- Thread starter Joe Fan
- Start date
This could be said for any equity, what's your point
Some have longer time horizons with their investments. Imagine that! How about $TSLA across the last two years. Cherry picking a time frame to suit your narrative? FFS
Everyone who knows better than to put their money in shitcoins
OUBubba
5,000+ Posts
My issue is that Musk uses of his celebrity, reach, etc. to his advantage more than just around the edges of the law. I think Tesla is a fine investment. I'd be curious how much stock of his own companies he has bought and sold. Dogecoin is a good example. To me, if he dumped it shortly before being on SNL and agreeing that it's fake, that's criminal.
We aren't talking about 'any equity.' The very topic (since, upon information and belief, you apparently care about staying on topic) was Twitter, which necessarily includes $TWTR AND because bubba is making such a big deal over purchases since the beginning of the year and how a delay of less than two weeks in filing the Schedule 13 apparently visited some harm upon shareholders...
The flawed premise is that Elon carries intrinsic value into an investment. The FOMO element kicked in and contributed to a dead cat bounce from which $TWTR has since fallen (again, not unlike they did in January 2021). The SMART money on the Elon news was to short the stock and pocket the seven or eight bucks a share as it quickly dropped back to $44-45.
The members of the Cult of Elon have a tremendous case of FOMO. That was lost on bubba. Sadly, it ALSO seems to be lost on you. We are not talking about buy and hold long-term...we are talking about the bounce on news that occurred in this specific case.
And it matters not what you or I think about dogecoin...the reality is that it was a pump and dump without the usual elements seen in the pinks. A few made money and many more were left holding the bag. Those who got into $TSLA at the $1200 high are STILL hoping it finally makes it back to that level, because they bought in on some imagined future contracts. Those who likely will do well are those who got in on the large drops AND held. But many who get into stocks that don't pay dividends are not usually there for the long-term.
The flawed premise is that Elon carries intrinsic value into an investment. The FOMO element kicked in and contributed to a dead cat bounce from which $TWTR has since fallen (again, not unlike they did in January 2021). The SMART money on the Elon news was to short the stock and pocket the seven or eight bucks a share as it quickly dropped back to $44-45.
The members of the Cult of Elon have a tremendous case of FOMO. That was lost on bubba. Sadly, it ALSO seems to be lost on you. We are not talking about buy and hold long-term...we are talking about the bounce on news that occurred in this specific case.
And it matters not what you or I think about dogecoin...the reality is that it was a pump and dump without the usual elements seen in the pinks. A few made money and many more were left holding the bag. Those who got into $TSLA at the $1200 high are STILL hoping it finally makes it back to that level, because they bought in on some imagined future contracts. Those who likely will do well are those who got in on the large drops AND held. But many who get into stocks that don't pay dividends are not usually there for the long-term.
He has not MADE anything. In order for him to profit, there must FIRST be a sale AND that sale must be at prices greater than was paid.
The mass media has done a wonderful job at brainwashing people into believing that someone who buys a stock that goes up in value has somehow MADE money...this is a reason why those who OWN stocks are opposed to taxations based on unrealized gain. If you want to do that, you damned sure better let us write off unrealized losses!
I'm not trying to make it a realized gain/loss vs unrealized gain/loss argument. Make it a net worth argument:
Does anybody think the potential fine for Musk - IF he did something illegal - would be greater than the amount his net worth increased based on the illegal action?
OUBubba
5,000+ Posts
If Hunter Biden, Warren Buffet, or anyone on the other end of the political spectrum from you had done this you'd think it was a bigger deal. I don't personally think it's criminal. I think he's done worse. But, it is a clear violation of the rule that could be criminal. To see you do his bidding is interesting. I just thought it was worth mentioning in the twitter thread.
In a word...no.
A less than two week delay in a Schedule 13 does not phase me in the least. It got filed. Period.
Anyone watching the stock KNEW someone was accumulating shares. It was known to be in play. I just don't have enough yet to connect, completely, the dots that an effort was going to be made to install the two that left from Trump's company into positions of power with Twitter...a controlling interest will likely show that to be something coming to fruition. Might also help explain the other Schedule 13 filed around the same time by an institutional outfit that is over 10% now...
This was not the insider trading like many in Congress (on both sides of the aisle) have engaged in and that tends to actually offend people's sense of fair play. This was a damned clerical issue that harmed nobody. It is basically a civil matter that, as noted in so many other Schedule 13 cases, will result in perhaps a low-six-figure fine. For someone like Musk, that is a rounding error that will probably actually be reimbursed by the E&O policies carried by his accountants and brokers who were responsible for keeping up with the deadline.
OUBubba
5,000+ Posts
It's a purposeful "clerical error".
Oh horsecrap! And you KNOW it is meaningless.
Sorry you bought the news instead of doing due diligence and now have to hope and pray that it someday has another bounce so you can recoup your overpriced purchase...
OUBubba
5,000+ Posts
Unless my 401k has some twitter of which I'm unaware, I'm not an investor. I just don't like seeing people game the system. I'm an okie investor. I'm lining up a run on the scratch offs.
LOL at gaming the system...
OUBubba
5,000+ Posts
Lol at your lol.
By your logic, I am gaming the system if I can get something on the last day before a stock goes ex-dividend and get out of it with a profit ON TOP of what I will collect on the dividend.
OUBubba
5,000+ Posts
By your logic, if you're speeding in a school zone as long as the cops don’t catch you and you don’t commit vehicular manslaughter there’s no harm, no foul.
If I run 28 through a 20, then correct...no harm, no foul.
Isn't that the democrat argument of "no evidence of widespread voter fraud?"
OUBubba
5,000+ Posts
Well done! A little different. There is no actual evidence.
Aw, poor twitter baby employees had their monthly day of rest ruined by an African- American:
‘Super stressed’ Twitter staff have monthly 'day of rest' ruined by Musk drama
‘Super stressed’ Twitter staff have monthly 'day of rest' ruined by Musk drama
Just imagine the outcry when he makes them ban liberals and terrorists from the platform
I read the Rasella pleading...I found it peculiar that he fails to even name how many shares he allegedly sold and thus lost out on a few dollars from selling a week before the Schedule 13 was filed.
Absent such a showing, even in a purported class action, I don't see it going anywhere.
OUBubba
5,000+ Posts
There will be a fine. It will be couch change to Musk.
A civil suit does not result in a fine. This tells us you have not even bothered to try and read the Rasella pleadings...pleadings which, by the way, fail to state an actual harm as having occurred.
OUBubba
5,000+ Posts
I didn't respond proper. I wasn't referring to the Rasella case. I just think that the SEC will fine Musk. I do agree that there may be actually NO benefit that he received. However, just like your speeding case, he violated the "rule". I'm sure we all know people caught running red lights or speeding via cameras. They harmed no one and really only got caught due to technology. They paid a fine.
So, you were not referring to Rasella but deliberately still chose to quote-reply my comments which spoke DIRECTLY to a civil filing.
As to cameras...sorry if you know people too stupid to challenge them given how many courts have ruled them inadmissible.
OUBubba
5,000+ Posts
Damn. Yes, I did it wrong and said as much. Chill out. This is why I put you on ignore in the past.
The first guy that came to mind is my friend who was appointed by President Bush to be an Assistant Secretary of Health and Human Services. LOL. Just quit being such a south pole elf.
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