Only true if all S&P names drop the same percentage. If TSLA drops more relative to other names, index funds will have to sell some TSLA at the next rebalance. Similarly, if TSLA drops less relative to other names, they will have to buy more TSLA.
Whelp... here we are. We've averaged 2.3% / trading day since announcement. Not quite the 3% per day I was hoping for, but I'll take it.
"Elon Musk Has Made Millionaires Out of His Most Loyal Fans
They bought Tesla shares early and kept the faith. After a dizzying year, is it time to cash in?"
intentionally not linked - Dana Hull in Bloomberg this morning.
Sold a couple 12/24 $700s @ $37. Feeling good to lock in the total cost of all contracts at this strike, but probably will regret it by EOD. We shall see.
Trying to take some conservative cues from you people.
I couldn't move my money out of my company's 401k to a Rollover account as long as I worked there. It was actually the tipping point for me - I quit the job in 2016, immediately converted my 401k to a RolloverIRA (all still at Fidelity), put it all on TSLA, and it's worked out pretty, pretty well.Friend of mine has a Fidelity 401k and wants to invest in TSLA but they wont let him. How can he roll over into an IRA or something that will let him. He's still employed there.