Krugerrand
Meow
So if I have this right..
We need to keep one guy napping...one going out for gourmet food...one drinking in a bar.
And this run will continue...right?
Yes.
And I’ll stay being bored and sleeping. You’re welcome.
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So if I have this right..
We need to keep one guy napping...one going out for gourmet food...one drinking in a bar.
And this run will continue...right?
Yes.
And I’ll stay being bored and sleeping. You’re welcome.
I don’t think being short via puts has much of any impact on the SP. If they’re in the green, they get exercised, causing a buy on the open market, and a pre-arranged sale at a set price. If not, they expire worthless and whoever sold the puts pockets the money from them.
Oh wow:
TSLA 2019 | Page 21 | Elite Trader
"My buddy who trades TSLA just blew out... I can't be sure of the loss but he blocked me on Twitter and insta, so it's gotta be bad. He was down $2MM on the year with the shares at $335 and I know he was short 100K there as well as thousands of naked calls (short)."
"I am off this week and just looked. $388. ATH."
$335->$390 with 100k TSLA shares short is another $5.5m loss. Writing thousands of naked call contracts is incredibly risky, but I guess he needed the cash.
Then:
"He was convinced it was a $75 stock. He was short from 260 and held it to the touch of 165 on something like 80K shares. Didn't cover. Forced to cover at unch and then shorted (100K shares) again the day before earnings. Was shorting calls all the way to 350. I haven't talked to him since it hit 350."
"He's trying to sublet his $40K/month Tribeca apt on the qt as the co-op board won't allow it."
With the naked calls that's going to be a hard landing ...
I feel that I should say something at this great moment. I added more stake during the down trend time, $290 $260 $252 and ran out of dry powder. Then it went to you know, $176 or something? That was a painful process.
Now that all passed, but TESLA car still has a lot to improve on quality and reliability. My wife still doesn’t agree to buy one. Let’s keep pushing Elon and his fellow employee, though they always push themselves hard already.
Congratulations to everyone who stand strong up to today. Cheers!
Good to see she's still got what it takes /sMarketWatch - 6 minutes ago: Tesla stock closes at record, nears $400
The stock traded as high as $393.22 on Wednesday, a new intraday record.
As the stock gets higher, I've been building / will continue to build a small stake of put positions to hedge for a possible correction. I am really not expecting it though.
On-topic prediction market valuations, end of:
Now: $60B
2020: $75B (China Giga and Y main drivers, some from new S and X)
2021: $90-100B (FSD and monetizing time in car main drivers)
2022: $120-130B (Berlin Euro Giga, CyberTruck, Semi, Tesla Glass Roof main drivers)
2023: $150-$170B (all of the above on steroids, another Giga main drivers, Tesla buys assets from bankrupt weakest ICE company that failed to switch to EV for some of their factories).
Along the way TSLA added to S&P 500 and later DJI which provides some of the market valuation boost when all the indices have to buy the stock.
True a Model 3 P is supposed to max out at 145 mph last I checked — but hard to use that except places like Germany or on the track, and even then you are draining your battery quickly due to wind resistance not being a linear function of velocity.
In case you work for law enforcement, the proceeding 120 mph is a fictional fantasy!
Picked up a couple more shares at $392 to celebrate ATH. Cheers!
I also want to thank the shorts for giving me the opportunity to triple my position this year.
I was just reading about margin calls - am I right in saying it varies from broker to broker a lot with how margin calls are handled? And margin calls can give the investor 2-5 days to come up with funds? Does this mean we have a 2-5 day period of margin calls for every rally in SP? Do some brokers automatically just buy or sell stock to meet margin requirements?After hours volume: 229.89k shares as of 4:12, trading around $393.
Tomorrow morning might feature another wave of margin calls.
What exactly is it lacking in quality and reliability? My experience has been stellar.I feel that I should say something at this great moment. I added more stake during the down trend time, $290 $260 $252 and ran out of dry powder. Then it went to you know, $176 or something? That was a painful process.
Now that all passed, but TESLA car still has a lot to improve on quality and reliability. My wife still doesn’t agree to buy one. Let’s keep pushing Elon and his fellow employee, though they always push themselves hard already.
Congratulations to everyone who stand strong up to today. Cheers!
+1 I'm a "car guy" and I don't care about panel gaps or minor imperfections. (mine is pretty solid I think) The benefits of a Tesla far outweigh the claimed quality problems. The only issue IMO are the people who had to wait weeks/months for accident repairs but even those seem to be far less of an issue.Quality and reliability are fine. The ride and life quality thanks to plug in and full in the morning, autopilot, performance and safety is 1000x better than the legacy gas cars, every day you wait in the abyss is a day you will regret once you made the switch too late. I am not kidding when I say it feels like I left a very ugly past I did not even know I was stuck in.
Now that all passed, but TESLA car still has a lot to improve on quality and reliability. My wife still doesn’t agree to buy one.
So what if this is not just shorts covering but a hostile takeover accumulation, would we get notification before it is too late?
Ark's newer bull case target is in the 5k area isn't it? Kathy believes that Tesla's tech lead is increasing and that they will retain more market share than they previously predicted.Why does everyone keep saying $4000 price target (I know, ARK!), but I feel the min price target should be $5555 with current no. of shares outstanding
How long it might take? To achieve that in 5 years, need over 70% annual returns every year and to achieve it in 10 years, need about 30% annual returns every year. The latter seems easily achievable and the former is what I am rooting for.
In any case, $1T!