sold a bullish 10-pt PUT spread on TSLA---using 8 May 2022 expiration--- a MACD cross-over candidate after a rapid rise from 700 to 1145 in less than a month. trading action has been consolidating on declining volume. overhead resistance levels at 1208, then 1240 bto 1,145 strike PUT, sto 1,155 PUT, collected $5.05 premium in advance, which defines my max risk to be $4.95 effectively, i am risking $4.95 to win $5.05 that TSLA will be trading above 1,155
Buy twtr. twtr has traded for years at a discount to its peers because they never solved monetization. Meanwhile, everything Elon touches trades at a premium (because they eventually turn into gold). Tsla for years traded at a gigantic premium with people calling it overvalued, then it went up another 20x. Spacex is still money losing and valued at over $100b because of all the possibilities people can envision for it in the future. When Elon buys twtr it will trade with a Elon call premium because of all the real changes people will anticipate him to make. Eventually these changes will create real shareholder value, but the change in valuation going from a discount to peers to premium will not wait years, it will happen now, and it will be worth more than the +30% we got today.
yip, that's why the May expiration, some 2 wks after the ERS trading action has been consolidating ~ 1115, on declining volume. once, the overhead supply (shares bough at this level around Dec/Jan) ~ 1115 was depleted, new buyers jumped in today to buy
Will he treat it like a biz or a hobby, like Bezos with the Post? Anyway, took profit on half my position, will let the rest ride and see where it goes. When tweets can move market caps of other companies by the $billions, I do agree that the market cap of TWTR has not reflected the outsized influence it has.
I don’t think treating it like a business, and finding business solutions ie monetization is the reason why he bought it. He is worth $280b, trying to double or triple his $3b twtr stake is absolutely not his goal. He started Tesla because hydrocarbons is a finite resource on earth and eventually we will need sustainable energy/transport. He started spacex because if life is not multiplanetary then it is a sitting duck waiting for an eventual extinction event. He has broad goals for his endeavors. With twitter, as he says, it is the defacto town hall/message board of society. It can either be a thriving place for idea exchange, or as has been the case lately with social media and media in general, a place that is more and more politicized where opposing voices are canceled. Elon views this as a threat to democracy and the advancement of society - woke and cancel culture, so he is going to steer the internet zeitgeist that twitter has become to a more middle ground rather than its current extremes. That’s what I believe his goals are with twitter. As for shareholder value, in the long run I believe this will make twitter into a better product, which increases shareholder value. And in the short run, as I said, anything Elon touches trades at an Elon premium vs the discount that twtr was trading at before due to years of mismanagement.
A not so altruistic/more cynical view on it is that Bezos bought wapo to steer discussion in DC(government contracts/antitrust etc), Elon is buying twtr to steer discussion on the internet as a whole. In recent years as his star has risen, there has been more attack vectors from the media especially on the left. His solution is, controlling their megaphone.
even when im expecting a pullback. it still hurts to see. the severity and suddenness of the moves is what takes a toll semiconductors back at support levels anyone have suggestions for lesser known tickers? i have siegy and looking to add to it; german company down from war etc but its the german version of GE. looking to start another position in vrex. im in the medical equipment field and both are big players. both have been good to me in the past and neither are going anywhere.
TMV doing work for me, yo. Green errday. Yalls tears are my joy. TMV & ERX year. Yalls accts redder than @Buck Turgidson ass.
By Bill Dudley Bill Dudley, a Bloomberg Opinion columnist and senior adviser to Bloomberg Economics, is a senior research scholar at Princeton University’s Center for Economic Policy Studies. He served as president of the Federal Reserve Bank of New York from 2009 to 2018, and as vice chairman of the Federal Open Market Committee. He was previously chief U.S. economist at Goldman Sachs. It’s hard to know how much the U.S. Federal Reserve will need to do to get inflation under control. But one thing is certain: To be effective, it’ll have to inflict more losses on stock and bond investors than it has so far. Market participants’ heads are already spinning from the rapid change in the outlook for the Fed’s interest-rate policy. As recently as a year ago, they expected no rate increases in 2022. Now, they foresee the federal funds rate reaching about 2.5% by the end of this year and peaking at more than 3% in 2023.
He totally botched the filing by not disclosing his intent to be a board member. He broke a series of securities laws in the process. The US has laws that require disclosures like this to prevent hidden takeovers of companies. And then the morons at Twitter revealed that they had been discussing a board seat before Musk even disclosed his purchase of twitter stocks. Aside from the SEC probably making an example of him, he'd face a class action lawsuit on behalf of shareholders who sold to him without his properly disclosing. The whole thing is a disaster and I'm sure some lawyers told him that he was facing down a giant series of legal issues if he didn't back out. Remember he filed his disclosure indicating that he was a passive investor (when in reality he was getting a board seat) so he either has to comply with his own disclosure or break openly break the law.
Can't tell if he is doing all this on purpose... What he says and what he does is two different things.. He was complaining about twitter/needing to create a diff social media platform all while buying up shares of his current megaphone. He asks twitter if he should sell shares of tesla while that plan was set in motion months ago. But his followers don't care. They will justify everything he does. Fool is going to end up in prison over some stupid SEC law taking down TSLA with him. TWTR ceo seems like a bigger idiot.
The sinister motive is that Musk wants to be a passive investor (and not a board member) because board members are restricted in terms of how much stock they can own. So in theory, he can buy larger stakes of twitter by staying on the outside. But I also don't think Musk has any interest in spending a lot of his time on Twitter. And Twitter can create poison pills to block Musk from engaging in a hostile takeover. So I just think Musk (and Twitter) were being stupid about the whole thing. And the SEC (which is horribly underfunded and staffed) might have just decided that now is the time to make an example of Musk. He's been violating securities laws for years now and maybe they just had enough of his act. We don't really know what is happening in the background but I suspect Musk's lawyers told him that he's crossed a line that might actually cause problems and that he needs to step back. Also being a board member means that Musk would gain huge liabilities. Board members can't talk openly about the business (in part because they have access to huge amounts of private information about Twitter) so he'd actually lose influence. Joining the board would mean that Musk basically couldn't talk about Twitter anymore. He'd be silencing himself by doing it.
The sinister motive is that Musk wants to be a passive investor (and not a board member) because board members are restricted in terms of how much stock they can own. So in theory, he can buy larger stakes of twitter by staying on the outside. But I also don't think Musk has any interest in spending a lot of his time on Twitter. And Twitter can create poison pills to block Musk from engaging in a hostile takeover. So I just think Musk (and Twitter) were being stupid about the whole thing. And the SEC (which is horribly underfunded and staffed) might have just decided that now is the time to make an example of Musk. He's been violating securities laws for years now and maybe they just had enough of his act. We don't really know what is happening in the background but I suspect Musk's lawyers told him that he's crossed a line that might actually cause problems and that he needs to step back. Also being a board member means that Musk would gain huge liabilities. Board members can't talk openly about the business (in part because they have access to huge amounts of private information about Twitter) so he'd actually lose influence. Joining the board would mean that Musk basically couldn't talk about Twitter anymore. He'd be silencing himself by doing it.
Why did TWTR cap him at a certain % if he became a board member? Did TWTR get played be revealing that?
Bought some GS this am as an earnings play. Financials are setup well going into their earnings week and Goldman is exceptionally cheap right now…let’s hope it pays off.
Lol @ Musk going to prison. Bankers didnt go to jail in 2008 and absolutely deserved to. Corruption and fraud run rampant. VC's are throwing billions in shitcoins and other unregulated securities. And you think Musk is going to prison over some vague nonsense? You may not like it, but he is one of this countrys gemstones. Nobody wants TSLA to go down except the haters.
