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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Michael Burry Predicts Inflationary Market Crash, Shorts ARKK" video.
5:20 Your argument assumes lots of people will buy brand new Teslas even in a Recession. But in reality there's no way they could make enough cars to justify their share price any time in the next 30 years. Edit: Burry is buying puts because a short position can blow up in your face when dealing with meme stocks.
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@cubicj like it's possible for one company to upend several completely unrelated sciences. Most of Elon's ideas will go nowhere.
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I've been considering shorting her for a while now as she's buying into ALL the bubbles. I already got a put on ICLN and NKLA......
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@GoblinUrNuts it won't happen. I bet the lives of everyone on this thread. Science isn't easy. Even with the most brilliant minds in the world and a Afrikaner billionaire throwing his money away they still don't have an EV that competes with ICE on the market. And you mean to tell me they can sidequest into equally daunting tasks without causing delays?
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He won on GME by buying in 2020 and selling during the squeeze. He's a deep value investor. He looks for crazy wacky valuations to go both long and short on.
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Dude, Burry's major positions always hit the news.
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It's his biggest single position, IIRC.
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It's not a matter of the future success of Tesla, but it's insane stock price.
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@Den99973 Tesla's PE is ten times that of microsoft. Even if Tesla takes 100% of the US car market, it's still overvalued. That plus a half dozen other EV companies and how all the older firms are also building EVs (contrary to what ecoterrorists will tell you). Did you really research your stock picks or are you buying into the hype and throw jargon around to justify it?
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@Den99973 when you lose it, don't you go rioting and spreading lies about sabotage.
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@leonleon2021 it's a green energy total market ETF
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@GoblinUrNuts It. Doesn't. Matter. What they do later. They'll still be overvalued. And also go broke, because they're overleveraged as is and depend on sales of currently non-existent tech to pay the bills. Also, the time scale people are dealing with is pure science fiction. If we went full EV tomorrow, the majority of cars on the road will still be gas 5-10 years from now. Because that's how long cars last. But we won't do that tomorrow as the cars and factories haven't been invented yet. If they were invented tomorrow, it would take 5-10 years to build all the infrastructure. But they won't be invented tomorrow, in fact they may be physically impossible but we don't know it yet. Even if Tesla succeeds, you're talking about succeeding in at least 20-40 years. This is a speculative bubble no matter what metric you use.
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@oOGuArdeRKilVOo which means he was a whole lot smarter than the fools buying during the squeeze
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Source?
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@gordonjohnson2497 one of you fools just needs to actually find a performance chart. But I'm pretty sure you're only saying that because he's got the opposite position you do.
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@TrashwareArt he doesn't. He goes both long and short.
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@rafaelmolina123 eh?
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@fuzzjunky because his advice has always been more sound than yours ever could
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@fuzzjunky you deserve to lose money for lying.
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@fuzzjunky lying about your portfolio does nothing. I'd wager you've been investing for less than two years and only own meme securities.
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@fuzzjunky that sounded like a confession.
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@fuzzjunky ha. You've been trading a matter of months, haven't you?
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@gordonjohnson2497 I don't care, I'm not in this silly argument. And even if that's true you're original comment is still in bad faith
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@oOGuArdeRKilVOo there was no way to predict the squeeze or the surge of weebs pumping that junk. A 100% gain is a 100% gain.
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