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Old 12-16-2020, 05:55 PM
 
Location: az
13,722 posts, read 7,992,868 times
Reputation: 9394

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Quote:
Originally Posted by mathjak107 View Post
All I know is no one looks out for me , except me ...I earn my living from the markets supporting us ...

At the end of the day I am responsible for my own financial health ....what ever cards are dealt I will play those cards as best I can .. I don’t make the rules or the playing field , I just play them the best I can ...Wall Street has been great for me over decades of time

Maybe not for you ....

This^^^
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Old 12-16-2020, 06:11 PM
 
3,786 posts, read 5,327,781 times
Reputation: 6269
Quote:
Originally Posted by platon20 View Post
If I lose my 80k job due to layoffs from a big company, I'm not going to get much reassurance that my stock portfolio went up by 5 or 10%
If a company lays off 5% of the work force to keep 95% of the work force working, that could be considered a good thing as opposed to keeping everyone working until bankruptcy and then laying off 100%.

As a stock holder, do you want companies to lay off 5% of the labor force to stay in business and save your investment, or to go bankrupt so that you lose your entire investment?

If you truly are a stock investor, you should learn to see things from the management point of view in addition to the labor point of view.

As far as Wall Street analyst projections versus those of a company's, that is another level of protection for us shareholders who cannot examine the company's books ourselves. If Apple's upper level management is making pie-in-the-sky projections through a herbal haze, I would want an independent check on that. And if Wall Street analysts come up with a lower projection so that the stock price gets hammered, that is a good thing. You should see investing as being a part owner of successful companies that can help build your wealth over the long term, not as a gambling casino.

Last edited by Teak; 12-16-2020 at 06:22 PM..
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Old 12-16-2020, 06:29 PM
 
10,864 posts, read 6,478,124 times
Reputation: 7959
These companies may not be making big profit if they keep the workforce intact.
When using Indian IT workers is in vogue,IBM said Me too,IT SAID we cant compete if we do not.
I remember when PC was popular but many PC owners have problem.they are not going to pay American $80/hour so manufacturers like Dell,HP would charge $35 if warrnty expired for y ou t o call India toll free and they will stay on the line as long as it takes,consult someone in the background who knows more,come back free if it is still not working.
And Americans still think it is too expensive and start filing chargeback with their cc issuer.
$35 all you can eat problem solving,where can y o get that in USA>
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Old 12-16-2020, 06:31 PM
 
10,864 posts, read 6,478,124 times
Reputation: 7959
Another example is roof repair/replacement,
After Hurricanes,many of our roofs need to be replaced,15 years old,insurance would not pay 100% but the roof companies could quote you a price so the insurance money is enough to pay for a new roof,how do they do that?
Immigrant workers,some are not even immigrants,could be ******* and they are paid $xx for whole day,may be $50-$75
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Old 12-16-2020, 06:33 PM
 
10,864 posts, read 6,478,124 times
Reputation: 7959
Quote:
Originally Posted by Teak View Post
If a company lays off 5% of the work force to keep 95% of the work force working, that could be considered a good thing as opposed to keeping everyone working until bankruptcy and then laying off 100%.

As a stock holder, do you want companies to lay off 5% of the labor force to stay in business and save your investment, or to go bankrupt so that you lose your entire investment?

If you truly are a stock investor, you should learn to see things from the management point of view in addition to the labor point of view.

As far as Wall Street analyst projections versus those of a company's, that is another level of protection for us shareholders who cannot examine the company's books ourselves. If Apple's upper level management is making pie-in-the-sky projections through a herbal haze, I would want an independent check on that. And if Wall Street analysts come up with a lower projection so that the stock price gets hammered, that is a good thing. You should see investing as being a part owner of successful companies that can help build your wealth over the long term, not as a gambling casino.
Is that why we hear numbers like $1800-6000 for TSLA??
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Old 12-16-2020, 06:41 PM
 
3,786 posts, read 5,327,781 times
Reputation: 6269
Quote:
Originally Posted by mojo101 View Post
Is that why we hear numbers like $1800-6000 for TSLA??
The price of TSLA shares at this time is following, I believe, what is called The Greater Fool theory. One believes that TSLA is worth $622/share today because there is a greater fool out there willing to pay $630/share tomorrow. The price keeps running up until there are no more greater fools available.

https://www.investopedia.com/terms/g...higher%20price.

If you are referring to the herbal haze quote, I don't believe that Mr. Musk is driving the share price upwards.
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Old 12-16-2020, 06:52 PM
 
19,784 posts, read 18,079,394 times
Reputation: 17278
Quote:
Originally Posted by Teak View Post
The price of TSLA shares at this time is following, I believe, what is called The Greater Fool theory. One believes that TSLA is worth $622/share today because there is a greater fool out there willing to pay $630/share tomorrow. The price keeps running up until there are no more greater fools available.

https://www.investopedia.com/terms/g...higher%20price.

If you are referring to the herbal haze quote, I don't believe that Mr. Musk is driving the share price upwards.
Another way to think of Tesla is that it is the only rational and big play into the solar space at any level of both scale and comfort. There's a little bit of Howard Hughes in Elon Musk with little of the overt crazy.
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Old 12-16-2020, 07:10 PM
 
377 posts, read 382,506 times
Reputation: 1063
Quote:
Originally Posted by Mircea View Post
Do you realize that 97% of US businesses are not publicly-traded corporations?

Do you also realize that of the 3% that are, they only employ 5.6% of the work-force?

The word for today is "Perspective."

Go view it.
Sorry but that's not true. The number fluctuates from year to year but is around 30-40% not anywhere close to 5.6%

https://www.nber.org/digest/apr07/ch...iness%20sector.

https://www.marketwatch.com/story/th...20and%20Nasdaq.

https://taxfoundation.org/less-one-p...tor-workforce/

https://www.nysscpa.org/news/publica...ll-ones-040717
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Old 12-16-2020, 07:12 PM
 
377 posts, read 382,506 times
Reputation: 1063
Quote:
Originally Posted by Teak View Post
If a company lays off 5% of the work force to keep 95% of the work force working, that could be considered a good thing as opposed to keeping everyone working until bankruptcy and then laying off 100%.

As a stock holder, do you want companies to lay off 5% of the labor force to stay in business and save your investment, or to go bankrupt so that you lose your entire investment?

If you truly are a stock investor, you should learn to see things from the management point of view in addition to the labor point of view.

As far as Wall Street analyst projections versus those of a company's, that is another level of protection for us shareholders who cannot examine the company's books ourselves. If Apple's upper level management is making pie-in-the-sky projections through a herbal haze, I would want an independent check on that. And if Wall Street analysts come up with a lower projection so that the stock price gets hammered, that is a good thing. You should see investing as being a part owner of successful companies that can help build your wealth over the long term, not as a gambling casino.

Did you read the Wash Post article I linked? These companies doing layoffs are making RECORD profits. They are not struggling at all.

None of these conpanies are anywhere close to going bankrupt.
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Old 12-16-2020, 07:27 PM
 
10,864 posts, read 6,478,124 times
Reputation: 7959
Quote:
Originally Posted by EDS_ View Post
Another way to think of Tesla is that it is the only rational and big play into the solar space at any level of both scale and comfort. There's a little bit of Howard Hughes in Elon Musk with little of the overt crazy.
But any trained security analysts should know better,solar is a speck in top and bottom line so far,but TSLA cult fans dont care,like previous post said,buy it and it will go up,it turns out to be true .
There are talks among traders who loathe Elon,that after joining SP500,TSLA has seen its high.
Unless he folds SPACE X into Tsla or come thru with the million mile battery.
Never have I seen such cult following,not Ebay,not Yahoo,not MSft,remember Netscape ,Lotus 1-2-3?
But it is a fact many have become millionaires and bought theur TSLA car with their gains
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