This is Tom welcome to this beautiful Thursday I'm at home I Hope you're starting your morning with a nice cup of coffee. I am as well. But before I start my day I Have to share with you some insights about what happened today and yesterday. Absolute Insanity Some crazy stuff I Can say the other word anymore because I'm going to be demonetized but you get my point.
So crazy stuff happened and I like to kind of give you what's going on behind the scenes behind the facade, not the official story. So Michael Berry deleting his Twitter account. There's a lot of angles here. Beyond You know the funny memes and stuff.
It's very, very interesting. Number two: Jerome Powell With his speech missing the mark completely as far as the stock market, Absolute Insanity Meta: Great earnings but there's a huge question marked there. And most importantly, you remember a Danny group this Indian company that was targeted by Hindenburg research. Oh, this story is getting worse by the day.
It's absolutely insane. I Have to kind of give you the recap of the reality of what's going on here. Now let's start with Adani Group I Know a lot of you haven't heard the name Adani Group before the Hindenburg research, but trust me, this story is absolutely fascinating. We'll get to Michael Berry in a second as well.
So basically a Danny group the one of the largest companies in Asia 220 billion dollar market cap Gautamadani one of the richest people in the world second or third in the world before this report. So basically here's what it's like, kind of in a nutshell. What happened. So as you remember, those of you actually, uh, were interested a little bit in the story.
a Danny group canceled their share sale Extravaganza They were supposed to sell shares at about 2.5 billion dollars to raise some cash and the question is why? Because the share was finalized, everything was signed, the money was transferred, everything was finished, and yet yesterday they pulled the plug. Why did they pull the plug? Why are they giving people their money back and not selling shares anymore? Well above the market price currently. Well here's the lame end explanation of what happened here. We have a big company from India with a rich Indian businessman one of the most richest people in the world.
They're doing great. The company went up by 800 percent in three years and then Mr Adani the rich businessman says guys, I'm doing so well I'm making so much money I'm so successful I want to share all this wealth with you Let me sell you some of my stock so you can actually share all this greatness with me people say but they start basically buying up like crazy but then all of a sudden a short seller comes out said hey guys, Just so you know, we have this report here that shows a lot of insanity that's going on in this company. A lot of financial Shenanigans A lot of Monkey Business A lot of just you know plain old horrible business management over leveraging nepotism investigations I mean are you sure you want to buy this stock and then the Indian company comes out and says well, you're just racist and of course the markets don't buy that and immediately start selling off the shares. Now this shares sell-off that happened in the market is already done 100 billion dollars. So the market cap of the company has decreased by 100 billion dollars over the past week since the report came out almost by 50 give or take. So now the government in India that is allegedly being greased by the Adani Group allegedly according to the report, blah blah blah. just my opinion. So the government now has to actually pretend as if they give a rat ass and actually do something about it.
So Danny group is going to be on the stake and they I think the politicians can do because they have to show as if they're actually investigating a Danny group and now a Danny group is at risk of offering all these shares 2.5 billion dollars worth of shares to people at basically false representations and lies and potential fraud and potential lawsuits and potential you know, criminal allegations and liabilities and Etc et cetera. Etc So now that you know that risks exist, they've said no, no, we don't want to sell the shares because all the representations we gave you about the shares, everything we told you about this. It's questionable. So this is what's going on with any group.
That's why they dropped 100 billion dollars in market cap and this is just the beginning of the story. Michael Bird Deleted this Twitter account so they're interesting. Not the first time it's supposed to stuff like that. Yes, he loves attention.
He'll probably be back. it's not his first time. Basically what happened, he tweeted out sale two days ago, the market went crazy, shot up like crazy, and he Rage Quit out of a video game broke the remote control. rage quite deleted his account.
Um, yeah, sure, but what happened yesterday doesn't mean that Michael Berry was wrong. Michael Berry actually tweeted a few days before that that in the.com bubble, the market was dropping like crazy, then it spiked up 20 and then it dropped another three percent. So he's basically saying that this might be the case here and we don't know yet. He might be right, but him rage quitting is actually pretty funny.
I'll give him about a week until he comes back now. John Pyle Was on TV yesterday saying all the right things, but the market is calling his bluff. The market is behaving as if John Paul is lying and he's gonna pivot. You can see it basically yesterday.
Absolute Insanity It's good and it's bad. It's good because you know everybody's making money, but it's bad because if John Paul is not bluffing and now everybody behaves as if he's laughing The moment it is clear that he's not bluffing, the market is going to drop like a stone and it's maybe very, very painful. Now one word about Meta Meta had great earnings, beat everything. Great guidance for the billion dollar buyback. All the analysts all of a sudden after the fact recommending this talk I Love how analysts always recommend this talk after it's up like 20 30 percent. but I just want to point out a little itsy bitsy thing here. and Meta is doing great. But Meta has always done great.
It always been cash machine. but Michael Michael Mark Zuckerberg's little metaverse bed has cost the company 14 billion dollars in losses this year and that hasn't really happened. So I might argue here that what we're seeing with Meta is more despite the Herbert rather than because of Zuckerberg. So we still have to talk about the Metaverse 14 billion that could have gone, you know, and even made it even better year for for Meta.
But who knows. I'm just a gandering that I have no idea what I'm talking about and it is what it is. If you enjoyed this video, hit the like button I'd appreciate it if you haven't yet subscribe to the channel I'd appreciate it as well. See you next video.
By Stock Chat
where the coffee is hot and so is the chat
Your entirely speculating why the group stopped the stock sale. Its important to tell people your speculating.
Question on fb- will the stock buy backs make the stock rise despite poor fundamentals? I mean technically speaking it has to yes?
It's better with the swearing. Please move to Rumble.
Take a shot of vodka every time Tom says either "insane" or "insanity" and that bottle will be empty half way through your second viewing. lol
Spot on Adani group review…they have been bribing gov.officials for years.
Awesome info Tom
Adani is an environmental criminal, I wouldn’t be surprised if their internal structure is shonky. I’d stay well clear.
Say hello to Burry😂
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Love your brief, to the point narration in your inimitable style. Your house looks cool too. Enjoy !
That chandelier belongs over Liberace's piano. Not a kitchen.
Meta's earnings werent actually good.. their expected EPS was $2.22 and actual EPS was $1.76 so youre wrong.. youre also wrong about the company always being good.. They literally have been losing hundreds of billions of dollars since Zuckerburg shifted focus to the Metaverse a year and a half ago.. They lost over a quarter of a trillion dollars in only a few days about a year ago.. Guess you also forgot about when the company was -25% in only ONE DAY.. The company has been falling apart because Metaverse is not profitable and its a glorified video game.. Meta Platforms net income for the quarter ending September 30, 2022 was $4.395B, a 52.2% decline year-over-year.. Meta Platforms total liabilities (DEBT) for the quarter ending September 30, 2022 were $54.800B, a 51.28% increase year-over-year… Meta Platforms cash on hand for the quarter ending September 30, 2022 was $41.776B, a 28.07% decline year-over-year… sometimes you provide good information and other times you completely bomb it but this is honestly horrendously bad.. im going to have to report this video for spreading false information and misleading investors when the facts are openly available to anyone and takes 2 seconds to look up.. extremely disappointed and I will be unsubscribing..
10am start the day?? You balla
how's pltr?
Spit everywhere, poor camera 🤣
Well I am from India, let me tell you some facts about Adani Group.
Hindenburg Research did not really expose anything new about the company. They just compiled all the allegations and controversies around them over the decades. If you go do a research yourself, you will find all controversies in news years ago. The thing is back then, Adani Group was relatively unknown, so people did not care much. Now that Adani Group is so big, this Hindenburg Research report became a big deal. Also there is a political partisan around the company. Patriots saw their success as India's success, so they are saying it's a rubbish attack on Adani Group to make profit. While the current govt haters see it as govt's failure, are really happy about it.
The Adani company deals with constructing infrastructure, real estate, mining and other highly competitive business dealings, which involves things like bidding in auctions and big acquisitions. These things, if you know the infrastructure industry, it attracts a lot of controversy and legal battles. So the Adani Group is not new to this. And personally Goutam Adani is a tough man, he has survived one kidnapping and a terror attack. So I don't see him at least getting panicked over this.
In political landscape you can compare this time for Adani with Tesla. MSM constantly attacked Elon for Twitter and in the process they even tried to damage Tesla's reputation. As soon as Elon showed his views on politics, he became a villain for the left.
Similarly like Twitter, Adani bought NDTV(a left leaning media) which made the left in India angry. Also Adani is supportive of the current govt of India which automatically makes him enemy of the left.
So in conclusion, I don't think most of the allegations around them are true as they have been already investigated by SEBI (SEC of India) and cases of money laundering were in court where they were found innocent. There are some cases and investigation still going on. We will see what happens. Right now the market is in panic mode, giving a big buying opportunity to many.
Another thing, Adani group did not accuse of racism anywhere. I don't know where you got that statement. They accused Hindenburg Research and other foreign entities of anti-India sentiment.
About me: I had bought shares of Adani back in 2020, that's when I first started investing. In 2022 I had a gut feeling that the company was obviously overvalued. So I was looking for other stocks to buy. Luckily around November I noticed Tesla's big drop. As an Elon Fan, I decided to buy Tesla stocks. So I sold all the Adani stocks and a bunch of other stocks in December and waited for Tesla stock to fall down even more. At that time I thought Tesla might go as low as $80. So on January 3, when it actually hit lowest I did not buy and waited. And then Tesla started rising up again, I still waited for another day but it rose up again. So I finally realized it will go up from now so I bought the shares at $118.
Finally Tom, you are one of the many YouTubers who gave me the confidence to buy Tesla stocks.
So, Thank you.
Another great video, thank you.
The market didn't go red. Instead, it's going green after the fed meeting.
Toms house looks likes Jeremys with all the chairs.
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Tom, I like your videos but can you please stop talking about Mickeal Burry ? Please and thank you.
One thing is SURE, ITS NOT A BLUFF!
Come on bro! Great news don't get clicks. Bring us doom! xD
Thanks!
Tom my friend, on Monday I visit my Doctor for a return appointment. I ask My doctor to run the rapid test. The results was positive for Omicron. Dr prescribed proxlovid an antiviral drug. By wed I was sick with sore throat, mucus from sinus and yellow mucus from lung. I was cold and all my muscles ached I had no apetite so I didn’t eat food. I had all my vaccination including the latest booster, yet Omicron kicked my ass. If you think you won’t get Omicron, think again. I am feeling better cause I got it on Saturday, it’s now Thursday. Lucky I got no fever. I should be non contagious by Friday. Wearing a mask is a good idea. I wear it going anywhere yet got the Omicron???