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OT: Stock and Investment Talk

It was out of the money, just not enough, it's been a rocket ship.
You have to run scenarios to see if the trade performs based on your assumptions. Never like writing cover calls because Limited upside and very little protection on the downside.
 
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“At last a worthy Tesla opponent”…
LOL!

They haven't made a production car yet. They are also only targeting a tiny part of the EV market because they know they can't compete against TSLA elsewhere (mid and lower priced models).
 
Did they file for chapter 11? Why didn’t Uber buy the cars directly?
Uber needs to be asset light to make any analyst projections make sense. Hertz is OTC, so it's not required to follow 1933/1934 SEC Acts. It makes sense to use a middleman that doesn't have to follow SEC & GAAP. This is essentially the same off balance sheet accounting that sunk WCOM, GLBX, ENRN, and other high fliers 20 years ago.

Things are probably different this time though. lol
 
LOL!

They haven't made a production car yet. They are also only targeting a tiny part of the EV market because they know they can't compete against TSLA elsewhere (mid and lower priced models).
It could prove to be a really smart play. Let the Big 3 and Tesla battle it out on low to mid-priced vehicles. And once Lil Nas X and the Weeknd are seen riding around in Lucid cars the Millennials and influencers will cream their pants.
 
My day trading and part long term stock QS just broke out. Was trading it between low 20s to mid 20s. My long term hold shares are still in the red but company announced good news today.
 
My day trading and part long term stock QS just broke out. Was trading it between low 20s to mid 20s. My long term hold shares are still in the red but company announced good news today.
QS?
They still in business? :)
 
Folks legitimately worry about the concentration of top stocks, but another up day with Apple and Amazon down after "poor" earnings. I hate to be over-optimistic, but the market is so strong - everyone wants in. High personal savings means there's a lot of money that can potentially move to the market.
 
Folks legitimately worry about the concentration of top stocks, but another up day with Apple and Amazon down after "poor" earnings. I hate to be over-optimistic, but the market is so strong - everyone wants in. High personal savings means there's a lot of money that can potentially move to the market.
Bears are stupid and have been for years and years. Their day will eventually come, but it wasn't today! LOL.
 
Oct was an outstanding month!


All three major averages posted their fourth positive week in a row and finished solidly higher for the month. The Nasdaq gained 7.2% for October, while the S&P 500 gained 6.9%. The Dow rose 5.8% for its best month since March. The month marked a rebound from September, where the major indexes declined.
 
Was it a meme stock at one point? I see it was at $125.
Nah, was a SPAC, when it was cool to be a spac, that merged with an EV oriented company at a time when the EV stocks were on fire.

Still way prerevenue.
 
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I know we’ve talked electrifying America but that will take years. In the short term, where are people gonna charge all these EVs. I’m just waiting for the first brawl at a charging station.
 
Investment Horror Stories and Lessons Learns:


Important reminder for the LBs in this thread.

Tick, Tock, Time's Running Out!​

While the markets recovered from the March 2020 sell-off, I feared a "dead cat bounce"--meaning a further decline. Therefore, I waited patiently on the sideline while the stock markets climbed higher and higher. After realizing that the bull had indeed defeated the bear (at least at that time), I eventually bought stocks at much higher valuations.

Lessons Learned​

  1. Timing the market is extremely difficult.
  2. Dollar-cost averaging can serve you well because it can reduce the impact of regret aversion: the tendency to refrain from making decisions to prevent any potential mistakes, for example "I should have bought" or "I shouldn't have bought."
I think Peter Lynch sums it up well: "Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."
 
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SOFI with a nice jump. Put in my order to sell the rest at 24. Just sold more QS at 30. 60% on SOFI and 35% on QSif both hits. Not bad for a few months. Should pay for a couple nice bottles.
 
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