GME is the equivalent of Radio Shack. I can’t figure out what the heck the Chewy guy or anyone for that matter is thinking other than using it as a pump and dump scheme. If the strategy is to transition to online gaming, you don’t need GME with its 5000+ retail stores. Why would anyone start with a brick-and-mortar? It’s like buying Barnes&Nobles because you think you can convert it into an online reading platform. Disposing of the real estate alone will destroy the balance sheet.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Spoke about this the other day, but NKLA wasn't supposed to be EV. It's predominantly meant to be a hydrogen producer. There whole business was more model then business, so none of it was actually real(and some of it was actually fake) but the EV was far astray from their core philosophy.
I know we never agree on anything EV related, but it’s hard to ignore that CCIV is led by IB Michael Klein with backing by Saudi Arabia’s sovereign wealth fund. CEO and CTO Peter Rawlinson was the chief engineer at Tesla for the model S. This crew isn’t going to embarrass themselves by pulling a Nikola.
Ya Lucid does not appear to be heading down the NKLA road.
But as belly post's correctly alludes, they have not yet produced an actual vehicle.
Neither Nikola or Lucid want to sell you a vehicle. They want to sell you their stock.
Hours after the merger, Lucid announced production delays and 2021 delivery estimates cut from 6,000 to less than 600. I'm certainly not an expert, but this sounds like defrauding investors to me.
In Lucid's case? C'mon.
I don't even care about Lucid so whatever, but you TSLA guys go weird on any non TSLA EV.
Lucid is miles and miles behind Telsa. Will they caught up? Maybe, but maybe not. That's a risky road to go down with plenty of potholes.
True, the EV market will be big enough for several big players.
Yes and one of them will be Apple. Lately, people seem to be forgetting about them
Not true. I'm all in on electric transportation. I'm an environmentalist first, Tesla bull 2nd. Tesla can't do this alone. The more EVs the better. I should probably convey these feelings more often.
I'm also aware that making profitable, compelling EVs is really f-ing difficult! Look no further than the epic disaster of the Mercedes EQC. Does Mercedes have some of the best automotive engineers? Absolutely, but even they failed at EVs.
I would urge you to take a look at Lucid's most recent slide deck. Loaded with wild assumptions.
But Lucid is targeting the $100K+ market, which is loaded with strong competition and fewer buyers. Their production volume and revenue forecast for the next 5 years is ridiculous. Smells like a con.
Maybe, that recent deal with whoever didn't actually go through.
Apple seems to be putting it out there, but it sounds stock holders aren't exactly hot on the idea.
Last edited:
In other crypto news:
Direct listing for Coinbase (no IPO or SPAC).
Coinbase files for direct listing after revenue more than doubles in 2020
Coinbase's filing showed that it made more than $1.1 billion in net revenue last year.
Gold funds in the toilet also and glad I got out at the right time. I’m thinking it might be the right time to move back in shortly.
Positive economy/job news:
www.cnbc.com
Weekly jobless claims drop sharply but labor market remains challenged
First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.
People were expecting the next leg in the fall, and it never happened. Would make sense for it to get going now in the face of this stimulus bill, and it still trends downward.
Whether you believe in it or not, as T2K points out above, the money is going towards Crypto. In a huge way.
Question, as always, is do those trends continue?
AMYZF up 25% today.
Edit: Up another 12% this morning.
So short term it has been a winner.
Still needs to prove itself in the long term, but again, this is a sector that is going to be in demand.
how much time do you have? LOL
I'll just say that it's an inverse correlation between stocks and yield. Traditional valuation uses a math formula that involves a risk free rate (treasury). If everything remains constant and RFR goes up, valuation will be lower. However, this doesn't not apply to the new valuation method of what Musk is tweeting.
I get that bond yields are at historical lows so people buy stocks to chase yields. And if bond yields increase, it could lead to outflows from stocks.
But what had changed in the past 12 months to cause bond yields to rise and investors to take notice?
But what had changed in the past 12 months to cause bond yields to rise and investors to take notice?
Cathie Wood pumping Crypto again. This time, her analysis is saying it’s cheap if you compare it to Apple’s valuation. WTF?
she also said Bitcoin is the reserve currency of the crypto asset world. That’s two really dumb statements.
she also said Bitcoin is the reserve currency of the crypto asset world. That’s two really dumb statements.
Last edited:
bonkers; comparing one of the top companies in the world that has been generating a ton of recurring earnings for a long time to an instrument that generates nothing, other than using a mind boggling amount of energy in a world that is trying to reduce the level of energy use...... Cathie has jumped the shark.
Last edited:
Nothing wrong with believing in the future of BTC and cryptos. It's not going away.
believing in something is fine, but comparing valuations of two investments that have ZERO correlation is down right ridiculous.
Something is going on. Anyone? Rates don’t jump like that for no reason.
Similar threads
