The entire EV space is morphing. Its starting to become a serious investment sector. The challenge is sorting out all the worthless shit companies that are in it to find the gems.
This is why the ideal trader is a sociopath. No emotions. At the time you made the trade based on the "available" data, it was a good play. If the day after you sell a stock the company declares bankruptcy you made the right call but it had nothing to do with the bankruptcy because it was a future event. I do my absolute best to avoid "I shoulda" second guessing. I look at the factors that led to my decision and see if i can find a mistake with my methodology. If there is no mistake then its the right call "at that point in time".
Post split I sold 14 shares @410 with an adjusted cost of 320 iirc. It was the right move at the time as it was a huge chunk of my tiny portfolio. Still suuucks to see
This is why Elon rocks it. The fucker takes advantage of every move financially. Stock at an all-time high? issue another bazzilion shares to create liquidity. That 40$ drop in stock price is nothing compared to 5 billion in liquidity.Tesla offering. Stock tanked $40 a share on the news. I have a feeling the fanboys will be buying the dip.
Tesla to raise up to $5 billion in share offering, its second in three months
Tesla has entered an equity distribution agreement with some banks to sell shares worth up to $5 billion, the electric car maker said in a filing.www.cnbc.com
Things to consider in the space are companies in the supply chain and other EV manufactures that might get bought up. Don't discount NIO. Its hard to trust its numbers since its a Chinese company, but it has marketshare and possibilities. They are just risk filled possibilities.
We are going to have to consider an intervention for you. When a stock does this in 4 trading days its probably a bad idea to be selling puts. I like this company a lot, but this stock price is not being driven by anything rational. It is going to come down. Sometimes the best trade is the one you don't make. I would love to add to my position in LAZR but now isn't the time. Let this wave of euphoria pass. I think this stock is a $20 - $25 stock right now. At most. Unless you sold puts down in that range for pennies I would honestly advise you rethink this move. Parabolic moves up are almost always followed by sharp moves back to the mean. Just look at PLTR for a recent example. God love ya, but you are a crazy biatch.
Yeah the trick would be to wait for a real pullback before pulling that trade to get better premium.
Well, I think we know what Locnar does for a living now, clearly a citron "reporter" lol.
Because quality SPACs are a good investment in my mind. I am willing to put my money behind Peter Thiel..
Billionaire Richard Li Teams Up With Peter Thiel on SPAC Bet
(Bloomberg) -- Billionaire Richard Li, who broke away from his famous father Li Ka-shing decades ago to build his own business empire, is taking a page out of his dad’s playbook by further expanding outside Hong Kong.Since last year, the younger Li has stepped up investment in Southeast Asia...finance.yahoo.com
The units just split into shares and warrants so this is a long timeframe until they find a merger partner. I am going to wait a bit and hope it drops under $11. Failing that I will wait for options to open up and write puts on it to pick up shares. Thiel makes pretty good investments.