Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jun 18, 2018 2:20:37 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jun 18, 2018 7:39:19 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jun 18, 2018 11:42:08 GMT -8
crickets...
Though still over 50, RSI continues to drop.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Jun 18, 2018 12:00:32 GMT -8
crickets... Though still over 50, RSI continues to drop. Just thought I'd chime in to say "hello", it looks like you could use some company today.
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Post by Luckychoices on Jun 18, 2018 12:12:06 GMT -8
OK, problems can happen with *any* product. Apple iPhones have been criticized in the past because they could be bent. Chipotle was criticized (more than once) because their customers got food poisoning. But I'm happy not to own stock of a company whose product caught on fire...with the customer inside of it. I'm not being critical of any on the board who may own TSLA shares, I'm sure this will be a only a temporary blip. But click on the link, view the fire video, and ask yourself how AAPL shares would have been affected if Apple had sold that car. Tesla goes up in flames in video captured by actor Mary McCormack Well, this shows how much I know about stock market investors...absolutely nothing. I was silly enough to think that a sudden Tesla fire last Friday, 06/15/18, would *definitely* cause at least a temporary drop in the Tesla share price this morning, 06/18/18. Au contraire. TESLA actually closed *up* 3.53% at $370.83 and is up $.21 after hours. Contrast this to the impact on AAPL's share price when Nomura Instinet analyst, Jeffrey Kvaal wrote the following WAG on the morning of 03/19/18: "Our demand checks suggest little improvement in iPhone demand in 2018. Corresponding supply chain downticks suggest iPhone expectations have yet to bottom," analyst Jeffrey Kvaal wrote in a note to clients Monday. There are "further signs of trouble at the high end of the market. … One factor that is likely suppressing the smartphone market is price. We see several indications the market elasticity is falling." On 03/19/18, AAPL opened at 177.32 and closed at 174.63, down -1.5%Now, to be fair, Tesla TSLA, responded by calling it “extraordinarily unusual occurrence,” and that it will investigate the incident to find out what happened. The company also pointed out that it is 10 times more likely for gas-powered cars to catch fire.
“Our initial investigation shows that the cabin of the vehicle was totally unaffected by the fire due to our battery architecture, which is designed to protect the cabin in the very rare event that a battery fire occurs,” a company spokesman said in a statement.
Oh, OK. Plus TSLA had a customer defending them. New York University professor, “Black Swan” author and Tesla owner, Nassim Taleb Tweeted: Proper approach: count the rate of these things for @tesla, compare to other auto-makers, & adjust by other safety statistics.
I can't believe that 18 years after Fooled by Randomness this type of bulls**t is still rampant.
Another rule: Never listen to actors except on acting.AND There are 150K-200K car fires per annum. You take one event & an emotional statement of an actress & turn it into a statement about the safety of @tesla. And this is 2018.
I am blocking any commentator who doesn't get it. In this and other similar situations. Finito.
Perhaps it was Elon Musk showing off the electric-car maker’s newest production line that made the difference. Just the same, I'm retiring from trying to anticipate what any stock will do on any particular day.
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Post by tuffett on Jun 18, 2018 16:47:05 GMT -8
Trade wars are escalating. My opinion is that it’s only a matter of time before it hits Apple, however temporary it may be. I’m scaling out of some of my position. There is also a double gap at $170 and I think it will fill at some point in time.
If I’m wrong, so be it. I’ve made enough and will still maintain a core holding of AAPL.
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