The recent rise of Artificial intelligence (AI) programs such as ChatGPT has created a frenzy around AI-related stocks.
C3.AI, a pure play AI stock, is up over 100% since late December.
But is this rally sustainable? After all, the public was already surrounded by AI without realizing it. Almost everything people use in daily life is affected by AI already:
advertising
entertainment streaming services
social media
cars (collision detection and blind spot monitoring)
fraud prevention
screening job applicants
email spam filters
many other applications
C3.AI is a company that creates software to help other companies deploy AI projects. C3 software is being used in multiple ways, including managing inventories, monitoring for energy inefficiencies, and predicting system failures. [Of particular note is one new product from C3 called ex machina which allows users to program AI initiatives without using any coding at all but instead via a series of visual programming tools. CP]
AI stocks, and technology stocks as a whole, were a neglected market in 2022. The Nasdaq 100, an index heavy in technology stock, fell more than 30% in 2022. C3.AI fell over 65% in 2022, and is currently down almost 90% from its 2020 high (even after the 100% rally in 2023). All currency quotes that follow are in USD.
C3.AI recently peaked at $30.92 on February 6. It then reached a low of $20.31 on March 1 before rallying back to $29.98. It has since fallen and is back near the $20.33 low.
This puts the stock at a crucial level.
An analyst from SafeTradeBinaryOptions.com had this input: “Right now, the stock is in an uptrend, albeit a precarious one. The price has been making higher swing lows and higher swing highs throughout 2023. But if the price drops much below $20, that will no longer be the case. The price will have made a lower high on March 6 (compared to February 6) and if the price drops below the March 2 low, that is a lower low. These are signs of a downtrend starting — not an uptrend.”
All facets of our modern world are already in the embrace of A.I. whether we know it or not.
This $20 region is important because if the area holds, this indicates the price is moving in a range, with the possibility of the price moving back up to the top of the range near $29. If that happens, there is still hope that the price will eventually break out of the range to upside, continuing its advance to $40, for example.
However, if the price drops below the $20 region, the range is broken and the uptrend is in jeopardy.
It’s important to watch C3.AI to see how investors are perceiving the future of AI, and what that may mean for the industry’s future.
As of March 2023, C3 doesn’t have a lot of direct competition. The company is not yet even profitable. How the stock moves is based on whether investors believe the company can eventually generate profits — and in this case, its profits largely depend on whether AI becomes even more widespread than it already is. For the Silo, Kat Fleischman.
God-like powers? The United States Federal Reserve essentially drives the entire world economy.
Money runs the world’s economy. It determines who rules nations, and it rules lives.
These are the three most significant properties attributed to the power of money, in addition to its basic function as a medium of exchange. But we can attribute several less significant properties, although similarly important, to the power of money. They include:
1. Money separates people of the same nation into classes, divisions and groups.
2. The pursuit of money and wealth can turn man against man, son against father, family against family and nation against nation.
3. Money’s devaluation of natural values makes Nature the object of buying and selling.
4. The ability of man to perform labor by placing a price on his head allows one man, or group of men, to enslave another individual or group of individuals.
5. The ability of money to corrupt tends to change man’s personality from social being to self-oriented individual.
6. The power of money drives people to produce services in order to pursue everyday life. This inflicts stress upon people, leading to a spiritual breakdown manifested in acts of crime and mental illnesses.
Bitcoin- electronic currency invented in the 21st century- poised to revolutionize what money is and can be? It’s value in US dollars in 2013 tripled in one year. CP
Amazingly enough, not many people in modern society are aware of the source of the power or money, including businessmen such as bankers, money market brokers and financiers, who consider themselves money experts.
Perhaps one of the reasons the origin of money’s power is one of the least discussed subjects among academics is the non-existence of prehistoric written records. The second reason is historians’ failure to unveil when and how currency converted from an ordinary medium of exchange into the dominant value of society by expanding its usage to include rendered labor compensation. Also, when and what societal changes elevated the abstract value of currency into an absolute ruling power over humans, including all natural values and treasuries of the Earth.
The blank page left by the theory of early civilization about the invention and rise of money invited independent thinkers to develop their own theories.
The records indicate that this enigma is hidden in the formation of the first state and government. Reforms enacted almost 4,000 years ago led to the breakup of the original communion society, creating conditions that enabled different classes of people to pursue independent ways of life.
From above… 2. The pursuit of money and wealth can turn man against man, son against father, family against family and nation against nation.
Regulating all natural values and treasuries, including human labor, through money, one individual was able to declare himself the king, and establish absolute ruling power over society by entrapping people within guarded wall.
This historic event advanced the abstract value of money from the ordinary medium of exchange to an absolute ruling power unparalleled in the real world. Some ancient spiritual leaders expressed a serious concern about the prudence of the proposed reforms. They warned that the enactment of these reforms would void the God-given dominant role of natural values within society at the expense of the abstract value of money. This would subsequently interrupt the relationship between man and nature, and change the original role of man upon the Earth from the guardian of nature to the biggest annihilator of nature.
But the followers of the philosophical doctrine of man’s uniqueness compared to other species dismissed such warnings. Promoting man’s spiritual virtue of freedom to make his own norms and laws instead of following the law of nature, they were delighted by the proposed reforms.
Ever since, the corruption, exploitation of one man over another and class warfare became the norms of the New World Order leadership.
The comparatively recent freedom movements that led to the French and Bolshevik revolutions failed to liberate people from the chains of money’s absolute power. Despite that, the idea of freedom lives on in people’s minds, inspiring liberators to wonder why the formation of a communist state failed to succeed.
The liberators failed to realize that the institution of state and government is the foundation that, by providing the conditions for money currency to function, imposes absolute ruling power over society. This means that the institution of state and government is not a suitable foundation for the establishment of a free, classless society.
Is the only way to liberate society from the absolute power of money a return to the system of farming communities and declaring abolition of money currency, which would ultimately lead to dismantling the institutions of state and government?
However, taking into account that man is biologically a mortal relative entity incapable of resisting temptation offered by the absolute power of money, the prospect for the abolition of money is not practically realistic. For the Silo, Michael Vladimirovich Trisho.
Featured image: imagesci.com
Michael Vladimirovich Trisho is the author of “How Did Humanity Become Enslaved to Money?” Born in Panchevo, currently part of Serbia, Trisho’s tendency to inquire about the mysteries of the world using reason and logic were evident at an early age. All his life, he wondered how humankind became entrapped by money and why people believe a money-based society is best. After immigrating to the United States, he continued to examine early history in search of answers about the monetary system and its relation to the institution of state. Examining archeological fossils and excavations focused only on a narrow part of early human experience and did not reveal important events that played a critical role in society’s development. Michael created his own reconstruction of events, the product of which is his debut novel.
The European Union (EU) isn’t known for its intelligence, fairness, or competence to govern and it more than proved this when it changed financial regulations limiting the amount of leverage contract for differences (CFD) brokers could offer their clients.
A few years ago, there were no limits on forex trading leverage with some brokers offering up to 1,000 times leverage to clients who eagerly accepted these terms as the returns were often highly favorable. In August 2018, however, the EU imposed a 30X restriction on leverage to retail investors, damaging their ability to make great returns from forex trading and investing.
The regulations were implemented by the European Securities and Market Authority (ESMA). Any country that was within the EU at that time had to enforce them regardless of whether they thought they would make a positive or negative impact within their borders. It is how the EU works.
ESMA stated that the leverage restriction was to protect retail investors from overexposure to the market. It could be argued that there is some validity in this position, but a good counterargument is that leverage should be left in the hands of the individual to take responsibility for their decisions.
It also has to be said that as EU politics is dictated by lobbyists, you would have to be very naive not to rule out lobbying from big financial institutions to prompt the change in leverage limits. Larger brokers played the PR game and said they welcomed the decision but the market reaction was mixed.
So what do you do now if you are a retail investor and want to utilize forex trading leverage for higher returns and advantage when investing?
Become a Professional Trader
The solution is to become a professional trader as they have no limits on leverage. To become a professional trader is not an easy thing to do as you have to meet strict criteria. See below:
Experience – You have to have worked in the financial sector in a professional capacity for at least a year and can demonstrate expertise and knowledge of the forex markets including services and risks.
Portfolio – Your financial instrument portfolio exceeds €500,000 (at time of publication 1 euro = 1.3 CAD $) or equivalent in your local currency. Your portfolio can consist of your stock portfolio, cash savings, trading accounts, mutual funds, stock portfolio, stocks and shares ISA, and SIPP financial instruments. Non-tradable assets such as property, luxury cars, jewelry, and company pensions are not eligible.
Trading Experience – Over the last four quarters you can prove that you have carried out at least 10 large market transactions over each quarter. This can be related to any asset.
To achieve professional status, you need to demonstrate at least two of the above.
To become a professional trader you need to apply for a professional trading account from your broker. There are disadvantages with professional trading accounts as you may lose some forms of investor protection, but you’ll enjoy higher leverage from day 1. In some circumstances, you may even qualify for lower fees. As you are an experienced forex trader, you’ll know the fees eat into your investment returns.
Final Thoughts Forex Trading Investing
When the EU imposed regulations on forex trading and investing, many retail investors were impacted negatively. Retail investors were no longer treated like adults, and were treated as if they needed protection from themselves. Through opening a professional trading account, ESMA at least for now is treating you like an adult. So become a pro trader and trade as you want to. .
With closing arguments expected to begin next week, the Tinder/Match trial has once again proven that when things go wrong in the world of online dating, they go very, very wrong.
With the Ashley Madison dumpster fire still in our collective memory, the founder of Tinder is suing for $2 billion usd, alleging that two companies – Barry Diller’s IAC/InterActiveGroup and Match Group – artificially devalued Tinder before the group could exercise stock options in the online dating platform. They claim the companies created and communicated false information to investment bankers and covered up sexual misconduct accusations against a former Match Group executive as part of the scheme.
Sean Rad (arguably the best name ever for the founder of a dating app) and the other Tinder co-founders, who at the time of sale owned 20% of the company, argue that Diller and his team undertook activities to deeply undervalue Tinder at $3 billion usd. Rad’s claim is that Diller repeatedly lied to the banks and this dramatically reduced the acquisition price.
IAC and Match hired high-profile lawyer Bill Carmody to represent them here. The same Bill Carmody that put $480 million usd in the pocket of WeWork’s comically villainous Adam Newman in a claim against SoftBank. And, yes, the same Bill Carmody that represented Uber against Waymo.
The case, Rad v. IAC/InterActiveCorp, has taken several dramatic turns. While the trial was still in opening arguments on November 8th, IAC/Match called twice for a mistrial and failed both times. Character assasination has been the rule of the day throughout the trial, with a landscape of destroyed emails, personal vendettas, and the requisite penis drawing.
The case was expected to have wrapped up by Thanksgiving, but the Tinder founders are going to have to delay their feast a few days as the bad blood continues to boil in the courtroom.
On Monday, Rad accused former Match Group CEO Greg Blatt of grabbing him during a break in the trial. Laughably – but showing how intense and polarized this case is – the incident between the two has been described as everything ranging from a failed attempt at a fist pump to an assault by Barry Diller’s henchman.
So it’s understandable that it’s easy for people to see this case as perfect fodder for a Netflix series on American greed. The legal documents in the suit tell a story of a company looking to acquire another successful company in their particular vertical – here, the massive online dating space. Rather than pay fairly for the company, Diller and his companies created an elaborate fiction in the form of an unrealistic worst-case financial scenario for Tinder that valued the company at $3 billion usd, where a much more rosy yet still realistic valuation would have seen Tinder valued at up to $12 billion usd.
Victory for Match/IAC here would be paying out significantly less than the $2 billion usd Rad claims that he and others in the suit are out of pocket given the facts of the claim.
As Charlie Cartwright, a Florida lawyer points out:
“It’s possible that a case such as this, with so much at stake, could still settle before the judge puts the outcome in the hands of the jury.”
While both sides are resolved to win this heated case, settlement makes a lot of sense as Match simply doesn’t have $2 billion usd cash on hand, though they do surprisingly have access to well over $1 billion usd. A legal and regulatory analyst recently told the New York Post that a realistic settlement would be in the $300-$700 million usd range, yet a spokesperson for Match Group said that was entirely speculative.
It’s probably not inaccurate speciation. Ultimately, it’s not like the Tinder founders and other executives haven’t done very well from running and selling Tinder anyway. So, for them, while the money is important, a moral victory wrapped in a healthy settlement figure might be the tasty and satisfying holiday feast they’re waiting for.
This would also keep the case out of the hands of a jury. It’s important not to gloss over the fact that people are very polarized about not only apps that match people, but the characters who make these apps and run these businesses. The Ashley Madison scandal is recent enough for a jury to remember not only an app that ruined lives, but the nature of the people behind the business.
Whether the case settles or is handed to a jury, the real issue here is that Tinder generated a massive amount of revenue over the years and grew into a very successful company. It’s just a question of how the ultimate pie that was actually created should have be equitably divided if the value of Tinder wasn’t manipulated.
