3 ms·

This is going to burn a lot of shorts come monday. If you guys want a good chuckle at how wrong so many on HN were two days ago. https://news.ycombinator.com/

This is going to burn a lot of shorts come monday. If you guys want a good chuckle at how wrong so many on HN were two days ago. https://news.ycombinator.com/item?id=18088099 https://news.ycombinator.com/item?id=18088099 When it comes to musk and even facebook/google/etc, there is a toxic mix of journalists' hate and a targeted campaign by other groups ( I don't know whether it is short sellers or whatever ). It's ridiculous the amount of absurd hate musk got for a simple tweet. Some even claimed he might go to jail for it.

dwighttk 8y ago
DOJ is still investigating
- liftbigweights 8y ago
  DOJ is investigating tesla ( not elon musk though they may investigate musk in the future ) and a criminal case ( DOJ ) has a far higher bar than a civil case ( SEC ). "In a fraud case over Musk’s tweet, the SEC would only have to show that Musk was “reckless” when he tweeted about going private. The Justice Department, meanwhile, would have to prove “willfulness” — meaning that he tweeted about going private with a particular intent rather than “recklessly” dashing it off." https://finance.yahoo.com/news/heres-doj-prove-case-elon-musks-tweet-193917953.html https://finance.yahoo.com/news/heres-doj-prove-case-elon-mus... If the SEC gave Elon a slap on the wrist with such a low bar ( recklessness ), I'm guessing DOJ won't have much of a case with their high bar. I can see musk being reckless. I can't see him being involved in stock manipulation. The guy has a $20 billion net worth. But I guess we will have to wait and see.
refurb 8y ago
I’d say most HN comments were right on. When it first happened many on HN said “it’s not a big deal”, “the SEC won’t care”, “they can’t prove anything” and “they won’t ask him to step down as chairman”. And yet here we are.
- liftbigweights 8y ago
  > I’d say most HN comments were right on. What were they right about? > When it first happened many on HN said “it’s not a big deal”, “the SEC won’t care”, But you just said most HN comments were right? > “they can’t prove anything” and “they won’t ask him to step down as chairman”. Can you show me one comment that even talked about chairman? > And yet here we are. Yes here we are. Nothings changed. Musk/TSLA got a tiny fine. Gave up his chairman which doesn't really matter since he is the largest shareholder. Right now shorts are burning. Hopefully you aren't one.

dwighttk 8y ago

DOJ is still investigating

liftbigweights 8y ago
DOJ is investigating tesla ( not elon musk though they may investigate musk in the future ) and a criminal case ( DOJ ) has a far higher bar than a civil case ( SEC ). "In a fraud case over Musk’s tweet, the SEC would only have to show that Musk was “reckless” when he tweeted about going private. The Justice Department, meanwhile, would have to prove “willfulness” — meaning that he tweeted about going private with a particular intent rather than “recklessly” dashing it off." https://finance.yahoo.com/news/heres-doj-prove-case-elon-musks-tweet-193917953.html https://finance.yahoo.com/news/heres-doj-prove-case-elon-mus... If the SEC gave Elon a slap on the wrist with such a low bar ( recklessness ), I'm guessing DOJ won't have much of a case with their high bar. I can see musk being reckless. I can't see him being involved in stock manipulation. The guy has a $20 billion net worth. But I guess we will have to wait and see.

refurb 8y ago

I’d say most HN comments were right on. When it first happened many on HN said “it’s not a big deal”, “the SEC won’t care”, “they can’t prove anything” and “they won’t ask him to step down as chairman”. And yet here we are.

liftbigweights 8y ago
> I’d say most HN comments were right on. What were they right about? > When it first happened many on HN said “it’s not a big deal”, “the SEC won’t care”, But you just said most HN comments were right? > “they can’t prove anything” and “they won’t ask him to step down as chairman”. Can you show me one comment that even talked about chairman? > And yet here we are. Yes here we are. Nothings changed. Musk/TSLA got a tiny fine. Gave up his chairman which doesn't really matter since he is the largest shareholder. Right now shorts are burning. Hopefully you aren't one.