Author Topic: Top is in  (Read 817685 times)

ender

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Re: Top is in
« Reply #4600 on: June 23, 2019, 08:52:50 AM »
Only 80s kids use Merrill lynch

Our 401k is through ML :(

Roland of Gilead

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Re: Top is in
« Reply #4601 on: June 23, 2019, 09:21:59 AM »
The stock market has reached a permanently high plateau.

forummm

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Re: Top is in
« Reply #4602 on: June 23, 2019, 03:36:24 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

aspiringnomad

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Re: Top is in
« Reply #4603 on: June 23, 2019, 09:01:34 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

Nice - you found the correct thread for overconfidently posting that you're smarter than the market.

Roland of Gilead

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Re: Top is in
« Reply #4604 on: June 23, 2019, 09:13:34 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

EV is the future, sorry.  Musk is visionary and visionaries are often somewhat eccentric.   But hey, if you can run three companies at the same time, one of which is able to land two apartment buildings side by side after sending them supersonic AND land a third one out in the ocean on a autonomous ship that is bouncing in the waves, then yeah maybe you can cast stones.

tyort1

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Re: Top is in
« Reply #4605 on: June 23, 2019, 09:27:59 PM »
All this drama re: some specific company's future is precisely why stock picking is frowned upon around here. 

BicycleB

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Re: Top is in
« Reply #4606 on: June 23, 2019, 10:43:05 PM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

DadJokes

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Re: Top is in
« Reply #4607 on: June 24, 2019, 07:06:11 AM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

RWD

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Re: Top is in
« Reply #4608 on: June 24, 2019, 08:37:45 AM »
I just put $20k more into the market. Wanted to make sure I got it in at the top.

solon

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Re: Top is in
« Reply #4609 on: June 24, 2019, 09:48:13 AM »
I just put $20k more into the market. Wanted to make sure I got it in at the top.

Excellent work. Nicely done.

tyort1

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Re: Top is in
« Reply #4610 on: June 24, 2019, 12:30:20 PM »
If investing in the stock market was a zero sum game, then I could see why people might be compelled to pick this company or that company or this other company for REASONS, since it would mean that some companies do better at the expense of other companies doing worse. 

But if the whole market is rising and that's a long term feature. then I don't see why people even pay attention to the small stuff of individual performance of a company.  Or even the performance of a sector either.  I mean, do these people not have enough stress in their lives already? 

Of course all that is beside the point because TOP IS IN!!!

hadabeardonce

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Re: Top is in
« Reply #4611 on: June 24, 2019, 05:18:30 PM »
I was going to quote a post in this thread, but then I saw it was from 2017 and I was on page 1... some things never go out of style.

markbike528CBX

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Re: Top is in
« Reply #4612 on: June 24, 2019, 09:28:03 PM »
I was going to quote a post in this thread, but then I saw it was from 2017 and I was on page 1... some things never go out of style.
hadabeardonce:  do it!  Part of this thread has a sub-text of noting how today's "OMG market at all time high" is the  same as ancient "OMG market at all time high".

Pointing out the specifics is always cool.

forummm

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Re: Top is in
« Reply #4613 on: June 24, 2019, 09:29:58 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

Nice - you found the correct thread for overconfidently posting that you're smarter than the market.

First off, you missed the point where I was encouraging the poster not to time the market and buy the stock. And giving him reasons why it's a very risky play even if he thought it would make a temporary reversal upwards.

Second, I used to think that the efficient market hypothesis made sense and that markets were rational. Then I learned, by experience, that those theories have significant limitations. Tesla is possibly the most irrationally valued stock in the market. Definitely among larger firms. It's just a matter of time.

forummm

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Re: Top is in
« Reply #4614 on: June 24, 2019, 09:35:45 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

EV is the future, sorry.  Musk is visionary and visionaries are often somewhat eccentric.   But hey, if you can run three companies at the same time, one of which is able to land two apartment buildings side by side after sending them supersonic AND land a third one out in the ocean on a autonomous ship that is bouncing in the waves, then yeah maybe you can cast stones.

Like the average person who only knew what was portrayed in the media I also used to think he was a genius and successful. It took a lot of time and research to learn otherwise. The guy is a grifter who is actually a terrible manager and generally doesn't know what he's talking about. But he's a genius at propaganda and fundraising and taking credit for what other people did in spite of his mismanagement (like the actual engineers who landed the rocket--at a company that's not Tesla BTW). I've been EV only for 5 years. I get it. But the EVs of the future won't be Teslas (unless Ford or someone buys the brand out of bankruptcy and makes them in a different factory).

aspiringnomad

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Re: Top is in
« Reply #4615 on: June 25, 2019, 06:26:10 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

Nice - you found the correct thread for overconfidently posting that you're smarter than the market.

First off, you missed the point where I was encouraging the poster not to time the market and buy the stock. And giving him reasons why it's a very risky play even if he thought it would make a temporary reversal upwards.

Second, I used to think that the efficient market hypothesis made sense and that markets were rational. Then I learned, by experience, that those theories have significant limitations. Tesla is possibly the most irrationally valued stock in the market. Definitely among larger firms. It's just a matter of time.

You should probably start a Tesla top is in thread. Might generate some good Spaceman memes.

ysette9

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Re: Top is in
« Reply #4616 on: June 25, 2019, 07:40:55 PM »
About the only way I know about the market girations is by checking this thread for entertainment.

I love what Tesla is doing for vision and products and generating passion for EVs. Iíve heard enough bad things about working there as an employee that I hope they can stumble upon a more sustainable work culture, or they will have issues. Canít continue producing awesome products if you canít attract and retain talent.

forummm

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Re: Top is in
« Reply #4617 on: June 25, 2019, 07:49:23 PM »
You should probably start a Tesla top is in thread. Might generate some good Spaceman memes.

I doubt the Tesla top is in. It will continue to move randomly for awhile. I just know where it will go eventually. And the timing is not clear. It probably heads down from here permanently (but not to zero yet) within a few months. But you never know. Many of the people buying the stock are among the most financially illiterate and logically challenged people participating in the public markets. Reading their discourse on the subject makes me pessimistic about humanity. The stock has defied reality for a long time. It could keep doing it for a long time. I don't recommend that anyone short it. But buying it is sheer folly.

I love what Tesla is doing for vision and products and generating passion for EVs. Iíve heard enough bad things about working there as an employee that I hope they can stumble upon a more sustainable work culture, or they will have issues. Canít continue producing awesome products if you canít attract and retain talent.

Tesla was great at making EVs sexy for awhile. But I think they are now doing more harm than good because of the horrendous quality (worst in of any manufacturer in the industry). And they are showing other makers that selling EVs is a huge money loser (at least when done with Tesla's incompetence and cost structure). And you are right about Elon creating a terrible work culture. Basically all leadership has fled. Their new CAO lasted for a couple weeks. Their new GC lasted for a couple months. There has been literally over 100% annualized turnover in the higher up executive ranks. The new leadership are all kids who don't have any experience except at Tesla and are easier for Elon to manipulate.

Tides

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Re: Top is in
« Reply #4618 on: June 26, 2019, 12:29:54 AM »
You should probably start a Tesla top is in thread. Might generate some good Spaceman memes.

I doubt the Tesla top is in. It will continue to move randomly for awhile. I just know where it will go eventually. And the timing is not clear. It probably heads down from here permanently (but not to zero yet) within a few months. But you never know. Many of the people buying the stock are among the most financially illiterate and logically challenged people participating in the public markets. Reading their discourse on the subject makes me pessimistic about humanity. The stock has defied reality for a long time. It could keep doing it for a long time. I don't recommend that anyone short it. But buying it is sheer folly.

I love what Tesla is doing for vision and products and generating passion for EVs. Iíve heard enough bad things about working there as an employee that I hope they can stumble upon a more sustainable work culture, or they will have issues. Canít continue producing awesome products if you canít attract and retain talent.

Tesla was great at making EVs sexy for awhile. But I think they are now doing more harm than good because of the horrendous quality (worst in of any manufacturer in the industry). And they are showing other makers that selling EVs is a huge money loser (at least when done with Tesla's incompetence and cost structure). And you are right about Elon creating a terrible work culture. Basically all leadership has fled. Their new CAO lasted for a couple weeks. Their new GC lasted for a couple months. There has been literally over 100% annualized turnover in the higher up executive ranks. The new leadership are all kids who don't have any experience except at Tesla and are easier for Elon to manipulate.

Bob Lutz says their panel gaps are now word class ! So there haha! The old Tesla's don't seem to be showing any inordinate poor quality and reliability, double haha! Sandy Munro says the model 3ís electronics, battery, and suspension are in another league, triple haha! The bankruptcy song has been sung for as long as theyve existed, with the stock value and product line continually heading in the opposite direction, quadruple haha!

Also, top is almost in!

techwiz

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Re: Top is in
« Reply #4619 on: June 26, 2019, 06:27:30 AM »
Quote
You should probably start a Tesla top is in thread. Might generate some good Spaceman memes.

The top is in!

slow hand slow plan

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Re: Top is in
« Reply #4620 on: June 26, 2019, 08:33:07 AM »
Forummm  tesla top is in....

GuitarStv

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Re: Top is in
« Reply #4621 on: June 26, 2019, 08:45:46 AM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

Dude.  Do you even have to ask?  The bicycle is the premium way to navigate the apocalypse.  All terrain, virtually silent, easier to maintain than a horse, simple to repair or re-purpose to other mechanical tasks. . .

Travis

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Re: Top is in
« Reply #4622 on: June 26, 2019, 08:53:26 AM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

Dude.  Do you even have to ask?  The bicycle is the premium way to navigate the apocalypse.  All terrain, virtually silent, easier to maintain than a horse, simple to repair or re-purpose to other mechanical tasks. . .

Refined gasoline will be exponentially expensive or will run out and there will nobody on the road to run you over...

BicycleB

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Re: Top is in
« Reply #4623 on: June 26, 2019, 08:59:51 AM »

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

Dude.  Do you even have to ask?  The bicycle is the premium way to navigate the apocalypse.  All terrain, virtually silent, easier to maintain than a horse, simple to repair or re-purpose to other mechanical tasks. . .

Two wheeled human power is an honored part of my emergency plans for hurricanes, power outages, civil unrest, and zombies. And for the top.

JAYSLOL

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Re: Top is in
« Reply #4624 on: June 26, 2019, 09:57:22 AM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

Nice - you found the correct thread for overconfidently posting that you're smarter than the market.

First off, you missed the point where I was encouraging the poster not to time the market and buy the stock. And giving him reasons why it's a very risky play even if he thought it would make a temporary reversal upwards.

Second, I used to think that the efficient market hypothesis made sense and that markets were rational. Then I learned, by experience, that those theories have significant limitations. Tesla is possibly the most irrationally valued stock in the market. Definitely among larger firms. It's just a matter of time.

You should probably start a Tesla top is in thread. Might generate some good Spaceman memes.

Undoubtedly


dougules

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Re: Top is in
« Reply #4625 on: June 26, 2019, 11:02:27 AM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

Dude.  Do you even have to ask?  The bicycle is the premium way to navigate the apocalypse.  All terrain, virtually silent, easier to maintain than a horse, simple to repair or re-purpose to other mechanical tasks. . .

Only thing is that in the apocalypse the universe will be rolling coal on you. 

GuitarStv

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Re: Top is in
« Reply #4626 on: June 26, 2019, 11:28:22 AM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

Dude.  Do you even have to ask?  The bicycle is the premium way to navigate the apocalypse.  All terrain, virtually silent, easier to maintain than a horse, simple to repair or re-purpose to other mechanical tasks. . .

Only thing is that in the apocalypse the universe will be rolling coal on you.

So . . . no significant change?  :P

dougules

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Re: Top is in
« Reply #4627 on: June 27, 2019, 11:07:59 AM »
Why worry about one company when the entire market is near the highest peak it will ever record?

Well, perhaps TSLA will lead the market into its imminent decline. We shall all see the apocolypse together, just as we now see the glorious but fateful top.

More importantly, will navigating the apocalypse be easier in an EV or a gas-guzzler?

Dude.  Do you even have to ask?  The bicycle is the premium way to navigate the apocalypse.  All terrain, virtually silent, easier to maintain than a horse, simple to repair or re-purpose to other mechanical tasks. . .

Only thing is that in the apocalypse the universe will be rolling coal on you.

So . . . no significant change?  :P

Maybe that was the first of the four horsetruckmen of the apocalypse. 

techwiz

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Re: Top is in
« Reply #4628 on: June 27, 2019, 01:29:15 PM »
Quote
Maybe that was the first of the four horsetruckmen of the apocalypse. 
Here are the other three.


This must mean "The Top is in!"

DeniseNJ

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Re: Top is in
« Reply #4629 on: June 28, 2019, 02:03:54 PM »
I just put $20k more into the market. Wanted to make sure I got it in at the top.
lol--I just did this right before the recent decline when the top was in.  Then two days later it tanked.  Now it's almost back.  I'm hoping in 30 yrs the top will be in and I can pull it out.

TomTX

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Re: Top is in
« Reply #4630 on: June 28, 2019, 03:55:36 PM »
Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

LOL.

Yep, I sure don't see massively more Teslas on the road than any other EV, or even all other EVs combined. Totally don't exist. Tesla didn't have ~80% of BEV sales in the USA last year, if they weren't around the BEV market would totally be much larger.

Oh wait, is it opposite day?

TomTX

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Re: Top is in
« Reply #4631 on: June 28, 2019, 04:01:34 PM »
EV is the future, sorry.  Musk is visionary and visionaries are often somewhat eccentric.   But hey, if you can run three companies at the same time, one of which is able to land two apartment buildings side by side after sending them supersonic AND land a third one out in the ocean on a autonomous ship that is bouncing in the waves, then yeah maybe you can cast stones.

To be fair, I don't think they have successfully gotten the 3rd back to port yet.  They did catch a fairing this time, which is mind-boggling.

DavidAnnArbor

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Re: Top is in
« Reply #4632 on: June 28, 2019, 04:25:22 PM »
Quote
Maybe that was the first of the four horsetruckmen of the apocalypse. 
Here are the other three.


This must mean "The Top is in!"

This could be a scene from a Mad Max movie.

wienerdog

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Re: Top is in
« Reply #4633 on: June 28, 2019, 06:47:05 PM »
Can we finally declare thorstach the winner over mrpercentage yet?

dragoncar

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Re: Top is in
« Reply #4634 on: June 28, 2019, 09:49:12 PM »

Oh wait, is it opposite day?

No, Wednesday is opposite day.

JAYSLOL

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Re: Top is in
« Reply #4635 on: June 29, 2019, 07:49:26 PM »
Can we finally declare thorstach the winner over mrpercentage yet?

You're assuming they are different people, but anyways thorstach is certainly my favourite, but I'm not sure we could call either of them a winner.

dougules

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Re: Top is in
« Reply #4636 on: July 01, 2019, 11:07:42 AM »
I'm surprised nobody has noticed today that the market is trying to fake us out with new highs.  Don't be fooled.  Top is in!

Fomerly known as something

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Re: Top is in
« Reply #4637 on: July 01, 2019, 11:33:03 AM »
I claim fault for the top as I am waiting for one more dividend to be distributed before making my July purchases. 

Exflyboy

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Re: Top is in
« Reply #4638 on: July 01, 2019, 02:14:54 PM »
Record closing top is IN!

v8rx7guy

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Re: Top is in
« Reply #4639 on: July 01, 2019, 03:02:58 PM »

Radagast

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Re: Top is in
« Reply #4640 on: July 01, 2019, 08:46:29 PM »
Can we finally declare thorstach the winner over mrpercentage yet?

You're assuming they are different people, but anyways thorstach is certainly my favourite, but I'm not sure we could call either of them a winner.
I was going to post an epic burn meme. Then I checked the 2018 S&P500 close of day top.  Then I plugged it into an inflation calculator. https://www.bls.gov/data/inflation_calculator.htm

Adjusted for inflation, the January 26, 2018 top of $2,872.87 was worth $2,968.20 in May 2019 dollars. Today's top was $2,964.33. TOP HAS BEEN IN ALL ALONG!

Sorry folks, top has been in and thorstach has been winning this whole time. Hope you sold when he said so. Top was in. Like an oscillating tide, that accelerates most rapidly near the center of its course, but advances and recedes ever more slowly near the peaks and troughs, the beginning of the top was in 2018, and now we are at the end of the top. Perhaps more like a tsunami than a tide, for a tide crosses the same ground many times, while a tsunami sets a high water mark that may not be passed for centuries or even a geologic age. Top is in!

Wintergreen78

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Re: Top is in
« Reply #4641 on: July 01, 2019, 10:11:01 PM »
Can we finally declare thorstach the winner over mrpercentage yet?

You're assuming they are different people, but anyways thorstach is certainly my favourite, but I'm not sure we could call either of them a winner.
I was going to post an epic burn meme. Then I checked the 2018 S&P500 close of day top.  Then I plugged it into an inflation calculator. https://www.bls.gov/data/inflation_calculator.htm

Adjusted for inflation, the January 26, 2018 top of $2,872.87 was worth $2,968.20 in May 2019 dollars. Today's top was $2,964.33. TOP HAS BEEN IN ALL ALONG!

Sorry folks, top has been in and thorstach has been winning this whole time. Hope you sold when he said so. Top was in. Like an oscillating tide, that accelerates most rapidly near the center of its course, but advances and recedes ever more slowly near the peaks and troughs, the beginning of the top was in 2018, and now we are at the end of the top. Perhaps more like a tsunami than a tide, for a tide crosses the same ground many times, while a tsunami sets a high water mark that may not be passed for centuries or even a geologic age. Top is in!

Iíd just like to point out that I retired on January 31, 2018. So, basically, I have caused the top. As long as I never go back to work, the top will continue to be in.

Is there any flaw in this logic? Iím pretty sure the world revolves around what I do an think, IMHO.

BicycleB

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Re: Top is in
« Reply #4642 on: July 01, 2019, 11:45:07 PM »
Are you trying to extort us?


secondcor521

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Re: Top is in
« Reply #4643 on: July 02, 2019, 12:29:29 AM »
I was going to post an epic burn meme. Then I checked the 2018 S&P500 close of day top.  Then I plugged it into an inflation calculator. https://www.bls.gov/data/inflation_calculator.htm

Adjusted for inflation, the January 26, 2018 top of $2,872.87 was worth $2,968.20 in May 2019 dollars. Today's top was $2,964.33. TOP HAS BEEN IN ALL ALONG!

Why choose 1/26/18?  thorstach called the top on 4/11/17.

Cherrypicking data top is in.

smoghat

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Re: Top is in
« Reply #4644 on: July 02, 2019, 06:56:54 AM »
I live in a wealthy suburb outside New York. Teslas are very common here. There are virtually no other electric vehicles. Wealthy areas in California are the same. I asked a friend if they were buying a Tesla and she said, no, they are just too common. Elon Musk is also running the most advanced rocket company in the world. So, while I am not buying their stock, your comments seem ludicrous from here.

Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

LOL.

Yep, I sure don't see massively more Teslas on the road than any other EV, or even all other EVs combined. Totally don't exist. Tesla didn't have ~80% of BEV sales in the USA last year, if they weren't around the BEV market would totally be much larger.

Oh wait, is it opposite day?

Brother Esau

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Re: Top is in
« Reply #4645 on: July 02, 2019, 07:25:00 AM »
Can we finally declare thorstach the winner over mrpercentage yet?

You're assuming they are different people, but anyways thorstach is certainly my favourite, but I'm not sure we could call either of them a winner.
I was going to post an epic burn meme. Then I checked the 2018 S&P500 close of day top.  Then I plugged it into an inflation calculator. https://www.bls.gov/data/inflation_calculator.htm

Adjusted for inflation, the January 26, 2018 top of $2,872.87 was worth $2,968.20 in May 2019 dollars. Today's top was $2,964.33. TOP HAS BEEN IN ALL ALONG!

Sorry folks, top has been in and thorstach has been winning this whole time. Hope you sold when he said so. Top was in. Like an oscillating tide, that accelerates most rapidly near the center of its course, but advances and recedes ever more slowly near the peaks and troughs, the beginning of the top was in 2018, and now we are at the end of the top. Perhaps more like a tsunami than a tide, for a tide crosses the same ground many times, while a tsunami sets a high water mark that may not be passed for centuries or even a geologic age. Top is in!

Iíd just like to point out that I retired on January 31, 2018. So, basically, I have caused the top. As long as I never go back to work, the top will continue to be in.

Is there any flaw in this logic? Iím pretty sure the world revolves around what I do an think, IMHO.

Wow, that's epic market timing. Congrats!

Maenad

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Re: Top is in
« Reply #4646 on: July 02, 2019, 09:42:14 AM »
Like an oscillating tide, that accelerates most rapidly near the center of its course, but advances and recedes ever more slowly near the peaks and troughs, the beginning of the top was in 2018, and now we are at the end of the top. Perhaps more like a tsunami than a tide, for a tide crosses the same ground many times, while a tsunami sets a high water mark that may not be passed for centuries or even a geologic age. Top is in!

*sniff* That was beautiful, man.

Exflyboy

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Re: Top is in
« Reply #4647 on: July 02, 2019, 11:16:54 AM »
Numerical top was yesterday.. I sold some VTSAX at the close...:)

solon

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Re: Top is in
« Reply #4648 on: July 02, 2019, 11:18:39 AM »
I was going to post an epic burn meme. Then I checked the 2018 S&P500 close of day top.  Then I plugged it into an inflation calculator. https://www.bls.gov/data/inflation_calculator.htm

Adjusted for inflation, the January 26, 2018 top of $2,872.87 was worth $2,968.20 in May 2019 dollars. Today's top was $2,964.33. TOP HAS BEEN IN ALL ALONG!

Why choose 1/26/18?  thorstach called the top on 4/11/17.

Cherrypicking data top is in.

Cherry top is in


dougules

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Re: Top is in
« Reply #4649 on: July 02, 2019, 11:33:28 AM »
I live in a wealthy suburb outside New York. Teslas are very common here. There are virtually no other electric vehicles. Wealthy areas in California are the same. I asked a friend if they were buying a Tesla and she said, no, they are just too common. Elon Musk is also running the most advanced rocket company in the world. So, while I am not buying their stock, your comments seem ludicrous from here.

Goddamit. Apparently I actually called the bottom on TSLA.

So, I like Tesla as a company -
@TomTX
Don't. Tesla is a disaster as a company and is headed towards bankruptcy. The stock will be volatile as it heads to zero. But zero is where it's going.

Also Musk is a fraud/con artist who is doing damage to the EV movement through his egregious behavior and massive incompetence. He is proving to the entire industry that the EV market is extremely small and massively loss-making.

LOL.

Yep, I sure don't see massively more Teslas on the road than any other EV, or even all other EVs combined. Totally don't exist. Tesla didn't have ~80% of BEV sales in the USA last year, if they weren't around the BEV market would totally be much larger.

Oh wait, is it opposite day?

I've started seeing a Teslas around here recently, too.  This area is more upper middle class than rich and not particularly environmentally conscious.  I don't know how well Tesla is run as a company, but they are definitely selling product.