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Irvin Mermelstein

Joined: 23/03/20

Comments by Irvin Mermelstein
Five charged with Proud Boys conspiracy in deadly U.S. Capitol attack Feb 11, 2021 12:17PM ET
Watkins will end up with appointed counsel because no lawyer wants to take her case.
Elon Musk wants clean power. But Tesla's carrying bitcoin's dirty baggage Feb 10, 2021 4:08PM ET
Bought TSLA Monday. Sold on Tuesday. Speculative stock at this point. Here come the shorts.
Chart Of The Day: Silver Rallies On Real Fundamentals, Not Fake Reddit Targets Feb 09, 2021 2:24PM ET
Hi Pinchas, excellent piece. Been in and out of silver like a yo-yo, but this feels like a solid move up.
Reddit user claiming to be Tesla insider appeared to reveal bitcoin buy a month ago Feb 09, 2021 2:17PM ET
sold tsla today. sec not far behind musk, whose antics are from another time.
House Republicans opt not to punish Greene, vote to keep Cheney Feb 03, 2021 5:51PM ET
I think needs to moderate these comment threads or shut comments down. Marjorie Greene like acts and talks like a ****** You want to cheer for her? There are places for that online. Not here.
GameStop Corp Feb 02, 2021 3:16PM ET
Sell before it goes back to $4.
Tesla Jan 31, 2021 12:57AM ET
The stock is falling. It has nothing to do with GME. Suddenly, earnings matter again and TSLA is wildly overvalued by any measure, where PE, PB, PS and P/CF. Never fall in love with a stock.
Tesla Jan 31, 2021 12:52AM ET
Tesla took in $1.58 billion in 2020, not from building cars, but by selling "regulatory credits" to GM, Ford, etc. GM can either build an EV or it can buy a "regulatory. credit" to give to state governments i in lieu of building the EV. Just like Carbon Credits. According to Zacks, in the absence of $401 million worth of regulatory credit sales during the last reported quarter, Tesla would have posted a net loss of $131 million. In 2020, Tesla posted a net GAAP income of $721 million. Without the regulatory credit sales, the firm would have incurred a loss to the tune of $859 million. The regulatory credits programs are being phased out, GM and Ford are spending big on EV production. It's a revenue stream that will dry up rather soon. Why isn't this a good short?
Dow Slips as Earnings Fall Short of Expectations Jan 27, 2021 3:00PM ET
I don't buy stocks that don't report earnings. This Robin Hood plague will end soon enough. This looks so much like the eve of the Great Crash in 1929, when everyone was playing the market comes to an and everyone was rich. The prices of stocks like AMC and GameStop are going to collapse. The shorts are making money today, which isn't supposed to happen under the RH "theory." And if the market has just a normal period of correction, I think these folks are more prone to panic selling them experienced investors.
Judge calls Capitol siege 'violent insurrection,' orders man who wore horns held Jan 15, 2021 3:28PM ET
Investors look on U.S. Capitol breach with 'muted reaction,' worry if escalates Jan 07, 2021 1:52AM ET
I expect more activity at the Capitol because the rioters were emboldened by the terrible security failure at the Capitol. But a different welcome will be waiting.
Gold Recoils Before Biden’s Expected Senate Control; New Rally Seen Jan 06, 2021 7:25PM ET
These were not "protesters." They were treasonous, violent rioters.
'We will not take it any more,' Trump says as anti-Biden protesters storm U.S. Capitol grounds Jan 06, 2021 2:23PM ET
You've been gaslighted, sir. I'm here for the investing, not your fantasy life.
Wall Street Opens Lower as Dems Edge Toward Clinching Senate; NASDAQ Down 0.9% Jan 06, 2021 9:55AM ET
Dem victories are great news for the markets.
US 30 Futures Jan 04, 2021 9:33PM ET
Tonight is Trump's rally. He'll tell the ralliers that he won the election, by hundred of thousands of votes. And this really and truly what Trump believes. This is a defective human who is not programmed to ever lose. Read the whole transcript of his call. He repeats entire paragraphs, almost word for word. Raving lunatic.
Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month Jan 04, 2021 4:57PM ET
Do people in the US really want to pay TSLA prices for a car made in China? Where's the caché in that? If rather buy American or Japanese myself.
Elon Musk says had once reached out to Apple for acquiring Tesla Dec 22, 2020 9:41PM ET
Huge short interest in TSLA, now it's the bubble within the bubble. Concensus target is $401.
Elon Musk says had once reached out to Apple for acquiring Tesla Dec 22, 2020 6:17PM ET
Typical juvenile response from Musk. If Cooke says Apple is in the electric vehicle business, then they are. The move from NASDAQ TO SP500 just highlighted how overvalued TSLA is.
Suspected Russian hackers spied on U.S. Treasury emails - sources Dec 13, 2020 9:06PM ET
This couldn't have happened on such a wide scale without Trump. He is Putin's secret sauce.
Trump revives threat to veto defense bill, teeing up battle with lawmakers Dec 13, 2020 8:51PM ET
The DOD appropriations bill passed with veto-proof majorities in both houses. What does Trump think he is doing?
Dow Falls on Tech Wreck as Apple, Facebook See Red Dec 09, 2020 7:05PM ET
McConnell lacks the votes. It's ridiculous for the market to go up and down any time Mnuchin says something, which never pans out. The market is showing some signs of returning to normalcy.
Dow Falls on Tech Wreck as Apple, Facebook See Red Dec 09, 2020 6:50PM ET
There will be no stimulus package into after Inauguration. Day.