Gloat all you want but I made multiple six figures by ignoring all these posts in here! Why? Because they are all negative. No good news here in these message boards, all of them. Just people always trying to short the stock and making up bogus claims or innuendos. Good luck to the longs. I'm out for now until things settle down.
The only money losing scam is you lee.carda! You keep losing money shorting the stock and claiming its a scam when it is in fact you scamming.
Wrong! When people at church talk about the iPhone and say they aren't going to upgrade anymore, it is a problem. Everyone I know has something on their iPhone's that isn't working like it used to or it is super slow now after upgrading the iOS. But then again there is always someone who likes to be a contrarian just to be a jerk and make conversation.
iTunes has got to be the worst piece of software I have ever worked with. Non-intuitive and never functions the correctly twice in a row. It is a piece of junk! And it is both on the Windows version and all the Apple devices. If they don't fix and test the software, I'm not going to buy anymore Apple hardware either. Enough, test the effin software before releasing it to the public!
I think I need to put you on ignore. Your logic is effed up. Everyone is doing so well with electric motor design that they can't compete with Tesla in performance or range of the batteries. NOT. The only reason those companies sold is that they can use the massive amount of money they invested in Tesla to fund their own development effort. If you remember Musk opened all his patents but it still takes time to copy and build. That's what I would have done!
I more than doubled my money, I didn't lose anything. I was just going to wait just before lockup expires because all the shares coming on the market by insiders will drive the stock down. Instead he sold before the lockup expired. What use is a lockup and why even call it that?
Why have a lock up period if they are allowed to dump their shares? And on top of that whoever the underwriter is should be fired, fined or get out of the business of underwriting! Who does an IPO for $400 million and less than 5 months later before lockup expires turns around and asks for another $800 million? Poor analysis on the underwriters part.
prop_trader, are you science trained or not? Making statements when 99% of the world's scientists agree is not to smart on your part. The more important part right now is to finish the cars and then worry about the coal fired plants since they are built already. It's not going to change overnight, just like it didn't to get to the high percentage of coal we burn now. It took decades. I suppose if you are shorting the stock like keef and ballcoach, who come up with poor analysis too then, keep writing bogus claims here in the message board so I put ignore user on you too.
Think about this. When the VC sold his shares at 92 a while back guess who stepped in and bought them all to stop the price from falling? He is not in it for the money per se as much as he wants to stop all the burning of fossil fuels which is slowly destroying the planet as we know. Plus on top of than he opened up all his patents so anyone can use them to get the other automotive companies rolling in the same direction.The pattern is to try to change the world, not see how much money he can acquire! If that happens along the way, so be it.
Unlike GoPro which just announced another round of financing less that 5 months since the IPO and cashing out(charity - right) before the lockup period has expired! Musk is using the money he has wisely and still has $2.3 billion to build out the supercharger network, get the battery factory going and finance R&D for X and 3 models. Maybe in the future a new round of financing will be needed but we should see progress on all fronts, unlike GoPro. But like someone else said I don't understand what is holding up the Model X. The model S already has the AWD and the battery issues solved. Is it the gull wing doors giving them problems? Personally I'd rather have a normal 4 door SUV just so I can attach a canoe, skis or luggage to the roof. I'm hoping he pulls this off for the sake of all of us.
Damn, it's cold here today, single digits.
DEFINITION of 'IPO Lock-Up'
A contractual caveat referring to a period of time after a company has initially gone public, usually between 90 to 180 days. During these initial days of trading, company insiders or those holding majority stakes in the company are forbidden to sell any of their shares. Once the lock-up period ends, most trading restrictions are removed.
Also referred to as "lock-up period".
INVESTOPEDIA EXPLAINS 'IPO Lock-Up'
An IPO lock-up is done so that the market is not flooded with too much supply of a company's stock too quickly. Typically, only 20% of the outstanding shares are initially offered to the investing public. A single large shareholder trying to unload all of his holdings in the first week of trading could send the stock downward, to the detriment of all shareholders.
So how was GoPro management able to sell $400 million shares of stock for charity and then turn around and issue $800 million for more money? Can someone explain why the SEC doesn't crack down on GoPro?
I like the product and something is wrong with the two actions they have taken before lockup expires in December. What I don't understand is why there is a lockup period if they can sell shares for a charity. And why they are coming back for more money 5 months later. Weird.
It is still a bogus issuance! This stock is way above its initial IPO which means they could have borrowed against it to pay their debts for manufacturing the product in China for the holidays. And not only that, the underwriter of the the IPO should be fired for not figuring that out before the IPO so they could adjust the offering! Something else is going on. Personally I'm out 100%, switched to Alibaba because at least the CEO has ethics and told the world on 60 minutes that customers come first(just like the Nordstrom model), investors shares will increase when customers are happy and keep coming back (thus increasing profits).
I don't even though I doubled my money. I have never seen management cash out stock options before the lock up period expired which apparently is December 23rd. I was aware of the lockup and was planning on getting out before it expired. Why? Because they only make one product and I can't imagine Nikon and Canon sitting on their haunches watching this company make millions off a single camera. And now they are asking for more money and it is a huge amount, $800 million. Something is fishy here. What are they saying the new products are? Same camera with new features doesn't cost that much. Buying other companies? Why, they own the action market right now. The company only has 650-700 employees so why so much money? I just get bad vibrations from this. Like I said I sold, made a 100+ percent return. I'm out because of CEO and underwriter actions. Just thankful that my intuition kicked in. If I had enough guts I would short this stock.
Exactly, the lawyers take it all. Like I said, I've been trading for a long time and never seen this before a lockup expired.
I really liked this company and bought it at 37.75. Great stock I thought and it shoots up to the 90's in 3 months. While traveling I'm at the airport and waiting for my next flight and see a drop of over $10.00/share. What the hell is going on? I knew the lock up period hadn't come up yet which is in December. Lo and behold I find out that the CEO and wife with JP Morgan want to cash out $400 million to fund their foundation! What! Why couldn't you wait 2 more months until the lockup period expires? I dump all the stock at $80/share. Still a nice return but I hold stocks that I deem ethical and forthright and this company did not fit the bill. I wait for the fallout and over the course of the next month it goes down into the high 60's but starts heading back up again. I take half of the proceeds and buy back in. Big mistake! Today I learn that now they want to issue another $800 million shares! Why within such a short time frame after the IPO which was less than 6 months ago? Did the managers of the IPO miscalculate on everything that they need more money. All of this just sounds sleezy. Why $800 million? Hell, Tesla is spending a ton of money building out infrastructure for the supercharges and gigafactory. What the hell is going on with GoPro that requires that much money? I smell a rat! Bad behavior and if it isn't illegal, it certainly is not ethical or forthright! I'm out. Didn't lose too much but I hate losing anything! Message to management and whoever is doing all this. Wake up, your management style SUCKS and the greed and dishonesty will sink this company in the long run if they continue down this road. All of this is a first, never seen it in 40 years of trading.