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

[TheTalkingMule]

I still say we hit a new ATH at some point soon after Battery Day. Then again, I was pretty sure we'd end up green this week. Only off $140ish bucks maybe Friday will be good!

 

[EinSV]

Personal circumstances and risk tolerance vary so I understand why some people decided to cash in.

My perspective is I still own the same percentage of the same amazing company with the same incredible long term potential that I owned when I woke up this morning, and when the stock was $900+.

 

[Singuy]

As someone who completely missed out on the last financial crisis, I am feeling more and more happy about this. Not only would I get to participate on a crazy run up I've missed, but my earning power is 3x vs when I missed out last time. Maxing out my 401, HSA, wife's 401, Roth, everything. Lets DO THIS!

 

[Highway2Heel]

Raise cash and keep incrementally buying...

 

[MikeQ]

Now is a great time to convert an IRA to a Roth IRA.

 

[vikings123]

I’m one of those who probably has a higher cost average(630) than most on this forum. I don’t need the money now so no reason to sell any of my shares. This is a great company and I’m sure it will do fine once some positive news starts coming out. Why would you sell now if you haven’t sold already?

Is another downgrade coming tomorrow? would not surprise me at all based on the AH action.

You saw how the market reacted to the fed pump today even though it was just for a few minutes. I expect it to react more violently once our politicians realize they need to do something about it. There are other catalysts that can pick up the market but a modicum of unity from our politicians will go a long way.

 

[dl003]

I'm 64 and I will eat rice and beans before I let the lousy bastages have my shares.
Yeah I'm long and strong!

Have enough for 2?

 

[Pras]

As Tesla long term shareholders this market crash seems puny. We have seen worse. At least we have now others to share our grief.

 

[Pras]

Now is a great time to convert an IRA to a Roth IRA.

Good point!

 

[juanmedina]

Now is a great time to convert an IRA to a Roth IRA.

Why? A traditional IRA to a Roth?

 

[EinSV]

Now is a great time to convert an IRA to a Roth IRA.

Can you elaborate?

 

[Dr. J]

Can you elaborate?

If your traditional IRA's value is diminished, a conversion to Roth would have a lower tax burden than before it was diminished. Not an advice.

 

[Jayjs20]

As Tesla long term shareholders this market crash seems puny. We have seen worse. At least we have now others to share our grief.

I know, right. 50% drops and 6-month declines are not un-common for TSLA shareholders. We all know how this ends; it'll pay off in the end.

 

[traxila]

I sold all of my Tesla shares today. Nice profit, but not nearly as great as it would have been, if I had been wise enough to sell a few weeks ago. Unfortunately, the coronavirus suddenly arose out of left field to upset both my technical and fundamental analysis. I'll consider whether to get back in after the dust appears to have begun to settle.

This definitely makes me concerned. Am a big fan, Curt. Did you sell everything or just TSLA?

 

[dc_h]

I sold my SPY puts today in favor of SPY calls..... :/

I bought a few 1/2021 puts based on your post. Wish I had bought when you did. Up 84% today, but too small to make up for long losses. Wish I felt we were at the bottom, love to sell and lever long now.
Maybe I’ll feel lucky in the morning.

 

[Causalien]

Ugh... Damn seeing even more margin call coming tomorrow for the market.

 

[Causalien]

I sold EVERYTHING (all my stock, not just TSLA) on the first day the market started heading south. Wife and I are retiring and in our early 50's. We're doing a 72t to get around the early distribution penalty from our retirement accounts. Since the balance of your account when you start the 72t is what determines your annual distribution until 59 1/2, it was vitally important that I protect the balance until we start the 72t. Glad I did or I don't think we'd be retiring when we'd planned.

Ya those above 50 should follow this advice. Now is not the time to risk your assets.

 

[Prunesquallor]

I'm 64 and I will eat rice and beans before I let the lousy bastages have my shares.
Yeah I'm long and strong!

 

[dw4ngg]

I bought a few 1/2021 puts based on your post. Wish I had bought when you did. Up 84% today, but too small to make up for long losses. Wish I felt we were at the bottom, love to sell and lever long now.
Maybe I’ll feel lucky in the morning.

I may have sold and been a victim of large numbers... I bought a lot and 130% returns start looking real good, then I thought that fed spike was a bear mkt rally start or would at least carry thru tmrw, so decided to play it. With a lot less exposure. But nonetheless in calls when puts “feel” more right. We’ll see how tmrw plays out though! Can’t go down forever, but longer term, id still prefer puts.

Edit: I should say mid term I still favor puts, i.e. 2-3 months or however long it takes the world to figure out how we normalize the COVID-19

also, 1/21 puts may be too far out to feel any real hedging or relief if you’re only buying a few puts. Maybe do Jun or Jul... I think now thru then, worst case, will be where the brunt of the pain is felt.

last edit: my calls expire Mar 18.. the puts id previously bought expired Mar 20

 

[BornToFly]

If in a month, the virus appears to be contained enough that they start baseball, open Disney, start flying to Europe, etc., will the stock market bounce back, or continue to drop because of horrible Q1 reports everywhere?