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Tesla stock

Discussion in 'Tesla' started by bwilson4web, Aug 6, 2018.

  1. bisco

    bisco cookie crumbler

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    good article by motley fool on tesla decline today. overall market is, 'interesting'
     
    #281 bisco, Dec 17, 2018
    Last edited: Dec 17, 2018
  2. bwilson4web

    bwilson4web BMW i3 and Model 3

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  3. bisco

    bisco cookie crumbler

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    thanks, yes. i thought it made sense.
     
  4. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

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    Some of my background. IT career to include product management with financial responsibility for significant sums. Now very retired. With reference to cars, probably bought 25 or 30. Every thing from a minivan to a Porsche. Several brand no longer with us, many more no longer with us models. Lots of experience owning first year of production models. Early adopter of may things from voicemail to email to PC to BBS to forums. Online since before the internet. Currently 5 Toyotas in the family. 3 Prius. Love my v, doesn't mean I am blind to its perceived shortcomings a list of which I've posted here. I have significant investments. Am somewhat green.

    Fascinated by the EV phenomena. Tesla in particular. Investigated buying one. But read the forums and put off by the stories I've read based on my experience with other first year models (Horizon, Stanza, 914, etc). So I follow the stories about the Model 3 and the forums to see what others experiences are like to inform myself as to when I should get in or should I stay out. Just like I did for the CRV and didn't buy till its significant problems are solved. I want a car I can drive without significant service needs and with the availability of convenient and competent service should I need it. I'm willing to wait till things stabilize even if it means forgoing some or all of the tax rebate.

    I post references to things that interest me. No particular expertise. (well, I do maintain a site of what is probably 100 pages on owning/maintaining/buying Porsche Boxster.) Not just about Tesla, if you look in the last 24 hours or so I also posted a link to an article on the future of the Prius and it wasn't favorable.

    I post using my own name. I try not to get personal.
     
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  5. markabele

    markabele owner of PiP, then Leaf, then Model 3

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    Fair enough. Thank you for the well thought out response. I'm cool with honest questions about the company. I've just seen too many people post negative stuff because they are shorting the stock. That always rubbed me the wrong way. I'm gathering that is not your case.
     
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  6. bwilson4web

    bwilson4web BMW i3 and Model 3

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    I use my gold stock as a reference, an anchor, to compare how things are going. It tends to deal with inflation very nicely. So this is what I saw from Monday's trading:
    date TSLA KL TSLA % KL %
    1 12/17 09:30 $362.00 $23.80 127% 125%
    2 12/17 16:00 $348.42 $24.26 122% 127%

    So this classic, counter-cyclical although not symmetrical. But when I look at the volume, note the "sales" and "price" changes:
    Yahoo on TSLA.

    I see some profit taking, not a massive sell off. After all it is Christmas and bills must be paid. <grins>

    Bob Wilson
     
  7. iplug

    iplug Senior Member

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    Correction today - analyst report of US demand concerns next year and continued sell rating by said analyst.

    Bought more at $335/share.
     
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  8. bwilson4web

    bwilson4web BMW i3 and Model 3

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    The 2018 Q2 report had a statement to the effect that future sales projections are subject to 'the economy.' I don't remember seeing this boiler-plate in the Q3 report but it makes sense. This was one of the reasons I diversified by selling some TSLA to buy gold, KL:
    [​IMG]
    • Gold (KL) is my 'canary in the mine', an economy metric. When things go cattywomus, gold demand increases while others go down.
    • My rule of thumb, short of a significant capital or irreplaceable staff change:
      • KL+, TSLA+ -> inflation or an economy running hot
      • KL+, TSLA- -> real or imagined economy at risk of slow-down
      • KL-, TSLA+ -> Tesla reports a very nice quarterly report
      • KL-, TSLA- -> Time to leave TSLA, they screwed up or major bad news
    Stock traders vote with their wallets and strange as it may seem, financial news plays a role but should be treated with a grain of salt (or some cases, a salt-lick bock.)

    As I write this, I'm staying put until the Q4 production and financial reports. I'm not immune to the various reports but some have 'fuel cell' credibility.

    Bob Wilson
     
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  9. bwilson4web

    bwilson4web BMW i3 and Model 3

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  10. hill

    hill High Fiber Member

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    So - the shorters freak, when Musk threatens (to offset the shorter's fake news) to get Middle East $$ involved, which would effectively offset the shorter's fake news, & so they cry to the SEC because Musk is doing the same thing that they are doing. Stupid me ....... & here I was thinking musk was over-the-top when he called the SEC leadership a bunch of scumbags. Come to find out he was kinda being gentle. Thank you for reminding me why I stopped watching the news - oops - I mean the editorials. Walter Cronkite stopped rolling over in Your Grave.
    .
     
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  11. bisco

    bisco cookie crumbler

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    haven't watched the 'news' in years. the only truth in it is the disasters they spend most of their time covering. and even then, it's mostly hype.
     
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  12. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Between now and the first week of January, it should be a buyer's market for TSLA stock. It is the last window before the Q4 production and sales numbers come out. After the first week of January, a door closes.

    Monday, December 31 is the last opportunity for shorters to liquidate their position. Tuesday is New Years holiday so no open market trading. Wednesday January 2nd until the Q4 sales numbers are release will be a lot of fun ... popcorn (d*mn fast!)

    Last time I checked there are 23 million shorted shares. Times running out to cover their margin or face even worse losses.

    Bob Wilson
     
    #292 bwilson4web, Dec 19, 2018
    Last edited: Dec 19, 2018
  13. bwilson4web

    bwilson4web BMW i3 and Model 3

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  14. iplug

    iplug Senior Member

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    In this for the long game, so good to hear something soothing with TSLA down almost 5% this morning, as of this post. :eek::D
     
  15. bwilson4web

    bwilson4web BMW i3 and Model 3

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    I figure it is the pre-Q4, trash talking by shorts and some profit taking. I'm staying with my plan through the Q4 reports.

    Bob Wilson
     
  16. bisco

    bisco cookie crumbler

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    $315. buy!
     
  17. bwilson4web

    bwilson4web BMW i3 and Model 3

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    If I had any cash, a get for $290 makes sense. $280 when Trump shuts downs the Fed Gov.

    Bob Wilson
     
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  18. bisco

    bisco cookie crumbler

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    dollar cost averaging
     
  19. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Pure speculation but I wonder:
    • Stock sales to buy end-of-year Teslas.
    • FUD about lower Fed Credit in 2019.
    Bob Wilson
     
  20. bisco

    bisco cookie crumbler

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    sell tesla stock to buy a tesla, interesting...