"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it," - Jeff Bezos
Back in the 1960s there was a company called National Video. They made color television picture tubes, and were the first to produce a 23-inch rectangular color TV picture tube. It quickly became the industry standard, and every major TV set producer scrambled to get their hands on National Video’s picture tubes. They literally couldn’t make them fast enough.
The stock went from a low of 15 in 1964 to a peak of 120 in October 1965. The final 70 points came in just the last few months.
Eventually, though, the Motorola’s and Zenith’s of the world produced their own color TV picture tubes. They didn’t need National Video’s any longer.
The stock went from 120 to a low of 40 in 1966, 15 in 1967, and then to zero in 1968 as the company went bankrupt. The poor thing couldn’t even make it to the Go-Go years.
In those days, Mueller and Company produced tick volume charts. National Video’s chart depicted the stock going from Northwest to Southeast in a straight line while the tick volume line went straight up.
The stock was a fundamental short. In those days, short sales could only be executed on an uptick. Which meant the whole world was always offered up an eighth.
Oh, National Video’s ticker symbol? NVD.A.
This story is true, but any resemblance to any other companies is purely coincidental.
@miamicool I don't like this one is still technically in a downtrend, but I'm starting to get interested. Real estate ETF just quietly made a 52 week high. Zillow is a solid brand.
@dfwaaronlayman $2.50 gas is not sustainable in this environment
With Inflation the way it is, rather soon we'll likely never see gas below $4 ever again
Featured Politician: @JaredEMoskowitz
Rep. Jared Moskowitz had a busy March, completing 50 trades across 23 companies.
He bought $AVGO as his largest position, which has surged +36.11% since purchase, along with strong performers like $PANW +12.95% and $BRO +13.62%. He also sold several holdings in $TSCO.
Buy values ranged from $30K to $450K and sells from $62K to $405K, showing significant portfolio turnover.
https://t.co/wXMzHDjlON
Every now and then a capitalist says the quiet part out loud.
The elites have been anti-labor since forever. Not just the last few decades.
How do you think the elites will treat you once you have nothing to contribute but consumption?
This mobile service is smart. People hate sitting at a dealership, and Ford is removing that friction completely. It’s convenient, it feels premium, and people remember that.
If enough people keep having experiences like this, it helps Ford stock because it builds goodwill. $F
@JC_ParetsX It's price inflation!
We are being Gaslit that it's under control.
Housing and rental inflation has temporarily stalled. While most everything else continues higher!