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re: TSLA at $161, anybody biting?
Posted on 12/24/22 at 4:19 pm to Aubie Spr96
Posted on 12/24/22 at 4:19 pm to Aubie Spr96
I don't trust anyone on that particular network.
1
Posted on 12/27/22 at 7:50 am to SalE
at $116 in the pre-market.
Posted on 12/27/22 at 9:48 am to GeneralLee
Looks likely to dip to 100 or less imo
Posted on 12/27/22 at 10:04 am to CajunTiger78
112 now. I'm down bigly
Posted on 12/27/22 at 10:05 am to CajunTiger78
Gonna load the boat so hard in the $50-80 range imho. I think it'll get there by March.
Posted on 12/27/22 at 10:41 am to Shankopotomus
quote:
Apparently think or swim just turned OFF margin for TSLA today for rest of day. Yikes
I didn’t look at the margin requirements for the TSLA equity the other day. For a straight buy, looks like it’s around 30% today for my portfolio margin account… similar to RACE (Ferrari), which is the automotive stock that I’d look at before TSLA. But I’m not being tempted by any auto related stocks right now. I cashed out of my PAG (Penske Auto Group) stock a few weeks ago for a nice profit and managed to sell some puts on F that expired worthless. That’s enough for the foreseeable future. Best to let the recessionary dust settle for awhile, IMO.
Posted on 12/27/22 at 3:10 pm to Jag_Warrior
$109 close wow. Might get to my $50-80 price target in a few weeks at this rate.
Posted on 12/27/22 at 3:12 pm to GeneralLee
quote:
Happy to have most of my chips in SpaceX instead.
I wonder about the valuation of those. If SpaceX was public it would have likely been destroyed this year too.
Posted on 12/27/22 at 3:38 pm to oneg8rh8r
I’m giving it serious consideration
I don’t like stocks that are making new 52 week lows so I’ll wait.
I think we could be looking at a generational opportunity in the next 6 months.
If I see it bounce around and create a bottom then I’ll bite. The company has legit earnings and solid projected earnings so it’s not some sort of gamble on a hope.
I don’t like stocks that are making new 52 week lows so I’ll wait.
I think we could be looking at a generational opportunity in the next 6 months.
If I see it bounce around and create a bottom then I’ll bite. The company has legit earnings and solid projected earnings so it’s not some sort of gamble on a hope.
This post was edited on 12/28/22 at 9:21 am
Posted on 12/27/22 at 4:15 pm to slackster
quote:
I wonder about the valuation of those. If SpaceX was public it would have likely been destroyed this year too.
Maybe, but they just had a secondary round at $140B valuation (compared to $100B last year). It's grown at a 46% CAGR since inception in the early 2000's. Their launch cadence has been unreal this year and the Russian space program is basically toast so SpaceX is at all time high share of the annual mass to orbit.
I agree that if publicly traded it would likely be down this year (since the Twitter meltdown that affected Tesla hardcore this past month).
Thankfully it's a different, more patient investor base in the private markets. Also, SpaceX's customer base almost no other options for launch providers with a Falcon 9 or Starship level payload capacity so they don't have to worry about losing customers like Tesla has to worry about losing weak kneed liberals who don't like Elon's tweets and then decide to sell their Tesla vehicle.
Posted on 12/27/22 at 4:40 pm to GeneralLee
quote:
they don't have to worry about losing customers like Tesla has to worry about losing weak kneed liberals who don't like Elon's tweets and then decide to sell their Tesla vehicle.
Well, to be fair, Tesla’s stock price crash doesn’t have much to do with libs (or anybody else) selling their used vehicles… or even not buying new ones for superficial reasons. Musk having to dump significant amounts of TSLA on the market, spouting off about possibly bankrupting Twitter (while even more TSLA shares are pledged and subject to margin calls or forced selling), saying he wouldn’t sell more TSLA… and then selling more, the Covid related production issues in China that he has no control over, interest rate increases, the market’s lack of affection for higher beta stocks right now, etc., etc. - I’d say that those are some of the primary factors affecting the stock price.
If he’d been successful in taking Tesla private a few years ago, much like SpaceX, I doubt that you’d see the haircut that we’re seeing now.
But with all that said, I wouldn’t be surprised to see at least a short term trading bounce over the next few sessions. The bottom likely isn’t in, but I may do a bullish skewed option play in the near term to take advantage of the oversold condition and the incredibly high IV and IV percentile. But like I said, I’d be renting, not buying.
Posted on 12/27/22 at 7:02 pm to GeneralLee
quote:
Gonna load the boat so hard in the $50-80 range imho. I think it'll get there by March.
If you are confident it’s going to $70 a share, why not short it now and make money down and up?
Posted on 12/27/22 at 7:47 pm to Guntoter1
Not shorting it at these levels, I don’t like shorting individual stocks. It’ll bounce back 15% in one day soon but will probably still grind down over the next few months to $50-80.
Posted on 12/28/22 at 6:31 am to Jag_Warrior
quote:
may do a bullish skewed option play in the near term to take advantage of the oversold condition
I'm thinking the same. The selling pressure should abate soon and will clear the way for a retracement. I'm targeting around $130.
Posted on 12/28/22 at 7:20 am to Guntoter1
quote:
quote:Gonna load the boat so hard in the $50-80 range imho. I think it'll get there by March.
If you are confident it’s going to $70 a share, why not short it now and make money down and up?
I keep looking at some LEAP Puts. But , every time I dipped my toe into that market, I get creamed.
Posted on 12/28/22 at 9:33 am to Guntoter1
quote:
If you are confident it’s going to $70 a share, why not short it now and make money down and up?
Or sell puts if you've got the cash to back it up. Jan 2025 $70 strike puts are going for $15 a contract.
Posted on 12/28/22 at 12:18 pm to Diseasefreeforall
I just bought at 113. Prepared to hold for awhile as I think when rates stabilize, Elon appoints a Twitter CEO, and they really get the semis and the self driving tech cranking then it’s gonna move back up.
Posted on 12/28/22 at 1:05 pm to blowmeauburn
I just sold a small basket of 1/6/23 83 strike puts. I would be willing to take the shares at that price and do a wheel trade with covered calls if necessary. The premiums/IV are too much to pass up for a low delta short term trade.
Posted on 12/28/22 at 1:51 pm to Jag_Warrior
quote:happy to follow along with my paper trading, good luck to y’all putting skin in the game
I just sold a small basket of 1/6/23 83 strike puts
Posted on 12/29/22 at 7:37 am to wileyjones
TSLA $118 premarket. Looking good!
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