Better buy than BLUE, although it has likely hit a low. I bough a bunch of CRSP at ~$60.
For most stocks, they are priced where they are for a reason. Very rarely will everyone be completely wrong about a company. BLUE vs CRSP is another such example. BLUE is undervalued for a reason.
Will start buying CRSP tomorrow and add via any dips. They have a strong platform (cas9) and good partnerships for commercialization. Long hold!
I am not sure if I will buy my long term hold at this time. I might sell it in the next few days and wait for a mini-correction which IMHO will happen early next year.
Probably a good idea to be patient, but I may buy a little just to get a position going (and keep it on my radar screen). Agreed on the mild correction in a few months.
Yeah, looks as expected. That's a big raised proportionally. Good news is they found buyers.
Every automotive publication to review it was left with their jaws on the floor.
Every vehicle Tesla produces is profitable. Every EV legacy makes isn't. For 2 years now, you're holding on to this fantasy that legacy auto will flip the magic switch to profitable EV production. Now, they're pausing EV production, pausing plans for batteries production, and waiting for.......???? Help me out here.
Just bought some PFE. What the hell. LOL! It's a rock solid company that isn't going anywhere. Good dividend.
Tesla was not always profitable. Pretty sure it was more then 2 years before they became profitable. Why do you ignore this obvious consideration?
I don't like the company but I'll say this much, it's really oversold on the longer term chart. 9 straight months of red candles on the monthly and 11 out 12 months of red candles lol. It's just around a 10 year low and broke through a long term moving average. I'd be surprised if it retook it any time soon.
Still in falling knife mode. I remember thinking about buying in the high 30's.
200MMA is around 29.71...last time it broke was before the crash and it took 5 years to get back above it. Only caveat would be is this a false breakdown or not? This could be the first month to close below it. Last month it closed just above it. So imo, it needs some confirmation still.
Ya this was what I was getting out. Support could still be there despite breaking below that distinct level.
They did reset expectations with the last report. It felt like a kitchen sink report so that may signal close to bottom.
I recently brought some MMM, ALGN, BEN, V, CAT,AXP, BA, HON since I don’t know how high the magnificent 7 will go up. Everything is positive the only losers are JNJ and BMY even though I brought them when they were at their 52 week low. LOL
Tesla didn't become profitable by pausing growth. Why do you ignore this obvious consideration?
www.barrons.com
I’ve been looking at ALGN. I held it for a while and was lucky to sell right before it fell off a cliff. Thinking of getting back in. I’ve been buying Uber since high 40s. My gut tells me UBER could explode in 2024 and become the magnificent 8th.
I think the Uber-in-the-S&P 500 trade may have run its course. I like it as a long-term holding based mainly on gross bookings and CX. Anecdotally, I started using it for airport trips and not sure I’ll ever go back to short/long term parking. It’s just too easy and significantly cheaper. I’ve also been using it to schedule rides for my 75-year old mother to get back and forth from local places like her hair dresser. For $15 round trip I can keep her off the road and get her out of her house! Plus, even had my son use the new teen feature a few times to get home from school. Anyway, not saying $60 is a good entry point but I plan to keep adding to Uber with the intent of having it in my portfolio for a while.
UBER seems like one of the advancements/technologies that once adopted will never go away. It will just become the norm.
Well the example above with the older mother is a good one. It’s the opportunity/replacement cost of buying/leasing versus an alternative like UBER which may be cheaper on a more they basis based on frequency of use. I still think the costs need to keep coming down for it to be a long term option for many and that’s there I think EVs could come into play over time. If extended range and quicker turnaround in charging occur this could be one way to lower costs and of course if robotaxi comes to fruition to reduce labor costs. I just see that as very far off from happening.
Whenever robotaxi's become an option, I bet UBER adopts the tech first and rolls it out to the masses.
They would need to team up with a car company, maybe something with Chevy and their Cruise division, but it does make sense.
BA is on a very nice run since their Oct lows. 40+%.
Tesla will just do their own thing. They don't need a partner.
I bet Tesla would partner with them…part of it would just be for all the data they could collect from the frequent usage
