Tesla stock

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

  1. hill

    hill High Fiber Member

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    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
     
  2. dbstoo

    dbstoo Active Member

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    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.
     
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  3. hill

    hill High Fiber Member

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  4. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Gosh, I bought my TSLA at $60/share, split adjusted.

    Bob Wilson
     
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  5. iplug

    iplug Senior Member

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    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.
     
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  6. bisco

    bisco cookie crumbler

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    580 is temting. must resist, must resist, musk resist...
     
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  7. markabele

    markabele owner of PiP, then Leaf, then Model 3

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    Buying some more myself. So cheap right now.
     
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  8. VFerdman

    VFerdman Senior Member

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    If you are in for a quick buck, don't buy TSLA. Otherwise enjoy the sale!
     
  9. orenji

    orenji Senior Member

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    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.
     
  10. Trollbait

    Trollbait It's a D&D thing

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    It is also 15472% higher than when it first went public.
     
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  11. VFerdman

    VFerdman Senior Member

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    And the temperature today is also 3 degrees colder than yesterday. Does that mean summer is cancelled?
     
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  12. vvillovv

    vvillovv Senior Member

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    bitcoin is too , even after the split

    got bank? dogge coin

    and the big question is who is satoshi ack amoto
     
  13. dbstoo

    dbstoo Active Member

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    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.
     
  14. Trollbait

    Trollbait It's a D&D thing

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    Which TSLA fans were saying to buy at the peak or right now?
     
    #1034 Trollbait, Mar 7, 2021
    Last edited: Mar 7, 2021
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  15. dbstoo

    dbstoo Active Member

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    Just look at the last 20 or so posts. It's pretty obvious when people downplay the loss of value this month.

    Dan
     
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  16. orenji

    orenji Senior Member

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    Scroll above
     
  17. iplug

    iplug Senior Member

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    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?
     
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  18. Trollbait

    Trollbait It's a D&D thing

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    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.
     
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  19. dbstoo

    dbstoo Active Member

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    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
     
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  20. John321

    John321 Senior Member

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    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
     
    #1040 John321, Mar 8, 2021
    Last edited: Mar 8, 2021
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