Again we are not not talking about betting against. We are talking about a correction.Even better, Sell as many Calls as possibly, you'll be a billionaire in no time
People have been shorting and hating on Musk all year, they've all been crushed, he's an Alien, don't bet against an Alien!!
Elon Musk now the richest in the world this morning
- Thread starter jl1575
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Wait for Said Correction and buy Calls, Puts or Selling Calls are counter trend, to many have screwed this up.
The UK was using TV's which the price of was falling to keep inflation down, which is fair cause I sometimes buy 2 TV's a week LOL
Official UK inflation is 2.8% since 2000. About 75% compounded.
This isnt far off from what i am seeing in my cost living.
However house prices and stock prices have far exceeded 75%.
Which sucks if you want to buy a house, although interest rates are much lower so if you are buying with a mortgage your monthly payments are probably inline with inflation as well.
eg. If the mortgage payment on my house was £1000 a month in 2000 it might be £2000 for someone who bought it today, even though the house has gone up 400% in value. But they would need a 400% bigger deposit, hard to get away from that one unless its zero % down mortgage but those are rare these days.
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Last few years everything seems more than 2.8% inflated, do my shopping at Aldi these days rather than Sainsbury's economizing.
Mortgages are cheap till they put interest rates up, then house price crash as everyone gets evicted, but been saying that for 15years no rise, I remeber 4% base, 6% all in 21 years back when I bought this cheap 37k house, hit 120k since, no idea on current value some say 80k some say 130k so??? Don't care!
Oh man, inflation really has pushed you into property if you are now food shopping at Aldi, that is where the benefit claiming underclass (trailer trash) go to do their shopping, lol.
Im just joking, its good to be frugal
Oh man, inflation really has pushed you into property if you are now food shopping at Aldi, that is where the benefit claiming underclass (trailer trash) go to do their shopping, lol.
Im just joking, its good to be frugal
More Lockdowns and 25years as a IT Consultant is well gone, SKINT, trying to live off full time day trader and we all know how great that goes.
25p for a pack of ginger nuts, they just taste better cause there pretty much free and can by 4 packs for the price at 1 at Tesco's
More Lockdowns and 25years as a IT Consultant is well gone, SKINT, trying to live off full time day trader and we all know how great that goes.
I feel your pain.
College friend lived with parents for 20 years after college as an IT contractor saved £2 million after tax with no expenses as he was living at home.
He did eventually move out. But he will get the £600K house soon anyway as well as he is an only child.
Rest of us not so fortunate and have to deal with real world living expenses that eat more and more of our income every year.
Wish I'd of stayed at home, left when I was 28, barely there chasing skirt around the country, climbing mountains, having fun £20 per week, had a nice car these days just bills and bills
Mates boss, lost a tatty tesco's bag in there house somewhere, it had £40K in it, just lying around in a old tesco's 20p bag, wtf, lucky bastards, found it obviously.
Elon Musk makes other people rich too!
https://www.cnbc.com/2021/01/08/elo...p-signal-advance-stock-jumps-1100percent.html
https://www.cnbc.com/2021/01/08/elo...p-signal-advance-stock-jumps-1100percent.html
Elon Musk told his followers to ‘use Signal,’ leading to 1,100% surge in unrelated stock with similar name
PUBLISHED FRI, JAN 8 20215:16 PM ESTUPDATED FRI, JAN 8 20216:05 PM EST
Jordan Novet@JORDANNOVET
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KEY POINTS
- The Signal app has nothing to do with a small company, Signal Advance, whose stock price multiplied 12-fold in two days.
- Elon Musk suggested that his followers use the messaging app, but some people bought the unrelated stock.
- Similar things have happened in the past to companies that have names similar to Zoom Video and Twitter.
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020.
Patrick Pleul | picture alliance | Getty Images
When Tesla CEO Elon Musk urged his Twitter followers on Thursday to “use Signal,” he meant the encrypted messaging app. Some people appear to have taken it the wrong way.
Shares of an obscure and unrelated company called Signal Advance, which trades over the counter, surged 527% on Thursday and another 91% on Friday, climbing from 60 cents to $7.19.
The Signal that Musk was referring to is operated by a nonprofit and serves as an alternative to texting apps like Facebook Messenger, WhatsApp and Apple’s messaging service. That Signal took to Twitter on Friday to clarify that it has nothing to do with Signal Advance.
“It’s understandable that people want to invest in Signal’s record growth, but this isn’t us,” Signal wrote. “We’re an independent 501c3 and our only investment is in your privacy.”
It’s a familiar issue on Wall Street.
In April 2019, on the day Zoom Video Communications held its hotly anticipated market debut under the ticker symbol ZM, a Chinese company named Zoom Technologies jumped more than 80% in two hours of trading. The stock gave up most of those gains that day, closing up 10%.
Six years earlier, as investors were waiting for Twitter’s IPO, shares of Tweeter Home Entertainment Group rose more than 1,000%.
Signal Advance was founded in Texas under the name Biodyne in 1992 and provided services to medical and legal workers. The company shifted its focus to using technology in health care and changed its name to Signal Advance. The thinly traded stock hit the market in 2014.
Signal Advance is so small that it doesn’t report financials with the SEC. As of March 2019, it had no full-time employees other than CEO Chris Hymel, who did not immediately respond to a request for comment.
Because of the swarm of unintended investor interest, the company now has a market cap of $660 million, up from $55 million two days ago. Prior to Thursday, the stock had traded under $1 since 2015.
The Signal messaging app, backed by the Signal Technology Foundation, “runs entirely on donations,” according to a New Yorker article published in October.
The group had other concerns following Musk’s tweet to his more than 41 million followers. Signal said Thursday that there were technical issues with verifications because “so many new people are trying to join.”
Both the technical snafu and the wild trading of an unrelated stock underscore Musk’s growing influence. On Thursday, he became the world’s richest person thanks to Tesla’s almost 800% increase in market cap over the past year. On Friday, Tesla became the fifth most valuable public company in the U.S., surpassing Facebook.