StockLogistics
3 년 전
There are plenty of wealthy democrats selling as well, it’s actually just a party-less group at the top which has no true party affiliation, that doesn’t want to pay more taxes so they punish the companies designed to succeed from the bill, they publicly may claim to be this or that party but money talks with that group, and there is plenty in government left to reform for the better while Democrats are in charge, their chance to prove their ability to do so is likely now till next November.
value1008
3 년 전
You wrote, >selling infrastructure plays out of spite and hatred for Biden, whatever the political point being made it’s bad for all investors
I'll go on a mini-rant here in agreement with you. There truly is an irrational and unjust hatred of Biden in this country among factions of deranged folks who've been thoroughly hypnotized and deformed in their values and thinking by "the former guy" (DJT) and his hordes and of course the right-wing propaganda tools at Fox News/Noise, OAN, Newsmax, and any number of right-wing radio hotheads (several of whom died of Covid after spewing anti-vax rhetoric before finally on their deathbeds apologizing to listeners and telling them to get vaccinated).
They really are quite un-American / anti-American.
Here Biden and the Dems only want to
1) heal the nation's badly decrepit infrastructure,
2) bolster a healthy post-Covid economy (GOP "leaders" seem determined to stretch out the pandemic as long as possible with their anti-public-health corruption),
3) mitigate climate catastrophe,
4) try to reverse some of the economically, politically, and psychologically dangerous levels of obscene wealth disparity,
5) and give common folks a chance to still maintain some semblance of "middle class" living (by all objective measures, most Americans have fallen into near poverty, working poverty, or destitution over the past 40 years of failed Reaganomics).
And yet the Republicans have immorally declared an all-out civil war against Dems as "evil socialist scum." Even Social Democrat Bernie Sanders and "the squad" of AOC and her very progressive sisters and brothers in the House of Reps (let alone Joe Biden) have never ever suggested that the State take over and nationalize the Fortune 500 companies. Or anything close to that.
So Republicans have no idea what they're talking about when they spew rhetoric about "socialism." If anything, they should look at themselves and see the many decades of heavily govt-subsidized CORPORATE WELFARE that they've promoted and maintained. Who are the real "socialists" here?
Democrats like Biden are only trying to minimally regulate the bad, polluting, plundering corporations and keep them from mistreating our water, air, soil, and other irreplaceable resources for present and future generations. And pay a living wage to their workers.
And of course the GOP, whose elite members worship not God but rather their supreme idols-- the almighty dollar, corporate profits and political power (through gerrymandering and suppressing voters who disagree with them)-- this unholy, immoral GOP detests any such attempts to regulate corporations or super-rich tax cheats.
No wonder that longtime high-ranking Republicans Steve Schmidt, George Will, and many others have left the GOP, calling it the party of evil.
Rant over. Thanks for listening.
jtomm
3 년 전
I say now would be a perfect time for them to announce like a $6 billion contract or something. :)
Yeah, it's always tough to know when to liquidate or take profits on some or all. Fwiw, I always think it's best to judge the decision not on the outcome (that's easy becuz now you know the answer), but to go back and look at what information I had at the time and see if I can find any flaws in my logic or reasoning. If the logic and reasoning were reasonable, then one just has to accept that things don't always work out.
They raised money at $12, seemed very upbeat about the future, many things seemed in the works, the stock could just as easily be sitting at $25 per share right now and you'd be patting yourself on the back for sticking with it. It's not like there were any huge, tell-tale signs.
And I'm pretty objective on this one because I have no position so no rooting interest. I owned it from around 7 and sold at around 10 on the way up and then it got away from me. But I was looking to re-enter and the story seemed very good until the lackluster earnings came in . . . and the lowered optimism. And then it just didn't make sense. I don't understand what happened.
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