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re: just bought Tesla stock today at $357

Posted on 1/30/20 at 9:43 am to
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 1/30/20 at 9:43 am to
good luck
Posted by SalE
At the beach
Member since Jan 2020
2939 posts
Posted on 1/30/20 at 9:52 am to
Going well at the moment...just a short-term trade..
Posted by Pendulum
Member since Jan 2009
7928 posts
Posted on 1/30/20 at 1:30 pm to
I sold a few shares I bought at $420 like 3 weeks ago for $650.00 last night. I'll get back in lower.

Not a bad 55% in 3 weeks lol. Wish I was older with more money. (when I'm right)
Posted by SalE
At the beach
Member since Jan 2020
2939 posts
Posted on 1/30/20 at 1:47 pm to
Good job...patience
Posted by shel311
McKinney, Texas
Member since Aug 2004
112635 posts
Posted on 1/30/20 at 8:58 pm to
LINK

Shorts lost $1.5 billion in the last day, down $5.2 billion already this year, and we're down $2.89 billion in 2019.
Posted by castorinho
13623 posts
Member since Nov 2010
86584 posts
Posted on 1/30/20 at 9:15 pm to
Not that much, since they squeezed
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 1/31/20 at 3:16 pm to
still going well?
Posted by SalE
At the beach
Member since Jan 2020
2939 posts
Posted on 1/31/20 at 3:27 pm to
Yes..it did, covered earlier today...nice beta.
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 1/31/20 at 3:35 pm to
of course you did...showed up at the perfect time on Money Talk right after TSLA earnings then shorted and got out at the perfect time also...

well done
Posted by castorinho
13623 posts
Member since Nov 2010
86584 posts
Posted on 1/31/20 at 3:44 pm to
Posted by LEASTBAY
Member since Aug 2007
16344 posts
Posted on 2/3/20 at 8:46 am to
I'm back in. This is going to the moon.
Posted by S1C EM
Athens, GA
Member since Nov 2007
11594 posts
Posted on 2/3/20 at 9:02 am to
What is fueling this sudden, meteoric rise of Tesla?
Posted by LEASTBAY
Member since Aug 2007
16344 posts
Posted on 2/3/20 at 9:08 am to
I thought maybe someone raised their price estimate to 7k
Posted by stout
Porte du Lafitte
Member since Sep 2006
179677 posts
Posted on 2/3/20 at 9:10 am to
Fanboys and idiocracy. I am an Elon fan but TSLA is completely overvalued and has been for a long time. We have discussed it here before but it is mostly propped up by fanboys that jerk off over every move and is more or less a "meme" stock. It's crazy really.

A lot of people that dont even invest buy/bought TSLA stock because it's something to brag about to friends in some circles. It's just too weird for me to risk money in. I made some money shorting it last year but will never risk money on it again.
This post was edited on 2/3/20 at 9:49 am
Posted by castorinho
13623 posts
Member since Nov 2010
86584 posts
Posted on 2/3/20 at 9:17 am to
700? Holy frick
Posted by castorinho
13623 posts
Member since Nov 2010
86584 posts
Posted on 2/3/20 at 9:18 am to
quote:

Famboys and idiocracy. I am an Elon fan but TSLA is completely overvalued and has been for a long time. We have discussed it here before but it is mostly propped up by fanboys that jerk off over every move and is more or less a "meme" stock. It's crazy really.

A lot of people that dont even invest buy/bought TSLA stock because it's something to brag about to friends in some circles. It's just too weird for me to risk money in. I made some money shorting it last year but will never risk money on it again.
as someone posted here last week "do you want to be right, or do you want to make money?"
Posted by stout
Porte du Lafitte
Member since Sep 2006
179677 posts
Posted on 2/3/20 at 9:27 am to
quote:

as someone posted here last week "do you want to be right, or do you want to make money?"



I get it but I am not touching it because when it does sink back to reality eventually that will be a hard one to swallow for many. When that happens just depends on how long Musk can get people to keep propping it up.

Plenty of other opportunities with less risk on long and short positions in the market than TSLA.

Just my .02 cents and with that being said, I hope people make a lot of money off of it.
Posted by TigerDeBaiter
Member since Dec 2010
10670 posts
Posted on 2/3/20 at 9:30 am to
Part of me has to wonder if this is being manipulated somehow because of Musks interesting compensation package. Specifically the part about being over 100 billion market cap.

Probably not, but I agree the lemmings buying this are going to get burnt eventually.

I don’t have the balls to short it, and I’m sure I own a bit through various funds/etfs, so I’ll just keep being mesmerized on the sidelines.
Posted by bod312
Member since Jul 2015
846 posts
Posted on 2/3/20 at 9:42 am to
quote:

as someone posted here last week "do you want to be right, or do you want to make money?"


I am sure similar messages were conveyed out west regarding real estate in 2007 and other bubbles before they popped. I am sure more money will be made, but I can't help but think it will fall hard at some point. If you have the appropriate loss order open then you will be protected.
Posted by LEASTBAY
Member since Aug 2007
16344 posts
Posted on 2/3/20 at 9:46 am to
Pretty sure we are way past that bonus mark right? I think it's just.speculation for the future.
And can't say I'm not nervous. I got out last week and back in today.
This post was edited on 2/3/20 at 9:53 am
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