2021 Q1 Earnings
Still expecting a 5-10% market pullback. Either way it will be interesting
Comments
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Though I agree with your overall sentiment, I wouldn't read too much into Tesla. They beat, but many were skeptical of the sausage makingBaseman said:Tesla exceeded expectations and went backwards, Expecting Google to exceed. Bad sign if it drops. A lot of smoke Amazon will blow their numbers away and split the stock.
Still expecting a 5-10% market pullback. Either way it will be interesting
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I think this was sell the news. Tesla was up 15% the couple weeks prior to the report. The beat was already baked in. Tesla is a stock you throw money at and forget about it.
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I honestly don't put a lot of weight on what the market does after earnings. There's always other bullshit activity going on in the background affected a stock's price.Baseman said:Tesla exceeded expectations and went backwards, Expecting Google to exceed. Bad sign if it drops. A lot of smoke Amazon will blow their numbers away and split the stock.
Still expecting a 5-10% market pullback. Either way it will be interesting
I once worked at a big dividend payer. Stock went UP after a dividend cut, which for that company was a nuclear event.
Quarterly earnings are, IMO, a stupid basis for making investments in most companies. It's all market participants getting together and agreeing to pull each other's dicks.
Can you imagine making an investment decision in long-term business based on a quarter? It's so fucking dumb.
And here's the thing. Public companies are only obligated to file a 10-Q. They don't have to do earnings releases and the whole circus. The companies themselves feed into it.
Tell me every six months, at most, how a company is doing unless something specific and material happens in the interim. Otherwise, yawn.gif.
IMO. -
It was better for the whole of capitalism if quarterly filings were replace by half yearly if not simply annual statements. Really poor decisions are made the earnings announcement shenigans and subsequent hit/miss to the share price.creepycoug said:
I honestly don't put a lot of weight on what the market does after earnings. There's always other bullshit activity going on in the background affected a stock's price.Baseman said:Tesla exceeded expectations and went backwards, Expecting Google to exceed. Bad sign if it drops. A lot of smoke Amazon will blow their numbers away and split the stock.
Still expecting a 5-10% market pullback. Either way it will be interesting
I once worked at a big dividend payer. Stock went UP after a dividend cut, which for that company was a nuclear event.
Quarterly earnings are, IMO, a stupid basis for making investments in most companies. It's all market participants getting together and agreeing to pull each other's dicks.
Can you imagine making an investment decision in long-term business based on a quarter? It's so fucking dumb.
And here's the thing. Public companies are only obligated to file a 10-Q. They don't have to do earnings releases and the whole circus. The companies themselves feed into it.
Tell me every six months, at most, how a company is doing unless something specific and material happens in the interim. Otherwise, yawn.gif.
IMO.
Still do the 8K filings, material events, etc. but quarterly is overkill.
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Couldn't agree more but most of the fags in the market trade off the wind and I'll take advantage of their shifting sentiment. I do want to hear Google has 6.5 billion page views a day up from 3.5 billion a year ago. I bought more Google today when it was up $100. Don't plan on selling.creepycoug said:
I honestly don't put a lot of weight on what the market does after earnings. There's always other bullshit activity going on in the background affected a stock's price.Baseman said:Tesla exceeded expectations and went backwards, Expecting Google to exceed. Bad sign if it drops. A lot of smoke Amazon will blow their numbers away and split the stock.
Still expecting a 5-10% market pullback. Either way it will be interesting
I once worked at a big dividend payer. Stock went UP after a dividend cut, which for that company was a nuclear event.
Quarterly earnings are, IMO, a stupid basis for making investments in most companies. It's all market participants getting together and agreeing to pull each other's dicks.
Can you imagine making an investment decision in long-term business based on a quarter? It's so fucking dumb.
And here's the thing. Public companies are only obligated to file a 10-Q. They don't have to do earnings releases and the whole circus. The companies themselves feed into it.
Tell me every six months, at most, how a company is doing unless something specific and material happens in the interim. Otherwise, yawn.gif.
IMO.
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Buffett agrees. He prefers yearly. Companies can manipulate quarters, harder to fool on the full year.PurpleThrobber said:
It was better for the whole of capitalism if quarterly filings were replace by half yearly if not simply annual statements. Really poor decisions are made the earnings announcement shenigans and subsequent hit/miss to the share price.creepycoug said:
I honestly don't put a lot of weight on what the market does after earnings. There's always other bullshit activity going on in the background affected a stock's price.Baseman said:Tesla exceeded expectations and went backwards, Expecting Google to exceed. Bad sign if it drops. A lot of smoke Amazon will blow their numbers away and split the stock.
Still expecting a 5-10% market pullback. Either way it will be interesting
I once worked at a big dividend payer. Stock went UP after a dividend cut, which for that company was a nuclear event.
Quarterly earnings are, IMO, a stupid basis for making investments in most companies. It's all market participants getting together and agreeing to pull each other's dicks.
Can you imagine making an investment decision in long-term business based on a quarter? It's so fucking dumb.
And here's the thing. Public companies are only obligated to file a 10-Q. They don't have to do earnings releases and the whole circus. The companies themselves feed into it.
Tell me every six months, at most, how a company is doing unless something specific and material happens in the interim. Otherwise, yawn.gif.
IMO.
Still do the 8K filings, material events, etc. but quarterly is overkill. -
Go look at a annual report for say Coke in the 1950's. Whole thing was on one page. No bullshit ebitda, adjust this, ex-that, options, etc. What they took in, what their expenses were, what was left over.
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Thanks, Enron and Sarbanes Oxley.godawgst said:Go look at a annual report for say Coke in the 1950's. Whole thing was on one page. No bullshit ebitda, adjust this, ex-that, options, etc. What they took in, what their expenses were, what was left over.
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Enron and Worldcom did more to change our country than anything any politician, including Troomp, has done in the last 50 years.PurpleThrobber said:
Thanks, Enron and Sarbanes Oxley.godawgst said:Go look at a annual report for say Coke in the 1950's. Whole thing was on one page. No bullshit ebitda, adjust this, ex-that, options, etc. What they took in, what their expenses were, what was left over.
Goes to show, it's all about the economis and capital markets bitches.
It's all about the Finance Club. -
Have made some good cheese because of it all. No foreskin off the Throbber's teeth, that's for sure.creepycoug said:
Enron and Worldcom did more to change our country than anything any politician, including Troomp, has done in the last 50 years.PurpleThrobber said:
Thanks, Enron and Sarbanes Oxley.godawgst said:Go look at a annual report for say Coke in the 1950's. Whole thing was on one page. No bullshit ebitda, adjust this, ex-that, options, etc. What they took in, what their expenses were, what was left over.
Goes to show, it's all about the economis and capital markets bitches.
It's all about the Finance Club.
And the amount those fucking securities attorneys rake, holy shit!!!
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PurpleThrobber said:
Have made some good cheese because of it all. No foreskin off the Throbber's teeth, that's for sure.creepycoug said:
Enron and Worldcom did more to change our country than anything any politician, including Troomp, has done in the last 50 years.PurpleThrobber said:
Thanks, Enron and Sarbanes Oxley.godawgst said:Go look at a annual report for say Coke in the 1950's. Whole thing was on one page. No bullshit ebitda, adjust this, ex-that, options, etc. What they took in, what their expenses were, what was left over.
Goes to show, it's all about the economis and capital markets bitches.
It's all about the Finance Club.
And the amount those fucking securities attorneys rake, holy shit!!!
