Oh brother. I wonder how she would react being put in the exact same position. As the saying goes “walk a mile in my shoes”. People sure like to say “I’d never do that if I were him”, while sitting by the pool drinking a latte trying to get rich off from him busting his a$$.
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Oh brother. I wonder how she would react being put in the exact same position. As the saying goes “walk a mile in my shoes”. People sure like to say “I’d never do that if I were him”, while sitting by the pool drinking a latte trying to get rich off from him busting his a$$.
Because the stock's value isn't set simply by the people you're talking with? Because various entities on the market have different views as to every aspect of the company and the marketplace? Because some people take short positions, driving down the stock? Because markets don't like uncertainty? Because the broader markets have been declining, and Tesla moves more than the general market? Take your pick.
Why do you care...you getting rich from shorting...right?
If you invested in NFLX, your would know from May 2011 $300, it dropped to $53 in a year! those who understood the business model stayed on, bought more, then it went to $2800, now $2457 (there was a 7:1 split in 2015).
I don't know how exactly TSLA will play out. Not saying it will move the same way NFLX did, I really have no clue. If you didn't use leverage in your TSLA stock purchase, you can keep saving cash, watch and see what will happen next. You might get a great entry point later.
Personally I stay the course. I have a lot of shares, continue to save cash, will continue to add down the road, be it $100 or $400. I'm not blindly adding. Everything I look at, this business is likely to hit big in 10 years.
If we look from the insurance angle, Tesla has a decent chance to produce 50 million vehicles in the next 12 years (I have a map to guess how many they will produce each year), if they earn $500 insurance premium from each car each year, they can earn a total of $300B in the lifetime of these cars. This is doable as they started to build their own bodyshops, the next natural step is to start their own insurance, knowing the accident rate is 4~5 times lower than normal cars. They have a strong competitive advantage to sign up customers. I'm not saying this is guaranteed to happen, it's a scenario, which has a decent chance to happen. Then there is the potential self-driving ride sharing business, they could earn $30,000 from each used Tesla, if they solve self-driving.
Paying too much attention to quarterly results may lead to missing the big picture. Even if you guess the results right, the stock might move unexpectedly. Better to have your own plan, don't play the Wall Street game.
I'm not a fan of leverage. A little bit diversification can help to reduce stress.
I think there is a long history to TSLA, it starts from around 2013 when the SP was in 30s and now it has shot up to 200s-300s. New longs don't understand this history and why this is such a battleground stock. The longs on this thread and very seasoned hardcore longs and they are in a war with those shorts who are also hardcore. For newbies to come and buy is absolutely dangerous unless you are prepared to join the war.
I have no idea what you mean by losing 10 years of hardwork. Stock goes up, stock goes down. If you think in term of paper losses as real losses than the market is probably not for you.
Buddyroe
Active Member
Doesn't Tesla make cars? Don't they make a car called a Model E or 3 or something? I think it's selling pretty good, but I'm not sure. I do know that their CEO is always running his mouth on Twitter. Man, that guy is nuts.
Smokey4141
Banned
Just asking the question... If Q4 is gonna be the craziest quarter, you'd think more people would recognize that, and the price ~should~ go up in anticipation of that... But it's not...
So, just asking the question... Clearly, I'm missing something... Sorry to bug you tonight.. Take care..
My wife actually liked Elon's tweets and encouraged me to buy more shares, which I did in modest numbers. My opinion is that it's generally not a good idea to troll government regulators. But Elon does speak the truth - the SEC is only helping shorts.
Smokey4141
Banned
A fair reply and points... Thank you...
Except for one.. If I borrow a stock and sell it short, a new long is buying it from me...
One sell, one buy... The share didn't even exist before I borrowed it, so one new buy, one new sell...
I could just as easily argue that that new "buyer" is driving the price higher...
But I don't, because that would just be silly... ;-)
And, the best part.... To cover my position, I have to "buy"...
You could even say I'll eventually support the stock with my future buying...
All Elon has to do is sell a car profitably, and the shorts go away... It's not shorts pushing the stock down...
Think about it...
omgwtfbyobbq
Active Member
Tesla issues forward guidance in their earnings report AFAIK, which is about a month after the end of the quarter, not immediately after the end of the quarter.
We have thought about it...and placed our pet's accordingly...have you?
Do you have skin in the game or not?
I think these wild share price swings prove Elon right. It’s a hard truth for some to accept since they make a lot of money doing it, but short selling is not good for investing in America.
There is no benefit but to incentivize bad behavior. It’s a lie to say otherwise.
A bad business should be investigated to warn investors to get out. Not to make money off of investors who have money in a bad company. The SEC (reporting, etc...)is designed to prevent bad companies from taking advantage of actual investors.
There is no justification for short selling. None. They don’t help uncover bad companies, they just stiff unwitting investors with their bill.
It is absolutely antithetical to what investing means. There are no adds on tv that say let’s make money taking companies down. None. I’d love to see a one Fidelity ad promoting that to retail investors in their mutual funds, retirement funds.
I don’t buy the do good shorting arguement. It’s a scam to keep the racket going.
Let me know of all the do good short sellers that make money every day pushing good stocks around and vis versa for pumping a stock, just then to short it.
Let me know about all the do gooder shorts that manipulate the media or pay for insider information with all those do gooder dollars they make disparaging companies.
To create chaos and doubt is their method. That how you make people press the sell button. It’s far easier to convince someone to sell. This is the very base nature, it is built into it. There is nothing good about it.
It’s a way to make money, not uncover bad companies. I can’t stand it when I hear that arguement.
Some big people need to have the courage to do the right thing and call this out. Elon has the fortitude to do that. It may be rough around the edges sometimes, but by goodness, he doing it here.
There is no benefit but to incentivize bad behavior. It’s a lie to say otherwise.
A bad business should be investigated to warn investors to get out. Not to make money off of investors who have money in a bad company. The SEC (reporting, etc...)is designed to prevent bad companies from taking advantage of actual investors.
There is no justification for short selling. None. They don’t help uncover bad companies, they just stiff unwitting investors with their bill.
It is absolutely antithetical to what investing means. There are no adds on tv that say let’s make money taking companies down. None. I’d love to see a one Fidelity ad promoting that to retail investors in their mutual funds, retirement funds.
I don’t buy the do good shorting arguement. It’s a scam to keep the racket going.
Let me know of all the do good short sellers that make money every day pushing good stocks around and vis versa for pumping a stock, just then to short it.
Let me know about all the do gooder shorts that manipulate the media or pay for insider information with all those do gooder dollars they make disparaging companies.
To create chaos and doubt is their method. That how you make people press the sell button. It’s far easier to convince someone to sell. This is the very base nature, it is built into it. There is nothing good about it.
It’s a way to make money, not uncover bad companies. I can’t stand it when I hear that arguement.
Some big people need to have the courage to do the right thing and call this out. Elon has the fortitude to do that. It may be rough around the edges sometimes, but by goodness, he doing it here.
Smokey4141
Banned
The point was, THIS is the first time Elon didn't say a word about forward guidance, at the time of the release of the production numbers...
You're certainly correct in what you said, but he's also been tweeting out un-official FG during the production numbers...
This is is the first time he didn't...
Smokey4141
Banned
Oh yes....
That said, you might have even bought against my sale...
Were you trying to push the price up by buying?!?! That's FUD! hahahaha ;-)
Have a great night...
powertoold
Active Member
The world doesn't want to be saved. Elon is slowly starting to realize that. Case in point: Trump, Kavanaugh, consumerism, nationalism.
We need to F the SEC and the shorts. Who cares about the world and some mission to reduce green house gases. We need to fight the fight and go down in flames, as long as we follow our principles and values.
Those of you who don't know Elon should watch that video where he says, "I'll never give up, never." That's the Elon we want in this world, not some pussy who backs down to the SEC or shorts. The same Elon who is tweeting now is the one who fought all odds to bring Tesla and SpaceX to where they are now.
Can we suppress Elon and still have the same Elon?
We need to F the SEC and the shorts. Who cares about the world and some mission to reduce green house gases. We need to fight the fight and go down in flames, as long as we follow our principles and values.
Those of you who don't know Elon should watch that video where he says, "I'll never give up, never." That's the Elon we want in this world, not some pussy who backs down to the SEC or shorts. The same Elon who is tweeting now is the one who fought all odds to bring Tesla and SpaceX to where they are now.
Can we suppress Elon and still have the same Elon?
omgwtfbyobbq
Active Member
Offhand, this is also the first time Elon's reached a settlement with the SEC, so there's that...
Along the same lines, can you link to the statements on forward guidance you're claiming he made?
So the class of investor that Elon wipes out the hardest is those who deal with options.
Instead of buying calls before end of market like what I usually do - I decided to go long shares.
No leverage but less volatility exposure.
Instead of buying calls before end of market like what I usually do - I decided to go long shares.
No leverage but less volatility exposure.
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