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09-29-2018, 04:51 PM | #2341 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Guess he changed his mind. Musk steps down as chairman (but will stay on as CEO) and pays a $20 million fine. Tesla pays another $20m and will appoint two new independent directors. Board committee will also be formed to oversee his communications.
https://money.cnn.com/2018/09/29/tec...ent/index.html Again, this might be for the best, so even as a fan of his, I'm fine with it. |
Posts: 52,489
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09-29-2018, 04:57 PM | #2342 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
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Posts: 57,981
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09-29-2018, 05:00 PM | #2343 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
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Posts: 52,489
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09-29-2018, 05:04 PM | #2344 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Your point is taken. But I’m sure it’s still a shit check to write because you’re too undisciplined to operate Twitter. |
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Posts: 57,981
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09-29-2018, 05:55 PM | #2345 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Posts: 52,489
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09-29-2018, 06:49 PM | #2346 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
He's not that liquid wealthy, Daface. He's fairly levered into his Tesla ownership by all accounts. Dunno, what 20 million does but there is a reason he's far more worried about short sellers than most execs. He could be margin called if Tesla drops to the low 200s from what I've read. If I were an investor I'd think it was pretty neat an executive was willing to risk so much. Dudes all in to some extent |
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Posts: 6,426
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09-30-2018, 05:14 AM | #2347 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Stock Pickers Struggle to Beat Index Funds Once Again
https://www.wsj.com/articles/stock-p...ain-1538218801
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Posts: 6,426
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09-30-2018, 06:54 AM | #2348 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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That's some pretty big sector rotation out of financials last week. Banks got a rate increase and it sounds like they'll get another one in Dec. barring the world falling apart. Might be some bargains also, it's covered up in this screenshot but GE down another 7+%. That thing seems to have no bottom. The stock price has fallen so much I think the dividend yield is about back to where it was before they cut it. 4 and a quarter |
Posts: 6,426
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10-03-2018, 03:50 PM | #2349 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Sometimes when I go to check the stock market performance for the day, I have an idle dream that I'll log on to discover that the market is up 75,000 points and I'm suddenly rich. Like, someone invented faster than light travel or something and the market is reacting. Does anyone else ever have those thoughts when you're about to check?
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Posts: 143,103
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10-03-2018, 03:59 PM | #2350 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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I don't really do individual stocks as a general rule, but I threw $100 at HMNY (MoviePass) a few weeks back as a lottery ticket. Jumped 175% today, so that's fun.
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Posts: 52,489
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10-03-2018, 04:19 PM | #2351 | |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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Quote:
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Posts: 15,471
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10-03-2018, 04:24 PM | #2352 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Just bought some GS stock today. Trying to find the value picks in this high market.
Sleeper company, TXRC if you’d like to research yourself. Interesting stuff. |
Posts: 46,131
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10-03-2018, 04:45 PM | #2353 |
Fish are scared of me
Join Date: Nov 2001
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I actually had a decent day
1 stock up 231.25% today 1 stock up 74.61% today 1 stock up 19.89% today 1 stock up 11.10% today |
Posts: 40,644
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1 0 |
10-10-2018, 05:19 PM | #2354 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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What a day!
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Posts: 46,131
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10-10-2018, 06:32 PM | #2355 |
Fish are scared of me
Join Date: Nov 2001
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Yep, Every single stock in the dow was red today
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Posts: 40,644
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