iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,429 Blog Posts

THE COLLAPSE SHALLE CONTINUE IN EARNEST, TOMORROW

I purposely try to avoid social commentary on the site, not due to lack of interest — but I truly do love stocks more than anything else. It does not matter to me what you’re beliefs are in any facet of life; if interested in stocks — I can talk to you for hours about this stuff.

But let it be said here for posterity, Elon Musk is a hero. His purchase of Twitter has led to the floodgates being opened in the spirit of Julian Assange, revealing a far reaching a malevolent American government infringing like a motherfucker — using Twitter as a psyop machine. We should assume they are doing all of this on all platforms, including Google. The net result has been, at least for Elon: pain.

Shares of TSLA are spiraling lower, now down more than 22% in the past two weeks.

Elon released Twitter files part 8 today. Just wow.

As for Tesla, the more Twitter files get leaked into the market the lower the shares go. I do not believe this is a coincidence. Perhaps Elon’s behavior will affect his govt subsidies and contracts? No real edge here, other than to marvel at the spectacle of it all. He had it all and only had to play ball; but he refused and now we are boring witness to an immensely powerful individual go up against the entire Neo-liberal establishment elite.

I closed +46bps, and with a 20% hedge in SOXS.

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8 comments

  1. jacked rabbit

    Or maybe he’s doing all of the selling of $TSLA to keep Twitter afloat because it is an absolute shitshow of company, he offered waaayyy too much capital for it and he’s trying to get the debt for 50 cents on the dollar so he can own it outright.

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  2. fxtradepro

    Elon is Ironman

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  3. purdy

    Elon is getting flack from purists because he hasn’t gone full free speech. But I think he is doing a lot of good. Maybe he is pushing it as far as he thinks he can go and not be killed by “The Octopus” …or “The Enterprise”.

    Anyway, one arm of the octopus directly controls foreign policy, law enforcement, intelligence, Treasury, our drooling tool of a president …and thus our nukes.

    Have a nice night.

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  4. Mr. Cain Thaler

    Musks move to rip twitter open and spill their secrets out is a brave act that would have been lauded in the 70s but it’s 2022 and everyone has a head stuffed with taco meat.

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  5. metalleg

    Maybe Elon has accepted the fact that no one gets out alive and while here, he’s going to go all in. He, like everyone else, will be gone forever someday so why not make his mark by trying to save the world?

    What’s the worst thing that can happen to him?

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  6. ezthere

    GO FOREST GO!

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  7. ezthere

    Whats the worst that can happen? The FBI raid his offices and shit him down. Never underestimate the loony left. There are enough 100 year old laws to do that.

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  8. Cricket

    Waiting for Alex Jones to return to the platform.

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