From the Daily Princetonian:
New Jersey’s minimum wage to increase to $14.13/hour
As of Jan. 1, the statewide minimum wage in New Jersey will increase to $14.13 per hour, according to the New Jersey Department of Labor & Workforce Development. This change marks the latest part of a multi-phase plan to increase the statewide minimum wage to $15 per hour by 2025. This legislation was signed into effect by Gov. Phil Murphy in 2019.
The phased increases have grown at a rate of $1 annually, but this year, inflation was factored in and the wage increase included an extra $0.13.
In January, the legislation boosted wages from $12 to $13. At that time, Murphy said that the policy reflected his office’s efforts to support sustainable wages and build a “stronger and fairer economy” in the state.
New 2023 Minimum Wages and Minimum Salaries to Take Effect
Minimum hourly wages for many nonexempt employees and minimum salaries for exempt employees in New York, New Jersey and Connecticut are scheduled to increase in 2023. Employers should begin to make plans to ensure that their hourly wages for nonexempt employees, their minimum salaries for exempt employees and their wage hour policies and practices comply with these requirements.
On January 1, 2023, the minimum hourly rate in New York City, Nassau County, Suffolk County and Westchester County for nonexempt employees is $15 an hour. The minimum hourly rate for nonexempt employees located in other New York regions increases from $13.20 to $14.20 an hour on January 1, 2023 and is subject to annual increases each year thereafter based on economic indices until it reaches $15 an hour for employees in those geographic areas. These effective minimum hourly rates apply to nonexempt employees regardless of whether these workers are paid an hourly wage or a weekly salary.
…
In addition, there are separate wage orders in New York and increased minimum compensation requirements for employees in certain industries, such as fast food and building services. For example, the minimum wage for employees working for fast-food chains is $15 an hour. Additionally, the New York Wage Order for building service employees and federal regulations regulate credits for lodging and meals which employers provide for employees. Further, New York City is proposing a new minimum pay rate of $17.87 per hour for app-based restaurant delivery workers which would increase in three years to $24 per hour. This proposal is scheduled for a public hearing on December 16, 2022.
The minimum wage schedule for home care workers in New York increased on October 1, 2022 to $17 per hour in New York City, Long Island and Westchester and $15.20 per hour for employees in all other regions in New York State. However, on January 1, 2023, the minimum wage in those other areas in New York increases to $15.90 per hour.
The New Jersey hourly minimum hourly wage rate also increases on January 1, 2023 for most New Jersey employers. The hourly rate in New Jersey increases by $1.13 to $14.13. The minimum hourly rate for seasonal and small employers (fewer than 6 employees) in New Jersey increases by $1.03 to $12.93 per hour on January 1, 2023. The piece rate or regular hourly rate for agricultural workers on farms increases to $12.01 January 1, 2023; while for long-term care facility staff, the minimum hourly rate increases by $1.13 to $17.13 per hour in 2023. The New Jersey hourly rate for tipped employees increases to $15.26 per hour on January 1, 2023 with a tip credit of $8.87. Future minimum wage increases in New Jersey for 2024 and future years will be raised automatically based on increases in the Consumer Price Index.
…
Connecticut’s minimum hourly rates increased to $14.00 per hour on July 1, 2022 and will go up to $15 an hour on June 1, 2023. Commencing in January 2024, minimum wage rate increases in Connecticut will automatically be raised based on the computation of certain employment cost indexes.
first
Quickbooks memes on point this morning.
https://www.businessinsider.com/ftx-ceo-said-company-used-quickbooks-like-scene-breaking-bad-2022-12?amp
Here is SBF’s testimony he did not get to make yesterday, as he had a date in the clink…
Reminds me of this scene in Trading Places…
“Turn those machines back on!”
https://www.youtube.com/watch?v=j4SRsGn14PI
https://www.forbes.com/sites/stevenehrlich/2022/12/13/exclusive-transcript-the-full-testimony-sbf-planned-to-give-to-congress/?sh=8247dda3c474
BTW I love the part where the lawyers Sullivan & Cromwell are accused of misrepresentation by SBF by placing FTX international into bankruptcy against SBF’s orders and they also demanded to get paid $4 million up front.
Whomever wrote this testimony for congress took allot of time to try and weave a story here of legal malfeasance.
Boomer from last thread.
Maybe soon there will be competition, as VW and Ford etc finally ramp up production. We all know they are spending Billions to catch up to TESLA. However when one car company has 64% of the EV market as of quarter 3 of this year it’s not really a competition now is it.
Sure there are better cars. I like the Toyota BZ4X, but it seems the largest car company in the world has really screwed up the and cannot get any production going and fix the bugs in the car etc.
200,000 EVs sold in quarter 3 in the USA.
Tesla 64% Market Share
Ford 7.2% Market Share
Kia 3% Market Share
Hyundai 3.2% Market Share
Chevy 3.8% Market Share
VW 1.9% Market Share
Toyota 0% Market Share
Honda 0% Market Share
It’s going to be a while before there is real competition and TESLA has to lower their prices.
Just posted in yesterday’s thread a link to an NYT article on the parents and commentary on the dad…who’s wildly screwed.
FTX is a huge clusterfuck.
I’ve mentioned the spectrum of free money excesses getting deflated…chalk this one up…even though it blows up after SPACs, NFTs, spec-tech shitcos it has a firm hold on the far left hand side of the bell curve of excess…thank you JPow….
It’s going to be a while before there is real competition and TESLA has to lower their prices.
Agree, but the competition is only just starting to ramp.
Tesla was 75% market share in Q1, 66% market share in Q2, and 64% market share in Q3.
And really, this is not Tesla vs. Ford, this is Tesla vs. Everyone else.
So the reality is 64% vs. 36% everyone else.
If the trend continues, Tesla will have lost 25% of market share in a year, year and a half.
There are a HUGE number of EVs planned for 2023 release, something like 40 new EV models being introduced across manufacturers, from supercars to Subarus.
The other factor is brand loyalty, which is a major factor.
When Honda, Toyota, and Subaru make mainstream EV’s, they will easily take their fair market share with zero real need to compete against Tesla head to head.
The trend is going to continue no doubt it will finally be a competition for Range, Performance and features at the lowest cost in the showroom like any other car.
Elon’s plan is to cast the new models in two parts front and back. Huge manufacturing cost savings there using their new Giga presses, and using their new lower cost 4680 battery cell tech as well ( no cobalt or manganese). A new Model C car will roll off the assembly line in Shanghai first destined for Asian and European markets first. Retail will be perhaps $25,000…
Worth the watch on the 2 part casting plans using the new Giga Press.
https://www.youtube.com/watch?v=FUsicN-wKoY
FYI don’t get into an accident. Not sure if they can fix it.
So Jack Dorsey does what looks like a complete 180 on Twitter co-mo strategy and appears to take a position very much in-line with Elon now.
Curious…
After the fact CYA based on the Twitter files releases? Was what Elon was saying on the money this whole time?
Highly personal opinion so I may be way off base but…
The electric car debate for me comes down to complicating my life more vs. simplifying it…
Right now, getting an electric vehicle complicates my daily routine, diminishing my QOL and free time…I need to plan longer trips around charging stations, waste time there, reconfigure my electric at home, etc.
I don’t need/want to devote the mental bandwidth…
For me EV would really take off and buying would be a no-brainer if you could get the normal operation and maintenance of an EV to the time/effort required of ICE now…
If I were the majors I’d try to standardize the battery pack and make it portable…Forget charging stations where you have to wait while your car charges like people tethered to outlets at airport terminals charging their iphones…go back to the Startac and S5 models where fully charged batteries could be swapped out.
Imagine, instead of charging stations or gas stations, you would have battery stations…pull your vehicle in – whether on a cross country trip or on your own Main St – and a service attendant yanks your spent battery and throws in a new fully charged one…and off you go.
If you don’t buy the old mobile phone analogy think propane…you have a personal canister. To refill it you don’t reconfigure your garage to fit a huge tank to tap to refill your own canister overnight. You don’t drive to Walmart and wait for them to fill your personal canister while you try to figure out what to do with your time. You drive up, hand someone your (standard) empty canister, and immediately get a different but standard and full canister in return. You could literally repurpose existing gas stations, take out half the pumps and put in racks of batteries.
That type of convenience and standardization would entice me and let the industry explode…and quite frankly bury TSLA
Jack Dorsey did give up. He checked out years ago and was busy micro dosing LSD and meditating on some tropical islands in the pacific while hatching plans to be the Bitcoin king.
Dorsey has a billion in equity still. He did not cash out he converted his shares when they went private, it’s in his best interest to endorse what Elon is doing and drop the CYA.
At that level of wealth legacy is more important than a billion or two. Or three.
When all this settles and the smoke clears Jack can be on the ‘right’ or ‘wrong’ side of history.
Right now he’s trying to figure out which is which.
That he seems to have made a 180 and is supporting Elon’s view of the company he founded and the prior CEO he installed is telling…
Left – re: “convenience and standardization”
You are not going to get any of that. The majors are all developing their own proprietary tech in batteries and electric drivetrains all engineered with their own product obsolescence just past warranty expiration.
The real reason they are even making EVs now is to keep their loyal customers driving into their certified dealerships for parts and service. That is where the real money lies in the car business, margin is like 40 percent on spare parts. They cannot survive if they don’t, so no convenience or standardization for you…
We are headed into a huge electricity shortage.
Juice, the Pear is Fiskers attempt to do the same thing as Tesla in simplifying manufacturing. All of their EVs will have the same frame and interior. Only the body will look different. The Pear is aimed at being super inexpensive with great range. I’m sure it’s all marketing at this point as everyone is saying the same thing pretty much.
https://www.caranddriver.com/fisker/pear
Don’t disagree on the probability of what I suggest but if you want service income….standardize, and then control the battery stations…
Makes no sense for Ford to own gas stations….Ford branded battery stations with zero environmental concerns (no tanks), low infrastructure (no tanks), low cost (no markup in the power source from refiners, transport, etc)…just a bunch of battery racks plugged into the local grid that you jam into customer cars for a 2x markup on actual electricity used? Hit that bid all day long.
Hell, if they really wanted to get inventive and truly challenge TSLA on their own turf use this template to try to end run the dealer model….these ‘battery stations’ can also be ‘service stations’ for routine maintenance and repairs…basically, in addition to all the benefits that would expand EV sales to the corporate they could try to cut the dealers out of EV service revenue…leave them the dying ICE business….
Think big and strategic…I know it will never happen – third generation auto employed Midwest MechEs aren’t known for out of the box thinking – but that is the touchstone…
Shit, not only do they get the service revenue I could securitize it for them from my kitchen table…
I’m planning on getting a hybrid next year. Leaning towards a Hyundai Tucson. I will wait a few years on ev cars. Let the major kinks get worked out and costs come down first. I mostly drive around town so a car that gets 38 mpg and has a range of over 600 miles for the occasional road trip is perfect for me. The Hyundai and Kia hybrids are only about $1,500 more than the gas version . The gas saving would pay for the difference in 2-3 years. Been watching car reviewers on YouTube. Most prefer the Sportage and Tucson hybrids to the Crv and RAV4. One reviewer said the top of the line interior rivals the same size bmw for less than half the price.
Also the Tucson seems to be the easiest to get in my area. There are about 30 available right now. The other hybrids in its class or going up the Sorrento and Santa Fe size there are 0 to 1 within 50 miles of me.
Delisiting the mighty Bitcoin mining operation?
https://finance.yahoo.com/quote/BITF?p=BITF&.tsrc=fin-srch
The Canadian Bitcoin mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due the ongoing cryptocurrency winter.
Bitfarms received a warning notification from Nasdaq on Dec. 13 because the company’s share price has stayed below $1 for 30 consecutive working days.
Announcing the news on Dec. 14, Bitfarms said that it has an initial period of 180 calendar days to regain compliance with the requirements from Nasdaq.
lib re: electricity shortage?
How? It’s nothing a few trillion in Congressional spending cannot solve.
Fisker looks nice but are they even a car company?
They are not even making the car it is going to be done by a German company Magna Steyr. They outsourced it. BTW Magna Steyr builds the Mercedes-Benz G-Class, the BMW 5 series, the BMW Z4, the Jaguar E-PACE and the Jaguar I-PACE electric vehicle, and even the Toyota GR Supra. All done on the same assembly lines at the same plant.
Heck I might design a car and have an IPO too as long as I don’t have to make it.
I think we found the guy singing to the Feds and the media over at FTX. Seems somebody gave them the source code to FTX…..
Nishad Singh is his real name too.
By Angus Berwick, John Shiffman and Koh Gui Qing
(Reuters) – In mid-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software.
He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda’s assets if it was losing too much borrowed money.
In a note explaining the change, the engineer, Nishad Singh, emphasized that FTX should never sell Alameda’s positions. “Be extra careful not to liquidate,” Singh wrote in the comment in the platform’s code, which it showed he helped author. Reuters reviewed the code base, which has not been previously reported.
The exemption allowed Alameda to keep borrowing funds from FTX irrespective of the value of the collateral securing those loans. That tweak in the code got the attention of the U.S. Securities and Exchange Commission, which charged Bankman-Fried with fraud on Tuesday. The SEC said the tweak meant Alameda had a “virtually unlimited line of credit.” Furthermore, the billions of dollars that FTX secretly lent to Alameda over the next two years didn’t come from its own reserves, but rather were other FTX customers’ deposits, the SEC said.
The SEC and a spokesperson for Bankman-Fried declined to comment for this story. Singh did not respond to several requests for comment.
Juice,
I know the manufacturing is outsourced. I am going on looks alone. The Ocean looks really cool. Sadly, this is what sells most cars. The look alone. The Pear will be built by FoxConn in Ohio (to qualify for the US tax break).
Lib/chi….
Added some XPO yesterday. Looking at EEM, some significant upside positioning recently in the options markets for early next year in the mid-40s that has my attention. Being very selective, not really looking for new longs but these popped up.
Trying to see if there is a way to re-open a position in DNA, it’s down to $1.60 again today…the company has said in no uncertain terms recently it is concerned about cash levels but here’s my analysis…
I have a perfect record of trades in these shares over three entries…do I put that at risk at these levels with their cash backdrop…versus…the potential lol of trolling the village idiot since if/when it goes back to $3.20 he will only be at breakeven and I’ll have at least a double….decisions, decisions….
Hoping for rug pull today, give me a 1% down or better after JPow presser…my short term hedges will thank you…
See y’all post 2p….
Lib – So I see they hired an iPhone maker to build cars in America?
Foxconn bought out the failed Lordstown Motors plant which they got from GM in 2019 after they closed it.. I hate to see what is in that place, might even be completely empty buildings or filled with old junk 1970s equipment GM could not sell to china.
Juice – Who says they have to be reliable. I’m not buying one. Quite frankly, I have 2K invested in them. Simply because their cars look cool. Do appreciate your vantage point though.
Lefty – Just make sure you are not playing this to spite Pumps. The incentive is not worth it. Don’t let it cloud your thought. You won already. The truth is, you won before you even looked at DNA.
Thanks, Lib, my DNA reference was an LOL toward the fool…more than a few of us here are up this year – several strongly – and everything he touches just turns to shit, ha. Judgment rules for me, may be an options trade there, just not sure it’s worthwhile given better alternatives.
How nice would a replay to the day of 2018 be right now? Set it and forget it.
Lefty knows the potential of DNA. He is no fool. He knows if the company executes, these prices are a gift from god.
I might be finally adding too, lefty. I have been patiently waiting for months.
The only reason prices are where they are right now….insiders are selling for tax purposes. So keep an eye on that. Still have some more to go, but this is the reason why it’s so low right now. It attracts the shorts like crazy. Like blood in the water for sharks. Problem is….when they cover, going to be a face ripper.
Yes, besides traders….what long-term investors made money this year? Get real.
leftwing says:
December 14, 2022 at 10:44 am
Thanks, Lib, my DNA reference was an LOL toward the fool…more than a few of us here are up this year – several strongly – and everything he touches just turns to shit, ha
The best part….next bull market, you guys are all going to claim I am just lucky. That the FED was the reason why I did so well…or some other nonsense. You beat me up when the FED turns its back on me and creates a bear market, but then call me lucky when the FED is at my back helping me.
The only wrong call I made from 2012-2020….pancake in a can. That’s it. I was right on housing and high growth stocks. I made big mistake in 2021 and have since learned my lesson….never ever fight the FED in either direction. Liquidity is king and all that matters.
re: these prices are a gift from god.
DNA is now $1.70 a share, if it drops below $1.00 for 30 consecutive trading days then the NYSE will begin the delisting process.
So lets place bets now. Delisted or too the moon by say Dec 2023……
It’s a friendly wager like in the movie Trading Places so just $1.00. So I’ll wager delisting has began by Dec 2023. Any takers on the other side?
I have $100 on a reverse stock split.
Juice
I drive past that old Lordstown plant a few times a year to see my parents. Some of my friends parents worked there through the 80’s / 90’s. It was a massive facility.
It’s a shadow of itself. I don’t know about the inside, but the parking lot may be 5% full.
EV’s are a no go for me right now. I average around 150 miles per day, a long day may be 300. Wife could get away with it, but we use her SUV for trips, waiting 45 minutes for a charge to finish the second half of a drive just isn’t feasible.
Just looking at Foxconn’s plans for that old plant. They wont begin making that Fisker car Lib mentioned until 2024. They are supposed to be making cars for 4 different companies including their own car and an Electric tractor.
They have also started the Open MIH EV Alliance….1600 manufacturers have joined to work together one an open standard for EVs.
They have big plans, but I have might doubt it will be anytime soon..it will take billions in investments, so far I only see millions.
Guys in the know are all going long EV battery manufacturing and components. All of it being propped with with government grants and loans.
https://www.forbes.com/sites/alanohnsman/2022/12/14/tesla-cofounder-aims-to-rev-up-us-ev-battery-market-with-35-billion-south-carolina-plant/?sh=2c26f8376eba
If they do this, the stock is over. I highly doubt it, but if the macro tide continues to punish high growth companies, it could happen. The company has a great ceo and management team. What they have already achieved is amazing. They just have to survive this bear market cycle. This company is the future….synthetic bio manufacturing is the future. Inevitable. Just takes time to get there.
Libturd says:
December 14, 2022 at 11:18 am
I have $100 on a reverse stock split.
Wow a left post I fully agree with. Thats a first.
I am all for greener vehicles, I bought my first Prius in 2007, I have a second plug-in Prius and Mrs Fab is rocking the F150 Hybrid.
I would not buy a full EV yet and especially not a Tesla. I see Tesla imploding in a few years. Current profit is nice, but they have been relying on carbon credits for years. Musk threw away a lot of Tesla supporters with his twitter antics. The only carbon credits some of his current fanbase are interested in is credit for Rolling Coal. They will never buy one.
Quality is terrible. I have a buddy who is a tech. He is making serious coin getting shuttled all over the Hudson valley fixing them. Their own charging stations are overcrowded and most places with third party chargers will have other models sitting on the one or two chargers they will put in a mall parking lot.
Battery chain fires scare the crap out of me. One crashed on the PIP and it went up too quick for people to get out.
The F150 Lighting is another no-go. Towing in the cold, kills the battery range. How much hassle is it going to be to get a recharge on a charger with a 30ft trailer. It might suit some local contractors or landscapers, but I’m not towing anything of note south of 78 in winter. The Hybrid will tow 12000lbs quite happily with the ICE charging the motor.
What happen with DNA….
They are obviously in an unforeseen “pickle” for price. I’m sure 1 year ago, they assumed the stock price was going to be $10+ and tax selling is over in a week. Now it’s weeks/months due to price. I’m quite certain they wanted this done by now, if not by thanksgiving. It is what it is.
At the end of the day, it is a chance at stupid low pricing if this company delivers in the next 5-10 years. I have a lot of faith in this ceo and management.
The stock is pretty much all owned by insiders. I think 90% is owned by insiders and 10% retail…don’t quote me on that, but I think that’s what I read. You have some big backers in this at much higher prices then the current stock price…a lot of these big dogs are in at $10.
Remember, this is backed by Bill Gates. This is a serious company…and it has been battling shorts for over a year since that bs Scorpion short report came out calling the company a fraud. Every single thing in that report has been proven wrong, yet the damage is done.
If you think the company is not going to win…short it.
If you believe this technology is the future; invest. It might change your life. It’s stupid cheap right now if they are successful.
Remember, this started in 2007. This company has been developing for a long time already. It’s still in the start up faze, but it’s on the verge of taking the next step. Hopefully it is profitable in 5 years.
This is hilarious. Hottest toy this season.
https://twitter.com/JimmyKimmelLive/status/1601052645103259649
Okkkkay pumpkin…..oh kaaay
lol
https://www.nj.com/bergen/2022/12/nj-school-district-retaliated-against-teacher-for-his-union-activities-lawsuit-says.html
A tenured teacher in the Hackensack Public School District has filed a lawsuit against the board of education and administrators, alleging he was retaliated against for his union activities.
Michael DeOrio, 49, a teacher at Fairmount Elementary School, says in court papers his work as president of the Hackensack Education Association, a teacher’s union, resulted in an unwanted transfer in 2018 from the in-school suspension teacher to an in-class support teacher.
This loser went from a job where he sat in front of a computer to being a teacher’s aid and he’s salty.
Fab – That is funny.. but Ivanka is buried in New Jersey..
“owned 90% by insiders”
https://finance.yahoo.com/quote/DNA/holders?p=DNA
FabMax,
These guys are comic geniuses, making the same Trump jokes for 6 years straight, but cannot see anything even slightly humorous about a sharting, doddering president, an incompetent VP, a transport secretary who knows nothing about transport, or an assistant secretary of health “Rachel” Levine who looks like Ed Asner in a wig and high heels. Jimmy Kimmel has gone from The Man Show to the Emasculated Man Show, where the only safe target for humor is the left’s political opponents.
I remember back when comedians were willing to make fun of both sides, but that seemed to have disappeared by the end of the GWB presidency
NoOne you act like the treason and espinage happened ages ago. Nope. This is still unresolved and punishments need to be doled out if we are to live in a society of laws. Biden is actually executing and leading as opposed to what the hell Drumpf did for 4 years. Evidence of the catering of support for the prior POTUS is refreshing. Next Step? Prison.
“espionage” oops
darn it! “cratering” vs Catering….but you get the idea. The FAILURE of the GOP continues. You Repugs should be ashamed.
f/when it goes back to $3.20 he will only be at breakeven and I’ll have at least a double….decisions, decisions….
He bought at $10
DNA “13.75 of Shares Held by All Insider”
BRT,
We all know better than to believe anything he says. It’s why he’s the Great Pumpkin. It really was the perfect name.
EV, why don’t manufacturers install small supplemental kerosene heaters- do you have to be 100 percent green? One gallon of kerosene would probably go a long way to increasing range in the electro-car or truck.
https://www.vevor.com/diesel-heater-c_10321/8kw-12v-all-in-one-diesel-air-heater-lcd-thermostat-boat-motorhome-truck-trailer-p_010495550284?utm_source=favorite&utm_campaign=010495550284&utm_medium=99362311&utm_content=201010495550284114&utm_term=181
The F150 Lighting is another no-go. Towing in the cold, kills the battery range.
The reason for buying this truck is not to tow, it’s to get a tax write off.
It’s good for that. The electric battery write off, the over 6000 lb tax write off.
Executives love them, they get a free charge when you are management. Lawyers love them cause they have enough power to recharge their anal eggs-and if the battery dies they can sue Ford for loss of consortium.
Ex,
I think both Trump and Biden are ridiculous fools. My point is that most “comedians” have had zero interest in ridiculing the foolishness of the Biden admin, and thus have to keep beating the same dead horse. If you don’t think there’s fodder for jokes in the Biden admin, then you’re beyond reach.
For you data analysts out there. Crunch the numbers. Seems like some are quicker to launch and get things done. Guess some states are more efficient?
https://bit.ly/3WcJXiO
You know I meant insiders and institutions since this only went public recently.
BRT says:
December 14, 2022 at 12:55 pm
“owned 90% by insiders”
https://finance.yahoo.com/quote/DNA/holders?p=DNA
Only 10% in the hands of retail was my point…
3m net worth, not bad at that age, according to the article #1 searched.
And a Ukrainian to boot:
https://bit.ly/3WkWAsq
The Great Pumpkin says:
December 14, 2022 at 10:58 am
“….next bull market, you guys are all going to claim I am just lucky…I made big mistake in 2021 and have since learned my lesson….never ever fight the FED…”
Sam Pumpkin-Fried — I f*cked up, but it’s someone else’s fault…
Ex says:
December 14, 2022 at 1:06 pm
“Biden is actually executing and leading…”
I’d say that you’re being deliberately dishonest, but in your case I know you’re just repeating what you wife told you.
Lefty is correct and you are not. I bought 1k worth at 10….rest all bought in the 3’s. My biggest buy will be in the 1’s. My avg will be in the low 2’s. I shouldn’t even explain myself because what is the point? I don’t know where your 10 dollar avg buy in position came from, but it wasn’t from my mouth.
I haven’t been buying anything…I have been saving every single dollar. I don’t know how much lower DNA can go, but I am trying my best to get a very low price. Tax selling most likely ends shortly. It’s almost over. So might have to make a move, but trying to deal with macro tides at this time is not easy…will it drive the market even lower? Maybe. Bottom line, though, DNA has been beat to chit as has the entire bio sector. They are life changing opportunities to be found in these beat down bio share prices.
BRT says:
December 14, 2022 at 1:10 pm
f/when it goes back to $3.20 he will only be at breakeven and I’ll have at least a double….decisions, decisions….
He bought at $10
I am not incorrect. I said you bought at 10. You did buy at 10.
Tax selling most likely ends shortly.
lol, tax selling? Is that to offset all those gains that people made in stocks this year?
Fed does its 50 bp thing, and certainly no dovish talk or any indication of a pivot however one defines that. In fact I found it quite hawkish.
Reading comprehension? I clearly said I made a big mistake with the FED and my understanding of liquidity….and I will never make that mistake again. Didn’t even have to pay much for the lesson, which is a beautiful thing.
SmallGovConservative says:
December 14, 2022 at 2:21 pm
The Great Pumpkin says:
December 14, 2022 at 10:58 am
“….next bull market, you guys are all going to claim I am just lucky…I made big mistake in 2021 and have since learned my lesson….never ever fight the FED…”
Sam Pumpkin-Fried — I f*cked up, but it’s someone else’s fault…
1:52 I hear ya. Agree.
Out of half my hedges, all of the ones expiring today.
Thank you, Jay….
Yes, a small buy that is basically nothing. Yet, you made it seem like my avg position in the company is at 10.
BRT says:
December 14, 2022 at 2:34 pm
I am not incorrect. I said you bought at 10. You did buy at 10.
Tax selling most likely ends shortly.
lol, tax selling? Is that to offset all those gains that people made in stocks this year?
Now my feeling is someone should take him out…. permanently.
U.S.-based employees were offered at least two months of pay and a month of severance to comply with federal and local labor laws. That deal came only after Twitter considered not paying any severance at all.
But the Times reported that Twitter leaders have discussed how the company could deny the payments it had agreed to and then just wait for lawsuits from the stiffed ex-workers. The paper added that many people have yet to receive separation paperwork weeks after they stopped working at Twitter.
(Some executives were set to receive millions of dollars upon termination, but Musk claimed they were fired for “cause,” which would void any severance agreements.)
“This is hilarious. Hottest toy this season.”
Right back at you, Fabs, a post of yours with which I agree 100%…
The docs being stuffed in the tanning bed and grave were hilarious.
If someone didn’t make that for real, they ought to…serious bucks to be made selling that lol.
” Twitter leaders have discussed how the company could deny the payments it had agreed to and then just wait for lawsuits from the stiffed ex-workers. ”
“Now my feeling is someone should take him out…. permanently.”
What? Don’t Americans believe and trust in the “legal” system? Why do they need to resort to this?
Truth, Justice, and the American way? To protect and serve?
These captains of industry need to fear the slighted common man.
Justice is blind. Take two to the head. No need for trials, lawyers, or lies.
Just pure sweet old-fashioned law and order. Incel.
Saw this relative to the dot plot….. market doesn’t seem to give a shit…. I am pissed about the curve, because I was planning on doing some stuff…
“Most officials penciled in plans to raise the rate to between 5% and 5.5% next year, with the median projection implying a further 0.75 percentage point in rate rises. In September, they anticipated lifting it to around 4.6% by the end of next year.”
“These captains of industry need to fear the slighted common man.
Justice is blind. Take two to the head. No need for trials, lawyers, or lies.”
Why don’t you man up, grow a pair, get in your Beemer and be the hero you always wished you were?
Where you live the only one who has what you need to deliver two to the head are the popo.
Why don’t you eat a dick?
It appears the research on which this article is based has been highly influential.
The upshot is fuck you and your priviledged kids. Prestigious colleges have the moral imperative to discriminate on the basis race and gender…..
“Third, to admissions officers of elite colleges: Do better. America’s most selective colleges can, it seems, change the lives of minorities and low-income students. But they’re still bastions of privilege. They enroll more students from the top 1 percent of the income scale than the entire bottom 60 percent. In this way, elite institutions are like factories of social mobility being used as storage facilities for privilege; they have the potential to use their space to manufacture opportunity at scale, but mostly they clear out real estate for the already rich, who are going to be fine, anyway. In America today, high-income parents are desperate to find the right colleges for their kids. It should be the opposite: The highest-income colleges should be desperate to find the right kids for their seats.”
https://www.theatlantic.com/ideas/archive/2018/12/does-it-matter-where-you-go-college/577816/
YUM!
Ex says:
December 14, 2022 at 4:18 pm
Why don’t you eat a dick?
“The Man Show to the Emasculated Man Show” funny that you Gary and the rest of the GOP have been serving up that old troupe for the same six years. I think you forgot to add woke delusional snowflake to your post.
I think the real point is that Donnie just keeps serving up new material to try and keep himself relevant.
https://twitter.com/ProjectLincoln/status/1603082679456788480
Juice * gardens not to scale.
“Saw this relative to the dot plot….. market doesn’t seem to give a shit….Most officials penciled in plans to raise the rate to between 5% and 5.5% next year…”
No credibility Fed…FFR futures max at 4.95 in May-Jun 23; end 2023 with 4.40 FU…two year closed today at what, 4.22?
Nice article on colleges…I know you advise others a lot on college placement, you have any through that process yet?
Why don’t you eat a dick?
Well, I most certainly don’t know why anyone would want to, but it does appear someone has taken your nuts and eaten them.
Or they are in a jar of formalin on top of your mantlepiece. Do you ever wish someone could reattach them and restore their blood flow or does being a eunich suit you better?
Ah yes, the ol’doubling down on a declining single digit stock. I am so excited for you pumps, as I know that 60% of the time, it works every time.
Separately, I went to my daughters end of the year presentations for her public speaking class. A six year old classmate gets up there and in his most confident voice goes, “today I am going to talk about the band Muse. Muse is a rock band established 18 years ago…”
I could barely contain my excitement. Excellent taste in music.
suit you better?
Oops, sorry, meant to say “tickle your fancy”
Now go on, scurry off, and muster up the courage double tapper.
This stock has strong institutional backing. This isn’t your normal dollar stock. DNA is going to hopefully change the world. Their CEO is a young Musk. These aren’t get rich types in management. These MIT brats are trying to change the world. And they will…
Boomer Remover says:
December 14, 2022 at 4:50 pm
Ah yes, the ol’doubling down on a declining single digit stock. I am so excited for you pumps, as I know that 60% of the time, it works every time.
Again, the company was founded in 2007. It was private up until recently. They have been building this for a long f’ing time. They are on the cusp of being profitable…prob 5 years from now. I know what I own…
Is this a high risk stock…sure. Until it’s profitable, it will always be high risk. But someone has to invest in innovation…it doesn’t have to be you though if you don’t have the stomach for it. This is not for individuals that can’t handle 50% swings or higher. That’s a signature of high growth companies in start up stage….so much uncertainty, hence, why such a big reward.
If you can’t bare to see your investment at times in the red…stay far away and go buy coke stock.
And we send billions to Ukraine-instead of taking care of our own….
REVEALED: The SECOND suburban husband – who lives in luxury $1M New Jersey home with glamorous wife and children – indicted for smuggling nuclear weapon tech to Russia in multi-million dollar plot orchestrated by Moscow’s secret service
Vadim Yermolenko helped smuggle tech used in nuclear weapons into Russia, according to court documents
He lives with his wife, Diana, and their three young children in a desirable four-bedroom, four-bathroom home in Upper Saddle River, New Jersey.
Yermolenko, a US citizen, and Brayman, an Israeli citizen born in Ukraine, are named in an indictment which was unsealed on Tuesday when both appeared in court charged over the plot.