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You shouldn't be allowed to share this opinion, as you have never owned a single share of stock. Why don't you buy some, wait till you lose some money, then com
by joering2 8y ago
You shouldn't be allowed to share this opinion, as you have never owned a single share of stock. Why don't you buy some, wait till you lose some money, then come back and tell us you feel good because, you know, the company pushes humanity forward.
Musk wasn't raising money for humanity sake; he was raising money to found his company and doing so he agreed to be bound by the rules that such market created. You don't like these rules? Sure go see your senator to change the rules and allow companies "moving humanity forward" to do or say whatever they want to when they are exchange listed. The problem is if that would to happen, nobody would invest a dime in such company because people don't invest their money into pushing humanity forward, but rather to multiply their hard earned cash.
And how the fuck is building rockets pushing humanity forward? We are not going to leave Earth en masse; With his behavior of "fuck Earth I will move everyone to Mars and adopt your body to live in Martian atmosphere", Musk is actually pushing humanity backwards. I recently saw someone on highway throwing away empty cigarette pack. It happens we pulled over on the same gas station I asked him about literring to what he answers "Dude, Musk throw away a car into space and you have a problem with me? why the heck should I care about some cigarette box thrown out of window".
- uxcolumbo 8y agoI have shares and you only lose money if you decide to sell the shares now - price might recover if you hold on to them and if you believe in Tesla's mission and value you might even think it's a good time to buy some more. (This is not financial advice) But like I mentioned, I said he shouldn't have tweeted that message and should have consulted with his business partners first. I think he just wasn't thinking clearly of the consequences along with his other rather eratic tweets. I blame his lack of sleep and taking stuff like ambien... I don't think he is a scammer and is all about making money. If you follow his history - he's an engineer and he wants to solve tough problems and wants to add value (see recent interview with Joe Rogan). What I would have liked to see more though is him mentioning his team and the brilliant people working at his companies. To your last point (paraphrased): > How is space technology moving humanity forward? SpaceX is about space technology and that technology can improve life here on Earth - see: http://www.esa.int/Our_Activities/Space_Engineering_Technology/TTP2/How_space_technology_improves_our_lives http://www.esa.int/Our_Activities/Space_Engineering_Technolo... https://www.nasa.gov/centers/johnson/pdf/167752main_FS_Spinoffs508c.pdf https://www.nasa.gov/centers/johnson/pdf/167752main_FS_Spino... And there is nothing wrong with trying to find or create outer space habitats. We can improve life on Earth and build rockets at the same time, i.e. we have enough resources and minds to work on all these problems. https://www.telegraph.co.uk/news/science/space/7935505/Stephen-Hawking-mankind-must-move-to-outer-space-within-a-century.html https://www.telegraph.co.uk/news/science/space/7935505/Steph... Edit: typos
- joering2 8y agoSorry but I don't believe you own stocks... this just sounds too naive, like first advice any broker will give you NOT to do is to buy and keep for the sake of it: > I have shares and you only lose money if you decide to sell the shares now Many stocks went to near zero just to get de-listed next minute. Some of these fine folks that have played marked by your advice blew their head off in the process. Never assume stock will just rebounce; to the contrary before you execute a trade set a head ceiling (in most cases) and definitely set the floor that you going to play by strictly following it. This is indeed an advice any book on trading stock market will tell you. I'm not gonna comment on the part about Musk being scammer or not. I don't want to change a subject all of sudden.
- uxcolumbo 8y agoYou're right - technically I don't own TSLA outright. I trade CFDs. I should have made that clearer - my bad. And of course you have to set your stop losses - that's just common sense, no? But TSLA is not near zero, so I'm holding the position I've got, because I believe that if Tesla can overcome this hurdle - the price will recover again, because the underlying long term value Tesla produces is immense in my opinion. And that's my point - what Elon and his companies / teams are trying to achieve is game changing and a big value add to society. And you did talk about more than one subject in your previous comment - which I've responded to.
- uxcolumbo 8y agoNice rebound today - over 16%...