Buying in over a year or more ago - the stock could dump another 250% & shareholdets would still be doubling their money. That would still be a great return, even if you bought 4 or 5 years ago
While that's true... But you would not have sold at 800+ unless people were buying at that price. Today it hit $600 a share. The people who bought the last $150 billion in stock (starting last December) have already lost a lot of their investment.
Coincidentally, after mulling over another "buy" . . . . there's this Time to add to Tesla shares in latest Nasdaq sell-off, trader says
Remains all about the long game and still sleeping well. This happened in Spring '19 (300s to ~180 pre-split) and Spring '20 (~960 to ~350 pre-split). The fundamentals of the company have not changed and huge future earnings remain just as probable as before the correction. Have to buy a large number of my company's shares within the next ~30 days having just made shareholder and therefore currently out of dry powder. May have some cash on hand in 2-3 months and if price then at or below current would be inclined to make TSLA Roth IRA contributions for self and spouse.
Well I was off a few months - but oh well! Tesla shares are now down more than 27% from the day the Nasdaq peaked. Additionally, the stock is down 16% just this year. It also lost roughly a third of its value from its own 52-week high hit on Jan. 25.
And the temperature today is also 3 degrees colder than yesterday. Does that mean summer is cancelled?
bitcoin is too , even after the split got bank? dogge coin and the big question is who is satoshi ack amoto
You TSLA fans sound like my Financial Advisor. He managed to take my retirement fund down to 1/2 it's original value by buying stocks on the down slide. He matched that with holding on to stocks while they crashed and then "re-balancing" the portfolio. It's quite easy to blow $400K in the market with that kind of financial acumen. I fired the bastard and had to work another 10 years to rebuild my retirement fund. So much for his promises that I could retire at 45. I had to wait till I was 57.
Just look at the last 20 or so posts. It's pretty obvious when people downplay the loss of value this month. Dan
No, said in "2-3 months and if price then at or below current would be inclined to make TSLA Roth IRA contributions" Orenji, you were way off last prediction and stock went in exact opposite direction as you called. Care to make another specific one?
From what was said before, those people bought before the climb and split. They're still ahead Then stating their intentions isn't endorsing what someone else should do.
Sure. Why not. I was taught (in high school, no less) that when the assets (50B) are a small fraction of the capitalization (up to 864B) and the P/E ratio (175.44) is over 18... then the stock is overpriced and due to fall. Tesla is a poster child for a stock that has been pumped up to astronomical levels. But that's just what I was taught. Of course the Priuschat posters are not suggesting what others should do with regard to one stock. That would be 'pumping and dumping' and last I saw that was illegal. The reality of our modern stock market is that it's built on manipulation and speculation. Just my opinion based on the rules that have been put into place and observation of all the ways that a stock trader can ensure that they get a profit even while the market is crashing. Dan
I've always been nervous picking individual stocks and just won't do it. For me it is far to risky. There are professionals who try to do this and in most cases they are not successful either. I always think of ENRON and the many other cautionary tales. For myself I like the advice of Burton Malkiel - here is a quote from this wonderful author of the book A Random walk down Wall Street “Finding the next Warren Buffett is like looking for a needle in a haystack. We recommend that you buy the haystack instead, in the form of a low-cost index fund.” ― Burton G. Malkiel, The Elements of Investing: Easy Lessons for Every Investor For a Manager of many College and Fortune 500 companies pensions he is an interesting guy with a good sense of humor “A firm's income statement may be, likened to a bikini-what it reveals is interesting but what it conceals is vital.” ― Burton G. Malkiel “It is not hard to make money in the market. What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges. It is an obvious lesson, but one frequently ignored.” ― Burton G. Malkiel, A Random Walk Down Wall Street
