“It’s Not A Big Deal, U Guise, Elon is Just Being Elon.”

"PatBateman" (PatBateman) 09/18/2018 at 11:52 • Filed to: Elon Musk, Twitter, Billionaire Problems

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I look at TSLA’s price on my desktop station. It’s up almost 2%. I roll my eyes. Less than a minute later, my phone goes off with this alert, and BAM the stock is down almost 3% (now over 4% down). The lesson here:

IF YOU’RE A CEO OF A PUBLICLY TRADED COMPANY, SEND ALL OF YOUR TWEETS TO BE VETTED/APPROVED BY YOUR LEGAL DEPARTMENT FIRST.

Tesla stock drops on report company faces US criminal probe over Musk’s take-private tweets

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Wacko > PatBateman 09/18/2018 at 11:55

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does that mean the value of the american dollar will go down with this new Mushroom trump news.

The Dummy Gummy > PatBateman 09/18/2018 at 12:06

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I can’t get over how high Tesla holders risk tolerance is. I understand if you got in super low and just want to ride it out, but even so I would have bailed.

Tesla has such strong headwinds in the future, I can’t fathom holding into it above $ 225 and even then I’d take a strong look at other solvent companies first .

PatBateman > The Dummy Gummy 09/18/2018 at 12:15

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I would make an educated guess and say that most do-it-yourself investors that have purchased TSLA actually have absolutely no concept of what investment risk tolerance is.

I make this statement from experience. 

TahoeSTi > Wacko 09/18/2018 at 12:15

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Trump doesn’t really run the country, he just signs documents from the people who do run the country.....that and is a general blow hard about anything and everything else.

So don’t forget to Vote in Nov for the people who do run our country. 

PatBateman > Wacko 09/18/2018 at 12:16

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It means that the indices are up either 2/3% or over 1%. 

For Sweden > PatBateman 09/18/2018 at 12:21

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but THe KIdS lovE ThE SOciaL meDIa AND tHE MemES PAt

DipodomysDeserti > Wacko 09/18/2018 at 12:23

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I like how everyone missed your “Trump has a weird mushroom dick” joke.

PatBateman > For Sweden 09/18/2018 at 12:29

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You’re right. I’m such “ an old” for thinking that antiquated SEC rules apply to Musk. He’s an innovator! A  disruptor!!  Don’t try to apply those stupid Boomer rules on Elon!!

For Sweden > PatBateman 09/18/2018 at 12:30

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The SEC is overrated. Ohio State will beat ‘ Bama in the p layoffs this year.

PatBateman > For Sweden 09/18/2018 at 12:34

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I’m more of a Big XII fan myself, but I agree with you on the SEC.

We should blame this investigation on Nick Saban. 

interstate366, now In The Industry > For Sweden 09/18/2018 at 12:41

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relevant

Textured Soy Protein > PatBateman 09/18/2018 at 12:52

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Wow 35% battery at 10:45 am, impressive.

Wacko > TahoeSTi 09/18/2018 at 13:04

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i’m voting October 1st, but here in quebec canada.

Wacko > DipodomysDeserti 09/18/2018 at 13:05

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i didn’t want to stick it out like that.

Wacko > Textured Soy Protein 09/18/2018 at 13:07

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that’s what happens when this is the news of the day

My bird IS the word > PatBateman 09/18/2018 at 13:18

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No P at. The real lesson is to remember your ABCs: Always Buy Boring Companies

B ut you know, not T he B oring C ompany. T hat’s different.

PatBateman > Textured Soy Protein 09/18/2018 at 14:44

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My day starts at 4 am. 

PatBateman > My bird IS the word 09/18/2018 at 14:45

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The “ABBC”s.  Sounds like a stutter. 

Textured Soy Protein > PatBateman 09/18/2018 at 15:20

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That sounds terrible.

PatBateman > Textured Soy Protein 09/18/2018 at 19:24

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Gym lyfe.

gmporschenut also a fan of hondas > PatBateman 09/18/2018 at 21:32

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Ok, keep in mind I only have a crude understanding of the whole options market .

I’m curious when folks short a stock , does the stock they are buying the option for, know? and how long are the terms that they have the “give” the stock back? 

My bird IS the word > PatBateman 09/19/2018 at 00:04

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Nobody ever said you had to be smart to invest. lol.

PatBateman > gmporschenut also a fan of hondas 09/19/2018 at 05:31

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All of that depends on the type of short you’re talking about. True short-selling is borrowing someone else’s stock (who has declared that they aren’t selling the stock no matter what), selling it, waiting for the stock to go lower, then buying the stock, giving the stock back to the owner, and pocketing the leftover money (after fees and what not). Those agreements usually have stipulations as to when the stocks have to be given back to the rightful owner.

Another way to “short” a stock is to use options contracts. Those are really complicated to explain (and are usually a big reason why people fail their Stockbroker license test, known as the Series 7 test), but there are ways to short a stock that literally give a person UNLIMITED LIABILITY, which means they can invest $1,000 and lose infinity dollars.  That’s unlikely, but technically possible. 

PatBateman > Textured Soy Protein 09/19/2018 at 05:32

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Also, I submit this comment as proof.