Posted on 11/11/2021 9:45:01 AM PST by SeekAndFind
Pump and dump
Is this another Kamala thread?................
Pretty good for a business which currently can only build prototypes.
Highly visible IPO’s like Rivian usually have a sizable pop when they debut. Give it a few weeks to settle down before buying.
Yep. Ridiculous hype.
I was listening to an interview with Warren Buffet. In essence he said, buy things that produce something. Buy things that make a profit. Buy things with little debt.
He didn’t like cyber currencies or gold because, you’re buying them hoping that someone later will pay you more for it. If you track gold back to the time of Jesus you will find it roughly kept up with inflation. Sometimes there’s a panic and people dive into gold as a “store of value.” But gold and cyber currencies don’t produce anything. If the value of your farm drops you still have the wheat it produced.
A new electric car company with a ridiculous evaluation is being bought on the theory that someone else will pay you more for the stock later, not based on the value of what the company produces.
When the bloom is off the rose all those tiny voices saying that the electric grid can’t support the number of electric cars that will supposedly be produced will be listened to. If they aren’t then economic reality will eventually kick in.
Saturn redux.
Ford owns 12% of Rivian invested in 2019. The sheet metal of the Rivian reminded me of Ford F-150.
... well, at least until the locusts come to pay you a visit.
“If the value of your farm drops you still have the wheat it produced.”
“I was listening to an interview with Warren Buffet. In essence he said, buy things that produce something. Buy things that make a profit. Buy things with little debt.”
Amazon never made a profit for years. Stock was selling as low as $2.00 share and had huge debt. Now it is $3600 share.
Warren Buffet ..I would do the complete opposite of whatever he says he does. He did not get where he is at by giving out information.
One of my clients is worth 500 millions. He told me he never gives advice or tells anyone how he did it, what he is going to do or what people should do. Now that is good advice.
EV companies are the new dot com bubble. A few will have tremendous returns. Most will crash and burn.
Yes
I worked for a telecom equipment manufacturer that briefly had a market cap larger than Exxon’s during the dot-com runup. Hard to find a trace of that company today.
Just like the dotcom boom, pick your stock and buckle your seat belt. And keep your hands and feet inside the ride.
I’m thinking of starting a company which will bring the people to the moon and back by 2030, with Mars the target by 2015, and interstellar travel by 2040, and it will build rockets and moon stations for vacationing on the moon and planets.
The IPO should be on the market in a few months. Any takers?
I promise that it will be the greatest thing ever. Oh, dnd it will be powered by electricity and solar panels and windmills and hydro-power. No fossil-fuels involved!
(Do hype and IPO rhyme?).
You can’t lose when you bet on the stupidity of large numbers of people especially went back by the ignorance of government.
An you see you excited I am? Should we all sell our Kevmo stock now?
Smells like Solyndra to me. Especially if King Bidet decided to pump Fed money into it.
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