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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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DaFace 04:17 PM 09-27-2018
Originally Posted by Buehler445:
Man I’ve apparently paid zero attention. So the SEC dinged him for not disclosing shareholder activity?

I didn’t think the SEC filed lawsuits. I thought they levied criminal charges.

RE: Musk. Yeah. I watched him on the Joe Rogan Podcasr and he looked and sounded like he’ll.
Oh. No. I assumed you'd heard about him being an idiot' He tweeted this a while back:

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018



He, in fact, did not have funding secured. So they're going after him for misleading shareholders.
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Rain Man 04:17 PM 09-27-2018
Did Elon Musk just sign with the Panthers?

Edit: Oh, sure. Delete the erroneous quotes and make me look like a fool.
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eDave 04:28 PM 09-27-2018
What a shame. Take Tesla away from him but leave him SpaceX.
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Buehler445 04:30 PM 09-27-2018
Originally Posted by DaFace:
Oh. No. I assumed you'd heard about him being an idiot' He tweeted this a while back:




He, in fact, did not have funding secured. So they're going after him for misleading shareholders.
Oh. Thanks. For some damn reason I thought it was already done. I am obviously the dumbest bastard that ever lived.

That will set an interesting precedent if the SEC wins the suit.

CEOs personal social media acts as a formal company communication? That’s .... rough man. I pretty much agree in this specific instance, but still that’s an interesting precedent. So if Satya Nadella posts a picture of him eating an apple for breakfast can the SEC say he intended to show that they are taking over apple and when they don’t SEC can tune him up?

Like I said, I think In this case I agree, but it’s a precedent that could get freaking weird man.

Fucking Twitter. LOL
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ChiliConCarnage 04:30 PM 09-27-2018
Originally Posted by DaFace:
Honestly, that might not be the worst thing in the world. The dude clearly needs to step back a bit and get some sleep.
Yeah, it seems like he's burned out and become pretty erratic. It's too bad he didn't have a board that would've forced him to bring in help with operations.

Buehler - I think criminal cases get referred over to the DOJ. The SEC is civil cases*

edit: wanted to add. I imagine that's on purpose because it's easier to win civil cases? Finance, insider trading and intent is hard enough to prove already
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Buehler445 04:32 PM 09-27-2018
Originally Posted by ChiliConCarnage:
Yeah, it seems like he's burned out and become pretty erratic. It's too bad he didn't have a board that would've forced him to bring in help with operations.

Buehler - I think criminal cases get referred over to the DOJ. The SEC is civil cases
Right on. I was all the way wrong on that.
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DaFace 04:51 PM 09-29-2018
Guess he changed his mind. Musk steps down as chairman (but will stay on as CEO) and pays a $20 million fine. Tesla pays another $20m and will appoint two new independent directors. Board committee will also be formed to oversee his communications.

https://money.cnn.com/2018/09/29/tec...ent/index.html

Again, this might be for the best, so even as a fan of his, I'm fine with it.
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Buehler445 04:57 PM 09-29-2018
Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
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DaFace 05:00 PM 09-29-2018
Originally Posted by Buehler445:
Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
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Buehler445 05:04 PM 09-29-2018
Originally Posted by DaFace:
To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
No, that math only works if someone has a $50K net worth.

Your point is taken. But I’m sure it’s still a shit check to write because you’re too undisciplined to operate Twitter.
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DaFace 05:55 PM 09-29-2018
Originally Posted by Buehler445:
No, that math only works if someone has a $50K net worth.

Your point is taken. But I’m sure it’s still a shit check to write because you’re too undisciplined to operate Twitter.
Ha. Fair point. Still, it's not that much for a guy like him.
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ChiliConCarnage 06:49 PM 09-29-2018
Originally Posted by Buehler445:
Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
It's going to cost him way more than that.. this is just the government. Damaged investors and their vampire like lawyers will be on this for years.

He's not that liquid wealthy, Daface. He's fairly levered into his Tesla ownership by all accounts. Dunno, what 20 million does but there is a reason he's far more worried about short sellers than most execs. He could be margin called if Tesla drops to the low 200s from what I've read. If I were an investor I'd think it was pretty neat an executive was willing to risk so much. Dudes all in to some extent
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ChiliConCarnage 05:14 AM 09-30-2018
https://www.wsj.com/articles/stock-p...ain-1538218801

Originally Posted by :
But in the race for returns in the past year, passively managed funds won again: Just 36% of actively managed U.S. stock funds outperformed index mutual funds and exchange-traded funds in the year ended June 30, according to data compiled by research firm Morningstar Inc. That is down from the 43% that did so in 2017.
Not shocking news :-)
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ChiliConCarnage 06:54 AM 09-30-2018


That's some pretty big sector rotation out of financials last week. Banks got a rate increase and it sounds like they'll get another one in Dec. barring the world falling apart. Might be some bargains

also, it's covered up in this screenshot but GE down another 7+%. That thing seems to have no bottom. The stock price has fallen so much I think the dividend yield is about back to where it was before they cut it. 4 and a quarter
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Rain Man 03:50 PM 10-03-2018
Sometimes when I go to check the stock market performance for the day, I have an idle dream that I'll log on to discover that the market is up 75,000 points and I'm suddenly rich. Like, someone invented faster than light travel or something and the market is reacting. Does anyone else ever have those thoughts when you're about to check?
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