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[–] 233 points 8 months ago (3 children)

That means the peak is here. The insider of all insiders sold? Dump everything!

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  • [–] 98 points 8 months ago (3 children)

    Imagine if he waits for people to panic and sell off and then buys back into the market.

    In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they're an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.

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  • [–] 69 points 8 months ago (7 children)

    I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.

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    [+] 174 points 8 months ago* (last edited 6 months ago) (2 children)
  • [–] 13 points 8 months ago

    Isn't this an interesting property of market economies?

    Software and silicon chip manufacturing has literally nothing to do with food production and yet a 'disaster' (I.E. going back to the status quo as of a few years ago) in that industry will affect your ability to eat. Nothing has happened to the farmers or their fields, or to the logistics system that moves food from one place to another, and yet somehow things suddenly can't find their way from where they are produced to where they are needed.

    Remember, this is supposed to be the most efficient way to allocate resources.

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    [–] 137 points 8 months ago (1 child)
  • [–] 92 points 8 months ago (4 children)

    i hate peter thiel but i also hate nvidia and tesla so i hope this ends out somehow being bad for everyone

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    [–] 69 points 8 months ago (32 children)

    This goes back to September.

    Don't make actions today based on something someone did months ago. Look at the situation now.

    Nvidia is still being given piles of money. Everybody knows it's gonna blow eventually... but if there's a dip today it will rise again until a real crash once buyers stop paying.

    DRAM going to the moon right now over demand is not a good sign of nvidia losing steam any time soon.

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    [–] 63 points 8 months ago (1 child)
  • [–] 46 points 8 months ago (2 children)

    Hilarious that at the end of this specific article, for me, an ad popped up advertising AI investing 😂 Jesus we are so fucked

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    [+] 42 points 8 months ago* (last edited 8 months ago)
    [–] 40 points 8 months ago

    when you see the rats running from the end of the ship that's settling a little lower in the water... that water ain't outside the hull anymore.

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  • [–] 36 points 8 months ago (5 children)

    I thought we decided to not post stonks crap in here. It‘s what completely ruined the technology community over at Reddit before the entire site was ruined.

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  • [–] 46 points 8 months ago

    When we are in the middle of a tech bubble and one of the richest and most connected men on earth decides to cash out, then that is not "stonks crap", but relevant tech news. Some companies stock price rising by 2% is not news, but this? Yes.

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    [–] 30 points 8 months ago* (1 child)
    • Peter Thiel sells his Tesla stake

    • Telsa price goes up

    Lolz. Lmao even.

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  • [–] 26 points 8 months ago (1 child)

    The next year before the Midterms is going to be a wild circus.

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    [–] 22 points 8 months ago (3 children)

    Sooooo that gives us how long, exactly, until we dive nose first into a huge world wide recession?

    Remove the rich

    Nobody should be allowed to be a billionaire, put max caps on netwoths. Anything over 10-20 million should go 100% to tax

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    [–] 21 points 8 months ago

    Peter Thiel and Donald j Trump are both best friends with Jeffrey r Epstein and child rapists.

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  • [–] 20 points 8 months ago (2 children)
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    [–] 16 points 8 months ago

    *Scooby-Doo voice

    ruh oh

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  • [–] 15 points 8 months ago (5 children)

    I hope your 401K is diversified because this will bring down a lot with its fall.

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    [–] 14 points 8 months ago

    Hope he loses everything

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  • [–] 14 points 8 months ago

    Microsoft, Oracle, Nvidia, AMD, etc. all inking new partnerships to generate a headline and valuation increase. Meanwhile AI companies PE ratios creep upward.

    The top few companies can only helicopter cash at eachother for so long before the bubble eventually busts. That's not new income being generated, it's more akin to check-kiting in a public trading context.

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  • [–] 13 points 8 months ago (1 child)
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    [–] 9 points 8 months ago

    Anyone hear a loud hissing sound?

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