SHORT squeeze $380/share

Discussion in 'Tesla' started by bwilson4web, Dec 17, 2019.

  1. Well, actually didn't pay much attention to the stock until mid 2019, when I saw some of the posts between you and David. Took me a while to research it, and didn't like what I saw. It was too speculative for me, and still is. I think I said as much many times. So best I could do then, and now, is give my opinions based on my past long history of successful investing/trading. I have made a lot of money in the markets, but at this point am more into enjoying it, rather than risk losing it.

    I also don't give buy/sell recommendations on the internet,... or to my family and friends. But believe me, they ask a lot. I will offer my take on where a stock is, but the best I can do is try and educate, so the individuals can make their own decisions.

    Problem is there are so many trading styles, and you have to match your own personality, experience, and how much time you have (it can be like a job). People are very different and what works for one person may not work for another. Some lean more to fundamentals, others to technicals, I am a bit of both. Some like short term (me), some longer term. Some want growth, some want dividend, some are just gamblers (gut). And that will change over time. I used to be a lot more aggressive in the past (made and lost big sums at times). But now am very conservative, and just opportunistic (works well for me at this time).

    There is a really good book I read a long time ago, Your Money or your Life, and I think there might be new editions of it. Anyway, it inspired me and helped to understand myself better. You might want to check it out. It is not just about trading, but how to manage your money (spending as well), and when enough is enough (fulfillment). It is really very good, written by a trader, that eventually realized there is more to life.

    There is one thing you and others should know. As a retailer investor, you actually have a big advantage over institutions with trading. That's because you can buy/sell quantities that don't move the market. They can't, as their bids/asks are too well telegraphed, and have to resort to other measures (some of which are very unsavory to people like us) with their trading strategies. But it does take some investment of your time to learn how to do it well.
     
  2. bwilson4web

    bwilson4web Well-Known Member Subscriber

    No problem as I've already made a nice TSLA profit while preserving capital for future growth. 'David' claimed TSLA was worthless. As explained, I have a different understanding and so far, it has worked.

    Bob Wilson
     
  3. bwilson4web

    bwilson4web Well-Known Member Subscriber

    I found an interesting YouTube that explains how Ark Investment handles TSLA:
    ARC_010.jpg
    • Ark Invest has a limit on the percent of TSLA
    • As the price increases, they sell small amounts (keeping profits somewhere)
    • When TSLA takes a dip, they have the capital to add a bunch
    This means they don't make massive profits but rather 'milk' profits on a rise from the volatility. When the price falls, sometimes dramatically, Ark can take previous profits to add TSLA: rinse; lather; wash; repeat.

    Bob Wilson
     
  4. bwilson4web

    bwilson4web Well-Known Member Subscriber

  5. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Well I managed to get $830/share on a small lot TSLA sale. I'll be using it to liquidate a credit card balance and another expense gone.

    Bob Wilson
     
    Domenick likes this.
  6. Domenick

    Domenick Administrator Staff Member

    Good for you. It's hard to time the top of the market, but I think you should be pretty pleased with yourself with this trade.

    Looking back at the beginning of this thread, you only started it in December and it appears it was at $380. I wouldn't have imagined a 100% increase from there.
     
  7. bwilson4web

    bwilson4web Well-Known Member Subscriber

    The most I've paid was ~$320/share and a fair chunk was bought as low as $240-280. Regardless, the old saying:
    • You can make money when the stock goes up.
    • You can make money when the stock goes down.
    • Hogs get killed.
    For retail investors, it is so tempting to make a guess and not change in the face of reality. Don't call it skill as much as I've been lucky.

    Bob Wilson
     
    Domenick likes this.
  8. Domenick

    Domenick Administrator Staff Member

    I need to find myself some non-electric-vehicle-related stock to invest in one day. It'd be nice to see a modest investment actually grow.
     
  9. bwilson4web

    bwilson4web Well-Known Member Subscriber

    I've never lost money from:
    • Superior product or service - if you find one, invest
    • My employer stock plan - you get a discount and make payment from your check
    The only time I lost money was trying to buy an aspirational stock, Cessna, because I wanted an airplane.

    Bob Wilson
     
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