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Same here. I saw TSLA was at $204 after I parked the car, but couldn't log into my ameritrade mobile app. By the time I got to my desk, it was at $212. By the time my trade went through, it was $216.
Sold some TSLA today @ $240 on the Consumer Reports bump. Overall, I'm still long on TSLA but I think there's a good probability of a pull back over the next week or so. I sure do wish I had been able to pick it up at $204 on Monday.
Interesting play- probably good for a quick bounce
News has it China intervened in their stock market. They do not want these declines occurring around the upcoming military parade. Sounds like a BS story to me. Bought anyways.
Sold some TSLA today @ $240 on the Consumer Reports bump. Overall, I'm still long on TSLA but I think there's a good probability of a pull back over the next week or so. I sure do wish I had been able to pick it up at $204 on Monday.
In short term, TSLA will do quite well. It is the long term horizon that makes TSLA a highly speculative stock. Just ask yourself these two questions 1) in 20 years, do you see even 10% of the U.S. drivers driving pure EV vehicle? 2) Can BMW, Mercedes, Lexus, GM, etc. build their own EV?
In short term, TSLA will do quite well. It is the long term horizon that makes TSLA a highly speculative stock. Just ask yourself these two questions 1) in 20 years, do you see even 10% of the U.S. drivers driving pure EV vehicle? 2) Can BMW, Mercedes, Lexus, GM, etc. build their own EV?
In 20 years, I could see that. We have a Nissan Leaf, and as compromised as the Leaf's range is, we still put way more miles on the Leaf than we do on our Honda with the ICE. Even putting aside efficiency, etc., I think most people who have never owned a plug-in underestimate the convenience of charging at home. We will never own another non-plug-in vehicle.
As for Tesla, I don't think of them as just a car company. I started buying Tesla stock in early 2013, and even back then I thought they would expand into other areas. To me, thinking of Tesla as a car company is similar to how in the early years of Google, many people just thought of it as a search engine. I also like the management's philosophy and determination to innovate not just with products and technology but also with business models, which are also reasons why I wanted to own some of their stock.
Bought YANG (China bear 3X). I'm down 6% with YINN, but I can't lose any more between the two of them.
China can't do anything right. The measures used to support their stock market have been a failure. Typical of what happens when governments meddle with things they shouldn't.
Anybody looking at CPA? It has been crushed, but from what I have read it is an excellent airline with some of the best margins in the business. Trading at under a 7 P/E and is at a 52 week low. Are the concerns mostly currency and investing outside the US or is there something else I am missing?
Day traded YANG today as well. In at $129.65, out at $133.78. This seems to be a pretty reliable trade lately.
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