Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Lycanthrope]

 

[Lycanthrope]

Good luck with that strategy. in 2019 I had 300 shares and sold weekly covered calls for several months when the stock was flat but then in end of October, all 300 got called away. However, I made enough money to buy my first Tesla MS, loaded. Haven't sold covered calls since because it has been too volatile.

Volatile? Has been as flat as a kipper's dick!

 

[S3XY]

This forum feels like an AA meeting in times like these.... Just one more!! Just one more!!

Except that in AA meetings everyone tries to talk you OUT of doing it.

 

[viridi]

That was some bear attack. Not sure that can be attributed to trimming as large, sophisticated funds managers would not sell in a way that would bring the price down almost $20 in such a short period of time (in particular on a day with the large volume that we see right now). I imagine that there are still significant manipulations going on (not taking away that there definitely could also be some trimming recently).

 

[BlackS]

I can quit buying $TSLA anytime I want. I just don’t want to right now.

Spoken like someone who claims that he does not have a problem

 

[ZsoZso]

Looks like institutional buying has begun... seeing multiple orders in chunks of thousands of shares on level II

According to Mark Spiegel (on twitter) it is already over, the volume today is already more than the total count S&P trackers need to buy, so that's it, no more growth due to fund buying

 

[viridi]

According to Mark Spiegel (on twitter) it is already over, the volume today is already more than the total count S&P trackers need to buy, so that's it, no more growth due to fund buying

Ahh . . . Well that explains the dramatic decline. When an expert on TSLA like Mark Spiegel speaks, people listen! (-;

 

[clmason]

I encountered a technical issue this morning upon checking my Schwab account.

I was smiling so big that my iPhone’s FaceID didn’t work to log me in.

I’ll file that into my Tesla Investor Problems tracker for future reference.

 

[viridi]

Interesting that there is still a fight at $450. I would imagine those fighting this level will be steamrolled before the end of the year.

 

[feigen66]

Yuck, i have rarely heard a word that repulses me more than "Musketeers". I'm not a cult member or a cheerleader. It's dangerous and foolish to rally around an individual as if he were a god. I look at Tesla and I see a company that is poised to inevitably dominate multiple markets, by virtue of both it's trajectory and it's current position. In Musk, I see a CEO who is very very smart, insanely focused and driven, and incredibly good at identifying the perfect way to attack problems (operates from first principles, resists reasoning by analogy).

But also in that man, I also see a human being who makes mistakes. He has proven prone to confirmation bias, and his takes on COVID (for example) have been consistently flat out factually wrong (and he's made other mistakes too, let's not lie to ourselves, please). This doesn't mean he isn't a great man doing great things for humanity (and, coincidentally, my portfolio!). But he is not infallible, it's embarrassing and dangerous to pretend he is.

Probably this belongs to Elon's thread, but this is reparaphrase of Dan Carlin's Wrath of Khans. In one episode, he was mocking historian revisionist on downplaying the flaw and cruelty of Genghis Khan yet he is a brilliant guy.

Is Genghis Khan flawless? No. He conducted more genocide in history (50M killed) and raped (but at that time it was nothing unusual. Genghis Khan just did it more efficiently). But he is considered one of the greatest military leader in history until 17th century rifle became popular.

You don't like Musketeers word more than Nazi, fine. But I encourage you listen to Dan Carlin's podcast, instead of getting trapped in COVID history. Elon could have diverted his Grohmann team to make on something else instead of Bio-reactor (and now ver. 4), for a guy who takes margin and cost very seriously. If you haven't worked for him personally, taking his views on tweeter is very myopic.

 

[Bunky]

It seems like options are the tail that wags the share price dog with TSLA sometimes. I wonder if we get pegged at $450 this week before jumping higher on Monday?

 

[Knightshade]

My understanding is that index funds have to buy within 3 days of "the date".

Nope.

The window they have to buy is set by the rules of the given fund.

Many have a 3 or 7 day +/- from inclusion date window- but not all.

 

[Causalien]

Hmm... You don't always have to be any of those things, I've been all in on TSLA since early 2012, at the time I did drive an old car, and still don't own a Tesla!, preferring to drive a lower cost EV in order to keep holding more shares. I still have a cheap, crappy, none Apple phone and laptop. I'm also not usually a very early adopter. (Exception being EV's due to my EE background) By rights I should still be poor and TSLAless, lol!!

Everyone's got their own style.

I don't buy the stuff Invest in so I can keep an objective mind.
I do however ask strangers weird uncomfortable questions. Sometimes they mistook me as trying to pick them up. But I was just trying to figure out how many shift they run in a factory without revealing my true intentions.

 

[BornToFly]

Interesting dip. I bought back to close my 460 covered calls for this Friday (with a profit, but less profit than if I had let them expire). I can’t imagine that we aren’t above 460 after Friday, but I’ve been wrong too many times to count, so who knows. I just can’t believe anyone is selling today.

 

[ByeByeJohnny]

My understanding is that index funds have to buy within 3 days of "the date". So when S&P is deciding between one tranche or two, that means either all the index fund buying has to happen in either one window (of, I guess 7 days if it's plus or minus 3) or two windows. The thinking being that if it all has to happen in one window, that might drive the price up too much during that time, so maybe half the buying in each of two windows wouldn't make it so volatile. In any case, index funds can't buy today.

So this is my understanding based on reading articles and watching videos. Please comment if I'm not correct.

The goal of the S&P funds is to end up as close as possible to the result of the actual index. Obviously better if you are ever so slightly above rather than below but if the difference is significant they are not doing what they were hired to do.

If S&P is up 10% in a year and your fund is up 12% many investors would probably be happy, not thinking about the risks taken to get that result. I'm sure whoever was responsible for the fund though better have a good explanation for the bosses about how that happened.

So what the funds really want to do is buy as close to the share price used by the S&P when Tesla is included as possible. I'm not sure we know exactly how that final price they start from is set. Or even when the funds knows the exact price.

Based on this I would be very surprised if not most of the buying is done in advance, starting at however many days each funds think the share price is 'predictable'. It's much more risky to wait and see what the price is and then deciding it's to high and bet it will go down in the next three days. That's very actively making an investment call that can go very wrong instead of just buying in the days before and if it happens to go down afterwards you are just following the index and it's not your problem.

A long time ago I predicted the S&P might wanna use several different dates to spread out the 'weight' of a large company all happening at once. I didn't know that had never been done before but that seems to be what they are at least thinking about. My thought was it would be separated more like months than weeks but the effect would probably be the same.

Since this has not been done before I'm not sure the funds buyers would feel much better since it probably gives them even more decisions (with different dates) to be made that can go wrong in a fund where they goal is to not have to make decisions.

 

[bkp_duke]

Looks like Tesla is prepping for a big Q4 push:
Tesla (TSLA) goes on crazy hiring spree, adds 1,000 sales and delivery people in 2 months - Electrek

 

[computerchuck]

I can quit buying $TSLA anytime I want. I just don’t want to right now.

TMC needs a "hilarious" button. Posts like this one, "funny" just doesn't cut it!

 

[Nocturnal]

If S&P is up 10% in a year and your fund is up 12% many investors would probably be happy, not thinking about the risks taken to get that result. I'm sure whoever was responsible for the fund though better have a good explanation for the bosses about how that happened.

The risk to the fund to possibly only gain 8% is far larger than the potential benefit to hitting 12% IMO. At least for funds that attempt to track the index.

Looks like Tesla is prepping for a big Q4 push:
Tesla (TSLA) goes on crazy hiring spree, adds 1,000 sales and delivery people in 2 months - Electrek

My local SC has several new sales positions. I didn't think much of it until reading this.

 

[Beltsbear]

I encountered a technical issue this morning upon checking my Schwab account.

I was smiling so big that my iPhone’s FaceID didn’t work to log me in.

I’ll file that into my Tesla Investor Problems tracker for future reference.

I was wondering why it would not pick up my face this morning!

 

[traxila]

Hello all!

Created a poll for the SP movement here:

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Vote and feedback as you please!

All the best!