I was talking to a few friends of mine this week who work at Google in the Bay Area. Apparently them and others at Google were chatting about waiting for the Model X and Model E so that everyone does not show up to work in the same type of car (Model S)... Techies will adopt the Model E and Model X (married ones) in droves in the Bay Area and elsewhere. Roughly 85% of my Techie friends want to drive electric cars.
Social Chat - Short Term TSLA Movements
- Thread starter Jonathan Hewitt
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Norse
Active Member
I have added some Nov plays for TSLA today since im really happy that there has only been 53 cars sold in Norway this months, which is a decrease of 85%. This makes me feel that TSLA will do everything to get a great Q3, as not many cars are in transit. Somewhat speculative, but thats what I think.
I have heard good arguments for both sides, but I am not sure if Tesla is really gaming the market that way or not. Assuming that it continues to grow, then it could very easily get away with it but I am not betting on it.
Great battle going on over the $170 line. I wonder who will win. I actually did bet on this one and I bet on the longs :smile: Not looking good right now; but I am a patient person and can wait 2 hours to find out.
considering all the bombs that got dropped later in the day yesterday, mainly the one from Elon himself about the inflated valuation, it feels like we are on pretty firm ground in the upper 160's to lower 170's, which does not spell disaster to me, like so many folks were foretelling yesterday.
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brianman
Burrito Founder
- Nov 10, 2011
- 17,518
- 2,980
Man, we are seriously hugging 170 right now. A piece of positive news would definitely be welcomed right now to help break through.
I cashed out my $170s with a 50% gain in a little less than an hour. Pretty sure it was a mistake, but with only 1.5 hours left till expiration I already made a nice return so I don't want to gamble it away.
brianman
Burrito Founder
- Nov 10, 2011
- 17,518
- 2,980
Buying options on expiration day is gambling, but with really good discipline I think that you can make money. I got lucky this time, but the stock had to move $1 - $1.50 in less than an hour for me to cash out half at 25% gain and the other half at 75% gain.
Right now it looks like I sold the second half at the top and the other half not too far off the top. Which also means I bought not too far from the top. I got lucky this time because I stayed disciplined and did not get greedy.
Right now it looks like I sold the second half at the top and the other half not too far off the top. Which also means I bought not too far from the top. I got lucky this time because I stayed disciplined and did not get greedy.
Yea, my timing was just too far behind. Barring a significant run up in the last 40 minutes, I'm toast on must the same play.
Just been a brutal period. I've lost everything gained since early August in the last couple weeks (stock and options), the bulk of it in the last few days across something like 8 companies, every one of them particularly crushed today. The only stock in the green in my entire portfolio is CSIQ (well, and TSLA held for a couple years now) and that gave back a bunch today.
Definitely not fun.
Citizen-T
Active Member
Citizen-T
Active Member
Yeah this week has been particularly bad for me as well. A combination of rookie mistakes really screwed me over.
The funny thing though is nothing fundamentally has changed about Tesla, there's even been a fair amount of good news that came out this week too. It just happens that the shorts/naysayers/etc have taken the spot light temporarily. I still feel confident about earnings. It will be either a blowout or at least still good. I'm guessing we recover a little next week, as cool heads will prevail.
RationalOptimist
Member
I worry about the number of people here trying to day trade TSLA. The company is fundamentally a long-term story. Yes, there was a period this year when pretty much any long strategy brought in $$$. I fear that taught some people to be a little reckless. Short-term TSLA plays at this point are little more than gambling.
brianman
Burrito Founder
- Nov 10, 2011
- 17,518
- 2,980
Sorry to pick on you RO but...
It's almost to the point where I have to shorten my signature so that I can add a "YMMV/YouManageYourOwnMoney/IfYouGambleWithTheMarketItsOnYou" type stuff. This isn't a child's forum, and if people are treating it as such then they should find iamthecauliflower and have lunch to complain every 20 seconds about how the sky is falling.
Didn't we just have a discussion about how some of us are already weary of posts like this?
It's almost to the point where I have to shorten my signature so that I can add a "YMMV/YouManageYourOwnMoney/IfYouGambleWithTheMarketItsOnYou" type stuff. This isn't a child's forum, and if people are treating it as such then they should find iamthecauliflower and have lunch to complain every 20 seconds about how the sky is falling.
Well, I am long on Tesla and wanted to buy more stock in the last couple days but did not want to sell my solar positions to get extra cash and felt I did not have enough ready cash to make an impact with a straight stock buy so I bought my first (maybe only) options
all green at end of day
170 Nov8 @12.50
170 Jan17 2015 @ 42.00
180 Jan 17 2015 @ 36.00
ONLY green in my accounts
PS. I have my big boy pants on and realize I could lose part or all of this money
(holding strong/long with TSLA and solar)
all green at end of day
170 Nov8 @12.50
170 Jan17 2015 @ 42.00
180 Jan 17 2015 @ 36.00
ONLY green in my accounts
PS. I have my big boy pants on and realize I could lose part or all of this money
(holding strong/long with TSLA and solar)
Those are some pricey options my friend. But on the positive side as long as 170 holds you should be profitable.
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