Author Topic: Investment Culture  (Read 694 times)

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Offline msj

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Re: Investment Culture
« Reply #90 on: April 03, 2018, 08:54:55 pm »
Even an old man gets lucky sometimes.

At least that’s what I told my staff at lunch today.

I thought: hey, I have never bought a company on the first day so lets check out the TFSA account to see if I have any money to squander?

Log in and quickly realize there is a little more cash than I thought.  Odd.

Click on activity and find out that those Danier Leather shares I gambled on and lost and left for dead actually paid off.

No not a great return. Only 10% over two years so lousy. 

But not the dead money I assumed.

So I gladly used that little gain from the gambling part of my portfolio and bought a few shares of Spotify.

No recommendation here. Bought them because sometimes even an old man gets lucky.

I've gotta have more cow bell! -Bruce Dickinson

Offline MH

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Re: Investment Culture
« Reply #91 on: September 28, 2018, 06:28:40 am »
https://www.bloomberg.com/amp/news/articles/2018-09-27/musk-picked-weed-linked-price-to-impress-girlfriend-sec-says

Quote
The U.S. Securities and Exchange Commission made the connection clear at a Thursday press conference after announcing that it had sued Musk for falsely asserting that he had secured funding to take the company private at $420 a share.

“While leading Tesla’s investors to believe he had a firm offer in hand, we allege that Musk had arrived at the price of $420 by assuming 20 percent premium over Tesla’s then existing share price then rounding up to $420 because of the significance of that number in marijuana culture and his belief that his girlfriend would be amused by it,” Steven Peikin, co-director of the SEC’s enforcement division said.

What ?  'Lil help here...

Offline SirJohn

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Re: Investment Culture
« Reply #92 on: September 28, 2018, 06:48:32 pm »
https://www.bloomberg.com/amp/news/articles/2018-09-27/musk-picked-weed-linked-price-to-impress-girlfriend-sec-says

What ?  'Lil help here...

As an officer of a publicly traded company you're not allowed to make any dishonest public statement which could influence the price of the stock. For whatever reason, Musk suggested he had the backing from rich investors to take Tesla private, which suggested they would be buying out all the existing stockholders - which in turn meant the price would have to go up. He didn't have that backing. He isn't taking Tesla private. Apparently he wanted the stock to go up in price, either for the weird reasons suggested or simply because he notoriously hates short sellers.
"When liberals insist that only fascists will defend borders then voters will hire fascists to do the job liberals won't do." David Frum
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Offline MH

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Re: Investment Culture
« Reply #93 on: June 18, 2020, 08:40:47 am »
https://www.vanityfair.com/news/2020/06/bankrupt-hertz-is-a-pandemic-zombie

HERTZ !!! This is a weird situation - a bankrupt company is "hot"  ??? ??? ???