Tesla stock

I suspect the ‘chicken little’ investors have figured out the “noise machine” is not their friend.

Bob Wilson

 

Took some TSLA profits to diversify by selling 20 of 70 shares:

• TSLA - 50 shares, mining luxury car market
• KL - 365 shares, gold mining

The TSLA holdings are my milk cow but if (when) the Orange One economy returns, we'll not be wiped out.

Bob Wilson

 

Code:

date        TSLA    KL     TSLA%  KL%
11/16 09:30 $345.19 $19.00  121% 100%
11/16 16:00 $354.31 $18.97  124%  99%

Bob Wilson

 

My gold stock did OK too.

Bob Wilson

 

I bought it specifically for that purpose:

• ~70% TSLA holdings
• ~30% KL holdings

Once I diversified, I've been doing daily tracking and this month has been interesting. Yes, I am using percentage not to obscure as much as track what happened:

• The X-axis is Monday-to-Monday
• Week 11/11 the counter cyclical is as expected ... bulls up and gold down
• Week 11/17 still counter cyclical ... bulls down and gold up
• Week 11/25 What The Frog!
• Week 12/02 gold rate is going up faster than my bull stock

I read the earnings report and KL is doing a lot of things right. Capital investment is improving their production and they've run into new, significant reserves. They are controlling their costs and even had some executive tuning. So I can't claim their uptick is just counter cyclical until I compare with the other gold stocks. Still it is a disturbing trend.

As for TSLA, even during an economic downturn, some companies still do well. If you have a superior product and good management, customers will find and buy.

If I followed traditional practices, I would change the TSLA/KL ratio to 50%/50% but I know we'll see the TSLA Q4 production numbers the first week in January and Q4 financials the first week of February. Having read all TSLA quarterly reports since Q3 2017, I'm really curious to see what happens next.

Bob Wilson

ps. The best way to loose your shirt is to follow stock advice you read on the Internet, FOX business, and CNBC.

pps. Treat my initial investment as ~$20k which means if I liquidated everything, my gross is up ~$4k for November. These chips are still on the table.

ppps. The TSLA shooters have got to be doing a slow burn.

 

Classic counter cyclical:



Bob Wilson

 

Getting to close to my 420 put. This weekend I'll put TSLA:

• 10 shares at 420 - take profit to increase KL stock and snicker
  • The 'shorts' will soon (are) covering their position. Can you spell 'panic buying.'
• 40 shares at 600 - to prevent use as 'short'

Once the 10, TSLA sell, I'll covert to gold (KL). This will bring the ratio to 57% (Tesla) to 43% (gold). Hopefully long enough to get the production numbers in 3-4 weeks.

Bob Wilson

ps. The best way to lose your shirt is to take investment advice from the Internet.

 

I'm not worried as much as curious.

I'll leave the 10 shares put at $420 until the Q4 report comes out. There is a good chance the 'shorts' are facing a grim future and will have buy ... against the other shorts. That can jack the price up quickly when the panic occurs. If anything, I may be too cautious about the $420 but there are historical reasons for leaving it there ... and it would be hilarious.

BTW, I Googled Tesla's 'short status' on Saturday and nothing current has been posted.

Bob Wilson

 

"60 Minutes" did 16 minutes of Elon Musk interview. A fair piece, it is more aimed at those who don't have a clue about Musk.

Bob Wilson