"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Originally Posted by sonatine
wow, interesting for sure. do you follow wifey? most of his shit is unreadable to me, a relative neophyte, so its just another one to browse. anyway, thanks for the post.
wow, interesting for sure. do you follow wifey? most of his shit is unreadable to me, a relative neophyte, so its just another one to browse. anyway, thanks for the post.
naw what little i know about stocks/etfs these days comes from other futures traders riffing about macro etc.
but i follow a few scam-watch accounts and one of them reposted this thread.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I told Gary to exit the stock when Elon started selling last year. He blocked me. Gary Black is a fool.
Financial Twitter is filled with nothing but frauds and cons. Winning traders don't sell newsletters, winning traders don't tweet all day. Only losing traders do that.
wow, interesting for sure. do you follow wifey? most of his shit is unreadable to me, a relative neophyte, so its just another one to browse. anyway, thanks for the post.
The biggest fraud is Peter Schiff. I started investigating him because he was attacking Bitcoin daily. It is documented that he first went bearish when it was $17.50 per Bitcoin. Anyway, I found a website that reviews brokerage firms and anyone who likes Peter Schiff should read it. The reviews are not flattering.
https://topratedfirms.com/brokers/cu...al-review.aspx
He uses his large twitter following to scam them into opening up brokerage accounts with his firm. And then he gets them to buy foreign stocks because he scares them into thinking the USD is gonna crash. Just one problem..he charges up to 5% each way on the trade. 5% buy, 5% sell. It's a scam like in that movie Boiler Room.
You’d think I was wearing an SBF Emsam patch with all this posting.
Car repossession (not proud of TheStreet.com link but it’s a good explanation).
Elon & Cathy Wood make appearances
WAIVING "open auto stipulations" for consumers.. If you have an existing auto loan that is underwater the lender will give you a new loan fully knowing you will default on your existing loan.
https://www.thestreet.com/technology...omobile-crisis
$64
Last edited by Sanlmar; 12-19-2022 at 11:47 PM.
3 years ago you could lease a BMW with a $57,000 MSRP sticker for $550/month (including taxes) for 36 months 12000 miles with $1000 down payment. Today it costs just as much to lease a $30,000 Toyota Camry.
We went from people overpaying $10,000 MSRP because of a car shortage to noone being able to afford financing one in the span of 12 months.
Tesla continues to drill. Down another 5% today.
are we buying at 136?
13 million in unrealized gains gone. Reminds me of Archie Karas running it up to 40 million before losing it all. You need no regard for money and no fear to do it. And usually that means you don't know when to quit.
https://twitter.com/jasondebolt/status/1605278051918831616
are we buying at 136?
I’ll answer this way take a look ahead to 2024 options. Snapped min.s before the close. Looks at puts and my cursor. They are telling you what it is with that price. That’s unbelievable. $95 pos if they try real hard.
I just can’t get in front of this train hoping to scalp some kind of bounce. This thing is going to $64 eventually.
The Dow is actually looking pretty decent, for instance. There ARE pockets of utter failure. 80% haircuts. I don’t need to play with losers except as shorts.
Last edited by Sanlmar; 12-20-2022 at 08:59 PM.
TESLA HAS TOLD EMPLOYEES THAT IT IS IMPLEMENTING A HIRING FREEZE AND CONFIRMED THAT ANOTHER WAVE OF LAYOFFS IS COMING NEXT QUARTER - ELECTREK
interesting because a) thats pretty bullish and b) russia is ready to hold talks on ukraine so that situation might stabilize as well, which is also bullish.
however.
china abandoning zero covid is going to get wild as fuck.
also musk's shining new philosophy of fire everyone not willing to do the work of 3 people is going to create infrastructure instability.
when facebook goes offline, you cant look at memes there or find out what your drunk aunt thinks of the drama between british royals.
when tesla goes offline, things get a lot more complicated. shout out to recent events where a bunch of proud tesla owners couldnt get their doors to unlock because of a 'network hiccup'.
oh also cathy just superlonged tesla so run for the hills on principle right there.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I cant remember if this is the thread we use for general stock observations/predictions, but I will act as it is.
Anyways, although obviously late to the party as it is already down 50%+ from all time highs, I am thinking AirBnB stock is primed to really tank in the next year. It was probably overvalued to begin with, and I think the coming recession/housing downturn will especially hit the short term rental industry in a way which we will agree was very obvious in hindsight.
As an aside, I have some personal experience with this, as I am the owner of an investment property I am currently renting out as an AirBnb, which was doing very well for 2 years, but the market has just died completely in the last 6 months. And I actually count myself as one of the "lucky" ones as I bought my place a couple years ago with a 2.5% mortgage rate, so even with the market drying up big time, I am still ok as my expenses are low.
I know a lot of people, personally and through online groups, who bought in the last year, and have much bigger relative mortgages/interest rates and are going to be in for some massive pain, which should trickle down to the prospects of the AirBnb company itself.
yeah i feel like airbnb really shot its nuts off by basically becoming more expensive than a hotel by a dramatic margin while offering a fraction of the convenience, cleanliness, and reliability, by and large.
im sure its tied to interest rates etc but imo the bullet to the head here was general belt tightening among consumers thanks to a inflation and the resultant austerity measures.
in any case im hearing a lot of people saying what youre saying; airbnb based revenue streams went from reliable to virtually non-existent, and for a lot of people negative if they were renting to cover mortgages.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Actually the big expense that makes it more expensive than a hotel is cleaning. Airbnb takes some out, but it actually isn’t that much. Depending on market, size of house, etc. the cost for professional cleaners to come in between guests is anywhere from $125-$300. In a tight market like this if you only have a couple places and are local and can clean yourself, you can slash prices and have a leg up. But most people like me don’t have the option, so we have to hire cleaners which makes it much more expensive than a hotel, which can charge way less for cleaning because of how they are set up and scaled.
Actually the big expense that makes it more expensive than a hotel is cleaning. Airbnb takes some out, but it actually isn’t that much. Depending on market, size of house, etc. the cost for professional cleaners to come in between guests is anywhere from $125-$300. In a tight market like this if you only have a couple places and are local and can clean yourself, you can slash prices and have a leg up. But most people like me don’t have the option, so we have to hire cleaners which makes it much more expensive than a hotel, which can charge way less for cleaning because of how they are set up and scaled.
ok cool but cleaning costs have not gone up and people are charging $300 cleaning fees for a bachelor studio / no kitchen and $50 goes to the cleaners and $250 goes to their plug.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
like people went from simply including the expected cleaning fees to double dipping on them after multiplying them by 3 because everyone bought the top of the airbnb mania phase.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I dont know about your market, but you aren't finding any dependable cleaning crews in the market I am in for $50.
ok cool but cleaning costs have not gone up and people are charging $300 cleaning fees for a bachelor studio / no kitchen and $50 goes to the cleaners and $250 goes to their plug.
Anyways, for a couple years hosts (including myself) were "overcharging" because people were willing to pay it. And now the novelty has worn off, the govt aint handing out free $$ like it was, and a lot of people are perfectly fine going back to paying $150/night for a motel room instead of $400/night to rent a 2 BR house (with extremely variably quality) for a night. It is what it is.
In hindsight I think it is obvious the company was way too aggressive allowing people to host that had no business, and that has ruined the quality of the product for a lot of potential customers. But apparently most of the founders cashed out when the stock was much higher than it is now, so from their perspective things worked out just fine.
Last edited by Kalam; 12-21-2022 at 06:52 PM.
bro.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
This is brutal. I loaded a significant sum (for me at least) into my brokerage account to buy some AirBnb puts, but it takes a couple days for the money to be available for options, and meanwhile while I am waiting for that to happen the stock has dropped 5%.
Sigh.
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