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"Bad news is an investor's best friend. It lets you buy a slice of America's future at a marked-down price." - Warren Buffett
On this note, I purchased CRWD at $122.95 as I have to disagree with the market's (over)reaction to their latest quarterly report. I've also added additional shares to TSLA.
Earlier today I purchased two T-Bills, one maturing in April and one maturing in August. (I had a $100k T-Bill mature today and I split it to purchase the two above.) I now have T-Bills maturing every month between now and 08/31/23. Each month as they mature, I'll make a decision whether to reinvest in fixed income or take some or all of it and purchase more equities at that time. (This is my taxable "playing around" account; my IRAs & 401(k)s are in set-and-forget mode, or at most, an annual rebalancing.)
The above post was from October 11th and the two T-Bills had YTMs at the time of purchase of 4.08% and 4.28% respectively.
The first of my laddered fixed-income instruments matured last Friday, but I was out of the country and decided to wait until my return to decide what to do with it. This morning I bought another T-Bill maturing 11/30/23 and paying 4.71%. That's the longest out I've gone so far. I've got another T-Bill that is maturing later this month (12/29) that I purchased a few months ago, and two maturing in January. Those T-Bills had YTMs when I bought them of between 3.286% and 3.62%, so I hope to do a little better going forward.
How much of the 700 point move on Wednesday is due to algorthymic trading?
This is worse than a casino !!
Who cares? You play the hand the house deals. The market goes up and you make money. The market goes down, you buy more lower and make money later. All this macro worry is ridiculous. The long game is the only game that wins every time. Get rich quick doesn’t work, so get rich slow instead.
I added more Tesla shares in the pre-market. The stock is currently down due to a false story (per Tesla) claiming demand is down and that December will see a 20% decrease in production.
I guess this 20% decrease in demand helps grabs eyeballs to news sites (looking at you, Bloomberg), and why let facts get in the way of a good story ;-)
But here are the relevant facts, according to local media outlet Xinhua and China Passenger Car Association Secretary-General Cui Dongshu:
+ Record-high 100,291 vehicles delivered in November for the Shanghai factory
+ ~90% YoY increase with the November deliveries
+ ~40% MoM increase
+ 650k+ total YTD production from the Shanghai factory
Location: West Los Angeles and Rancho Palos Verdes
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Quote:
Originally Posted by FIRE42
I added more Tesla shares in the pre-market. The stock is currently down due to a false story (per Tesla) claiming demand is down and that December will see a 20% decrease in production. [...]
The image of a crying and screaming Alyssa Milano flashed through my mind.
I added more Tesla shares in the pre-market. The stock is currently down due to a false story (per Tesla) claiming demand is down and that December will see a 20% decrease in production.
I guess this 20% decrease in demand helps grabs eyeballs to news sites (looking at you, Bloomberg), and why let facts get in the way of a good story ;-)
But here are the relevant facts, according to local media outlet Xinhua and China Passenger Car Association Secretary-General Cui Dongshu:
+ Record-high 100,291 vehicles delivered in November for the Shanghai factory
+ ~90% YoY increase with the November deliveries
+ ~40% MoM increase
+ 650k+ total YTD production from the Shanghai factory
I’m still patiently waiting for $150/share. Let’s see if it gets there early 2023…
The image of a crying and screaming Alyssa Milano flashed through my mind.
Lol for sure!
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