Tesla stock dropped, I bought more, what did you do?

No I get you, but I think tesla is a good stock to have in a varied portfolio. you canā€™t invest everthing in one stock. the problem is in the last few years tech stock has been making huge gains. oil and insurance the UK based companies Iā€™d of made huge loses of I had invested them a few months back. I think out the next big thing away from tesla will he the likes of square, etsy, shopify might even get to amazon prices.

How spacex gonna fly their rockets without the oil. Realistically though oil is used in everything, the pandemic is an ā€˜eventā€™ and people are being irrational. Yes, we are in a process of transition but this will take a decade. Also certain goods we canā€™t avoid oil, plastics, solvents etc. Increased insolvency within the industry as well as reduction in CAPEX by the survivors will create a shortage and then dividend reinstatement will create one final boom. I will then exit in about 2028 and retire.

You think after this all the big travel firms will want to buy electric planes or lease them when theyā€™re developed, not until they balance their booksā€¦and thatā€™s when the tech is even developedā€¦

Furthermore we can decarbonise the atmosphere, technologies are being developed maybe this will prolong the industry.

Short term losses you would make yes. Long term I donā€™t think so.

What youā€™re seeing in the market now is gambling and playing off emotions.

First thing first.

Tesla was high risk/high reward play at <400$ pre split. At todayā€™s absurd valuation it is just high risk, possible zero/negative reward for years/decade.

Lessons from history, if you just go back to similar tech exuberant rally pre dot com.
Check MSFT back at '99, well established business, profitable, growing. Took MSFT stock 15 years, I repeat fifteen years to recover(excluding dividend).

I donā€™t wanna go CISCO path and mention the one that never recovered.

Stock sank 80%, so for folks that claim, sure it is being said for tesla since 300$, but it is at 2000+ now, well do 80-90% from that, you are in 200-400(pre split) territory, there were tech stocks that had 99% drop, so Imagine to 20$ pre split price.

So just a small tip for all ya that been , like stonks always go up, TSLA, ZM and all other high flyers.

Revert to mean will come, maybe not Today, nor tomorrow, maybe not in week, nor in month, maybe in half a year or two. But when it happens it will be epic wipe.

So who will be the one holding the bag? Will you be the one that bought low and sold high, or the one that bought high and sold low?

Peace :trolleybus:

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Wise words brother, donā€™t get smoked.

Zoom epitomises the madnessšŸš¬

I have never really looked into charts and indicator, just valuations (future of the company, income statements, balance sheets, etc).
What would you say are the main things to look at from a ā€œchart perspetiveā€?
(And if possible any suggestions or where to find more info :wink: )

212, Ziptrader and StockDweebs YT channels are good tutorials.

I cringe any time I hear people say they bought TSLA.

You may as well sign up for betfred. :wink:

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RSI, Macd, SMA, EMA, Fibonacci basics you can use as well as price action and support resistance and patterns. Itā€™s a bit hocus pocus but it does have merit and works well with fundamentals long term . Iā€™ve used it day trading for bull pendants and stuff.

Anybody know why Teslaā€™s final after hours price is $417 on the T212 app (CFD), but $391 on Google?

Apparently there was an after hours dump, due to them not making it into the S&P. Which is reflected in the google chart only. Am I missing something obvious?

T212 does not show out of hours (premarket and post market). The dump was a post market dump due to the news.

It does usually show it on the CFD side though. Up to 1am GMT. Or 12am. Whenever after-hours finishes in USA.

Oooo I see. Sorry I donā€™t play CFDs yet.

So this is the last bid we saw, donā€™t know why it cut out two hours before. Hopefully someone like @David will know the reason.

This is the last ask I saw on tradingview

Not sure why it cut the feed 10 mins before end

And this is the actual last trade which Google shows at midnight (UK). Four trades all on the same closing second 391.50

I really donā€™t want to get involved with these tesla discussions, it almost feels people are attached to these with religious convictions.

butā€¦

Back to basics,
If you pay 100$ for a share you want that share to earn at least 100$ otherwise you are literally burning money.

You can recoup your cost in 3 ways

  • capital gains, you bought at 100$ someone should want to buy at 200$ -> 400$ -> 800$ we know how that ended up for real estate
  • company can pay dividends
  • company can buy back shares to help that 200 -> 400 -> 800ā€¦ until forever.

So here is a glorious theoretical future for Tesla:

  • Ford (130B revenue) and GM (116B revenue) is completely dead
  • Tesla(23B revenue) got 100% of Ford and GMs market share and produces enough cars for the supply. Now has a revenue of almost 270B
  • Tesla starts share buy backs and/or dividends to give back to investors at a hypothetical ultra high rate of 10% of revenue
  • Assuming your entry price is 400$ post split, it will take 14.4 years to get your investment, and how long did it take for Ford and GM to completely die, and Tesla get their 100% of market share? lets say 10? So 24 years into the future you are looking at being ā€œevenā€ at a ludicrously best case scenario.

And people will start saying ā€œtesla is more than a car companyā€ and point at almost non existant solar revenue, so I am too lazy to add more calculations into how tesla will ā€œzeroā€ other energy companies as well.

And no neither fossil fuels, nor solar is the future. Countries investing heavily i.e Germany, learning this the hard way. Not a single scientist backs up a sustainable completely solar energy production model. (Unless we build the solar panels outside of atmosphere or may be a dyson sphere but we are centuries away from that technology if not millennia)

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Well said Kali, lemmings gonna get smoked.

Thanks for keeping my value stocks down though buying this junk. Fill my duffles when the market corrects.

Whoā€™s to say we canā€™t just put carbon in the ground and keep using fossil fuels. Natural Gas will defo be here for the long run

Price dropped as it didnā€™t get into snp500

Just put in an order to buy more even through Iā€™m down Ā£30,000 in a week. Will post a link in the YT topic so guys can see my thinking during these times.

Sheesh, chill man.

One can easily rebuy same stocks in invest account at same price they would be sold on ISA. No damage done.

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Mate take it easyā€¦

You force sold at 17.90$, buy at 17.90$ loss minimal if any.

Ps flagged for spam

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