Buy the rumor, sell the news.

RV_ · September 14, 2021

Buy the rumor sell the news, how it works:

https://www.thebalance.com/what-does-buy-the-rumor-sell-the-news-mean-1344971

When success is announced all the big profits have been made. I invested in 2010 on Tesla's IPO when there were no factories in production yet. Musk had the first Tesla, The Roadster, made at the Lotus plant in the UK for the 2008/2009 model years and barely scraped by the depression others call the great recession when Bush had to bail out the big three automakers, and the banks in his last year in office. That was the rumor all thought would never make it. I made 17.4 times my original investment. Now we are past the Rumor and the News part and I did buy Tesla again last year @$350 and only made a little over double if I sold today. Beats the 6% many say is their target.

That to say that I am posting rumor again about Fusion as the Tokamak reactor with which Bill Gates is involved. The breakthrough is using a lot less power for the magnets. Remember this is just rumor. For investors, here's a rumor from six days ago:

Excerpt:

"Commonwealth Fusion Systems (CFS) and Massachusetts Institute of Technology’s Plasma Science and Fusion Center (PSFC) said on Wednesday that they completed the successful test of a key technology — a very powerful magnet — on Sunday at 6 a.m. at the MIT Plasma Science and Fusion Center in Cambridge, Mass.

The magnet is strong enough that when the team builds its donut-shaped fusion machine, called a tokamak, with these magnets, it will be able to achieve “net energy,” meaning that the fusion machine makes more energy that it takes to initiate and sustain the reaction, CFS and MIT’s PSFC said

“Its a big deal,” Andrew Holland, Chief Executive Officer of the Fusion Industry Association, told CNBC. “This is not hype, this is reality.”

Fusion took a key step forward in its movement from the lab to commercial viability with the successful test of a key technology — a very powerful magnet that uses very little energy.

Commonwealth Fusion Systems (CFS) and Massachusetts Institute of Technology’s Plasma Science and Fusion Center (PSFC) said on Wednesday that they completed the test on Sunday at 6 a.m. at the MIT Plasma Science and Fusion Center in Cambridge, Mass.

In the test, the magnet reached 20 tesla, which is a unit of measurement showing the strength of a magnet. (Like the car company, it’s named after the engineer Nikola Tesla.) For reference, 20 tesla is 12 times more than the magnetic field of a traditional MRI, or magnetic resonance imaging scan.

It did this while consuming only about 30 watts of energy — several orders of magnitude less than the traditional copper-conducting magnet that MIT had tested previously, which used 200 million watts, said Dennis Whyte, Director of MIT’s PSFC and a co-founder of CFS, on a conference call with reporters on Wednesday.

Nuclear fusion is the reaction that powers the sun and the stars. It occurs when two smaller, lighter nuclei merge together to form a single heavier nucleus, releasing energy.

If fusion can be achieved on earth and commercialized, it will provide a nearly unlimited source of clean energy without producing the waste of nuclear fission, which can remain radioactive for thousands of years.

In a donut-shaped fusion machine, called a tokamak, magnets hold and insulate burning plasma for nuclear fusion reactions to occur.

“This magnet will change the trajectory of both fusion science and energy, and we think eventually the world’s energy landscape,” said Whyte.

The performance of these magnets gives Holland confidence that CFS and MIT’s PSFC will be able to achieve the goal of commercialized fusion. “Its a big deal,” Holland told CNBC.

“This is not hype, this is reality. With advances from across the fusion industry, we’re seeing a new, clean, sustainable, always available energy source being born,” Holland said.

Much more with videos and links in the article here:

https://www.cnbc.com/2021/09/08/fusion-gets-closer-with-successful-test-of-new-kind-of-magnet.html

Edited September 14, 2021 by RV_