School me on investing...

Discussion in 'General' started by noles19, Nov 8, 2017.

  1. Rebel635

    Rebel635 Well-Known Member

    I think I’m gonna sell some of my positions that are just slightly down, and leave the rest. No more sinking money into it.

    buying the dip only works of its an actual dip and not a ledge on a cliff. And something tells me we’re at that cliff.
     
    BigBird likes this.
  2. thrak410

    thrak410 My member is well known

    Tesla seems to have already taken the first stop off that cliff... ugh.
     
  3. r6fast

    r6fast Well-Known Member

    Workhorse is taking a beating the last few weeks. They did show profits finally but missed the call. Anyone in on them currently?
     
  4. motion

    motion RockyMountainMotos.com

    How can anyone lose on TSLA? Asking for a friend!
     
  5. Tristan

    Tristan Well-Known Member

    Not naming names, but one person that posts in this thread immediately comes to mind...probably went all in at the $850 "dip"
     
  6. thrak410

    thrak410 My member is well known

    I've got 3 shares @ $795 average... its at like $711 right now ... so not too huge, but the drop over the last week+ hasn't been fun to watch, especially when it dropped down to the mid-600s.
     
    craig641 and BigBird like this.
  7. notbostrom

    notbostrom DaveK broke the interwebs

    let's revisit this in 30 days... besides like everyone here says if you didn't sell you didn't actually lose anything LOL

    PS I don't own any tesla, missed it with a limit order at 200 a long time ago and didn't want to chase it.. guess in hindsight 201 would have been OK too
     
    BigBird likes this.
  8. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    yea umm... cause its stock price is based on make-believe that's how. Its market cap is like double Honda and Toyota combined and it sold 1/1oth of the cars those two companies did last year. Without gov't subsidies they wouldn't even be profitable. The entire value right now is based off fan boys loving Elon and the belief that he'll continue to change the world.

    Your statement would be correct if you bought in 3 years ago. Then yes, you'll probably never go back down to those prices. Eventually here, the market is going to demand that his output and revenue match the stock valuation. If that's not possible, well then... bye bye stock price.
     
    D-Zum, motion and BigBird like this.
  9. BigBird

    BigBird blah

    uhhh...investing is a make believe game. These days all you need is to be popular on twitter really
     
    SuddenBraking likes this.
  10. thrak410

    thrak410 My member is well known

    This is only true if you look at Tesla as a car company. They're not. They're a tech company. They license innovations to other companies too.

    Yes, a lot is still the cult of Elon, but the company itself is a lot more than just an electric car company.

    A lot of emerging tech companies are not profitable, yet still have crazy valuations. Look at Uber, DoorDash, etc ...
     
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  11. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    lol you just cited 2 companies that are being propped up by venture cap to operate at a loss until until they can push out their competitors thru prices that would otherwise not be feasible for operations and/or exploitation of a desperate workforce pool. that's been all the rage these past 5-10 years. let's get serious here. their tech licensing have earned them jack dick. that's all a farce. next up on the recommendations list: WeWork. christ... :rolleyes:
     
    23103a and BigBird like this.
  12. BigBird

    BigBird blah

    So who's buying Robinhood Shares? Confidential IPO docs being submitted
     
  13. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    it helps, but that's fundamentally still not true for a large portion of the market. its just not being talked about here in the buy high, sell low broken dream factory.
     
    BigBird likes this.
  14. BigBird

    BigBird blah

    damn boomers
     
    Sweatypants likes this.
  15. Chino52405

    Chino52405 Well-Known Member

    I "stocked up" on TSLA right when the split was announced last year at around $500 (I think...?) so I'd come out of that with 30 shares. I panicked as it rose predicting a collapse (TSLA is bad for my blood pressure historically) and sold 20 of my 30 for a great profit - around $475/ea I believe. Obviously it continued to go to almost $900 and is bounced today to over $700 again.

    You definitely didn't have to get in years ago to make money, but last year would have been a good one to get in on it. Tried the same with AAPL and none of that went anywhere so I sold most of it for better movers.
     
    Sweatypants likes this.
  16. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    its the circle of life man. i'd say younger people are more desperate for get rich quick schemes these days because the future outlook ain't so hot and things are kinda bleek, but then they eventually get boomers wrapped up in it and then start trying to react to news as if the event didn't already happen before it got into the news and now everyone's losing their money haha. well that, and the fact that i think more and more, its become evident to average young folk that its a "club and you ain't in it" kinda thing, so any little slice they can chip off is something. there's still plenty of stocks that just offer steady growth year over year backed on steady revenue and market share, and/or ones that pay annual or quarterly dividends. if you were rich-rich, i dunno why you wouldn't just have most of your portfolio in old stocks that pay dividends or municipal bonds that pay a guaranteed 6% or some shit. but to each their own. if your life feels generally like you got nothing to lose, and you're floating along day to day not making any headway, i imagine that leads to more risk taking hoping to hit the lottery.
     
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  17. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    they deserve to crash and burn. i wonder if big institutions or venture cap funds are gonna save their ass in hopes it'll all blow over?
     
    BigBird likes this.
  18. notbostrom

    notbostrom DaveK broke the interwebs


    and amazon only sells stuff on their website, nevermind that cloud stuff and the pharmacy business etc etc etc, lot more to Tesla than cars, they make flamethrowers too
     
    thrak410 likes this.
  19. Chino52405

    Chino52405 Well-Known Member

    I think the worst thing that could ever happen to tesla stock is for spacex to go public. I believe there is significant speculation in Musk going on that would happily shift to his other companies if they were able.
     
    Sweatypants likes this.
  20. Sweatypants

    Sweatypants I am so smart! S-M-R-T... I mean S-M-A-R-T!

    I would immediately buy that one. Probably why he wants to keep it haha. Unload the ridky non-money making one on the public. Keep the golden goose to yourself.
     
    BigBird likes this.

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