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Posted by
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Looking at Tesla again after the split.
Posted by tigersint on 8/31/20 at 11:29 am04
Currently have a good bit of shares that I bought at $1600. I have seen nearly 50% increase since then. How high do you think this can get before it comes back to reality? I am considering pulling out soon but I want the boards opinion.
So is this a legit tech company that is currently undervalued or a glorified car company that is highly overvalued?
So is this a legit tech company that is currently undervalued or a glorified car company that is highly overvalued?
re: Looking at Tesla again after the split.Posted by wutangfinancial on 8/31/20 at 12:10 pm to tigersint
quote:
So is this a legit tech company that is currently undervalued or a glorified car company that is highly overvalued?
Depends. Do you believe in sun monsters or not?
Collect profits. Take a more conservative approach with what you feel comfortable with.
It's a unicorn. The bottom may fall out or it may continue its insane rise.
I doubt anyone here can truly predict it.
It's a unicorn. The bottom may fall out or it may continue its insane rise.
I doubt anyone here can truly predict it.
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So i have one more question. If i hold this stock for a year or more then i will pay less in capital gains is that correct?
Is capital gains for less than 1 year of holding based on income that year? Or is it a set %
Is capital gains for less than 1 year of holding based on income that year? Or is it a set %
quote:
Collect profits. Take a more conservative approach with what you feel comfortable with.
It's a unicorn. The bottom may fall out or it may continue its insane rise.
I doubt anyone here can truly predict it.
Easier said than done. I told myself I would sell when it hit 1k a share but didn't thankfully. Ive told myself when I hit 100k profit I would sell. I hit that today but am still holding.
re: Looking at Tesla again after the split.Posted by Auburn1968 on 8/31/20 at 8:25 pm to tigersint
I think I would put a stop-loss order in just below its daily swing range and ride it while adjusting the stop depending on what it was doing.
re: Looking at Tesla again after the split.Posted by TchoupitoulasTiger on 9/1/20 at 1:19 am to tigersint
quote:
I bought the shares already and have rode the “split news” to a 50% gain. I am thinking what to do next as rite now I am concerned that this is a “split bubble” that will come back down to reality.
This is easy. Since you’re not exactly sure if you want to hold or sell, keep your shares and sell covered calls. If you own 100 shares you can rent out your position and get paid on the spot. Example using current market and pricing data: Sell one covered call (assuming you have 100 shares) Sept 11 $600 call and take in $1100. That’s a nice payoff. Just do this until your shares get called away.
re: Looking at Tesla again after the split.Posted by Upperdecker on 9/1/20 at 11:00 am to tigersint
It’s overvalued, but that doesn’t mean the stock price will go down to reflect it
re: Looking at Tesla again after the split.Posted by RussianFromLSU on 9/1/20 at 11:43 am to tigersint
Go all in and then once you have at least 100 shares. Sell covered calls and make BANK.
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