OT: Stock and Investment Talk
- Thread starter RU-05
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Yes, but the order may or may not get executed. My point here is to try to dispel any possible misunderstanding that by setting a stop order and limit it will result in the investor having a clear and definitive downside protection.
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Tesla silly. 440 at the split a couple months ago. Now over 800. If you had 1 before the split you had 5 when it split. Do the math
The highest quote I've read on ETH (not ETHE) is $4,000 over the next year. Ethereum 2.0 is being rolled out which is a platform that I've previously alluded to. A very poor analogy is its a platform (along with being a cryptocurrency) like iOs or Windows on steroids.
Quotes on bitcoin range from 50k to 115k by the end of 2021, to as high as 1 million by 2025. I'm not advocating any of these numbers, just repeating what I've researched. You'll have to choose which you think will go higher but I will say I own both (the stocks/trusts, not the actual coins).
Have a large bag of PACB in IRA so far up about 160%. Its up about 450% For the year. Waiting forc4th qtr earnings
There's room for both. Ehteruem block chain has real proof of work as it is used for other applications. Bitcoins blockchain is used solely for validating BTC transactions.
They're both the safest plays in crypto. BTC has scarcity which drive up and maintain its price, while ETH has the use cases.
My crypto hodlings are 90%, 6% ETH, 4% other coins. I would have liked to have more ETH in there but I struggle justifying paying 1k+ for a the token. My hope is that the alts I chose (ones with either functional use and/or scarcity) will rapidly rise and my 90% will come down.
To you and @RUTGERS95 - okay you crazy bastards, for fun and gambling, I bought 97 shares of ETHE which is enough for 1 Ether. Bought at the bell for 16.00. Now you kids leave me alone and let me get back to my actively passive investing.
:)
Well, in that case, might I interest you in some lovely, rare tulip bulbs? They are going fast, and the prices are rising. Act now to avoid disappointment!
Eth has the potential for 1billion plus in transaction daily. ETH will grow at a faster rate and move rapidly. I don't think it catches BTC but do not be surprised to see this 5 figures sooner rather than later.
How difficult is it to come up with a new cryptocurrency like Bitcoin, ethereum, ripple etc? Can’t banks like JP Morgan, Goldman Sachs create their own cryptocurrency and link it to their bank accounts?
I thought you were referring to 95. llo!
When the tech bubble pops it's going to be interesting the effect. Unlike the dot com bubble 98-00, the bulk of these companies have pretty good cash flow. If TSLA was to retrace itself back to January 2020 levels, it's selling for 2.5X sales. Heck, when you strip out the cash from GOOGL & AAPL, they're trading like value stocks. I think that (along with the billions that are mindlessly indexing) puts a floor on the stocks that have been leading the market high. The gig economy & EV crap is another story, but they don't really have that big a piece of the market.
you can do your own bitcoin, mining it is simply an app but Eth is different given the technology behind the blockchain and open source. I think docusign is affiliated with it as well.
Sounds like a great deal! Hey, perhaps ETHE will go up 100x in the next few years. 😜
Also @RUTGERS95 - my bond funds dipped the past 2 days. Is that due to the 10-year yield going over 1%?
i was going to go full margin when the stock dropped to $200 back in June 2019 but chickened out and only put in 10k. I'm happy with it being 190k+ now but shit it could have been around 6M now!
Bought it for $240 pre split in August 2019 so I’m up 19X. Of course I’m kicking myself for not having bought more. Clean energy is taking off. The Invesco Solar Fund TAN that is a pure solar index is up 4X since March.
I bought it on the last bit of gov't(china in that case, and there was another weeks before that) pressure on Baba, it jumped afterward, and then a couple weeks later here we are again.
I agree with your general sentiment, but these potholes are a trend at this point..
I owned it when it was at $700......the first time, pre split. Sold at $1000. It's up about 2x since then?
This would sting worse if Nut didn't get me in on the crypto trades.
Do we think if and when the SEC allows for crypto based, will that open the door for the current OTC's to enter the majors?
I don't know and really don't think it matters. GBTC and ETHE trade in pretty high volume and are very liquid.
I never had the balls to buy it and hold it. Always heard it was overprice at least 2-3 years ago.
Morningstar gives Tesla 1-star (which is their most overvalued rating):
Morningstar's Analysis
TSLA is at a 147% Premium.
Fair Value: 306.00
Last Close: 816.04
Uncertainty: Very High
Economic Moat: Narrow
1-Star Price
> 535.50
5-Star Price
< 153.00
Scary stock to own right now.
They always said it was a scary stock 3 years ago. Even if it drops 50% or 75%, he wins.
But he wins more if he gets out now (or shaves it down). Obviously, it is up due to emotions, not finances. That could change very quickly.
My best fund that was up 70% in 2020 starting cutting it back in its portfolio (once 8%, now down to 2.5%).
Up over $6.05 in extended. I got in on a 43% late day move.
Does it run up into the $20's like the other block chains? Stay tuned.
When I bought it was considered overpriced by all but a couple analysts. My thinking was less than rigorous; I felt it was a bit like gambling but felt there was at least some chance it could explode and I didn’t want to miss that. So I took a small position. And it worked out. I sold 20% to take some profits when it was about $500 a share, 11X growth for me. I almost sold more about 10 days ago. The amount it goes up most days just makes me laugh.
This all makes a ton of sense but if your investment exceeds any expectation you ever had for it it changes the psychology. When I bought it at today’s equivalent (pre-split) $45, it was also poorly rated. Having said that, I would never buy today. I will probably dump some soon.
Cant say without knowing the credit risk in your bond funds, but certainly higher Treasury yields will pull down the price of bponds that are offering very paltry nominal yields. All else being equal, the lower the yield of the bonds held by the fund, and the longer the duration of those holdings, the more sensitive the price will be to movements in “risk free” yields.
Im sure that was said often in early 2000 and in 2008.
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TSLA makes no net income absent tax credits. Their core business loses money.
I think one has to ask, how many cars will TSLA have to sell annually to justify this valuation? What share of the global auto market must it capture to sell so many cars? what are the chances that competing manufacturers will produce similar vehicles? What do you need to justify a 1,560 P/E ratio, or a .06% earnings yield, when the core operations provide less than zero of the E?
Of course, it might just keep going up regardless of the answers to those questions. Or it might drop with as much, or perhaps more, speed than it rose. Which way should anyone bet?
This is like calling the housing bubble before 2008. Timing is everything. I have lost a Tesla (luckily, just a base model 3 and not a S or X) shorting the stock. But someone will make a boat load of money shorting it.
Id never short based on valuation. Have to find fraudulent practices, and even then it’s tough. Perhaps buy puts, but no way would I short high flying over valued stocks, Chanos is viewed as the gold standard among pure shorts and still loses money. Timing is not everything. Ask Michael Burry.
Not scary if your trade went from $400,000 to $8,000,000 in under 3 years.
Tough to sell it if you bought it at $45. The tax bill will be very high. Only worth selling if you are sure that the stock price will go down. Better option would selling way out the money upside calls.
They have been making that argument for years. Missing the point of Tesla. Not just a car company.
Ok. What is the point of TSLA? Does this point outweigh that it earns no money from its operations? Is the point that We will all use autonomous vehicles which will more easily be powered by electric battery? Is this point strong enough to turn this company into an income and cash juggernaut? If so, when?
If you only short based on fraud, timing is not everything. If you short based other reasons, it’s absolutely about timing.
