Boiler Room: The Official Stock Market Discussion

Double Burger With Cheese

Veteran
Supporter
Joined
May 6, 2012
Messages
26,663
Reputation
16,541
Daps
157,613
Reppin
Atlanta
do you think tesla will have another big drop down the road? or it will cross $500 and continue up?

First off, don't take my advice cause I don't know what I'm doing :pachaha:

But it seems like it's ready for a downtrend, so I would wait till it got back in the $300 range. I don't see it going too much past $500 and sustaining. But I'm looking at it from a swing trading standpoint. Wait for that bytch to dip back to the $250-$300 range, get like 100 shares, and sell them hoes when it hit like $350 again.
 

winb83

52 Years Young
Supporter
Joined
May 28, 2012
Messages
46,212
Reputation
3,914
Daps
70,002
Reppin
Michigan
do you think tesla will have another big drop down the road? or it will cross $500 and continue up?
Until Tesla can consistently post profits expect it to drop again. It's a company people are skittish about. When good news comes there's a huge run up and when bad news hits people run for the hills. Many of the people investing in it don't fully believe in it they just wanna be around for the next "Amazon" and hope Tesla can be it.

I won't buy anymore right now because I don't have the stomach for the rollercoaster that stock is. If you're buying you should be looking at the very long term. Of course short term gains like the run its on would be tempting to sell but this is really only a stock people should be buying for the very long term.

Right now electric cars aren't even 5% of what's out there so if Tesla will be the dominant company in that category the upside is far more that what we've seen in the last few months. Of course to get that far you've gotta be willing to possible see your position lose maybe half its value if another rough patch is hit.
 

Consigliere

Superstar
Supporter
Joined
Jun 15, 2012
Messages
10,595
Reputation
1,851
Daps
37,207
I finally unlocked my Schwab account again...

Time to get busy :mjlit:


I'm looking to short the hell outta these insurance companies in case Bernie becomes president

Good idea or nah?

Betting against the status quo or against insurance companies ability to manipulate the process in their favor seems risky. Unless you have some money to burn.
 
Joined
May 8, 2012
Messages
3,960
Reputation
950
Daps
8,301
Reppin
NYC
Oil markets really discounting the potential for any hormuz fukkery. Expected a 5% move on that news at least...
 
Top