. I’m going to go ahead and let him burn all his time premium up and therefore a good percentage of his profits since he is short. If he knew what he was doing he could adjust the trade from a slightly different setup and get himself into a no lose situation.
Average gain on a home is just the inflation rate as opposed to 8% for stocks.Define lower and middle class. You have to get to a certain income where you have enough disposable income to satisfy all the rat race requirements. Once you've attained a nice house, nice car(s), college tuition savings, retirement savings, vacation savings, etc... only then would most people be using excess income to grow wealth in the stock market. Giving the middle and especially the lower class tax breaks is not going to get them to that level of disposable income.
BTW, that nice house IS a capital gains "lazy income" vehicle. Most people will sell a house a nice profit and that profit is taxed at the capital gains rate after a very nice exemption.
And most home sales pay no gains at all. By sales volume not by sales $$ volume.Average gain on a home is just the inflation rate as opposed to 8% for stocks.
Average gain on a home is just the inflation rate as opposed to 8% for stocks.
And that's why a home isn't a "good" investment. People sell their home for 200k more than they paid and think "wow, 200k profit" forgetting the opportunity cost of their money and the thousands of dollars of repairs and updates they did over the years.I have observed that nobody turns up to my home each day on a mission to add value to it. Whereas more than 30000 people turn up to Tesla workplaces each day on a mission to grow the company.
Flip side is you have to live somewhere and renting is in effect not earning you a dime.And that's why a home isn't a "good" investment. People sell their home for 200k more than they paid and think "wow, 200k profit" forgetting the opportunity cost of their money and the thousands of dollars of repairs and updates they did over the years.
Forgetting property tax, insurance, real estate commissions, inspections, tax stamps, title insurance, mortgage interest alsoAnd that's why a home isn't a "good" investment. People sell their home for 200k more than they paid and think "wow, 200k profit" forgetting the opportunity cost of their money and the thousands of dollars of repairs and updates they did over the years.
Ok, you seem to be suggesting that taxation itself is a means to limiting income inequality, the view that taxation is effectively income redistribution. That certainly was not clear to me from your initial post, and I doubt very many readers had any clue this is what you were up to. At any rate, thank you for making your point more clearly.alpha = Pareto index. control implies limit the value of. Which would be obvious if you actually read what I said instead of what you wanted to hear. From Pareto distribution - Wikipedia "When this distribution is used to model the distribution of wealth, then the parameter α is called the Pareto index."
Progressive taxation is precisely an attempt to change the value of the Pareto index. Whether people know it or not. As alpha approaches 0, you'd have theoretically ideal communism. As alpha approaches infinity you would get ideal capitalism.
How is this even close to what I said? It's not.
Because Oumuamua.Because Tesla.