FWIW despite having essentially no dry powder, I scooped up 200 more shares in the 250s and funded it by selling a few Jan 2019 puts at the same time (thanks to highly elevated IV). We may get another buying opportunity like this... but we may not. This reminds me of the "February Freakout" of 2016.
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For some reason Schwab isn't lending my shares out. I'm going to have to do something about that...
Sparky
Member
Was thinking the same last week. I had plenty of dry powder since I started "stop-lossing" around 330. I was getting emails every day of another chunk of shares sold.
Perhaps this exposes me to being a "weak long" but it's the way I've always protected my capital when I can't babysit 5 days a week.
Usually I wait out the bottom until it's clearly on the rebound and buy back slowly. But this one seemed too much like 2016 so I bought it all back and then some from 249-260. By the time the price was up to $285 my account was worth more than when price was $325.
Rather be lucky than pretty.
DragonWatch
Small FootPrint
Yes, you are correct with the traditional IRA, but a beneficiary IRA is different:-( I must sell the shares and transfer cash. If I transfer shares, they do not count as the minimum distribution. I can sell, transfer to another account, and buy within a short turn-a-round ~ plus pay taxes. Lastly, I promised my wife a vacation/cruise courtesy of our 7.5K Model X income tax incentive which might cover the first week of four. Since I failed to take the family on a cruise returning from Europe (retired from the army) back in 1994, well I owe her that much
Truth be told, I probably owe her way more than money can patch over for raising our kids without meOh, we used money starting last year to dump into a joint account with unused monies (Tesla).
By the way, good to have you back ~ I have missed your contribution ~ hopefully it is not a case of my failure to pay attention.
That can't possibly be right. I've looked up the rules more than once. I know that withdrawals of property are just as good as withdrawals of cash from the point of view of the IRS. (Provided the property is liquid and has a clearly established value on the withdrawal date, which is the case with TSLA.)
Maybe it's a restriction set by your IRA custodian?
Well, you have to pay taxes in any case.
Well, if you're going to *spend* it, that's another matter.Lastly, I promised my wife a vacation/cruise courtesy of our 7.5K Model X income tax incentive which might cover the first week of four. Since I failed to take the family on a cruise returning from Europe (retired from the army) back in 1994, well I owe her that much
No, I was sick and overwhelmed.
You have more pricing discipline than I do. I'm afraid I bought some at higher prices, and have effectively run out of cash so I was only able to increase my holdings by 2% during the dip.
dandurston
Member
It's fun having the old TSLA back with the stomach sinking plunges and then euphoric rises.
Over the last year TSLA was getting boring. How many days with >5% price movement were there in 2017 vs the previous few years? Hopefully 2018 keeps up the volatility - ideally to the upside.
Over the last year TSLA was getting boring. How many days with >5% price movement were there in 2017 vs the previous few years? Hopefully 2018 keeps up the volatility - ideally to the upside.
I have the feeling that the amount of shares available for trading is going down on each of these big dips because the true believers keep adding to their position. As the stock goes up again, lack of investors willing to sell must be like adding rocket fuel to a short covering fire.
Indicators: over the last few weeks the number of people here that claimed to add to their position seemed much higher than the number of people giving up and selling.
MacRocket
Faster than Falcon 9
I believe you are right about this, I added, could not resist the bargain.
Another factor may be the new believers.
My sister, my kids and a good friend have all bought TSLA shares after a drive in my MS. These are buy and hold people too so these shares will not come back on the market anytime soon.
My son and friend have also ordered a m3. My sister just took delivery of a MS. The power of the product.
Gerardf
Active Member
That is from another company : DRÄXLMAIER - Solutions for the Premium Automotive Industry not from Grohmann.
They seem to do wiring harnesses for batteries, power distribution boxes etc.
Possibly a machine to produce wire harnesses, but probably not a Grohmann line.
That’s big time! Now let’s see what kind of twist the shorts but on this
Easy. Tesla is desperately trying to convince people the ramp is taking off, when it is not.That’s big time! Now let’s see what kind of twist the shorts but on this
davecolene0606
Member
Chickenlittle
Banned
When selling options or stock will always price my limits 5 cents under the dollar. Shouldn’t matter to your bottom line but you would be surprised how often the sales go through that would have missed
ValueAnalyst
Closed
Since March 20, Model 3 VINs have added up to 14,446, or 850 per day, which would equate to 5,950 weekly rate.
Tesla is unlikely to get to 5,000 until May at the earliest, if there are no other major bottlenecks, which is a big if... so what's happening?
ValueAnalyst
Closed
Who's your broker? Mine has been lazy in lending them out, and I'd like to rectify that as I expect the borrow rate to continue to increase.
Disclaimer: This is friendly hassling from the local pedantic opotomist, nothing personal:
Is an example of a fact/ raw data with some interpretation.
Is an example of an assumption
Conflation? Confirmation bias? Non-causal correlation? Programming error? Some other C based alliteration?
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