Yesterday's trading on TSLA was a new daily high for trading volume, 90M shares traded hands. Previous biggest day was almost 61M on Tuesday. Monday and Wednesday were 47M and 48M, and before that there'd never been a day above 40M.
What happens today? Down a bit in pre-market trading, but it started that way yesterday too....
the idiot wrote:...90M shares traded hands.....
BTW, that's HALF the outstanding shares, of 180M. Zoiks!
Ghost of Igloi wrote:
of course if the past is any road map to the future.
That's why your thinking has been wrong for years.
Ghost of Igloi wrote:
I value my point of view more than the dollar, and that is why I post here.
And that is why anyone wishing to make money with there investments should ignore you.
Financial Advisor wrote:
Ghost of Igloi wrote:
I value my point of view more than the dollar, and that is why I post here.
And that is why anyone wishing to make money with there investments should ignore you.
Exactly the opposite is true. Most posters here do not invest, it may not be gambling, but certainly is speculation. I would not expect many here to last long as a client. I would profile the average poster as Aggressive, time horizon as Immediate, and purpose of account Speculation. After sometime my compliance officer would ask what are we doing here? I would be tasked with coming up with an explanation to justify and most likely be forced ask to advise to the business elsewhere. Liability is the reason. Very hard to satisfy the quick money mentality. I am sure that is why the business model for the speculative investor is better conducted at one of the online firms. It remains to be seen whether this remains the venue of choice for posters after a 65% re-rating of valuations.
Ghost of Igloi wrote:
Financial Advisor wrote:
And that is why anyone wishing to make money with there investments should ignore you.
Exactly the opposite is true. Most posters here do not invest,...
I stopped reading right there.
Much quieter trading day for TSLA today. 7.1M shares traded as of a couple of minutes ago, 1:45 into the trading day. The same volume was hit just past 10 am Eastern yesterday.
Ghost of Igloi wrote:
Financial Advisor wrote:
And that is why anyone wishing to make money with there investments should ignore you.
Exactly the opposite is true. Most posters here do not invest, it may not be gambling, but certainly is speculation. I would not expect many here to last long as a client. I would profile the average poster as Aggressive, time horizon as Immediate, and purpose of account Speculation. After sometime my compliance officer would ask what are we doing here? I would be tasked with coming up with an explanation to justify and most likely be forced ask to advise to the business elsewhere. Liability is the reason. Very hard to satisfy the quick money mentality. I am sure that is why the business model for the speculative investor is better conducted at one of the online firms. It remains to be seen whether this remains the venue of choice for posters after a 65% re-rating of valuations.
As for the distinction being made between speculation/gambling verse investing, I ran a quick calculation and can assert the following: of my entire portfolio, less than half of one percent is actively traded in a speculative mode, and the other +99.5 % is long term investing buy and hold. It's more exciting and i talk about it more so it may come across as more prevalent - but it is nothing relatively speaking. Actually, it is 2 tenths of a percent but i am trying to keep it simple (0.2 %). That is a rule i have lived by since starting investing some 25 years ago. It's play money and I do it in a Roth account or two so that i don't get hit with a lot of capital gains/losses taxes.
That said, some here might find that holding a triple leveraged small cap or tech ETF to be speculation or gambling. Likewise, some may find that buying Amazon at these valuations to be speculation - or worse! I have lots, lots, lots of that kind of thing, and we would differ in opinion, i would expect.
And let me just say that I do appreciate the overall discussion. It has given me to look up and research findings, facts, opinions, etc., on many cases and almost daily. The fact that i find some of the views so overstated only gives me more reason to bone-up on the background.
Igy you are off the rails. I made only 4 figures on that trade, but so what? It was absolutely worth the 5 minutes it took. And as I said, it was as close to a sure thing as there has ever been.
But that’s entirely beside the point. What will you do with this new knowledge? Nothing. It was one trade, in a succession of trades, of which you have no idea. The entire chain, and every part if it, is “worth it”, to me. I beat not only you, but the markets, all the time, with a succession of such trades. Over decades, not weeks. Sometimes not by much, sometimes by a lot, usually it depends on how often I want to be doing that sort of thing. These days, less and less, which is why I have tried a small b&h. Even that b&h, carefully chosen, is up almost 18%, with almost 2.5 months left in its year—over 22% annualized.
I wonder from where you get your referents. People here aggressive and immediate-term? Absolutely not. You need to get out more. You have obviously never been involved in trading.
And you are not investing. YOU are speculating. You have exactly squat to do with business operations, and have no market control. You have no control whatsoever, over even one cent of the money you use to buy equities. You are investing NOTHING. in the businesses. You are gambling, pure and simple. You cannot draw some arbitrary line at some point of perceived risk and have it define investment—it is simply a potentially less risky gamble, as you see it.
Your lower returns reflects your extreme aversion to the old idea of risk—which also now has much less meaning than ever, and to which you cling like a horse running into a burning barn for the historical security of the familiar. You have been screaming your death throes through the flames for years.
Btw what was “wrong” in my prior post? I did assume some things about other posters on here, which only they can correct should they choose to do so.
My post wad directed toward what is posted here and in response to “financial advisor.” As I said, my responsibility as an actually registered financial advisor would be both required and proper to record the account profile as Aggressive, Immediate time horizon, and Speculation as the objective. That is the “know your customer rule.” Anything else you or any other poster does outside of your written comments I can only guess.
Maserati wrote:
Igy you are off the rails. I made only 4 figures on that trade, but so what? It was absolutely worth the 5 minutes it took. And as I said, it was as close to a sure thing as there has ever been.
But that’s entirely beside the point. What will you do with this new knowledge? Nothing. It was one trade, in a succession of trades, of which you have no idea. The entire chain, and every part if it, is “worth it”, to me. I beat not only you, but the markets, all the time, with a succession of such trades. Over decades, not weeks. Sometimes not by much, sometimes by a lot, usually it depends on how often I want to be doing that sort of thing. These days, less and less, which is why I have tried a small b&h. Even that b&h, carefully chosen, is up almost 18%, with almost 2.5 months left in its year—over 22% annualized.
I wonder from where you get your referents. People here aggressive and immediate-term? Absolutely not. You need to get out more. You have obviously never been involved in trading.
And you are not investing. YOU are speculating. You have exactly squat to do with business operations, and have no market control. You have no control whatsoever, over even one cent of the money you use to buy equities. You are investing NOTHING. in the businesses. You are gambling, pure and simple. You cannot draw some arbitrary line at some point of perceived risk and have it define investment—it is simply a potentially less risky gamble, as you see it.
Your lower returns reflects your extreme aversion to the old idea of risk—which also now has much less meaning than ever, and to which you cling like a horse running into a burning barn for the historical security of the familiar. You have been screaming your death throes through the flames for years.
Btw what was “wrong” in my prior post? I did assume some things about other posters on here, which only they can correct should they choose to do so.
Gosh, I guess I made you mad. Sorry. That said I think ignoring valuation metrics is horribly wrong, but wish and others success in your “investing.”
Ghost of Igloi wrote:
Immediate time horizon
I"m not sure I would consider 9 plus years as an immediate time horizon and justification for preparing for a major (60%) meltdown of the Stock Market.
No, you are correct there, but of course I never said that so you must be referring to someone else.
?
“Central banks can deny all they want that they are not responsible for asset price inflation, but everybody knows better. The denials are not only hollow they are straight out lies.
And having created the Pavlovian effect we now see in the investment community they are leading investors to abandon all sense of risk when risks are mounting ever more around us as valuations and earnings multiples keep expanding as a result of monetary policy. And hence it may be said that central bankers may be leading investors off the cliff.”
—Sven Henrich, Northman Trader
No worries domestic equity investors it’s China’s problem. Nothing to see here in the global supply chain and the second largest economy in the world. Central banks will just provide liquidity to solve the problem:
Earnings Scorecard: For Q4 2019 (with 64% of the companies in the S&P 500 reporting actual results), 71% of S&P 500 companies have reported a positive EPS surprise and 67% of S&P 500 companies have reported a positive revenue surprise.
OBSERVATION Q4 2019E
3/29/18 $46.27
6/29/18 $46.69
9/28/18 $46.05
12/31/18 $45.32
3/29/19 $44.41
6/28/19 $43.81
9/30/19 $42.21
12/31/19 $40.19
Current $39.18
Change QTD -2.51%
Change Fr 3/2019 -11.78%
EPS estimates continually lowered at each observation, timed so companies can finally beat.
Translation: no surprises, just manipulation.
Ghost of Igloi wrote:
That is the “know your customer rule.” Anything else you or any other poster does outside of your written comments I can only guess.
It would be nice if you stopped ignoring that rule when discussing what posters here are doing. You continue to proffer mistruths about others here in an attempt to promote your narrative of pessimism. I know you are a Trumpkin, but try honesty for a change. You might actually generate some much needed credibility.
Stanley Morgan wrote:
Ghost of Igloi wrote:
That is the “know your customer rule.” Anything else you or any other poster does outside of your written comments I can only guess.
It would be nice if you stopped ignoring that rule when discussing what posters here are doing. You continue to proffer mistruths about others here in an attempt to promote your narrative of pessimism. I know you are a Trumpkin, but try honesty for a change. You might actually generate some much needed credibility.
No, Trump is cheering your sprint to the cliff. We know that for sure.