Discover and read the best of Twitter Threads about #memestocks

Most recents (3)

I rarely tweet "threads" on the markets but I feel compelled to at this moment; mainly so I can clear my own head but also b/c I hope by sharing my thoughts I may help some other investors; I would normally do this recording @OnTheTapePod but this is a stream of consciousness
1/
as bearish & prepared as we were at FrontPoint in 2006 we were shocked at the depths/reach/contagion of the financial crisis; not nearly as shocked as the regulators/govt but shocked how little they understood about the leverage in the system and how caught off guard they were
2/
the programs the #FED/Treasury threw at the crisis (TALF/TARP/PPIP/QE/short bans) stopped the bleeding but prevented assets from clearing at free market (natural) prices & created the moral hazard that has led us to this moment, with QE2 (2010)/QE3 (2012) adding more fuel
3/
Read 18 tweets
Wanted to wait for the 10Q on $TSLA before commenting on the qtr; I'm sure 99% of people won't look through it but it always helps to clarify a few things; sec.gov/Archives/edgar… First thing that struck me off of the earnings report was
"why would $TSLA convert #BTC to Fiat ($)"; that in and of itself should make you want to dig deeper; @PlainSite has a great thread on this but let's just say that unrestricted cash is a very small component of the reported $18.9Bln "cash"; growing and extending
accounts payable ($11.2Bln btw) should raise some eyebrows ( $TSLA increasing AP from 72 to 80 days may help preserve cash but doesn't pay the bills); I would say a debt/equity offering should be coming soon and since @elonmusk sold $8.5 Billion of stock at higher prices he will
Read 7 tweets
More thoughts on the @Official_WSB crowd jumping on the uranium trade…

Wallstreetbets’ laid out the obvious uranium bull market story well on Reddit a couple days ago. 10mm followers and you can see in the market they are now taking action.

#uranium #memestocks #uraniumsqueeze
It’s such a compelling theme and imho has the greatest certianty of working out fantastic of any commodity bull I’ve ever seen or read about in history. Why?
Cause it’s a super tight commodity that takes years to materially expand supply. Utilities will be $500/lb plus if they have to and the total market size is just so tiny it’s crazy. The world richest 100 people see there net worth’s fluctuate more than the entire sector daily
Read 20 tweets

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