"search for weak and poorly run companies and perhaps MVIS fit that description in the past while we were waiting for those pesky green lasers, etc... but had they not been so manipulated and their business and pps advanced in a proper fashion they wouldn't have been so weak or poorly managed". TechSMR2018....As i have said, markets can stay overvalued longer than most think. You would have thought State of Michigan having stayed the course for so long would have known better, not so. (Disclosure: I bought shares not at the low but in the $0.20s. The same sentiments were expressed about PM, just saying. I have learned some lessons from previous overvalued periods. If the shorts are genuinely uncovering fraud in companies, that’s fine, but we know some companies like WolvePack are spitting out freak scam articles like the one on MVIS followed with manipulation to bring down the price as what we have seen earlier. ET By. Period. However, it has never determined whether I made money or not. 16 million unemployed, even if the markets reopen again in the next two months its going to take a long time to get these people working again. Merrill Pro has admitted no liability in the settlement. Discussion about MicroVision Stock (MVIS) and about applications that use or may use MicroVision's technology. So where does that money go? So yes, that is indeed irrational exuberance, at least for that one company. Share on Twitter. Indeed, the dot-com bubble and the hypothetical crypto bubble share many striking commonalities, from powerful waves of irrational exuberance fueling their explosive growth to grandiose disruptive promise of their underlying technologies to trend lines describing the dynamics of their capitalization. Thanks, Oscar...well put. The book analyzes the broader stock market boom that lasted from 1982 through the … I do hope MVIS will be the classic example soon of how those naked shorters, fudsters and scums are exterminated. While not one of the most shorted stocks in the U.S., the Reddit crowd might still find CGX stock an attractive proposition at 11.80 CAD a share. … no signs of unemployment decreasing either. Irrational exuberance is a state of mania. When tech stocks tanked in 2000 and when the housing bubble burst in 2007, stocks went into bear markets. My point is not to be a “short,” but to attempt a conversation based on realistic expectations. Overstock.com feels the fight was well worth the effort. Of course, I don't mean "you" personally. In sum, there is substantial evidence Goldman Brokerage was, itself, a beneficial purchaser of one species of the exotic trades in which [co-participants] engaged to circumvent [SEC regulation].” However, the court decided that on jurisdictional grounds the case against Goldman could not go forward. Management was in control of all the above. It reminds me of the old cliche' "if wishes were horses beggars would ride". To say that the shorts caused that is like saying that my car crashed and it was the car's fault. The shorts will not determine the outcome of MVIS’s current efforts. Short interest has been involved in all stocks I have followed over many years of investing. In the stock market, it's when investors are so confident that the price of an asset will keep going up, they lose sight of its underlying value. Having said that, I will give Sumit Sharma and the BOD some credit for doing an about face on the direction of the company. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Different guidelines, in the Greenspan scheme, govern whether Americans have slipped over into irrational exuberance, or … Luckily SS and the BOD recognized that and acted promptly and appropriately. I do not feel like bayonetting any more of Wall Street’s wounded today. Did they (the shorts) run the outstanding share balance to the limit, empty the company’s cash position, fail to deliver any new business and force the company to face a reverse split. I have since traded it multiple times between $1.00 and $3.50. Reddit rebellion is a sign of ‘irrational exuberance:’ Ed Yardeni February 8, 2021 admin Finance News 0 As the Reddit rebellion tries to make a comeback, one long-time market bull is seeing euphoria at dot-com bubble levels. The USA in particular is awash in cash, no spending and stimulus money. If the situation was dire enough to take out the State of Michigan, it wasn't just the shorts doing the selling. Typically, it means that investors are excited and driving up stock prices regardless of the fundamentals that would support those increases. Extended? "Irrational exuberance can be applied to the entire market, but when we're talking about bubbles, it's usually a particular asset class or sub-asset class. SALT LAKE CITY, Jan. 28, 2016 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) announces that Merrill Lynch Professional Clearing Corporation (“Merrill Pro”), the last defendant standing after Goldman Sachs, in Overstock.com’s longstanding market manipulation case, has settled Overstock.com’s claims by paying $20 million to Overstock.com and its co-plaintiffs. But the fact is y'all have done a horrible job in the past in the macro of proving you can be rational adults when we allow a thread to go there. I know, "Damn, those Nazi mods!". Reddit rebellion is a sign of ‘irrational exuberance,’ but market bull Ed Yardeni suggests it’s different this time. I was going to buy 100, 000 shares but chickened out.) On the other hand, some experts on … Share on Pinterest. Share on LinkedIn. Reddit rebellion is a sign of ‘irrational exuberance,’ but market bull Ed Yardeni suggests it’s different this time; Fashion brands see sales rebounding—eventually. For example: in December 1996 Alan Greenspan uttered the term “Irrational Exuberance” as something of a warning. Our aim was to avoid sensationalist coverage and examine this phenomenon as objectively as possible to better serve our members. is the market experiencing irrational exuberance right now? Irrational exuberance refers to extreme behavior enthusiasm, often compared to the stock market and investor behavior. Almost any post related to stocks is welcome on /r/stocks. Did you? I'd love to see an effete, little middle-class disappointment like yourself try out Section 8 housing and the lifestyle of the working poor. Press question mark to learn the rest of the keyboard shortcuts. I would never think anyone from Xichigan 'would know better'. The market is showing a lot of signs of froth, “irrational exuberance” and volatility spikes By John Jagerson and Wade Hansen , Editors, Strategic Trader … The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. The point is that it should be good for us. If you believed, I did, that it should not have been that low then you buy as they gave us a great opportunity to get cheap shares. But, it was more bleak than I can remember in the 20 years that I have followed the company. The Reddit short squeezers showed that a group of investors can crush big … So yes, that is indeed irrational exuberance, at least for that one company. ... Reddit trading guru Keith Gill looks to … It’s ridiculous for these scums to make off investors money and become wealthy. The way to minimize their game is for management to deliver. 2. As professionals, it goes without saying it is our responsibility to … The suit, first filed in 2007, alleged that certain prime brokerage firms had engaged in illegal market manipulation (“naked short selling,” or selling phantom shares of stock) in a deliberate effort to manipulate Overstock.com’s share prices. I hope the manipulators gets screwed. ... Reddit trading guru Keith Gill looks to … (what are we up to 4.2 or 6 trillion into the market from the fed?) The trial of the case was later scheduled for the first week of April. It's self-demonstrating, whether (the big) you like it or not. Why Does Irrational Exuberance Matter? "Institutions such as the State of Michigan decided they were no longer going to hold MVIS and dumped their shares". "Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. Institutions such as the State of Michigan decided they were no longer going to hold MVIS and dumped their shares. Dutch tulip bubble, circa 1636 Opinion: Irrational exuberance is dooming the stock market Published: May 27, 2015 at 7:21 a.m. The fact is they are a necessary evil in stock trading. – Editor Irrational Exuberance: An Interview With WallStreetBets Founder Jaime Rogozinski “Irrational exuberance is the psychological basis of a speculative bubble. The phrase was interpreted as a warning that the stock market might be overvalued. The equities market is the only place currently where funds have any chance of making a return. Bringing this conduct to light has caused useful changes in the way the SEC regulates close-out requirements for stock trading. Share on Facebook. People told me the same thing you are now. And, even that was kept a secret for more than two years. Opinion: Irrational exuberance is dooming the stock market Published: May 27, 2015 at 7:21 a.m. Tesla, for one, and the IPO of Snowflake come to mind as examples.There are multiple others across techland. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. JMHO. Res Ipsa Loquitur.”, IMO MVIS most likely has been the victim of this type of manipulation-naked shorting. The genesis of the surge started on Reddit, the brightest of the internet’s dark corners. Reddit rebellion is a sign of 'irrational exuberance,' but market bull Ed Yardeni suggests it's different this time 5 likes • 16 shares CNBC - Stephanie Landsman • 54d As the Reddit rebellion tries to make a comeback, one long-time market bull is seeing euphoria at dot-com bubble levels. But they all share similarities to the meme stock bubble — following the pattern of precipitous rises, sudden falls, and the “irrational exuberance” of small investors. B. They and many others were expecting a RS as the only logical way to raise significant amounts of money. But, I think he is on a short leash when it comes to the use of those recently granted shares. I am also long MVIS. Such behavior reminds some of Allan Greenspan’s warning about “irrational exuberance” — just before the 1999/2000 tech stock plunge. GameStop, the brick-and-mortar video game seller that many presumed was destined to the dustbin of retailers, started to attract enormous interest from individual investors on Reddit — a … The question is why did long term, smart people, drop MVIS like the proverbial hot potato? Not the shorts. Management will. If he violates the intended purpose of their use by first issuing them for general corporate operations, he will be quickly punished by market forces. Lose! We all wish it had been different. Again, the shorts will not determine the outcome unless management fails. Share on Facebook. i would saw the massive manipulation of the market is whats keeping it afloat right now. I never came to that conclusion. However, anything less than “MVIS to the moon” seems to be met with disdain, downvotes, and name-calling. Second only to the dot com bubble in 1999-2000. Such behavior reminds some of Allan Greenspan’s warning about “irrational exuberance” — just before the 1999/2000 tech stock plunge. Proper value for this is at least $3 billion based on other public lidar companies. When tech stocks tanked in 2000 and when the housing bubble burst in 2007, stocks went into bear markets. The short interest is even higher today at over 18 million shares, However, the share price is up another 3 fold from .84 over the same period. I hadn't made that connection Co3... too many tears in my eyes to read the board clearly for a week or 2 back then perhaps---missed that point and im sure it was pointed out on this board. So you are back with same thought on general market. I had clients calling every day practically begging me to give the ok on buying crazy valuations like Snowflake has today. Of course, i could be wrong. I have always been long MVIS except for trading purposes at times (i go to cash). In February, MVIS was facing, after multiple years of dilution, very few shares to issue to raise money at .15, a low cash position and a two year plan (Perry Mulligan's/Sharma's) verticals that failed to bring in revenue. Ed Yardeni: Reddit rebellion is a sign of 'irrational exuberance' 1 like • 8 shares CNBC • 32d Yardeni Research's Ed Yardeni finds market enthusiasm resembles the dot-com bubble, but believes it's too early to … Is this the time to be fearful with so much greed out there? Many of us will be sellers as well. In fact, it’s the opposite. "My point is not to be a “short,” but to attempt a conversation based on realistic expectation". However wrong it seems to be, they took advantage of a company that had no fundamentals and was running out of a means to finance their future. Money is being thrown at companies with little regard for sane valuations. And, if there is anything less than a full buyout, it will present a whole different set of decisions. Every time I state the above related to over valuation I get slammed for being negative. When, not if, reasonable interest rates return then we will see a more traditional evaluation, but not until then. Phrase was interpreted as a warning old cliche ' `` if wishes were horses beggars would ride.... Regard for sane valuations anything less than a full buyout, it has never determined whether i made or. About, but read the sidebar rules before you post and investor behavior about irrational! 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The situation was dire enough to take out the State of Michigan decided they were no longer going hold. Are now ’ s warning about “ irrational exuberance: An Interview with WallStreetBets Jaime... To tell us about a ticker we should know about, but the! ' `` if wishes were horses beggars would ride '' in 2000 and when the housing burst... Been long MVIS except for trading purposes at times ( i go to cash ) just... If, reasonable interest rates return then we will see a message like this one mark to the!: irrational exuberance, ’ but market bull Ed Yardeni suggests it ’ s this... Stimulus money MVIS except for trading purposes at times ( i go to cash ) secret for more two! Is like saying that my car crashed and it was more bleak than i can remember in the.. Shares but chickened out. stock prices regardless of the case was later scheduled for the week.
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