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re: Shorted the Pop in TSLA at the open.

Posted on 11/11/24 at 6:54 am to
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
9754 posts
Posted on 11/11/24 at 6:54 am to
quote:

If Trump is going to Drill Baby Drill then Oil Prices are going down, which is bad for EV's.


I am not too sure about that. With the Biden administration tightening up exploration leases, a lot of the exploration costs were nonexistent at some companies. They were drilling on wells with known oil reserves and not looking for new areas to drill.


Now with the potential for more leases going out, that could increase expenses on finding new sources of oil by drilling new exploration wells. If you think about most OCS wells drilled in the 2000’s were exploration wells looking for oil to drill. If memory serves me well during the BP oil spill, BP was going drill the well, test the oil coming out to see how much oil was there and seal it up until another rig or ship would come to get the oil out.

Hopefully, with a new administration prospecting returns on the OCS, and a new boom occurs. That might be the only thing that saves SELA. But the other issue with population is that most oil and gas workers are transients, they can live anywhere come to work for a run and enjoy a few days off and come back to the grind. Now where you need locals is in all the support roles that may not pay as much unless we start having a huge boom and a labor shortage.
This post was edited on 11/11/24 at 6:56 am
Posted by blueboy
Member since Apr 2006
60257 posts
Posted on 11/11/24 at 8:52 am to
quote:

EV's.
Tesla is a battery company. This stock was at 1000 before investors bailed to punish him for buying Twitter.

Good luck.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23125 posts
Posted on 11/11/24 at 9:06 am to
Tesla is a Moon and Mars rover company. 100% chance you are going to see a version of the Cybertruck driving on Mars in your lifetime.

Tesla, SpaceX and Starlink are really pulling towards a singular goal of humans on other planets and moons .
Posted by SoonerK
Member since Nov 2021
1004 posts
Posted on 11/11/24 at 9:23 am to
quote:

Tesla is a battery company. This stock was at 1000 before investors bailed to punish him for buying Twitter.

Good luck.

It's also a slow growth stock that has increased revenue by less than $1B in 2 years.
Posted by blueboy
Member since Apr 2006
60257 posts
Posted on 11/11/24 at 9:27 am to
And immortality for Lord Elon.

But none of that happens without batteries. That was always the thing holding back a lot of tech advancement, from cell phones to moon rovers to cordless weed wackers. Musk has been killing it with battery development.

I bought last week, even after the huge election bump. I know where this stock was before, and it's very similar to what we're seeing with Netflix, which crashed from 700 to 200 during the Cuties scandal and is currently topping 800.
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23125 posts
Posted on 11/11/24 at 10:04 am to
quote:

But none of that happens without batteries.


I was being cheeky, Tesla is a battery company, that was/is they key cog to make everything else possible. Those batteries will be our only propulsion/life support system on non-earth objects in the beginning.

Posted by dgnx6
Member since Feb 2006
78780 posts
Posted on 11/11/24 at 10:41 am to
quote:

TSLA








This post was edited on 11/11/24 at 10:43 am
Posted by sonoma8
Member since Oct 2006
7840 posts
Posted on 11/11/24 at 3:02 pm to
Closed at tree-fiddy. Its a sign baws!!!!
Posted by HagaDaga
Member since Oct 2020
3112 posts
Posted on 11/11/24 at 5:22 pm to
A sign that it still has room to grow??

I put a little in today, so just wondering what to look out for before it/if/when drops or still shooting up cause of all the shorts betting on Trump losing.
Posted by bigjoe1
Member since Jan 2024
787 posts
Posted on 11/11/24 at 7:13 pm to
Just damn near impossible to tell when a stock makes new highs or lows in very volatile trading when a top may be in.
One thing to look for is, if Tesla makes a new high and then closes down on the day a temporary top may be in. Back in the last century we called that a key reversal. Good luck!
Posted by castorinho
13623 posts
Member since Nov 2010
84381 posts
Posted on 11/11/24 at 7:42 pm to
quote:

Don't worry dude he definitely sold his position in the exact 15 second window it was profitable.
quote:

I bought TSDD at 4.00 and sold it a half hour later for 4.40,
nailed it

This post was edited on 11/11/24 at 7:42 pm
Posted by slackster
Houston
Member since Mar 2009
89380 posts
Posted on 11/11/24 at 8:11 pm to
OP is another in a long line of MT trolls - I just don’t get why they flock here and the MSB so much
Posted by KamaCausey_LSU
Member since Apr 2013
15986 posts
Posted on 11/12/24 at 8:14 am to
quote:

If Trump is going to Drill Baby Drill then Oil Prices are going down, which is bad for EV's.

Are you under the impression that people buy Teslas to save money on gas? Also, cheaper O&G means cheaper electricity. Everyone benefits.
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/12/24 at 12:08 pm to
Made another 10 percent today shorting TSLA.
A lot of window dressing, short covering, and dumb money chasing these stocks.
Probably should have held the short position, but 10 percent a day isn't all bad, especially when the market is dropping.

Also shorted NVDA today when it hit all time high for a quick 4 percent gain.
You can make money in both directions, I don't know why people freak out about shorting.

Any other stocks worth shorting ?
Any recommendations would be appreciated as there have to be a lot over overpriced stocks out there that I am missing.
Thanks in advance.

Good Luck out there fellas, Happy Trading


This post was edited on 11/12/24 at 12:16 pm
Posted by LSUcam7
FL
Member since Sep 2016
8451 posts
Posted on 11/12/24 at 12:15 pm to
Nice trades. You should show receipts here.

Definitely some opportunities for quick profits but it’s not as easy as you make it sound, on a consistent basis.
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/12/24 at 12:22 pm to
quote:

Definitely some opportunities for quick profits but it’s not as easy as you make it sound, on a consistent basis.


I'm not going to post personal information on here.
Even if I did, the haters would just say that it is photo shopped or some other nonsense.
Yeah, shorting isn't easy, you have to stay disciplined.
I usually average into a short position on high flyers when they hit all time high where the risk/reward is advantage short.
I don't know why people get so angry when you discuss shorting.
Every investment decision is made based on if you think a stock is going up vs going down.

Not for the faint of heart, but neither is going long.
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/12/24 at 12:36 pm to
Just loaded up on TSLL 2x TSLA long at 19.10....Let's roll.
Am I back in the good graces of the board now ?
This post was edited on 11/12/24 at 12:38 pm
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
23125 posts
Posted on 11/12/24 at 1:02 pm to
quote:

I'm not going to post personal information on here.
Even if I did, the haters would just say that it is photo shopped or some other nonsense.


Because it did not happen

Pretty sure you can post receipts with no personal info showing
Posted by sonoma8
Member since Oct 2006
7840 posts
Posted on 11/12/24 at 1:41 pm to
AT, is that you? You dirty rascal you!
Posted by Norway
Member since Aug 2024
995 posts
Posted on 11/12/24 at 1:44 pm to
quote:

Because it did not happen



This is really going to piss you off.

Today I made 10% shorting TSLA & 5% going long TSLA.
And 4% shorting NVDA.
I don't get emotional about a stock.
I don't care if I make money going long or going short, as long as I make money.

I've never understood people who get jealous when others are doing well.
If someone I know is making a killing I am happy for them & want to learn from them, I'm all ears.
I don't get all butt hurt that they are doing well and accuse them of lying.

Calling it a day, Good Luck out there fellas.
This post was edited on 11/12/24 at 2:14 pm
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