Sanrith Descartes
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Investing General Discussion
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Sanrith Descartes
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When I bought back in a few weeks ago I used the profits from my previous NVDA sale. I have an effective cost basis of $0.
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Shonuff
Mr. Poopybutthole
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So, a 20% gain in two weeks. Wish I bought more, but that's the story of my life.
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Blazin
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Pogi.G
Silver Baronet of the Realm
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I am still a firm believer that Tesla is retardedly over valued, and yet, a true short position is to risky of a play right now; however, puts out to end of 1st quarter to beginning of second quarter are viable. I fully expect the Hertz hype to die off by then, and should return to sub $800 and may even go lower. Hell, Tesla won't even be able to fill the order with the chip shortage.
Just my 2c...
Break
Golden Baronet of the Realm
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Down bigly today, is this just a meme stock that's being dumped or is there more life in this you think?
Sanrith Descartes
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Shonuff
Mr. Poopybutthole
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Mike Santoli on CNBC said its being pushed up by tons of bullish call options, but they expire on Friday. Might be an opportunity to short.
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Tmac
Adventurer
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FWIW, you've lamented several times in the past week that shorting TSLA is a bad idea.
Shonuff
Mr. Poopybutthole
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Go back, re-read my posts, I said it was bad for shorting for now. Hell, I stopped trading today, but its fallen 50 a share in the last 30 minutes. Whenever these companies go parabolic, its more like are fattening them up for the kill.
Seen TSLA drop 300 a share very quickly multiple times. There will be a time when you will make a shitload on the way down. There are 53 new EV models on the way by various manufacturers. The stock is worth 300. The company's quality scores are dead last. The government just put self driving on hold (Queen Cathie says a good portion of TSLA's valuation comes from it). The company makes more money on carbon credits and bitcoin trades than it does from its actual cars (not good earnings quality). The company is trading at an insane 295 times earnings!
In the end, fundamentals win. Look at GME and AMC. Shorts got killed on the way up, but some shorts made 50% returns on the way down.
tldr version: I think there are too many paperhands owning TSLA
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Shonuff
Mr. Poopybutthole
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Shonuff
Mr. Poopybutthole
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TMAC, there are still opportunities to short TSLA, but I made my money in 31 minutes. 1.5% in a day, I usually call it quits before I start making mental mistakes.
Its just pure MOMO right now, but I bet that fades towards the end of the week. Hell, its come down 60 a share in the last 40 minutes.
Its just pure MOMO right now, but I bet that fades towards the end of the week. Hell, its come down 60 a share in the last 40 minutes.
LachiusTZ
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Big Phoenix
Pronouns: zie/zhem/zer
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See what happens when you give up, every god damn time. Also gotta love that stability for a trillion dollar company. One second it jumps up 5%, next its down 1%.
Guess they didnt want Intel to feel all alone;
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Jysin
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Shonuff
Glad youre making your TSLA trades work, but for your long term sanity, trade something rational. Daytrading successfully is about buying and selling at technical levels, but when you're playing with these meme stocks and stuff like TSLA, its far more difficult to get any kind of read.The very simple play today was the FB short.
It's now given up it's 200D and looking pretty rough. Far easier to trade something like this than Tesla.
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