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Bo McGillacutty
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Comments by "Bo McGillacutty" (@Mrbfgray) on "Jim Cramer Defends Elon Musk's Crazy Call: Every CEO Would Love To Go Off Like That | CNBC" video.
YES. Crucial point.
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For those confused--mix of humor/sarcasm and dead serious from Cramer, but I know him well enough to decipher, first 90 seconds he MEANS IT.
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Yes Kevin is very good but he sure didn't help us HERE did he. I made a small fortune betting against Kevin's take on TSLA.
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@PassportGaming Success "guaranteed"?? You don't know what a stock even IS if you actually believe that. Were YOU all in all that time? It was SO obvious to you, right!? I invested well over $100k--I'll let you guess where that has me now, but don't kid yourself it could crash tomorrow.
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@PassportGaming Up until about 2 yrs ago Elon repeatedly said they were on the verge of failure, that's why he floated the idea of Apple purchasing Tesla, remember?
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AND those numbers requested were written up for everyone to see...he didn't need to regurgitate redundantly.
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And THAT is why you are penniless! Simple minds earn stupid rewards, hahaha.
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Bit insulting to use the God word on an engineer. ;-)
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@Economivision Hahaha! THAT didn't age well did it!!! But never mind, many of us, self included, have gained FORTUNES on your self deception, greatest transfer of wealth from the wealthy to us "dumb retailers" in the brief history of humanity.
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@Economivision Yes it was still very vulnerable at that time. I had to see successful mass production 1st, didn't load up for long term until May 2019. How about you? But you said it was 'destroying itself' which was silly even for that moment. It was still roughly on Elon's 2014 target of 500k cars delivered in 2020 and doing plenty otherwise right despite the struggles. 1000X?? Only in the minds of those who hadn't followed the story closely, MANY called it correctly and profited handsomely! That's what has supported the stock all these yrs.
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@Economivision " we didn't have the funding..." interesting choice of words. Maybe it's too much of an outlier to matter much but instead of making excuses for faulty predictions perhaps WE should learn from our mistakes? ;-)
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@Economivision You won't ever see 200B market cap from here.
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@Economivision Your expecting nearly a 4X crash? Anything is possible but I made a modest fortune betting against that sort noise since $38. It was the increasingly shrill shorties that gave me the final dose of conviction to bet against them. I expect at least a $4T market cap before 2030. And although I timed my entry with intense focus I don't expect to repeat such an alignment of factors ever again....timing the market is generally a fools errand.
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@Economivision What comps? Amazon or Alphabet perhaps? Those are the only two I can think of remotely comparable and they both pale in terms of spectacular accomplishments although a decade or so older. Apple??
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@Economivision As for valuation: Zoom and many other notable tech stocks have price to revenue numbers far greater than TSLA.
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Actually he's both sarcastic and expressing his admiration for Elon at the same time, it's complicated. (1st 1:30 minutes Cramer means it)
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Hard for kids to grasp but ADULTS change their minds openly when their awareness or the facts change.
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@PassportGaming If you look at the chart he was only several months later than optimal for the prior 6 yrs. But if you go back to the IPO--yes in hindsight we all should have been in it. However, before mass production was proven and they were perpetually on the edge of going under...it was just to risky for most of us.
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@PassportGaming IF one was to follow Cramer on TSLA they'd gotten in at around $60/share, NOT BAD, fortunately I backed up the truck starting $38.
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Listen CHILD, Cramer isn't even allowed to own individual stocks bc of his TV show. Tune into reality before broadcasting your ignorance and simple mind.
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@mactek6033 It's a charitable trust and there are no secrets and no personal profits. You can check but I'll bet good money he had ZERO in TSLA at the time for the trust.
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@mactek6033 Hahaha. Yeah fortunes are made writing niche books everyday...anyway that's all a GOOD thing. One's reputation damn well better reflect their track record. He makes mistakes and it's up to us all to judge HIS judgment, you don't get to be lazy and just blindly follow anyone You realize Jim booked a couple hundred million (in today's dollars) back in his old hedge fund, right? SURE he's desperate for a couple ten grand more!...damn near under a bridge already.
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Yes but a BIG diff between the company and the STOCK, Cramer only got fully behind the stock some $60/share mid 2019. Fortunately I happened to switch to believe in TSLA in 2018, tho I long believed in Elon and his enterprises I had to see mass production succeed...backed up the truck from $38 and never looked back. HA!
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