OT: Stock and Investment Talk

[RU-05]

WOLF strikes me as a hot steaming pile of sh!t but then again I know the second I sell the stock will skyrocket on some news like it’s getting acquired. Been a disaster for my portfolio and I’ve got a bunch of wash-rule BS too that I’ll have to sort through come tax time. I should have simply doubled by stake in NVDA. Lesson learned…

Even with todays downward move it is still significantly off its lows.

Not surprising that a stock in such a downturn wouldn’t then just rocket to the moon. Volatility to be expected.

Of course you have to believe in the fundamental story if you are going to be in a stock like this.

 

[rutgersdave]

META moving today nicely up 15.

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thehill.com

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President Trump’s most prominent backers.

“How much do you think we can rip out of this wasted, $6.5 trillion Harris-Biden budget?” Howard Lutnick, a Wall Street CEO and Trump’s transition team co-chair, asked Musk at the former president’s recent rally held at Madison Square Garden in New York City

Without offering specifics, Musk said in response that he thinks “at least $2 trillion” in a brief moment that has since gained widespread attention online and drawn mixed reactions from budget world.

Musk did mention that people will have to accept temporary hardships. 2-3 years?


Anybody thoughts about cuts to the federal spending? Is this in response to continuing the tax cuts for individuals from 2017, that cost is $5 trillion for ten years.

 

[RU-05]

META moving today nicely up 15.

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thehill.com

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President Trump’s most prominent backers.

“How much do you think we can rip out of this wasted, $6.5 trillion Harris-Biden budget?” Howard Lutnick, a Wall Street CEO and Trump’s transition team co-chair, asked Musk at the former president’s recent rally held at Madison Square Garden in New York City

Without offering specifics, Musk said in response that he thinks “at least $2 trillion” in a brief moment that has since gained widespread attention online and drawn mixed reactions from budget world.

Musk did mention that people will have to accept temporary hardships. 2-3 years?


Anybody thoughts about cuts to the federal spending? Is this in response to continuing the tax cuts for individuals from 2017, that cost is $5 trillion for ten years.

The deficit does need to reigned in. Cutting spending probably should be part of it, but will the nation except 2-3 years or hardship to do so? Color me skeptical.

I would just look to cap spending and let GDP growth fuel tax revenue growth. Same idea but less drastic approach.

But I can’t help but be interested in what Musk is able to do in terms of making the government more efficient.

 

[rutgersdave]

The deficit does need to reigned in. Cutting spending probably should be part of it, but will the nation except 2-3 years or hardship to do so? Color me skeptical.

I would just look to cap spending and let GDP growth fuel tax revenue growth. Same idea but less drastic approach.

But I can’t help but be interested in what Musk is able to do in terms of making the government more efficient.

He did cut Twitter workforce from 8,000 to 1,500 and it still works. The cuts are probably to offset the expected 2017 tax cut for individual expiring in 2025 which they want to extend. I don’t expect any cut in the deficit.

 

[RUAldo]

BROS up 33% today…was on the West Coast 6 months ago and saw the lines wrapped around the parking lot. Did some research and it’s got a cult following. I’m probably jinxing myself but this thing could go even higher based on today’s earnings report.

 

[ashokan]

META moving today nicely up 15.

Loading…

thehill.com

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President Trump’s most prominent backers.

“How much do you think we can rip out of this wasted, $6.5 trillion Harris-Biden budget?” Howard Lutnick, a Wall Street CEO and Trump’s transition team co-chair, asked Musk at the former president’s recent rally held at Madison Square Garden in New York City

Without offering specifics, Musk said in response that he thinks “at least $2 trillion” in a brief moment that has since gained widespread attention online and drawn mixed reactions from budget world.

Musk did mention that people will have to accept temporary hardships. 2-3 years?


Anybody thoughts about cuts to the federal spending? Is this in response to continuing the tax cuts for individuals from 2017, that cost is $5 trillion for ten years.

Many urban schools are disasters despite epic spending.
"Poverty" is blamed for bad scores but there is a ton of money in "poor" areas.
There are just massive grifter operations going on and money disappears under the table.
There are many conservative minority candidates who get screened out of institutions.
Only the grifters get over the wall and they use the same vocabulary to seem "caring."

The random scandal can show money went to mistresses, relatives, political agitators etc.
The money pit institution's dont want to cut spending and they dont want reforms.
Failing children are an asset to them - brings more money.

The Pentagon cant find billions every year - the usual excuses are complexity/dispersal.
However those same factors are what allow grifters.
When "climate change" was ridiculously made issue #1 it opened spending grifters and all the agencies are pulling same scams.

State pols and bureaucracies hide money like pros .
Nobody really knows what has been spent in "sanctuaries" because they hide it.
Billions are spent undercutting the people while grifters pretend its "for the people."
Diabetes skyrocketed under gov programs promoting grains as #1 for patients .
100s of 1000s of amputations, blindness etc for the sakes of grifter.
Elon sees the scale of these things - doesnt think like a bureaucrat

At 13 Baltimore City high schools, zero students tested proficient on 2023 state math exam

The latest round of state test results is raising alarm in Baltimore City Schools. Project Baltimore found 40% of Baltimore City high schools, where the state e

foxbaltimore.com

 

[ScarletNut]

Picked up some NOVA last night. Pretty small.

See if I can quick trade that into something.

Did you get bagels and cream cheese too? ;)

 

[coloradoknight]

It’s got a 0.75% expense ratio. Is that considered high? Not sure when it becomes available

It is a little on the high side for a large cap ETF. Average I believe is around 0.60 or so.

 

[rutgersdave]

Another nice day. Tom Lee is right again.

 

[RU-05]

DJT is in sell the news mode.

 

[RU-05]

TOST ripping.

EXPE looking very good.

 

[RU-05]

Holy APP. Up 40+% today.

 

[RU-05]

RIVN double miss. But the stock hanging in.

Good sign?

 

[RU-05]

WOLF. 25% down mid day wasn’t enough. Ends the day down nearly 40%. Ouch.

 

[RUAldo]

TOST ripping.

Ugh - wish I didn’t sell at $22

 

[RUAldo]

WOLF. 25% down mid day wasn’t enough. Ends the day down nearly 40%. Ouch.

Absolute mess I need to get rid of it on the next rebound

 

[T2Kplus20]

WOLF. 25% down mid day wasn’t enough. Ends the day down nearly 40%. Ouch.

WOLF got taken to the woodshed today. Ouch. I see my ANET reported a big double beat, but down a bit in extended. Not sure why yet?

 

[T2Kplus20]

DJT is in sell the news mode.

Don't need to leverage-bet on the election anymore.

 

[Knight Owl]

DJT is in sell the news mode.

X already has enough garbage on the site for the both of them but still has some decent content if one can wade through the slop. If X is worth no more than $10 billion then DJT will have to focus on a very specific demo and be nothing more than rightwing nonsense appealing to folks who think FoxNews is too far left.

 

[T2Kplus20]

RIVN double miss. But the stock hanging in.

Good sign?

Speaking of RIVN:

 

[jtung230]

What’s the best 3x short Tesla ETF? Thx

 

[T2Kplus20]

Another nice day. Tom Lee is right again.

Damn Straight!

 

[T2Kplus20]

What’s the best 3x short Tesla ETF? Thx

You think that is a good idea with the new POTUS pumping the company? :)

 

[RU-05]

You think that is a good idea with the new POTUS pumping the company? :)

What would even be a near term downside catalyst?

Edit: Actually I know what it is. If part of the administration Musk would have to sell his stock......tax free of course.

 

[jtung230]

You think that is a good idea with the new POTUS pumping the company? :)

It’s been pumped. Thinking some air gets let out with profit taking. I think Musk will get paid in other ways (Starlink or Spacex contracts). POTUS base does not like EVs.

 

[RU-05]

Elon owns 715 million shares. It's a good week of TSLA volume.

Does that outweigh the potential of Trump fast tracking autonomous?

Will Elon even be forced to sell?

 

[RU-05]

Josh Brown passed on some interesting hearsay regarding Bitcoin.

According to his talking with some folks, who have talked to Trump folks, there are people in the incoming administration who think the US Gov't buying up BTC, and then BTC ripping upwards, is the cure for the US deficit.

Now that is a use case.

 

[jtung230]

Elon owns 715 million shares. It's a good week of TSLA volume.

Does that outweigh the potential of Trump fast tracking autonomous?

Will Elon even be forced to sell?

Would you ride in one knowing it got “fast tracked”?

 

[jtung230]

Josh Brown passed on some interesting hearsay regarding Bitcoin.

According to his talking with some folks, who have talked to Trump folks, there are people in the incoming administration who think the US Gov't buying up BTC, and then BTC ripping upwards, is the cure for the US deficit.

Now that is a use case.

Trading BTC is their solution to solve the deficit? This will end well.

ETA they should hire Roaringkitty to the Fed

 

[rurahrah000]

Josh Brown passed on some interesting hearsay regarding Bitcoin.

According to his talking with some folks, who have talked to Trump folks, there are people in the incoming administration who think the US Gov't buying up BTC, and then BTC ripping upwards, is the cure for the US deficit.

Now that is a use case.

The government will solve the deficit by trading the crypto market?

 

[T2Kplus20]

Josh Brown passed on some interesting hearsay regarding Bitcoin.

According to his talking with some folks, who have talked to Trump folks, there are people in the incoming administration who think the US Gov't buying up BTC, and then BTC ripping upwards, is the cure for the US deficit.

Now that is a use case.

BTC will save the nation! I hope you own a little.

 

[T2Kplus20]

The government will solve the deficit by trading the crypto market?

 

[Knight Owl]

Trading BTC is their solution to solve the deficit? This will end well.

ETA they should hire Roaringkitty to the Fed

Eazy sleazy peazy for the guy that sold gold painted cheap sneakers for $399.🤣

 

[jtung230]

Print money buy crypto to double the money. Genius. Now who will buy when they have to sell? @T2Kplus20 will and DCA

 

[Knight Owl]

Print money buy crypto to double the money. Genius. Now who will buy when they have to sell? @T2Kplus20 will and DCA

He’ll have a sovereign wealth fund buying his NFT’s in no time! They’re NOT fungible after all!🤣

 

[RUAldo]

The government will solve the deficit by trading the crypto market?

Why doesn’t the gov’t just bust all the criminals holding BTC and use that for the strategic reserves. Pretty sure the IRS could rake in billions from unreported crypto transactions.

 

[RU-05]

BTC will save the nation! I hope you own a little.

I do. I did mark a bottom with a recent trim though.

But I still own enough that if it goes to $36,000,000 I'll be somewhat wealthy.

 

[RU-05]

Why doesn’t the gov’t just bust all the criminals holding BTC and use that for the strategic reserves. Pretty sure the IRS could rake in billions from unreported crypto transactions.

Supposedly they do own some via confiscation? I forget from where.

 

[RU-05]

Trading BTC is their solution to solve the deficit? This will end well.

For my portfolio it will.

 

[mdk01]

Why doesn’t the gov’t just bust all the criminals holding BTC and use that for the strategic reserves. Pretty sure the IRS could rake in billions from unreported crypto transactions.

The IRS is too busy harassing small businesses with BOI reporting that Congress passed