PIMPING STOCKS

[Patler]

Tesla is a battery company IMO ...

What makes you think that? What battery technology does Tesla have? What battery technology has Tesla developed? Tesla uses Panasonic cells.

[call_me_ishmael]

What makes you think that? What battery technology does Tesla have? What battery technology has Tesla developed? Tesla uses Panasonic cells.

Batteries are their business. I believe that they will extend far beyond cars. I think the solar roof and wall battery are just the beginning.

I also don't think GM or Toyota or any of those car companies can compete with the software that Tesla will produce. They don't have the engineering talent.

[Patler]

Batteries are their business. I believe that they will extend far beyond cars. I think the solar roof and wall battery are just the beginning.

I also don't think GM or Toyota or any of those car companies can compete with the software that Tesla will produce. They don't have the engineering talent.

They may sell things that use batteries, but that doesn't make them a battery company anymore than Seiko, Mattel or any other seller of goods that use batteries. Musk is an opportunist, always has been, and I mean that in a good way. He has recognized opportunities others downplayed and has acquired the technology and people necessary to advance them.

You do know that Musk did not start Tesla, don't you?

[oldbutnotdeadyet]

Batteries are their business. I believe that they will extend far beyond cars. I think the solar roof and wall battery are just the beginning.

I also don't think GM or Toyota or any of those car companies can compete with the software that Tesla will produce. They don't have the engineering talent.

Those companies do not have the software talent? Seriously?

[oldbutnotdeadyet]

Well, not sure I agree there is still money to be made in TSLA, but if that is what you believe, invest in TSLA, that is the American way..

[call_me_ishmael]

They may sell things that use batteries, but that doesn't make them a battery company anymore than Seiko, Mattel or any other seller of goods that use batteries. Musk is an opportunist, always has been, and I mean that in a good way. He has recognized opportunities others downplayed and has acquired the technology and people necessary to advance them.

You do know that Musk did not start Tesla, don't you?

Of course I do Patler. I recall you ripping on me for AAPL and TSLA and I went on to make a killing on 'em. You know know that, don't you?

Yes, I do feel that GM and Ford, etc do not have top tech talent. Where are they getting it? Look at the salaries they pay. How would they get top tech talent at the prices they pay? Who that is good enough that they can work anywhere would choose to work at GM for 250K when they could go get 1M or more at other places? Check out levels.fyi and compare say... Cruise or Telsa or something to Ford or GM. Stark differences.

I don't personally own very much TSLA anymore. I diversified near the top. I think I have 40K or so left. Took a 30K investment into several hundred thousand dollars though. 28x returns from initial investment but I cut my TSLA holdings in half several times during the rise so I didn't actually net the total 28x.

[Patler]

Of course I do Patler. I recall you ripping on me for AAPL and TSLA and I went on to make a killing on 'em. You know know that, don't you?

Yes, I do feel that GM and Ford, etc do not have top tech talent. Where are they getting it? Look at the salaries they pay. How would they get top tech talent at the prices they pay? Who that is good enough that they can work anywhere would choose to work at GM for 250K when they could go get 1M or more at other places? Check out levels.fyi and compare say... Cruise or Telsa or something to Ford or GM. Stark differences.

I don't personally own very much TSLA anymore. I diversified near the top. I think I have 40K or so left. Took a 30K investment into several hundred thousand dollars though. 28x returns from initial investment but I cut my TSLA holdings in half several times during the rise so I didn't actually net the total 28x.

I doubt I ripped on you for owning either AAPL or TSLA; but, I do recall questioning your analyses on both.

I have owned AAPL, I believe continuously, since at least 2010; and for significant time frames it has been my largest individual stock position. I take profits from time to time, as I did twice this year; and buy again when I think the time is right. I still own some, but it is now a smaller position than many other stocks I own. Depending on what happens, I will probably buy more at some point. AAPL stock has been very, very good to me, and my retirement.

I owned TSLA once for a short time and got out. I have never regretted not owning it, no matter what it does. I will never knowingly own the stock of a company whose leading executive makes false statements and promises he and the company doesn't come close to meeting. Personally, I don't feel I can rely on any statement Musk makes. Most often, executives who do things and say things like Musk has are quickly shown the door, and/or drag their companies down with them. TSLA has benefitted from a lot of unique situations, and Musk has been given free pass after free pass. But again, I don't regret not owning TSLA, just as I don't regret not owning crypto.

Through stupid dumb luck, I have made a lot of money on companies for the wrong reasons. I bought them for one reason, but the stock went up for totally other reasons. I happily took my profits, but never felt too proud about it because my analyses were flawed. Mostly, I try to make steady gains from companies I understand well doing things I expected them to do. Doing that I have managed to provide a good living for Mrs. Patler and myself in our retirement.

I spent almost 50 years dealing with engineers all over the world. There are lots of good ones in every company I have ever dealt with, (and some bad ones too). I spent nearly 20 years dealing indirectly with GM, Ford and Toyota. Much of their "engineering" came from outside sources who responded to the car company need with proposed solutions. Many of these outside companies have outstanding engineers. Tesla did a similar thing by partnering with Panasonic for battery technology.

In my opinion, thinking any company can corner the market on engineers is flawed. There are plenty of good ones if a company wants to hire them. However, some companies don't emphasize engineering as much as others. Tesla itself has gone through several engineering drains when they lost a lot of engineering talent, including lead designers, directors and vice-presidents.

[call_me_ishmael]

I agree with all of the above, but you did rip on me

[Bretsky]

OK PECKERS

What ya'll buying ?

Call me ishmael.............still own that Coinbase ?

[call_me_ishmael]

Still own, yeah. I am long on all those things. I would buy a shit load of Amazon now. I should really do that as I am sitting on a lot of cash.

[Bretsky]

I think Amazon is a great buy as well

[call_me_ishmael]

What are peeps buying these days? I just bought some PYPL and PLTR.

[Bretsky]

What are peeps buying these days? I just bought some PYPL and PLTR.

I think both of those are nice buys. About 18 months ago I bought NVDA, AMZN, and GOOG.

The latter two have did already, but NVDA has expoded.

I've actually been considering TSLA as well; what are your thoughts at this price point ?

I've been pondering adding to NVDA, AMZN, and GOOG also. Just wish I had more funds

[call_me_ishmael]

I bought 50% amazon, 50% palantir, sofi, and paypal. I am swinging for the home run right now in this crap economy.

I get ~40K of square stock on Monday. The question is should I keep or sell it.

[Bretsky]

I bought and still hold Square stock; I think it will be a winner long term