I have to be honest, as someone who is not fully immersed in the financial markets, the chart pattern reading kinda strikes me as astrology for guys in suits.
I feel this deep in my bones
astrology for guys in suits
Naw they already made that, it’s called the “Myers-Briggs Type Indicator”.
To a large extent it is, the major difference being that when people take actions based of these signs, it influences which way the chart goes next, unlike the planets, which do not care the slightest what people do based on their actions. Thus you can end up making a lot of money if your actions are 1) correctly anticipating subsequent actions by other people and 2) sufficiently in advance of other actions. Which makes inside trading and pump-and-dump schemes great ways to get filthy rich, if you find yourself in a position to be able to pull that off. Or if you are lucky. Or if you have made a name for yourself and everyone else just assume you know what you are doing and follows (Warren Buffet comes to mind).
That makes sense. Essentially, there are things that are influenced by perception and those that are immune to perception.
Yes, and by the sheer existence of the concept of a “death cross”, and now that it has happened for the Tesla stock, people will act as if whatever a “death cross” predicts will come to pass. So even though there was some correlation before someone formulated it as a concept, now the response will be different because people will act on it. If enough people believes it, it will probably just accelerate the process as they will seek to sell off before the downturn, pushing the prices down. Which is the way the Tesla stock should go, so I am all for this cross of death.
100% totally is.
I would like to remind everyone, as people seem to keep forgetting, Tesla means nothing to Elon. It could go to zero and it wouldn’t affect him.
Twitter, or X, means nothing to Elon. It could collapse and shut down and it wouldn’t affect him.
SpaceX is his baby. Nothing even comes close. Starlink alone guarantees he will always be one of the richest men in the world.
That’s a testable hypothesis: burn Tesla, Twitter, SpaceX etc to the ground. We can measure his reaction to each, and compare.
No, he cares for Twitter.
SpaceX lets him pretend he’s some great tech genius, but Twitter is what gives him the validation he craves. All the pro-Elon bots and stans there who fellate him feed his narcissistic desire to be loved.
That’s why he “sold” Twitter to xAI. So if Tesla does tank hard enough and he gets margin called, he can’t be forced to sell Twitter to cover it.
he can’t be forced to sell Twitter to cover it
realistically, if that were to happen, any other company interested in an acquisition would have valued it pennies on the dollar
It could go to zero and it wouldn’t affect him.
He leveraged his Tesla stock to buy Twitter. If the stock drops below a certain price, the banks will confiscate the stock. If it’s not enough to cover, they’ll confiscate Twitter.
But maybe I’m wrong. I would love to find out either way.
I hear what you are saying, but I still like to see Nazis hurt.
Let’s make Tesla a penny stock.
Yup, this is why we need to either nationalize Starlink or just shut it down completely. This isn’t something a single private company should have control of.
One at a time. Patience is a virtue
"…the dreaded “death cross,” a historical indicator of a likely downturn for the company.
"Business Insider called out the event, which has been hitting the stock indexes of some major players over the last couple of weeks as tariff trouble has hit just about everyone. Tesla is just the latest to see the symbol of bearishness, which occurs when a company’s 50-day moving average crosses and drops below the 200-day average.x
Anything new mentioned in this article?
:)
