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

[Fact Checking]

It’s approved for COVID-19?

It appears you aren't aware of how FDA approved drugs can be prescribed by licensed doctors for any illnesses they think is medically appropriate, right?

Hint: it only takes a single prescription.

Off-Label Prescription Drugs Use: Benefits and Risks

"Many people may be surprised to know that the FDA regulates drug approval, not drug prescribing, and ... doctors are free to prescribe a drug for any [reason they think is medically appropriate],” says G. Caleb Alexander, MD, MS, a medical ethics advocate and assistant professor of medicine at the University of Chicago Medical Center. "Off-label use is so common, that virtually every drug is used off-label in some circumstances."​

If an existing FDA approved drug proves effective at treating Covid-19, it can be used immediately.

 

[Thekiwi]

Be careful everyone. Broad markets are still trading at a relatively normal earnings multiple by historical standards (~17x PE), so still possible to see a much deeper sell off despite what we have already seen.

Also have to consider another take private attempt wiping out high OTM call strikes.

 

[wipster]

Boy ya know it's a good thing I don't monitor the stock price and fret about it... /s

Edit: Thanks Jerry... can't even get my sarcasm right...

 

[dw4ngg]

I have a confession. I bought more than I wanted to today.. wanted to save some for next couple weeks in case of further dip. I also bought some MGM

 

[Intl Professor]

Question for all the cup half-full people:

What possibly positive imminent news regarding the virus is out there to warrant a rebound of the sentiment/market in the very near future?

not asking for hopes and dreams, but tangible news that could turn the macros around

Donald Trump is a hoax?

 

[jerry33]

Boy ya know it's a good thing I don't monitor the stock price and feet about it... /s

Yeah, it's hard to shoes an option.

 

[Krugerrand]

They would have to change the name to Gigafactory Island.

As long as they don’t get any ideas about my island. Then I short TSLA with abandon.

 

[TrendTrader007]

What strike price and what date are you picking?

Well 99.5% of my portfolio is in $tsla $350 June 17,2022 calls but for the last few days I’ve added to $1800 and $1300 June 17, 2022 calls since I pretty much ran out of cash

 

[wipster]

Yeah, it's hard to shoes an option.

Sock it to me?

 

[FoverM]

2 for one split. Interesting

Important Information: Telus Corporation (T): 2-for-1 Stock Split
Date: 17 Mar 2020 05:34 PM ET

Please note that Telus Corporation will undergo a 2-for-1 stock split effective Wednesday, March 18, 2020 and shares will begin trading on a split-adjusted basis on this day.

Holding Telus Corporation shares until market close on March 17, 2020 will result in additional shares being deposited into your account on Friday, March 20, 2020.


Thank you for choosing RBC Direct Investing.

Two 'funny' ratings, but that is taken directly off my RBC direct investment account. Do they really have it wrong?

I imagine the stock price already reflects the split. Better make sure that your shares actually doubled

 

[Tslynk67]

People rate this funny, but it's not funny at all. All sorts of people (anyone that doesn't want to see Tesla succeed) will sign that petition. This really pisses me off, and now I'm going to have to have another session with @Krugerrand to get back into a zen-like state.

I reported it as "Fake" - scroll down a bit, there's a link...

I call end of quarter now. Short month - only 18 days.
We're good

View attachment 523092

I think you can forget about the John Fogherty gig though, we got a bad moon right now.

 

[The Martian]

Sold some cash secured Apr puts. Hope to get assigned shares.

 

[TrendTrader007]

So the stock off 63% since high of $968 on 2/4/20 what is the probability of it going down versus going up
I’m betting accordingly

 

[woodisgood]

After much cajoling and after viewing my impressive gains on TSLA and some other solar plays, my wife recently finally allowed me to invest her deferred comp plan, which was sitting in the usual type of fund. Not a ton of money (she has a pension...well, if pensions survive...), but a significant amount that I thought really ought to be in TSLA to increase our meager position. Well, of course, it turned out to be the top when I started buying. Been buying all the way down, waiting to deploy the last bit. Have managed to average down to under 650, but yeah....great bit of bag-holding here.

She’s being a good sport about it, because it’s money that won’t be touched or needed for two decades, and we have the utmost confidence in where Tesla will be.

But I should find another place to sleep...

 

[Chunky Jr.]

Drivers fear coronavirus risk from gas pumps, the filthiest common surface in America - Electrek

Drivers of gas cars are expressing fears about contact with coronavirus at the pumps. Studies dating back to 2011 reveal that gas pumps are among the germiest surfaces in America.

yet another reason to go EV

 

[CanadaEV]

I imagine the stock price already reflects the split. Better make sure that your shares actually doubled

Can't find it anywhere on the news, but that is a legitimate screenshot. How could RBC have it wrong? March 20...

 

[lklundin]

What if he used it to short ford, gm, Uber day after getting it. One can dream.

I honestly can't imagine Elon Musk diverting mental resources to something so short-sighted as investing against the competition especially since he is well on the way to simply disrupt them out of business.

Btw, _spending_ money to short a company implies buying puts (or similar), since actual short selling would give you more cash, not less.

 

[CanadaEV]

Can't find it anywhere on the news, but that is a legitimate screenshot. How could RBC have it wrong? March 20...

Crap, I can't read. Telus... Tesla... what's the difference. I don't own any Telus, only Tesla, so why are they notifying me of that?

 

[Tslynk67]

Yes America. Sell of all the stocks. That digital currency you wind up "protecting" will totally be useful in Mad Max times.

I have to imagine that even most of those who are panicking now assume we will be back on solid footing 2 years from now.

The obvious interpretation is that while the market manipulators may have managed to walk the share price down, the options players are not willing to validate those prices.

I notice many days in a row of TSLA shares down a consistently large amount every day with increasing volume. This tells me we are getting close to at least a temporary correction to the upside.

Sorry, I had a fundamental typo in my post, of course it's a call option buy order I'm waiting to execute, not a sell... My trading account is all bullish calls now - starting with $875 Jan 2021's (risky), but mostly $1400 June 2022's (should be fine with these). My core shares account remains unfettered - looking to add to that before end of month. Maybe.

I'm hoping to be able to offload the options and convert to shares as we climb back up.

 

[TheTalkingMule]

Weird that the market would tank 8% after CNBC let's a hedge fund manager yell "Hell Is Coming" all day. I wonder if perhaps we're over-reacting?