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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: #Breeze who wrote (158640)	7/27/2021 10:52:08 PM
From: robert b furman	4 Recommendations Recommended By #Breeze roguedolphin toccodolce Winfastorlose Read Replies (1) \| Respond to of 207331

Hi Breeze, I like $100.00. Opec no longer wants to gouge. Cheaper for longer delays EV's. EV's and renewables have been hyped and the greenies do not understand unintended consequences i.e California and New York. No natural gas in new homes and brown outs with EV's being less than 3% of sales. duh The bubbles in this market are renewables and EV's. Major OEM's will have substantial write downs when the next recession shows that $80,000 to $120,000 EV's are not sought after in volume. Best example is TSLA . Made some money this quarter and got sold off. Chip shortage. Wonder what car has more chips? As Elon said it takes 3-4 years to build out a fab. Guess who has production expansion capabilities ICE's or EV's? If it takes 3 years, then all the PC correct CEO's of car makers will miss their green and PC objectives, thus the write downs into the next recession. TSLA will be history's largest high altitude belly flop. Tsla's market cap is over GM + Ford + Fiat Chrysler combined. When the bloom comes off EV's, TSLA will implode, and take the indexes and ETF's it is in with it. Capitulation selling begets more selling. When market collapse, the selling goes where there is a bid. Seen it unfold far too often to be different this time. Typical overextended cult like stock that implodes. MCI, CSCO, INTC in 2000. Some recovered and some didn't. With the huge reduction in Capex and the failed future expectations of renewables with out natural gas to back up intermittency of renewables , your 300 may yet hit the reality zone. Oil and fracing wells have a depletion rate of 6-8 percent per year. Capex has had it nuts cut for 2 - 3 years. now. The US is down from 13 million barrels to 10 million barrels. Foolish politicians are passing laws prohibiting banks from funding fossil fuels. It's a perfect set up for failed policy and huge squeeze on WTI inventories. Those E&P companies with cash flow and or lines of credit with banks from Texas, will print money like never before seen. They say it takes years for lithium, cobalt, nickel, and coppermines to provide product. Gonna be special in my opinion! Best analysis indicates the US will be 14-20% EV's by 2030. IATL = It always takes longer! Bob