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Stock Thread (23 Viewers)

Are the stock guys here interested if I set up a discord server for the day traders here? 

5 people would be enough to keep it active. 15+ would be better. 

 
Gonna just have to accept that I looked at the date wrong yesterday and it cost me $600 - would've been able to buy that Put for $10.50 today :kicksrock:

I am excited to watch the market celebrate new record losses for TSLA today though.

 
fantasycurse42 said:
Gonna just have to accept that I looked at the date wrong yesterday and it cost me $600 - would've been able to buy that Put for $10.50 today :kicksrock:

I am excited to watch the market celebrate new record losses for TSLA today though.
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Of course they're up 4% before earnings, who wouldn't want a piece of a company building flamethrowers, to shoot piles of money with, and then load the charred ashes of that money into a spaceship to Mars - what isn't to love here? 

 
Sand said:
I've been thinking that since it was at $50.  
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Me too. And 90, and 150 and 180. I was considering buying at 30 after the roadster problems and before the Model S came out, but didn't like the risk. lol. What I failed to realize all the way up is that TSLA stock isn't about selling cars or really about Tesla at all. It's an investment in Elon Musk. I still don't buy the TSLA bull story, but it doesn't matter. Tough to bet against Musk, and I can easily see TSLA being a 10 bagger from here. I still don't have the stones to buy it.

 
ericttspikes said:
Me too. And 90, and 150 and 180. I was considering buying at 30 after the roadster problems and before the Model S came out, but didn't like the risk. lol. What I failed to realize all the way up is that TSLA stock isn't about selling cars or really about Tesla at all. It's an investment in Elon Musk. I still don't buy the TSLA bull story, but it doesn't matter. Tough to bet against Musk, and I can easily see TSLA being a 10 bagger from here. I still don't have the stones to buy it.
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I doubt you'll find many people who dispute Musk being a visionary, I certainly don't, guy is brilliant... With that being said:

visionary <> profitable company

If he wants to run a non-profit, or look for government funding for space programs, I'm all about it... If he wants to run a company with the expectations of profits eventually, I don't see it. Their cash burn is going to be incredible this quarter (with no end in sight), I probably tossed $1,600 in the garbage bc the market just doesn't care, but one day, when #### hits the fan, they certainly will.

Furthermore, people tout the technology behind Tesla, the gap is pretty narrow between them and their competition. In fact, Navigant ranked their autonomous technology dead last, way behind Waymo, F, GM, Daimler, etc..

I think I'm buying lotto dated $100 puts on them every year - It'll cost me like $1k per year, but if they ever hit, they'll be worth $100's of thousands. You can't just keep lighting money on fire (ESPECIALLY IN A RISING RATE ENVIRONMENT) - something has to and eventually will give, IMO. 

 
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fantasycurse42 said:
I doubt you'll find many people who dispute Musk being a visionary, I certainly don't, guy is brilliant... With that being said:

visionary <> profitable company

If he wants to run a non-profit, or look for government funding for space programs, I'm all about it... If he wants to run a company with the expectations of profits eventually, I don't see it. Their cash burn is going to be incredible this quarter (with no end in sight), I probably tossed $1,600 in the garbage bc the market just doesn't care, but one day, when #### hits the fan, they certainly will.

Furthermore, people tout the technology behind Tesla, the gap is pretty narrow between them and their competition. In fact, Navigant ranked their autonomous technology dead last, way behind Waymo, F, GM, Daimler, etc..

I think I'm buying lotto dated $100 puts on them every year - It'll cost me like $1k per year, but if they ever hit, they'll be worth $100's of thousands. You can't just keep lighting money on fire (ESPECIALLY IN A RISING RATE ENVIRONMENT) - something has to and eventually will give, IMO. 
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I agree with everything you said and have believed that for 4 years now, but I'm beginning to believe the first sentence might be the most important. There are a lot of people who simply want to "own" a part of Elon Musk's visions, regardless of the soundness of the underlying business. As long as he's able to keep the doors open, I don't see that changing anytime soon.

 
ericttspikes said:
I agree with everything you said and have believed that for 4 years now, but I'm beginning to believe the first sentence might be the most important. There are a lot of people who simply want to "own" a part of Elon Musk's visions, regardless of the soundness of the underlying business. As long as he's able to keep the doors open, I don't see that changing anytime soon.
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When we hit a recession, people won't be as happy about lighting money on fire. Until then, burn it away.

Guy should run a government funded future looking program, not a for profit company.

 
I need some direction as I've called around here and cannot find what I'm looking for.  All of them are 1 thing and not the other...

A FEE Based Certified Financial Planner who is also a CPA.  This person I do NOT want to manage my money in their own funds, I just need someone to manage how I manage my money.  

Am I just looking for a wealth management professional or what?  

One CFP referred me to someone else who was a CFP/CPA but managed my money themselves in their funds.

I have a very substantial amount of options right now that all have different tax implications (RSU, ISO, NQ).  A regular CPA is terrible at planning on HOW and WHEN to withdraw money, the CFP I've talked to are happy to help with that side but want to invest it for me.

Does this type of unicorn exist?

 
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cosjobs said:
in for 1000 TVIX at 8.40
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Cos, honest question here - you obviously just saw billions lost overnight in a similar product inverse to this one... If you want to bet on volatility, which is basically betting on a market fall, why not use a different type of method in doing so, basically one that is tied to underlying assets, such as an S&P Put or something like that? A product that can't be wiped out because the financial backer needs to protect themselves in case of large losses. 

 
John Bender said:
I need some direction as I've called around here and cannot find what I'm looking for.  All of them are 1 thing and not the other...

A FEE Based Certified Financial Planner who is also a CPA.  This person I do NOT want to manage my money in their own funds, I just need someone to manage how I manage my money.  

Am I just looking for a wealth management professional or what?  

One CFP referred me to someone else who was a CFP/CPA but managed my money themselves in their funds.

I have a very substantial amount of options right now that all have different tax implications (RSU, ISO, NQ).  A regular CPA is terrible at planning on HOW and WHEN to withdraw money, the CFP I've talked to are happy to help with that side but want to invest it for me.

Does this type of unicorn exist?
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Define and clarify what that means to you. What do you mean by "their funds".

 
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Todem said:
Define and clarify what that means to you. What do you mean by "their funds".
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In other words - the folks I called that were referred to me, want to help me with taxes, managing my money, but also putting it into funds/trade it (or some of it) of their choosing.

 
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John Bender said:
In other words - the folks I called that were referred to me, want to help me with taxes, managing my money, but also putting it into funds/trade it (or some of it) of their choosing.
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Ok. So I am a Sr Portfolio manager at a major firm. I am a fee based discretionary manager. It is the only way I work. (I am also a CPM which I went to Columbia University Resident program to obtain). 

My clients entrust me to build and manage their money. I full authority to select and execute their portfolios for them on their behalf. I do not use institutional money managers. I actually build and manage their portfolios on a day to day, month to month, year to year basis in addition to my partner doing financial planning for them. For example, yesterday I was an active buyer of stocks in my lcients portfolios. I did not call them to ask permission. I just executed.....and we discuss these things after the fact. We also had powder dry for this type of event. We talk often. But i make all investment decisions based on their goals and time horizons and risk tolerance. 

You are looking for someone to advise you, but can't do anything in terms of picking stocks, bonds, funds etc without your approval. You want a non discretionary money manager.

So basically you want to pay someone to hold your hand in terms of tax planning but take orders and investment direction/selection from you ultimately. 

Is this accurate?

 
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Todem said:
Ok. So I am a Sr Portfolio manager at a major firm. I am a fee based discretionary manager. It is the only way I work. (I am also a CPM which I went to Columbia University Resident program to obtain). 

My clients entrust me to build and managed their money.

You are looking for someone to advise you, but can't do anything in terms of picking stocks, bonds, funds etc without your approval. You want a non discretionary money manager.

So basically you want to pay someone to hold your hand in terms of tax planning but take orders and investment direction/selection from you ultimately. 

Is this accurate?
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That is accurate.

 
John Bender said:
That is accurate.
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Ok.....you want a consultant. 

They are out their, but far and few in-between in terms of investments. 

If you are a self directed investor, you are on your own in terms of the actual investing.

Tax advice would be your trusted CPA. And I would never let your CPA also do your investing for you. It never has ended well in my experience. That has been a trend with CPA's trying to take a piece of the business. They know taxes.....that is what they are an expert in. They are not investment advisers. They farm the assets off. 

 
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Todem said:
Ok.....you want a consultant. 

They are out their, but far and few in-between in terms of investments. 

If you are a self directed investor, you are on your own in terms of the actual investing.

Tax advice would be your trusted CPA. And I would never let your CPA also do your investing for you. It never has ended well in my experience. That has been a trend with CPA's trying to take a piece of the business. They know taxes.....that is what they are an expert in. They are not investment advisers. They farm the assets off. 
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Ive had such bad luck with my last two CPAs.

Here's what I've found - on the back end - AFTER I've made some transactions, they are awesome.  Pre-planning, on the front end, it's like I'm speaking Greek.  They always seem unsure and non-committal.  Taxes are a tricky thing, you think your keeping yourself in a certain bracket, and then boom - get hit with some non-taxable income you didn't even realize you made, or the like.  

The other problem is, I'm 100% bonus based salary wise - so to play the system correctly, I've got to have my annual income monitored at least quarterly, if not monthly to make sure I skate under whatever threshold that's most beneficial.

 
John Bender said:
Ive had such bad luck with my last two CPAs.

Here's what I've found - on the back end - AFTER I've made some transactions, they are awesome.  Pre-planning, on the front end, it's like I'm speaking Greek.  They always seem unsure and non-committal.  Taxes are a tricky thing, you think your keeping yourself in a certain bracket, and then boom - get hit with some non-taxable income you didn't even realize you made, or the like.  

The other problem is, I'm 100% bonus based salary wise - so to play the system correctly, I've got to have my annual income monitored at least quarterly, if not monthly to make sure I skate under whatever threshold that's most beneficial.
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That stinks. I have a great CPA I use down here. Highly knowledgeable and a great planner for tax ramifications. 

 
Look, I love you man.  And the boozing and the drugs and constantly walking around looking like a brontosaurus is suffocating behind your zipper... that's all good fun.  Even that thing you did with the antelope (rest his soul) in the woods was understandable.  Stuff happens.  And it's all entertaining  and endearing and I KNOW you can stop anytime you want.  But THIS.  THIS **** HAS GOT TO END.  You can't keep doing this to yourself.  It's not right.  Think of the kids!!

 
Walking Boot said:
I kind of feel if anything were to happen to good ol Catshirt Bob (god forbid), we could replicate him with 90% accuracy by having a bot just post "IN VIX $(random.number)" "OUT VIX $(random.number)/2" three/four times a week. Then every two weeks it could post "I'm never doing this again" or "I can stop anytime I want".
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Fixed

 
Ok - just like that I'm selling off NVDA until earnings are out today

I bought 12/12/17 and sold today for +22.86% - that's a nice scalp for 2 months work

 
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fantasycurse42 said:
Another fantastic quarter for Tesla, goodbye $1,600.
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So on CNBC this morning they played Musk's portion of the conference call talking about a "cautious optimism on getting to GAAP profitability".  

David Faber:  "Do you share his cautious optimism?"

Cramer:  "Well, does it matter?"

:lmao:    :lmao:    :lmao:

 
Sand said:
So on CNBC this morning they played Musk's portion of the conference call talking about a "cautious optimism on getting to GAAP profitability".  

David Faber:  "Do you share his cautious optimism?"

Cramer:  "Well, does it matter?"

:lmao:    :lmao:    :lmao:
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I got out at 10.19 (yesterday's close, this morning)... I got on the subway and it was $3, I left an open order hoping for some selling and it was filled within 15 minutes when I arrived at my destination - total loss was $633 with fees... Considering I thought it was a complete loss yesterday, I'll take it with an extra $1k in my pocket. Honestly, think it can break $330 in choppy trading today, but I'm okay taking a $600 loss versus a $1,600 loss. 

A lot of their money (that helped reduce cash burn) were deposits. When the bull market eventually ends, this is one of the last stocks you'll want to be holding. 

In terms of a company that will ever justify it's valuation, this one is the biggest joke of them all.

 
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Can someone step in and buy bonds? TIA.

The big orange idiot got rid of Janet, she'd have the orders waiting to go.

 
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