Another company slowly losing its way, but slower, is Starbucks.
Young people are flocking to the trendy mom and pop coffee houses.
Bustling Morristown NJ might be a sign of Starbucks future. In the past several years trendy mom and pop coffee houses opened up and the one SBUX location, which possibly had the best location-right on the Green, closed up this past year. 20s and 30s y,os. weren't going there anymore.
Relatives in Portland Oregon are saying the same thing is happening there.
Multiply all losses by -1 and you generate gains. Genius.
Another WeWork situation. Some charismatic CEO convinces everyone that if you put a hoodie on an old line industry it suddenly becomes a tech startup in a dorm room.
I was doing a scan for high-volatility tickers and CVNA came up at the top of the list (90.09%). The options market is currently pricing the expected move for CVNA's April 17th expiration at +/- $69. If you're looking for fat option premiums to sell, you can certainly find it there, but you have to go out to a delta ~20 to avoid getting steam rolled. I don't want to screw with it, especially that far out. The only upside is that volatility is unlikely to go up from here, but who knows.
My beef with financial media is lengthy. Always the 'number must go up, and it's a good thing' attitude.
PCE, the most important inflation measure has been rising, to 4.8% annualized last month. Barely a mention even in the WSJ, and they just quoted the much less important y-o-y at 2.9%. The Italian papers had it as top stories. WTF?
There is a new book out and available on Amazon: "Off Wall Street: How to Win at Short Selling by Betting Against the Crowd" by Mark Roberts, who publshed the well known "Sell" report on Enron in early 2001 that was discussed at the Enron hearings. The book is, among other things, a primer on short selling and equity research by a long time successful practitioner.
The term that comes to mind in describing retail investors dependent on the mainstream financial media, is "suckers". IMO, Wall Street investing has, to some degree, always mirrored a gambling exercise. If you don't understand the fundamentals and only bet based on the superficial hype, you are destined to have losses. At least Vegas doesn't have government intervention and corporate media actively rigging the game.
Yeh…pretty awkward asking tough questions of your guest when he’s the CEO of one of your networks largest advertisers…just reminiscing about CNBC and Jack Welch. What a bunch of water carriers
In the words of the esteemed philosopher Tommy Callahan, if you want me to take a dump in a box and put a guarantee on I will. I’ve got time. Don’t let an “analyst” piss on your head and tell you it’s raining. Common sense says CVNA is at best a disaster and at worst a scam. Believe your eyes.
Doesn't this problem apply fairly universally? Investors have little chance of being able to understand the complexities of even small companies. And two recent anaysts have CVNA lowered 530 to 450 (Barclays) and 535 to 455 (BTIG). Still way above the present 280.
I use them as sell or buy indicators. If they're promoting, the move has already been made and they expect you to join in and grow it a bit further. (Sell). Fear and doom are buys. There's a lot to be said for "blood in the streets" and "euphoria".
Excellent analysis. Great reminder to us all, not to believe an unbelievable story.
"But complexity was treated as brilliance, and skepticism was treated as cynicism."
Well done.☝🏼
Another company slowly losing its way, but slower, is Starbucks.
Young people are flocking to the trendy mom and pop coffee houses.
Bustling Morristown NJ might be a sign of Starbucks future. In the past several years trendy mom and pop coffee houses opened up and the one SBUX location, which possibly had the best location-right on the Green, closed up this past year. 20s and 30s y,os. weren't going there anymore.
Relatives in Portland Oregon are saying the same thing is happening there.
Multiply all losses by -1 and you generate gains. Genius.
Another WeWork situation. Some charismatic CEO convinces everyone that if you put a hoodie on an old line industry it suddenly becomes a tech startup in a dorm room.
This is why they give out Darwin Awards.
Our problem, of course, is you don’t know how long it’s gonna take for Darwin to be right.
So you can even get a Darwin Award for thinking you’re too smart to get a Darwin Award.
It gets complicated.
I was doing a scan for high-volatility tickers and CVNA came up at the top of the list (90.09%). The options market is currently pricing the expected move for CVNA's April 17th expiration at +/- $69. If you're looking for fat option premiums to sell, you can certainly find it there, but you have to go out to a delta ~20 to avoid getting steam rolled. I don't want to screw with it, especially that far out. The only upside is that volatility is unlikely to go up from here, but who knows.
My beef with financial media is lengthy. Always the 'number must go up, and it's a good thing' attitude.
PCE, the most important inflation measure has been rising, to 4.8% annualized last month. Barely a mention even in the WSJ, and they just quoted the much less important y-o-y at 2.9%. The Italian papers had it as top stories. WTF?
There is a new book out and available on Amazon: "Off Wall Street: How to Win at Short Selling by Betting Against the Crowd" by Mark Roberts, who publshed the well known "Sell" report on Enron in early 2001 that was discussed at the Enron hearings. The book is, among other things, a primer on short selling and equity research by a long time successful practitioner.
The term that comes to mind in describing retail investors dependent on the mainstream financial media, is "suckers". IMO, Wall Street investing has, to some degree, always mirrored a gambling exercise. If you don't understand the fundamentals and only bet based on the superficial hype, you are destined to have losses. At least Vegas doesn't have government intervention and corporate media actively rigging the game.
Yeh…pretty awkward asking tough questions of your guest when he’s the CEO of one of your networks largest advertisers…just reminiscing about CNBC and Jack Welch. What a bunch of water carriers
Can we apply this to Nvidia and Palantir too?
In the words of the esteemed philosopher Tommy Callahan, if you want me to take a dump in a box and put a guarantee on I will. I’ve got time. Don’t let an “analyst” piss on your head and tell you it’s raining. Common sense says CVNA is at best a disaster and at worst a scam. Believe your eyes.
Doesn't this problem apply fairly universally? Investors have little chance of being able to understand the complexities of even small companies. And two recent anaysts have CVNA lowered 530 to 450 (Barclays) and 535 to 455 (BTIG). Still way above the present 280.
My new get rich quick scheme: My wife can make hamburgers for $2.25. I'll pay her $3.00 dollars and we'll make $.75 profit on each one!
I use them as sell or buy indicators. If they're promoting, the move has already been made and they expect you to join in and grow it a bit further. (Sell). Fear and doom are buys. There's a lot to be said for "blood in the streets" and "euphoria".
If it gets back up to $400 I'll be shorting it again :).
So basically the financial media is the same as Fox with Trump
And the same as CNN with Biden/Harris. ALL of the legacy media are corrupted propagandists.
100% , at first I thought the complacent analysts interviewing corporate executives were complacent journalists interviewing politicians.
Would like this twice if I could.