Discussion ***Official*** 2021 Stock Market Thread

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dullard

dullard

Elite Member
May 21, 2001
25,055
3,408
126
ponyo said:
everyone: I want to buy TSLA but it's so high. When should I buy it?
me: If there is correction, buy it and never sell. TSLA is going to change the world and worth lot more in the future.

today: TSLA dropped over 30% from the high. People who were so eager to buy TSLA are no where to be found. They're scared. They want to buy when it's high yet don't want to buy when it's low. Funny how that works.
Click to expand...
TSLA may very well be worth $700/share in 10 years. But to buy it now is just dead money that isn't doing you anything. It is better to invest the money elsewhere, make a profit, and buy TSLA in 10 years when the company might actually worth that $700/share.

Telsa's profits now come entirely from (a) other car companies paying Tesla for electric car credits and (b) rising bitcoin. Profit (a) is going the way of the dodo bird as other companies switch to electric and no longer have to pay Tesla to balance out their lineup. Profit (b) is highly speculative and could just as easily turn to a billion dollar loss.

I'm not catching this falling knife. I'd rather pick it up off the ground.
 
IEC

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,328
4,913
136
I bought the dip.

It actually worked for once. lol
 
herm0016

herm0016

Diamond Member
Feb 26, 2005
8,393
1,025
126
what do you think about workhorse? buy the dip? down 47% because of not getting the usps contract that ended up going to a legacy defense contractor.. big old surprise!!! not.

they already supply ups, dhl, fedex express and are partnerd with ryder for leasing trucks.
 
D

dasherHampton

Platinum Member
Jan 19, 2018
2,543
488
96
I didn't need to do the things I did today but I don't regret it one bit. This morning looked like it could be the start of another big one. If I'm going to make this mass options selling strategy work I gotta be ready to act in thirty seconds flat if I feel the heat around the corner.

10-11 months ago when the COVID collapse hit I froze. I could have saved myself a lot of money if I had acted decisively. Today I did, and there are positives to be sure. For instance - the FUBO 25 puts I sold are already up over 2 grand. That makes up for the $ I lost switching over to them.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
dullard said:
TSLA may very well be worth $700/share in 10 years. But to buy it now is just dead money that isn't doing you anything. It is better to invest the money elsewhere, make a profit, and buy TSLA in 10 years when the company might actually worth that $700/share.

Telsa's profits now come entirely from (a) other car companies paying Tesla for electric car credits and (b) rising bitcoin. Profit (a) is going the way of the dodo bird as other companies switch to electric and no longer have to pay Tesla to balance out their lineup. Profit (b) is highly speculative and could just as easily turn to a billion dollar loss.

I'm not catching this falling knife. I'd rather pick it up off the ground.
Click to expand...
Don't worry. I'll sell some my TSLA shares to you for $3,000/share in 10 years.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
29,162
2,034
126
herm0016 said:
what do you think about workhorse? buy the dip? down 47% because of not getting the usps contract that ended up going to a legacy defense contractor.. big old surprise!!! not.

they already supply ups, dhl, fedex express and are partnerd with ryder for leasing trucks.
Click to expand...

USPS hinted late last year they would not get it or it would be shared. The stock cratered but came back up on hopes...false hopes it turns out.

Maybe WORKHOUSE can re-imagine itself has HOUSEWORK and get into nationwide maid services for all those Reddit millionaires.
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
67,340
12,099
126
www.anyf.ca
ponyo said:
everyone: I want to buy TSLA but it's so high. When should I buy it?
me: If there is correction, buy it and never sell. TSLA is going to change the world and worth lot more in the future.

today: TSLA dropped over 30% from the high. People who were so eager to buy TSLA are no where to be found. They're scared. They want to buy when it's high yet don't want to buy when it's low. Funny how that works.
Click to expand...

Stonks! Buy high, sell low!

lrg-5082-stonks.png
 
IEC

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,328
4,913
136
ponyo

ponyo

Lifer
Feb 14, 2002
19,689
2,811
126
IEC said:
This is one of my all-time favorites.

I look forward to following Elon's tweets over my Starlink internet connection in the not-too-distant future. The future where I tell my cable monopoly: "YOU'RE FIRED"
Click to expand...
What most people don't realize about Elon is that he works like crazy and he really knows his stuff. Not only is he super smart, he will outwork you. That's what separates him from other CEOs. People think he's just PR guy and not the real deal. Elon is an engineer and great one at that. He knows the details of everything. He's the real deal. Here's Sandy Munro confirming how hard Elon works and his knowledge of the subject matter.

It's why I shake my head when people think others will catch Tesla. There's no chance with Elon as the CEO.

 
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Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
67,340
12,099
126
www.anyf.ca
He's one of few CEOs that is actually involved with the company and knows what's going on, and not just some figure head in an ivory office calling shots. He actually gets involved with everything and actually knows his stuff.
 
R

Roger Wilco

Diamond Member
Mar 20, 2017
3,870
5,711
136
So are EV stocks done puking?

I was able to pick up some NIO yesterday around $45. I even picked up some FSR after it surged 25% today and it's still running lol.
 
BudAshes

BudAshes

Lifer
Jul 20, 2003
13,913
3,195
146
ponyo said:
What most people don't realize about Elon is that he works like crazy and he really knows his stuff. Not only is he super smart, he will outwork you. That's what separates him from other CEOs. People think he's just PR guy and not the real deal. Elon is an engineer and great one at that. He knows the details of everything. He's the real deal. Here's Sandy Munro confirming how hard Elon works and his knowledge of the subject matter.

It's why I shake my head when people think others will catch Tesla. There's no chance with Elon as the CEO.

Click to expand...

What would happen though if he got sick, or died or something? I wonder if the company would survive?
 
Artorias

Artorias

Platinum Member
Feb 8, 2014
2,110
1,381
136
That's a big question mark. Are they a one man show, or is the sum of their parts enough to keep them on this path.
 
Torn Mind

Torn Mind

Lifer
Nov 25, 2012
11,636
2,650
136
Red Squirrel said:
He's one of few CEOs that is actually involved with the company and knows what's going on, and not just some figure head in an ivory office calling shots. He actually gets involved with everything and actually knows his stuff.
Click to expand...
It's fair to say Elon definitely knows how to lead and has a vision.

It's also fair to say he's good at cooking up a gimmick or two that would never work but his fans fawn over him anyway because he knows his fans are not quite rational.

Like that thinner gauge "liquid cooled" wiring for the superchargers or that ridiculous contraption he suggested to save the trapped Thai boys.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
29,162
2,034
126
Torn Mind said:
Don't we all know that feeling.
I did not buy AMC at around four because I wanted it to drop to two just maybe two days before wallstreetbets went viral....
Click to expand...

If you go back in this thread, I jumped in with 400 GME @ 49. Assuming I had the cajones to ride it to at least $499, I would have made $200,000.

The stock is now $122 AH, meaning a $25k intraday gain. Not bad for one day.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
29,162
2,034
126
Everyone is buying now hoping for a return to $500. I will buy one share now @ $119 for shits and giggles.
 
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