redLEAF
Well-known member
TSLA on the move again ... $104.63 high for today and less than 45 minutes after exchange opened ... any more cashing out or let it ride
Depends on for whom ... personally I would not buy at this price - but nor am I selling.LTLFTcomposite said:I wish for nothing but unending success for this company, but it's hard to see how the situation with the stock doesn't end in tears.
There will be winners and losers, on both the long and short end of the stick. Stock market adage: things are usually not as good or as bad as they appear... Tesla will roll how it rolls. Their next trick is something affordable... We'll see... My friend begged me to buy when it was 35. Shoulda, woulda, gonna; the talke of gamblers...LTLFTcomposite said:I wish for nothing but unending success for this company, but it's hard to see how the situation with the stock doesn't end in tears.
JimSouCal said:There will be winners and losers, on both the long and short end of the stick. Stock market adage: things are usually not as good or as bad as they appear... Tesla will roll how it rolls. Their next trick is something affordable... We'll see... My friend begged me to buy when it was 35. Shoulda, woulda, gonna; the talke of gamblers...LTLFTcomposite said:I wish for nothing but unending success for this company, but it's hard to see how the situation with the stock doesn't end in tears.
I wouldn't be so certain that the waiting list is what drives the price of TSLA stock. YMMVJimSouCal said:So my friend who was urging me to buy this stock in the 30's is now trying to time an entry as a short player. He feels if there is no meaningful backlog of Model S buyers, it will drop back to 50... He made money on the way up, and feels there is money to be made on the way down (at someone's expense always).
I am sitting this one out as I am a buy and hold guy. For that matter, I wish Tesla wild success, but the long tern health of the company and the stock price will diverge from time to time...
Any one have insight to the waiting list?
JimSouCal said:So my friend who was urging me to buy this stock in the 30's is now trying to time an entry as a short player. ...
If I was a player on this, which I am not, I'd have a stop order in place and would ratchet it up as the stock went up. That said, if it went into free fall, say because the next earnings report can't point to profitability in the near term, then the stock will drop, and if there are enough stop orders in place, drop perhaps even faster than it went up.Zythryn said:I do get his reasoning and he could be right. But long term I see a lot more possible upside so I will continue to hold.
JimSouCal said:....
That said, my friend is an EV fan and has high hopes for Tesla as an innovating company. He plays with market timing. My original question is really, what is the status of the waiting list?
My personal bet is that at some point, Tesla will merge with a larger entity, and it will be a matter of how many shares you will hold in the new entity. With success, it may be aplenty.
you should research stop loss orders and place them in appropriate places to mitigate the losses of a flash crash.redLEAF said:Trading in the $114/share range but went as high at $116.20 today .. let it ride ... one pundit on stock appreciation says to sell half your shares when a company doubles in price; what happens when you're 3X or 4X ? (not me, but it has now more than doubled -- too soon to cash out as it will taxed as 'ordinary' income as held less than a year), of course market is up with the start of a new month but still.
the moment you believe you understand the markets is the moment of your biggest riskevnow said:New high today : 117.18. Up 9% for the day.
I've never pretended I understood the markets.
Ostensibly, the 9% increase was because of an analyst who upgraded the target price from $70 to $130. Obviously this analyst is behind the market, not in front. So, why pay her any attention ?apvbguy said:the moment you believe you understand the markets is the moment of your biggest risk
You can only understand markets historically... ;-)evnow said:Ostensibly, the 9% increase was because of an analyst who upgraded the target price from $70 to $130. Obviously this analyst is behind the market, not in front. So, why pay her any attention ?apvbguy said:the moment you believe you understand the markets is the moment of your biggest risk
Anyway, looks like the market is setting itself for a disappointment by expecting better than guidance results.
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