"Once more unto the breach, dear friends, once more;
Or close the wall up with our English dead."
"They" who rig this market need to show us their power or I do think 2000 will fall. All I can think is payroll report Friday and it doesn't look good so far.
Jim Chanos the legendary unicorn slayer, who isn't in the habit of being wrong, just took the punch bowl away from Elon Musk. Major short positions in Elon's two publicly traded companies. He better have a real spellbinder of a new product story tonight at his earnings call.
Trades with cats wrote:Jim Chanos the legendary unicorn slayer, who isn't in the habit of being wrong, just took the punch bowl away from Elon Musk. Major short positions in Elon's two publicly traded companies. He better have a real spellbinder of a new product story tonight at his earnings call.
false breakdown as usual, possible 3 push down, the low for today might be in.
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Elon Musk doesn't get it Jeff Bezos does. Elon is still operating on a growth at any price and an "I am Steve Jobs, I am right" management style. Either he can't hire or he has made an impossible mess out of things. Well he has to gear up to go head to head with GM (yes they are retooling the Volt and ready to ramp) and he can't even get a low volume car out the door reliably. Orange County soccer moms won't put up with door handles falling off and sun roofs leaking.
Amazon has slowed down growth to show the street they can make money. Musk doesn't have that option so he has to prove that he can make it happen on schedule, something he has never done. Chanos has the numbers on his side and pure story stocks are going out of favor making Elon a charming house guest who has overstayed his welcome.