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

[dakh]

Index benchmarked funds buying?

Either way. Oh boy, what a glorious morning.

 

[TheTalkingMule]

OK, since we're honest, after getting them back earlier this week, I sold 100 shares at 667 again this AM in prehours. Selling more up to $850, but keeping 2/3 for next year! No leverage, only shares. Market in general looks good today too.

This is fun!

That is perfectly acceptable. So long as you're spending a good amount of it on something ridiculous.

 

[generalenthu]

@JBRR Would really appreciate your volume vs average chart posts a bit frequently today just to get a sense of how much above average the volumes are.

 

[Cherry Wine]

Wow that’s a lot of sell orders at <=$700.

View attachment 618822

Update 6:44 AM PT: Sell orders at <= $700 down from 685k just after open to 454k.

 

[lafrisbee]

https://www.etf.com/sections/features-and-news/sp-500-etfs-brace-tesla-trade?nopaging=1

S&P 500 ETFs Brace For Tesla Trade
ETF.com Dec. 9 interview with Rich Lee, with whom Rob Mauer vlogged tonight. Many of the same questions and replies.

"But to your point, why wouldn't Tesla stock just run another, say, 25-50% given that everybody has to buy it? That's where having a robust and dynamic market comes into play, because there are market participants, whether it be proprietary traders, hedge funds or prop shops whose job is to look for these announced index changes and trade them ahead of time, and hopefully accumulate a position in advance of the index and be suppliers of liquidity.

The sell side is a liquidity partner in this endeavor. If we look at an index fund that cannot deviate, and it cannot trade early, if you don't have the sell side there prepositioning or accumulating position, you may have that scenario where the stock just runs uncontrollably to the upside. You want a robust ecosystem."

I think the person he interviewed had a loyalty to the company and refused to divulge the truth about what he felt was going to happen.

 

[H Mak]

Newly minted Teslanaire here this morning .

Congratulations and welcome to the club! Just so you know, dress code is smart casual

 

[Opus BC fan]

The MMD - the pause that refreshes...

 

[Prunesquallor]

That run-up at the end of yesterday looks sooo cute.

 

[SOULPEDL]

That is perfectly acceptable. So long as you're spending a good amount of it on something ridiculous.

Yes, and this is ridiculous - 2021 Model Y. Loving it!

MSNBC pumping this up, thanks

 

[Highway2Heel]

 

[JBRR]

@JBRR Would really appreciate your volume vs average chart posts a bit frequently today just to get a sense of how much above average the volumes are.

Ok, will update a few times along the way.

 

[TheTalkingMule]

CNBC doing a lot of head shaking around this inclusion. "Forced buying at the top of the market!" Lol

 

[FrankSG]

IWM = Russell 2000 ETF

Not showing what the other 3 colors are for some reason, but they are AAPL, MSFT, AMZN.

 

[smorgasbord]

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.

Nope. They won't have to sell TSLA to reduce their percentage because the drop in the stock price has already reduced their percentage the exact amount needed.

 

[Vad42]

Newly minted Teslanaire here this morning .

Welcome to the club. I must say personally, seeing it pop through $681.82, even briefly for now, was an amazing number for me...

 

[StealthP3D]

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.

I would congratulate you but the return for holding TSLA through that same period (without compounding) averages 2.82% per day.

The other thing I know is the traders that have an unusually good run tend to post their results and the traders who blew it tend to slink off into the shadows without letting us know about their personal disasters.

 

[TheTalkingMule]

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.

 

[Opus BC fan]

"tsla-stock-price-an-army-of-millionaire-retail-traders-hold-on"

"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.

 

[elasalle]

See you guys in 20 days.

My post saying that Biden chose John Kerry as Climate advocate was banned as POLITICS.

OK almost 20 days

 

[M|S|M MYP]

MMD already?