They rejected the 50% wage hike offer so likely going on strike
Stock Markets
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Last: 15 hrs ago by AgCPA95
Wait they rejected a 50% raise?
BlueTaze said:
Anyone following the Longshoreman strike potentially shutting down ports? Chance of a major disruption vs deal?
The Longshoremen broadcasted their threat of a strike too soon. Last I read, retailers frontloaded their Christmas inventory orders and 80%+ has already arrived. The strike will affect perishable goods, but have minimal effect on non-perishable. We'll all see higher prices for some things, but that's just basic supply and demand economics. This is only my opinion on events and I'm not an economist, but I have stayed at a Holiday Inn.
Brian Earl Spilner said:
Limit orders adjust automatically for splits on Schwab/TOS, correct?
Guess not. Had to replace my buys. Still can't enter my sells without causing an error on TOS.
Brian Earl Spilner said:
Wait they rejected a 50% raise?
Sounds like they want a 61.5% raise
Gimme a break!! Ridiculous
"you betta thank a union!"
Fidelity writes it down to $9.4 billionI bleed maroon said:Hmmm... Last I heard (a few months ago), it's worth $12 billion or so, based on Fidelity's written down value of their ownership stake. Cutting costs helps a little, but running off advertisers (their main revenue stream) is not a great business model. It's mostly his money at stake, so I get it that he's doing what he wants, but I don't see his management approach working at X. He can't seem to be able to give strategic guidance, delegate, and back out of the limelight (he just has to weigh in on controversial topics, doesn't he?). He's spread way too thin with all his plethora of businesses, as well.Brewmaster said:
He's making money hand over fist with twitter now after trimming the fat out. I'd happily waste 45B on it if I was him too! Consider also X is becoming the news, replacing all of the MSM. X also just launched a TV app and is easily now the #1 in social media. Near limitless possibilities.
Once again, I applaud Elon as an innovator of very valuable companies such as Tesla and SpaceX, but as a turnaround artist, he's unproven, at best.
https://techcrunch.com/2024/09/29/fidelity-has-cut-xs-value-by-79-since-musk-purchase/
Hope you're sitting pretty
WH just said that they have reports that Iran attacking Israel with ballistic missiles shortly
Squirrel. Nut.CC09LawAg said:
Hope you're sitting pretty
Haha I feel you on that. Got my stop set and seeing how deep the bottom goes
I bought the 10/31 SPY 560P so I have some time.
Not sure if covered in here earlier, but Fidelity has extended the settlement period for up to 1 month. Know this before making deposits as there has been zero communication on it and even their confirmation emails do not state it. Just got off the phone cussing them up one side and down the other and filed a complaint with the SEC.
somehow, the markets will shrug it off...
I just want mass chaos for this donkey administration to get these Marxists out of office in a month...
I just want mass chaos for this donkey administration to get these Marxists out of office in a month...
Had 565s expiring today, just got stopped out for 300% - so now it will run down to 560 for sure
FUTU - the one that got away. Just buying shares after hours when I posted would have you up 30%. Sorry I was late and missed it. Could have made a lot of people here alot of money.
How are you feeling these days? A week ago you were under the weather weren't you?
Much better, thanks Doc.spud1910 said:
How are you feeling these days? A week ago you were under the weather weren't you?
Yeah - I think this should further dispel the notion that Mr. Musk is an infallible business leader. He is NOT a turnaround artist, in any case. He has built transcendental businesses from the ground up (Tesla, SpaceX) and if he would simply grow and optimize those, he will be recognized as one of the greatest of all time. This propensity to pursue side gigs with hands-on micro-level activity and random haphazard communications might be his undoing, if he doesn't keep his eye on the ball for the bell-cow businesses.Diggity said:Fidelity writes it down to $9.4 billionI bleed maroon said:Hmmm... Last I heard (a few months ago), it's worth $12 billion or so, based on Fidelity's written down value of their ownership stake. Cutting costs helps a little, but running off advertisers (their main revenue stream) is not a great business model. It's mostly his money at stake, so I get it that he's doing what he wants, but I don't see his management approach working at X. He can't seem to be able to give strategic guidance, delegate, and back out of the limelight (he just has to weigh in on controversial topics, doesn't he?). He's spread way too thin with all his plethora of businesses, as well.Brewmaster said:
He's making money hand over fist with twitter now after trimming the fat out. I'd happily waste 45B on it if I was him too! Consider also X is becoming the news, replacing all of the MSM. X also just launched a TV app and is easily now the #1 in social media. Near limitless possibilities.
Once again, I applaud Elon as an innovator of very valuable companies such as Tesla and SpaceX, but as a turnaround artist, he's unproven, at best.
https://techcrunch.com/2024/09/29/fidelity-has-cut-xs-value-by-79-since-musk-purchase/
I like him, respect his creativity and vision, and wish him the best. But I wouldn't call his Twitter investment anything but a total fail from a business perspective so far.
So I gas oil & gas stocks should sail?ProgN said:
Iran readying 'imminent' ballistic missile attack against Israel, U.S. official tells NBC News (cnbc.com)
Some things are more important than money
IDK but feels like we've been having East and Middle East crisis and wars for awhile now.Cru said:So I gas oil & gas stocks should sail?ProgN said:
Iran readying 'imminent' ballistic missile attack against Israel, U.S. official tells NBC News (cnbc.com)
And that's his choice - more power to him! Don't let your politics cloud your business judgment. I'm sure Fidelity and other investors wanted a return on their money, not free speech or a political statement.CC09LawAg said:
Some things are more important than money
But, surely you aren't arguing that losing 75%+ on your investment demonstrates good business acumen? No way!
You would think that would be the logical conclusion, but this market really hasn't be very logical this year. There's people in here with way more knowledge than me when it comes to the O&G sector so I defer to them.Cru said:So I gas oil & gas stocks should sail?ProgN said:
Iran readying 'imminent' ballistic missile attack against Israel, U.S. official tells NBC News (cnbc.com)
Glad I've been patient in my 401k brokeragelink accounts. Had gone to cash on a portion of it last month and had been sitting on it in case something like this happened. First of those limit orders on SOXQ went through at $40.
Got some QQQM buys below at 195, 191, and 188.
Got some QQQM buys below at 195, 191, and 188.
Bob Knights Paper Hands
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How long do you want to ignore this user?
Cru said:So I gas oil & gas stocks should sail?ProgN said:
Iran readying 'imminent' ballistic missile attack against Israel, U.S. official tells NBC News (cnbc.com)
If there's a war in the ME, oil and gas prices will increase dramatically. I don't think many US oil companies have a ton of Iran exposure, so maybe Oil companies would handle that volatility better than many other sectors.
No, but you seem to be conflating his business acumen with a passion project and presenting a false dichotomy. It's a disingenuous argument.
I'm not letting my politics cloud anything.
But I will leave it at that because this is the stock market thread and I do not want to derail.
I'm not letting my politics cloud anything.
But I will leave it at that because this is the stock market thread and I do not want to derail.
OK - good call on stopping a derail - this will be my last word. However, you're totally off base (and being more than a little disingenous yourself???). If it was truly a personal passion project, then he would have presented it that way. It was a business decision (go re-read the initial coverage again, if you want), and he convinced other investors that it was a good deal, and would make them all a lot of money. If you say otherwise, then he's a criminal who falsified information in a house-of-cards proposal, and should be locked up. No - he expected his personna, reputation, and business acumen would not only "set Twitter right", but would also make boatloads of money. Well, he missed the boatloads, and has demonstrated poor business judgment, for his Twitter acquisition.CC09LawAg said:
No, but you seem to be conflating his business acumen with a passion project and presenting a false dichotomy. It's a disingenuous argument.
I'm not letting my politics cloud anything.
But I will leave it at that because this is the stock market thread and I do not want to derail.
Further discussion of this topic should go on the Politics board (where I don't post), as it has been proven to be a poor business decision (which is fair game to discuss on this board).
Gaeilge said:
Not sure if covered in here earlier, but Fidelity has extended the settlement period for up to 1 month. Know this before making deposits as there has been zero communication on it and even their confirmation emails do not state it. Just got off the phone cussing them up one side and down the other and filed a complaint with the SEC.
What does this mean?
I also have no idea what he's trying to say.
Settlement period for trades is currently T+1 like everywhere else.
Settlement period for trades is currently T+1 like everywhere else.
There's been instances of check fraud with Chase and Fidelity where people write a big check to themselves and immediately cash it. Maybe he's talking about new rules on checks clearing instead of stocks.
Correct. It applies to deposits. Not funds already in the account.techno-ag said:
There's been instances of check fraud with Chase and Fidelity where people write a big check to themselves and immediately cash it. Maybe he's talking about new rules on checks clearing instead of stocks.
I did an EFT on Sept. 20th, but there was no advisement that they changed the settlement time from 1-6 days to up to 30.
So if I move money over there today I won't be able to trade with that money for a month? I was about to move money over there literally tomorrow so if that's true i will be calling them today...
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