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You can say that again. This actually feels particularly bearish to me. We just learned today that Softbank is plowing billions into spectulating in options for these stocks. Leaps are weird and illiquid anyways, will have a lot of volatility.
Tesla ran up 30-40% just on that before dipping after earnings and then going up 50% on the split.
Yeah, down about 6% right now (above $390). ETSY up over 5%. TER, which I own, is up just under 2% as it’s on the list too.
You have never seen a Tesla car? I bet you have and didn’t realize it.
I suppose that is possible that I have seen one and not known it.
Tesla cars all over here in the Seattle area.
It would be really surprising if you hadn't seen one. I overlooked them for the longest time before my 15yo got obnoxious with how often he'd point them out. I live in a middle income neighborhood in Alabama and we have at least 3, in 100 homes. Probably more. They're nowhere near as common as Toyota or Honda, but they're pretty much everywhere.
You must be seeing them and not realize it. I see at least 3-5 a day and I live in Utah, so not exactly Tesla's target market by any means.
I think the main two sticking points to Tesla joining the SP500 were the crazy volatility of the stock and the notion that they did some tricky accounting with those EV credits to meet the minimum requirements of 4 consecutive quarters of positive net income. And the wild multiple, of course.
I can’t go for a drive here in Denver and not see multiple ones everywhere. I rode in a friends once when he first got it a few months ago, I definitely see the appeal - super quiet, lots of zip, tons of cool bells and whistles.
It wouldn’t surprise me about those credits. They would have lost money the last 4 quarters if not for those credits. 4 straight quarters of positive earnings is a requirement.
Yeah, I’m only negative on Tesla due to share price. I’d love to go back in time and just place the buy order. I just won’t buy right now. It could be higher in 5 years but the growth potential is way less because of artificial run ups. Down 6% for non S&P inclusion? It ran up from 200 to 300 when all the S&P inclusion happened. It actually dropped after earnings were good but not great (profitable but only due to credits) like the FANG stocks blew out. It then went from 275 to peak at 500 due to the split. Going down just 6% to 390 us a big win considering it was at 200 and ran up to 500 more because of S&P and the split than anything else.
I truly do hesitate to ask where you spend your weekends. All I can picture with more Teslas is Charles and Wendy’s pre-polo party or Chad and Tina’s swingers night in Charleston. Definitely not Mac’s Speed Shop.
Right. I actually really like the company and its upside. It's just that it's already priced at that upside.
They sold 368K vehicles in 2019.
1000 shares is $5. A couple hundred and you might have a hard time filling the order. Only about $10k volume a day. I don’t think they even report earnings. Can’t believe this is even a stock and you’ve got to wonder how much of a cut of any treasure found the shareholders get. Hard pass even if just for ####s and giggles.SFRX
Who doesn't want to invest in treasure hunters?
I love this so much, I might just throw a couple hundred at it so I can follow along with them.
https://seafarerexplorationcorp.com/
Nothing to do with rotation. I’ve posted it as an example a few times recently, but I think what I read was that the illegal weed business hasn’t gone anywhere. Supposedly you can get better weed cheaper through the same channels so the addressable market that analysts predicted hasn’t materialized. Also, prices and supply are way too high.
https://www.cnbc.com/video/2017/12/27/the-profit-in-marijuana-country.html
I'm not so sure Netflix has that kind of pricing power anymore with all the competitors coming online.
Actually, their pricing power has actually increased even with all of the competition.
It's funny because I agree with the bull case. But the valuation is beyond repulsive. We are talking pie in the sky speculation levels beyond anything I had seen in recent memory.
And it will keep dropping.......it is happening. I was telling some clients it looks like the Hindenburg......and it very well may be from a stock price valuation perspective. It will be a snowball effect. All that "Johnny come lately” money that came in way after the actual trade and chased this thing will get rocked here and panic on the price will set in.
Bought into some more AAPL and TQQQ late last week. Get out while I’m slightly under water or ride it out and likely get it cheaper later this week/month?
Not that it's my intent to compare the two as companies, but I just looked and it looks like AMZN's highest P/E ratio was 3732. TSLA is currently at 1008.
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