The pump is over and the dump is in high gear.
Tryna hold 200. We will see
Should never have been granted access to NASDAQ. That needs to be investigated.
Nasdaq changed some parameters on seasoning days and float % minimums to win the business from NYSE. Open AI and Anthropic are going to benefit from the same rule change because of the unprecedented size of those IPOs. Waiting a year and requiring a company that IPOs at 10 to 100 times what a large IPO used to be to throw 10% of the company in the middle isn’t adjusting to how the overall World Market is or the fact money supply go Brrrrrt, valuations go up, parameters need to change.
Of course this allows Vanguard and Fidelity etc to make more money, big time. Fidelity I have less of a problem with because they invested super early in this. One can certainly argue that the rule changes are in part a cover for the banks soaking up bigger fees and they would be right, but it’s only a part of the story. The shorter seasoning perood allows a whole lot of very big funds within these companies and others to add these IPO companies into their target date retirement funds and their index tracking funds, which are massive parts of the United States and the Western worlds 401K structure, so even the little guy is getting some juice indirectly without doing anything different.
I’m sure there are plenty more angles to this
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I mean, if Jones Day or another top 10 white shoe firm came to me and said I needed to make changes in my operations that benefitted them and their clients, and they would drag along 2 more of the top 10 later in the year, in return for an exclusive investigative contract, I would let them change my logo and even make me transition to Apple products (shudder) as a sweetener.
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We were commenting on this a while back and I thought there was a good chance it could pump and dump but also said that I believe long term holders will do well. Look at Meta. It came out at $38 I believe and bottomed right away down to $18 and change. Today, $567 and change. I fully expect to be buying in sooner than later.
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It may well be a great long term investment. My very non-expert view is that exposing the NASDAQ to this and to the next two big ones given a potential AI bubble smacks of recklessness.
Speaking of Meta, company morale is a microcosm of its product.
Meta contribution to society is like selling tobacco products, highly addictive and toxic.
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I use it to follow friends and have basically self taught myself a great deal about art, impressionism mostly. Originally joined to stay in touch with people from college and others that I bartended with. Great source for live music events where I live as well. A lot of the science I read originates there as well, in fact most of it. The dark side of their business is not one that I spend much time on.
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There’s nothing really special about FB, any number of other apps could provide all that and more.
But yeah, social media also gave me a chance to know people I otherwise wouldn’t. I learn from people much smarter than me.
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That it was for a second more valuable than Amazon and Microsoft is so profoundly insane.
Following…SpaceX Venture Investors Debate Whether to Cash Out When Lockups Expire - Bloomberg
Major backers like Andreessen Horowitz now own stakes north of $10 billion. If they sell early, it’ll guarantee massive profits.
I was reading about that too. Taking a big group of innovative technoheroes and making them do piecework flashcards (gross oversimplification) for LLM rugurgitation base seems reeeallly reeallly assholish and dumb.
NASDAQ got exposed to Pets.com and JDSU, still here….manias are manias….this one is just sooooper concentrated and playing with Monopoly money, comparatively.
It still needs to be on the up and up, yes. But changing the limits to me isn’t cheating and surely isn’t illegal.
You see OpenAi’s numbers that Ed Zitron got a hold of that have essentially been confirmed as legit? 
Frontier labs are cash furnaces in an unprecedented way.
No, but yeah, they are Center of the Galaxy Black Hole level cash eaters in search of a commercializable retail Killer App* for long term cash flow, because b2b is only going to pay so much and last so long.
*Yknow, like Starlink Service or EVs
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IIRC last year OpenAI did 13B of rev on 34b of expenses. And their compute usage ramped considerably in 2026 from what I understand so who knows what this will look like.
Such a weird spot we’re in. I love several AI tools that I use most every day. But I likely wouldn’t be afford to use them, or at least not in the same way, if costs weren’t being subsidized so heavily.
Then the other issue for Open AI and Anthropic perhaps is that the open source models are apparently getting quite good.
Building mongo size rockets and EVs have biiiig huge moats…..building chatty chippies that then start building better chippies than you did and can, and then the way to build them gets copied everywhere?
CapEx for both are the moats but one has further protection because of all the different and multidisciplinary sciences going on inside the workings….robotics, launch systems, laser comms, orbity stuff, habitat development, terraforming?, Boring Co, solar, so much materials science, propulsion, biomechanics in spaaaaace…list is endless.
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I tried to buy 50 shares @135.00, SoFi limited to to 10.
Feels good for now, but I expect it to drop under $100.00 for a bit. I will then buy another 40 shares and see where I’m at in 5 years.
SPCX is more than rockets, its worldwide I-net, AI, and so much more. Hoping 50 shares will supplement retirement.
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True. There is also an unusual degree of Nationalization risk depending on how the winds of political change blow.
If I had 2.6 T and I could buy all of Amazon or all of SpaceX it’s Amazon 100 times out of 100. It would a total no brainer for me, an autonomic acquisition per se.