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

[OrthoSurg]

Ok the bottom should be around 1030 as I just sold shares at that price to pay for the down payment on the house. I did look into a loan on my shares. Loan officer for house stated that would likely upset underwriting and lead to a delay in closing. Sellers have a contingent offer so I wasn't going to do that to them.

Should have sold on Friday when I was thinking of it but momentum seemed there for Monday.

First time selling. I have more shares, thankfully, but that didn't feel good.

First world problems. I'm thankful for what the Telsa team are doing and the side effect of helping our investments. Thanks everyone here for sharing your views and advice.

I think you effectively determined the bottom. Well done. enjoy your gains!

but You should have listened to stronguy. He will tell you you should have sold at $1200 like he did. Just kidding.

 

[jhm]

Conservative thinkers opening University of Austin alternative college

The conservative-led university says it is dedicated to 'the fearless pursuit of truth'...

www.chron.com

Could it be that Musk's tweet about T.I.T.S. was meant to troll this conservative proposal to create a "University of Austin"?

 

[deffu]

First thought that came to mind (after clicking Ignore on the new persona) was whether he did the math on Cap Gains for his "brilliant" move, with the hope of getting back in around 900 for a profit.

Without knowing the value of the shares in play let's use a low-middle of the road 20% Short-term CapGains rate, then calculate.

20% of 1200 is 240.

Getting back in, in the 900s, after paying $240 in tax per share sold doesn't sound like something to brag about.

If it never gets below 1000 again, even worse.

Edit: Got in a hurry and didn't think this through. Nevermind. Thanx @traxila

This is right. But be aware everyone’s situation is different. He might reside in a country that doesn’t tax or tax very low on capital gain or has no way to track foreign investment

 

[lafrisbee]

The billions of dollars that have traded hands for no good reason...and probably illegal. A week ago I couldn't figure elon out. Not much changes.
Ants.

 

[2daMoon]

This is right. But be aware everyone’s situation is different. He might reside in a country that doesn’t tax or tax very low on capital gain or has no way to track foreign investment

His banned profile someone posted indicated New Jersey, so, you might be right.

 

[mltv]

I have never regretted my silences.

When the thread going back and forth with StrongGuy. My reaction and

 

[SOULPEDL]

IRA all the way!

(aka I gots no cash.)

Oh man, can no do, this is my income too. Currently at 76% TSLA in my IRA. But you are tempting me and it can never really hurt to own more of this company.

 

[MXWing]

Anyone know for sure if Elon could file after he sells?

Or does he need to file before doing any kind of selling?

 

[Thekiwi]

Conservative thinkers opening University of Austin alternative college

The conservative-led university says it is dedicated to 'the fearless pursuit of truth'...

www.chron.com

Could it be that Musk's tweet about T.I.T.S. was meant to troll this conservative proposal to create a "University of Austin"?

Reading the linked article I would have thought Elon would be rather supportive of this proposed university, which sounds more libertarian leaning than conservative.

 

[mongo]

Anyone know for sure if Elon could file after he sells?

Or does he need to file before doing any kind of selling?

He must file to report the sale.
While potentially helpful, he is not required to file before the sale.

 

[2daMoon]

For perspective, by my calculations we are still at around 46% gain for the year. (down from ~65% yesterday)

So, I'll just cross 'crying myself to sleep tonight' off the To Do list now.

 

[Paracelsus]

Hmmmm……..TSLA is now hovering precisely over the 1- month trend line, where the stock was already headed just a couple weeks ago. Even that was an exciting ride. Strong support here could prevent it from drifting further down to the 6- month trend line - which although it too has a nice positive slope, it remains a couple hundred points below us now. No wonder WrongGuy came out ranting at this pivotal moment

 

[SOULPEDL]

My purchase might be unlikely today with the uptick rule in effect. As I understand (corrections most welcome) - people can still sell shares, but can't short it below that price? Seems we are riding that 10%. I saw it drop pas 10% just a moment ago, now back in the 9's. So no selling without more shorting? Seems like a good sign to me.

This seems to be holding true as my 1020.20 order is still not executing. I might need to force the buy and raise my price before days end.
Q4 people, and the holidays are getting closer.

 

[LightngMcQueen]

Reading the linked article I would have thought Elon would be rather supportive of this proposed university, which sounds more libertarian leaning than conservative.

Yep According to the journo, supporting evolutionary psychology is a conservative position LOL.

I have hard time thinking of any subject where Musk would disagree with Pinker.
If Austin journalists think Steven Pinker is a conservative thinker then they need all higher education they can get in Austin

[I thought readers of this forum, based on past experience with TSLAQ, would have a better judgement filtering out journalistic hit pieces for their own consumption, never mind impulsively sharing them.]

 

[deffu]

He must file to report the sale.
While potentially helpful, he is not required to file before the sale.

He filed on Twitter anyway

 

[deffu]

Anychance musk already finished the share dump today and a sec filing is on its way?

 

[generalenthu]

Was listening to Emmett Peppers on Twitter audio chat, and he thinks Elon will be done selling this evening, with some done yesterday and the rest done today.

There was another video yesterday where a YouTuber said there were no huge block trades yesterday, but Gary thinks the sale started in earnest yesterday morning. Some conflicting info though I'd personally side with Gary here.

Obviously volume today is much higher than yesterday and between the 2 days we are looking at perhaps 90 million in volume (by the end of today). It feels like that's enough for a potential 17 million share sale.

Long story short, I think we are nearing the end of sale period, grab your I-helped-Elon-pay-tax shares before the sale is over most likely today.

 

[woodisgood]

Anychance musk already finished the share dump today and a sec filing is on its way?

Your guess is as good as anyone's, but I think yes.

 

[Prunesquallor]

Was listening to Emmett Peppers on Twitter audio chat, and he thinks Elon will be done selling this evening, with some done yesterday and the rest done today.

There was another video yesterday where a YouTuber said there were no huge block trades yesterday, but Gary thinks the sale started in earnest yesterday morning. Some conflicting info though I'd personally side with Gary here.

Obviously volume today is much higher than yesterday and between the 2 days we are looking at perhaps 90 million in volume (by the end of today). It feels like that's enough for a potential 17 million share sale.

Long story short, I think we are nearing the end of sale period, grab your I-helped-Elon-pay-tax shares before the sale is over most likely today.

No way. Mine are I-got-Elon's-shares shares.

 

[Featsbeyond50]

Got a nice buy ladder built, from 1,000 down to 700. One can only hope...

Yes, below 900 is only hope. Because it's not going there.