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Then why not the other 99.9%? Don't they qualify as A LOT?
OK. I'll bite, who are the 1/2 million people? I ignore at least a 1/2 million people on a daily basis (NRA and multiple sheep for example).
I'll need references. Who would blindly follow 1/2 million people you know nothing about? 500,000 people is 0.00625% of the global population. What insights are you saying they have beyond the other 99.99375%
Who could comprehend it ?.......Sheesh !......How's about 1/2 a million sheep ?
All of 'em responding to the same freaking "signals"......
Self fulfilling prophecy. Which herd are you from?
Probably, but I doubt it.
"I just have to look good, I don't have to be clear"
If everything is a question and answers are vague enough, how can you be wrong?
Who knows what goes on over conversations on Jerome's porch but...
https://www.investopedia.com/articles/investing/100715/breaking-down-federal-reserves-dual-mandate.asp#:~:text=%20Key%20Takeaways%20%201%20The%20Federal%20Reserve%27s,and%20moderate%20long-term%20interest%20rates%20are...%20More%20
The Bottom Line
Whether it is a triple, dual or single mandate, the primary aim of the Federal Reserve is to create a stable monetary environment. To achieve this, the Fed has deemed that targeting inflation (by keeping it at a low and stable rate of near 2%) is the best way to achieve such stability.2 So all the fuss about changing interest rates is really all about keeping prices stable in order to foster economic growth and promote maximum employment.
In my opinion, this board sucks almost as bad as the stock. It is full of juvenile posts that rarely have anything to do with the industry or the stock. Opinions are constantly expressed as fact. The leaps in relationships and "customers" is criminal. This board used to be one of the best on ihub. The playground mentality of the last few years is disappointing.
Been buying this week. little bit at a time.
Anytime you buy a Jeep you're overpaying.
Can we give your followers a name? Kind of like Lady Gaga's Little Monsters? Followers just seems so plain. Let's kick it up a notch. What would you suggest? How about it followers? What should we call you?
Somebody woke the old girl up.
It seemed way overdone yesterday. I couldn't help it either. I almost doubled my position. Just seems like so much coming into the strike zone here. It seems the only thing that screw this up is management. Already up this morning. Agreed, long term hold.
Is it really this bad? Market cap is currently less than half of what it was last week. Management reiterated revenue. Sucks with the convertible thing but we had to know cash was needed not too far into the future. What am I missing?
Why do some people refer to themselves in the third person?
https://www.speeli.com/why-do-some-people-refer-to-themselves-in-the-third-person/#:~:text=Some%20people%20refer%20to%20themselves%20in%20the%20third,the%20puppet.%20They%20don%E2%80%99t%20want%20to%20take%20responsibility
I did own shares. Bought in in September and October and sold in March when the cut in production was announced. I was up over 100% at one point but held too long. Love the car and concept but it would seem they got way over their skis. I am looking to get back in at some point, just waiting for the production and revenue to catch up to their price.
Only in so far as it affects currency. Foreign is in the eye of the beholder. I am seeing over 65% of revenue coming from Europe so not so much there. Americas are around 25% and Asia 10%. Check the dollar/euro to be sure but one sided rate changes usually translate into currency differences. I would imagine something as telegraphed as today's hike is hedged or factored in on the larger multinationals.
If you are talking about the ADR...
https://www.advisorperspectives.com/commentaries/2017/08/30/yes-adrs-do-carry-foreign-currency-risks#:~:text=The%20price%20of%20an%20ADR%20is%20affected%20by,holds%20local%20currency-denominated%20ordinary%20shares%20of%20foreign%20companies.
Not saying it wasn't in his contract. Aligning interests is normally a good thing. The price may have never got to those levels if the production numbers were lowered by 40% earlier in the process. My question is when was this known? A CEO/founder should get paid based on the success of a company. Share price is subjective and does not always reflect the actual health of the company. Worse, it can be influenced by timing and magnitude of disclosures by management.
Who at Lucid has the most influence over the share price? Projections for deliveries were pretty enthusiastic compared to reality. How early on did the CEO know there would be problems with the supply chain. Lots of incentive for him to keep quiet as the share price rose and his pockets filled.
Might be totally legit but optics don't look so good. Price peaked at $55.52 in mid November. $19.40 today. $260 million. Lots of incentive for the guy to push the price.
https://www.cnbc.com/2022/02/28/lucid-slashes-2022-vehicle-production-forecast.html
https://autobizz.in/lucid-motors-ceo-was-awarded-260-million-right-before-shares-plunged-by-67/
How does this reconcile with the most recent reported revenue? If industry professionals and multi billion dollar operations think it works, why aren't they buying it?
Much better than claiming the technology doesn't work when industry professionals and multi-billion dollar operations state that it does imo
https://www.schwab.com/resource-center/insights/content/does-market-timing-work
I have always acted accordingly.
Ok, I am convinced. Just let me know when you are buying and selling and I will invest along with you.
What do you think caused the anemic revenue?
Assets are a red herring at SGLB. As of 3/31/2022 total assets were $11.754 million. $9.278 million of that was cash. Not cash from sales but cash from selling equity. $9.278 million is down from $16.843 million a year ago. Total assets then were $19.031 million. They are burning through an average of $1.89 million in cash per quarter over the last year. Probably not a problem since shares are way easier to produce than sells. Sigma is not an investment. It is a gamble on swings including deceptive press releases and shady share sells.
I wouldn't be surprised if the collapse in revenue is not just the new CEO clearing the deck this quarter in order to make things looks better over the next year. Looks like typical postponement of revenue to me.
Subtracting out cash, Sigma's total assets are $2.476 million as of 3/31/2022.
Me too. 100% in, and when I say 100%, I mean 20%.
They still need to be able to make them. Demand doesn't seem to be a problem. They won't get paid if they can't produce them.
$51,844 in revenue.
How do you spin that?
Does that make you the ringleader?
JPMorgan said it took a $902 million charge for building credit reserves for anticipated loan losses and booked $524 million in losses driven by markdowns and widening spreads after Russian's invasion of its neighbor. Combined, the two factors sapped 36 cents from the quarter's earnings, the bank said.
Saying we don't have to worry about inflation in the third quarter seems pretty precise in my book.
We don’t have to worry about inflation, because it will start to drop soon. Inflation will be down by the 3rd quarter
Butting in but I think he is saying that if you can call the time when inflation will no longer be a worry, you should be able to call the interest rate level that will cause that to happen. What cumulative total rate imposed by votes from the fed will cause inflation to cease to be a worry? 2.0%, 3.0%, 4.0%...?
https://www.cnbc.com/2022/03/16/new-federal-reserve-projections-show-six-more-rate-hikes-this-year.html
I hope you have a great weekend. I love the car and the EV space. Just not sure when to jump back in.
Agreed. It was the miss in production that had me selling.
I think someone said it earlier. The problem is not lawsuits or demand. The problem is getting the stuff to supply the demand.
I think it is also about the SPAC structure. It seems to be attracting lawsuits.
Sigma Labs customer and collaborator GE utilizing AM for aerospace MRO activity.
https://www.aerospacemanufacturinganddesign.com/article/ge-aviation-sigma-labs-additive-manufacturing-052813/
Good morning. This is the most recent mention of GE and Sigma working together. Do you have something more recent?
Lots of capacity and lots of orders. Do they have the materials to fill either?