2017 Investor Roundtable: TSLA Market Action

[erthquake]

Well, I sold my calls for a small gain, 10-15%. Stock is cleared to fly up now, ha.

You'd do well to do the opposite of what I do on all these short term bets!

SP just jumped a $1+.

 

[geneclean55]

A bit of action! Thats more like it TSLA

 

[SuryaDham]

Thanks!
Probably should of put a couple weeklies on it. Never mind

I did. A few. Now already up 33%. Now debating when to sell....

 

[Fallenone]

I bought back most of my covered Feb 17 calls at 160% loss today.

 

[esk8mw]

SP just jumped a $1+.

Yep! Just missed like an additional 40% gain. I am the poster child for the old saying that traders tend to sell winners too early and hold losers for too long. As always, at least I still have 100% of my shares.

 

[blee321]

I did. A few. Now already up 33%. Now debating when to sell....

Why would you contemplate selling this stock? TSLA's growth has only just begun.

 

[racer26]

Yep! Just missed like an additional 40% gain. I am the poster child for the old saying that traders tend to sell winners too early and hold losers for too long. As always, at least I still have 100% of my shares.

Me too. Ran away from those Feb10@260's yesterday morning for like $2.80. They're now over $10.

 

[Waiting4M3]

I sold some at 252 around end of last week, lost track of an order placed a while back. I was hoping for a dip to get back in on Monday, but bit the bullet and bought back in at 258 on Tue. I can not be any happier about admitting my own mistake quickly. Wishing the stock to tank to get back in just seemed like bad karma.

 

[Tenable]

I've been making what are quite plainly bets that earnings will cause a positive surprise. However, I've been making those bets by selling puts, so if I'm wrong, I end up buying more Tesla stock at slightly above market. Which is OK.

That makes sense neroden, I'm a little puzzled on the response though. I was referring to the idea of selling oom calls and choosing to roll them forward.

 

[geneclean55]

Lets hope an NVDA beat keeps the party going AH.

 

[SuryaDham]

Why would you contemplate selling this stock? TSLA's growth has only just begun.

Not talking about stock. Holding onto my core stock tightly since 2011, and not planning to sell anytime soon....
I bought weeklies 1hr ago for some extra boost, and I HAVE to sell them before tomorrow close, because they expire by then...
Usually I'm quite good at picking entrance points, but in the past often was holding short term options for too long, until eventually I was in the red again...that's why I'll now sell 1/3 at 271 and 2/3 at 272,50, or whatever I still have I sell before close, to avoid the loss in timevalue that happens overnight....

 

[TrendTrader007]

Tesla Alibaba I'm not selling out I'm buying in only the strong survive

 

[racer26]

Looks like it wants to punch through 271 to test HOD again.

 

[sunhelm]

Tesla Alibaba I'm not selling out I'm buying in only the strong survive

Sorry but have to say something here. Let's not turn this into a Yahoo Message board by pumping up other stocks. Disagree if you wish...

 

[Runarbt]

What would you guys do with some March 200 calls? Sell now, or risk closer to or after ER?
I have changed my limit sell order from 45-55-63-65 and have it at $75 now.. bought them when SP was at $200 paid $13. I cant decide, and a bit afraid I will hang on for to long. But right now, I really dont want to let these go. ;-)

I guess its a luxury problem to have.

Guess I'll drop by stockwits and poke some bears for fun, while I try to decide when to let go. ;-)

 

[AudubonB]

We're having a party
A stockmarket party.
Tesla is rising
That's nothing surprising
To those who post here.

 

[esk8mw]

Looks a little stormy over in Shortsville today......

Let the storm rage on...

Because the shorts never bothered me anyway.

 

[erthquake]

We're having a party
A stockmarket party.
Tesla is rising
That's nothing surprising
To those who post here.

Umm. Your poetry just halted the latest uptrend. Please be careful. The shorts might start resorting to poetry to stay above water. That could result in some very bad poetry that wouldn't be nearly as eloquent as yours

 

[AudubonB]

Are you impugning I did something unethical before placing a buy order?

 

[MitchJi]

Tesla Chief Executive Elon Musk last year told investors and more than 370,000 customers who put deposits down for a Model 3 that he intended to start building the cars in July 2017. At the time, many analysts and suppliers said the timeline was too ambitious and would be difficult to achieve, pointing to Tesla's history of missing aggressive production targets.

Does everyone believe that?

It's not auspicious that they made a mistake on that start of production. OTOH that is a plausible reason for the current SP surge.

Yes, I believe him. (most) Parts ready by July 1. Any stragglers fixed. Start production late summer(?) and ramp up from there. Pre-production cars are needed to validate the design and parts, and to debug any last minute glitches. These would use early part samples.

Groan!

I was not disagreeing with Elon's statement!

I was pointing out that the reuters article made a mistake in their description of what he said! Next time please read the complete quote.

I bought back most of my covered Feb 17 calls at 160% loss today.

I'm sorry!