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BSR (Member Profile)

Why I’m ALL-IN On Tesla Stock

StukaFox says...

Bob, please read this carefully. I know we fuck around a lot here, but I 100% honestly don't want to see you get hurt financially.

Obviously, if you believe in TSLA, I understand you putting your money where your mouth is (full disclosure: I'm holding POTX and CURLF, so I'm on the same page with what I'm saying on this) but PLEASE don't bet money you don't have on TSLA.

“At 10-times revenues, to give you a 10-year payback (P/E 10, my note), I must pay you 100% of revenues for 10-straight years in dividends. That assumes I can get that by my shareholders. It also assumes I have zero cost of goods sold, which is very hard for a computer company.

That assumes zero expenses, which is hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that expects you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10-years, I can maintain the current revenue run rate.

Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those underlying assumptions are? You don’t need any transparency. You don’t need any footnotes.

What were you thinking?”

-- Scott McNealy was the CEO of Sun Microsystems
2002

At the peak of the Dot-Com, roughly 30 stocks in the NASDAQ 100 traded above 10 P/E. Today ALL stocks in the DAQ do: the average P/E is ~25.5.

TSLA is at a P/E of 175.

There is no American economy. There hasn't been since since October 3 of 2008. Things got catastrophically worse on September 17th of 2019 when the repo market came within hours of completely locking up in a catastrophe that would have made AIG look like a rounding error. The Fed was forced to firehose astronomical amounts of money into the system to keep this from happening and this was before Covid.

In Jan of 2021, there was $2.6 TRILLION in Zombie Debt out there. That's $2.6 TRILLION on the verge of default at 2021 interest rates. The Fed is now in a horrific position: raise rates and watch massive defaults explode like financial nukes, or keep rates steady and watch inflation implode the economy.

People don't understand how bad this is and how much worse it can get. If the Fed has to raise rates by 500 BP -- and Christ fucking help us if they do -- the first order defaults will be the worst in Capitalist history and the second and third order effects could very well be the nightmare scenario we came within 36 hours of in 2008.

Save your money, Bob. Cash is king. And fuck BTC.

bobknight33 (Member Profile)

newtboy jokingly says...

Lock him up. Lock him up. Lock him up. Lock him up.

Hope you’re ready for a minimum of two years of hearings digging deep into anyone who ever spoke to Trump. Every employee. NDAs withdrawn or legally dissolved like the Whitehouse NDAs.

Lock him up. Lock him up. Lock him up. Lock him up.

Same crime, to an exponentially more serious degree.
He stole actual original Top secret classified documents, left them unguarded, unsecured, and illegally stolen….crimes he undeniably knew and knows was a serious crime, he made that a campaign feature, even if, as he now claims, “”someone” told him he was allowed to because of multiple rulings”. (He has no idea who or what rulings, because it’s more bullshit, or maybe he listened to Giuliani who’s completely insane.)

Lock him up. Lock him up. Lock him up. Lock him up.

See you tomorrow.

bcglorf (Member Profile)

bobknight33 (Member Profile)

newtboy says...

Holy fuck!
Remember Hillary?
Remember how she should be locked up for using a private server for digital copies of official government documents?

Uh oh….Trump not only also did exactly that, but he actually stole original (uncopied, with no digital copy) documents from the whitehouse, including but not limited to presidential records, personal notes, correspondence with foreign leaders, government records…. The national archive had to raid Maralago to retrieve what was left unincinerated (yes, he burned records that he stole from the whitehouse).
He allegedly actually ate some records in the Oval Office so they couldn’t be retrieved and put back together like so many were.
Another instance of Trump being ridiculously guilty of far more of the exact criminal activity that he asserted his opponent might commit and should definitely be executed for.

P.S. How about those jobs numbers!? Not the 300000 jobs lost Fox and co have been gleefully telegraphing for weeks, but nearly 500000 gained, and more people reentering the workforce thanks to a healthy economy! Thanks Biden!

On a personal note, Biden debt relief programs just erased $59k of student debt my mother in law has been paying off for nearly 50 years (she became severely ill and was out of work for years….twice, and all progress she had made paying it off was erased with penalties and interest). Thanks again Biden!

The simple tool that can open most US stores

spawnflagger says...

compare this to computer security flaws - typically the researchers that find the flaws disclose them to the public a few weeks after notifying the vendor.

but with the physical lock industry, this is a flaw that's been around for decades, that they refuse to fix because it would cost an extra $0.25 in metal for each door.

The simple tool that can open most US stores

spawnflagger says...

being that he's the lock picking lawyer, probably he's aware of the legalities of his side business.

that said, there are some countries where it's illegal to own or possess any lock picking tools. (don't know the details about how locksmiths operate? maybe special license or local police do that job)

The simple tool that can open most US stores

newtboy says...

Unless they have intent to use them, or have knowledge that that’s what they’re made for, no? That’s what it says in the law, isn’t it?

“ Every person having upon him or her in his or her possession a picklock, crow, keybit, crowbar, screwdriver, vise grip pliers, water-pump pliers, slidehammer, slim jim, tension bar, lock pick gun, tubular lock pick, bump key, floor-safe door puller, master key, ceramic or porcelain spark plug chips or pieces, or other instrument or tool with intent feloniously to break or enter into any building, railroad car, aircraft, or vessel, trailer coach, or vehicle as defined in the Vehicle Code, or who shall knowingly make or alter, or shall attempt to make or alter, any key or other instrument named above so that the same will fit or open the lock of a building, railroad car, aircraft, vessel, trailer coach, or vehicle as defined in the Vehicle Code, without being requested to do so by some person having the right to open the same, or who shall make, alter, or repair any instrument or thing, knowing or having reason to believe that it is intended to be used in committing a misdemeanor or felony, is guilty of a misdemeanor. ”

I have this opinion, (that police (and some prosecutors) will ascribe intent to anyone in possession of any tools, even those with other uses, so they wouldn’t hesitate to do the same for tools that are clearly purpose built breaking and entering tools having been advertised as such and with no other use,) because I watched a friend be arrested in the 80’s for having a screwdriver and pliers in their backpack that the police called “burglary tools”. He did not have a history of burglary. The case was dropped when they instead charged him with <.5 grams of marijuana for some crumbs found loose in the bottom in his backpack and sent him juvie for 6 months. (I think he was on probation, I know the police wanted to charge him with anything….and did.). I was accused of having lockpicks once because I had picked up a few metal brush bits from a street sweeper in a parking lot and police saw me pick them up, arrested, then released me on site when the supervisor showed up and heard their story.

I think the last sentence of that paragraph puts him in danger, since he clearly has reason to believe at least some of the burglary tools he sells to the public are going to be used criminally.

I don’t want to see you give someone advice that could get them in serious trouble, I know you would feel terrible. You might be correct, technically without intent to commit a crime they’re legal to own, but in reality police and prosecutors decide your intent and I don’t trust them one whit.

eric3579 said:

My understanding is that it is legal for anyone to purchase and possess lock picking tools. Seller does have to obtain info regarding purchaser, but just basic stuff.

Here are the California codes regarding such tools.
https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?chapter=3.&part=1.&lawCode=PEN&title=13.

The simple tool that can open most US stores

eric3579 says...

My understanding is that it is legal for anyone to purchase and possess lock picking tools. Seller does have to obtain info regarding purchaser, but just basic stuff.

Here are the California codes regarding such tools.
https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml?chapter=3.&part=1.&lawCode=PEN&title=13.

BSR said:

I don't know for a fact but I suspect that you may have to show proof that you are legally allowed to purchase such items. After all "lawyer" is in his title.

The simple tool that can open most US stores

newtboy says...

I would hope so, but saw no evidence of that on his website.
I taught myself to pick locks because my brother liked to lock me out of the house when I was little. Good thing we didn’t have deadbolts back then. I doubt I could still do it, it’s been 40 years or so since I had to.
I like his “this is why this lock sucks” videos, but always thought there a bit of “how to steal anything protected by this lock” built into them. Selling tools to defeat commercial locks seems over the line to me, but it’s just, like, my opinion, man. 😉

BSR said:

I don't know for a fact but I suspect that you may have to show proof that you are legally allowed to purchase such items. After all "lawyer" is in his title.

My dad showed me how to pick locks when I was 10.

In my 3rd year in high school I got an "A" in English class because the teacher needed to get into a filing cabinet and didn't have the key with her. I told her I could open it but she didn't believe me so I made an deal with her. An "A" in English to pop the lock.

That "A" sure did stand out next to all those "B's" on my report card.

If you've been enticed to be a burglar then that may be a decision you will have to live with.

His videos show that if you want to safeguard your valuables you might want to avoid certain security methods and why so.

The simple tool that can open most US stores

BSR says...

I don't know for a fact but I suspect that you may have to show proof that you are legally allowed to purchase such items. After all "lawyer" is in his title.

My dad showed me how to pick locks when I was 10.

In my 3rd year in high school I got an "A" in English class because the teacher needed to get into a filing cabinet and didn't have the key with her. I told her I could open it but she didn't believe me so I made an deal with her. An "A" in English to pop the lock.

That "A" sure did stand out next to all those "B's" on my report card.

If you've been enticed to be a burglar then that may be a decision you will have to live with.

His videos show that if you want to safeguard your valuables you might want to avoid certain security methods and why so.

newtboy said:

It should be noted, just getting caught with burglary tools can be a 6 month sentence in California.

eric3579 (Member Profile)

newtboy says...

Right? A bit too close to accomplice for my taste.

I think the same way about slim Jims. Only tow truck drivers and cops have a legitimate use for that tool, and I’m pretty certain people have been charged for having them (possibly in conjunction with getting caught in the act of breaking into cars though).

I’m pretty sure a tool specifically designed for breaking locks open and useless for anything else would satisfy the “intent” portion. A good prosecutor could successfully argue that point. A screwdriver might be carried for any number of uses, this is only for opening locked stores (the only places with those kinds of locks that I can think of). It’s certainly enough for arrest if not conviction.

eric3579 said:

He's not selling "burglary tools" anymore than Home Depot is, but i know what you're saying. It sure doesn't feel right for him to sell what he does.

By California law it's no more a burglary tool then a screwdriver is. Intent to break in must be proven for the tool to be deemed illegal to be in possession of. California Penal Code 466

NASA Remembers Fallen Heroes

bobknight33 (Member Profile)

newtboy says...

Tucker- “why are we on Ukraine’s side and not Russia’s side? I mean, who’s got the energy reserves, who’s the major player in world affairs, who’s the counter balance against China? Why would we take Ukraine’s side, why don’t we take Russia’s side? I’m totally confused.”

Answers. “Well, clearly. Ukraine is a democracy, Russia is an authoritarian regime that is attempting to impose its will on a validly elected democracy in Ukraine, and we’re on the side of democracy.”

Tucker- “yeah….I’m….I guess I’m on the side of democracy in other countries….I GUESS.”

That’s the right…..they guess they kind of support democracy somewhat when cornered and pressed, but not one bit when they think no one’s looking, clearly.

PS- Donald Hartle…know who that is? Look him up, then lock him up. LMFAHS!

bobknight33 (Member Profile)

JiggaJonson says...

language is just scaled math with some added imprecision and human errors

Think of it like floating point math with bugs in the code

And what people know or are "good at" isn't fixed. It's based on practice like anything else.



You sure are layin it on thick lately, scared about that trumpy court case out of new york eh? fucking criminal


I told you a long time ago, let me know when Hillary actually get's locked up. You can have all the excuses of "she's got friends protecting her" you want, but she sat in front of a senate committee several times over and answered questions under oath. Something your coward is yet to do. But that's okay, we'll force him, before he's ACTUALLY thrown in jail for his crimes at Trump inc. They already nailed him on his scam university, and that was while he was still in office.


https://en.wikipedia.org/wiki/Trump_University#Settlement

bobknight33 said:

My wife has a journalism degree but can't do any meaningful math.

So much your stupid argument.

Everyone is different, grammar is not my strong suit.

You know so much that just ain't so. You in a bubble. Are you 1 of the 30% that think Biden is doing a great job?

You sit here thinking up on you high horse but you are so often wrong is it laughable


Trying to put the failed OBAMA on some grand master of a POTUS truly shows how much shit for brains you have.

Truly I bet you think Bidens 2 hour press conference today was pretty fucking all right.


80% failure where you most likely 80% success. This is how shit you are.


You, like Obama, Biden Clinton are good at speaking BS. Just keep giving your failed ideas of what makes America better.



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