Reply With QuoteOriginally Posted by mr noble
ahh a fellow "Jonah"...... pleasure to meet you Sir.
Yes difficult weeks, goes to show how important it is to diversify and hedge. I have seen quite some volatility in the daily results but have actually not lost money since the beginning of February (and have missed the explosive TSLA put gain because of the coordinated buying at $610 last week).
I have killed most of my momentum stock positions, have sold TIGR, KOPN, INO and have reduced others (PRTA, ACTG, QCOM, IAC and CWH). In order not to be left without equity exposure if the market jumps back into bull-mode, I have accumulated lots of cheap SPACs in the $10 range. While there is no guarantee for these stock not to dip below $10 (some have already), the risk/reward is still asymmetric and I see them as some sort of cheap call options for a recovery. I got hit plenty on my bids at $10 plus pennies in IBER.U, THCA, THBR, ACAC and NGAC. Willing to buy more if and when. Also have bought APPH for less than half its price from two weeks ago.
On the other side, TSLA puts paying nicely over the past days and am looking to book some profits before the weekend (maybe a third).
Re THCA: bought some at $10.03 yesterday. After hours it traded back and forth between 10.02 and 10.10. Better ask HL what's up, nothing wrong with the stock.
ahh a fellow "Jonah"
I just called the trading desk at HL and they said there's an issue that they're aware of and they think it'll resolve itself at 14:30 when the US market opens.
I expect it'll open at or below $10 though. So my hopes of a merger announcement were incorrect.
What do we reckon with TSLA today once the regular market opens, smashing through into the 500's or rebounding up toward 700's?
I’m about to sell my BP, from that I would have funds to buy 1 Tezler, really is red or black and spin that roulette..
I'm short, you're long, the casino is open!
What’s the view on oil, as I know we had some fellow CRUD holders on here, I bought in at the height of the mayhem and have held on since?
Demand is clearly going to pick up when economies reopen, but so should production.
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Not sure of the oil outlook but my BP have been in the red since I bought them last June, I can almost get out all square now and really tempted as I have had enough of them..
Just closed a quarter of my Tesla put position and my trading account is at an all-time high. Such are the benefits of diversified/hedged investing.
another rough day, down more in INO than I have made on all the other shares to date. Choose the wrong one to do my biggest trade on!
Dont think its worth selling now, just will ride it out and hope it goes up at some point
Well done Raffe - Tesla taking an absolute kicking. A lot of people going to be feeling the pain.
wow TUMBLING tezla TIME...how low will it go...
Even at $500 it's way over valued; when it get below $100 common sense has returned.
SMT following TSLA down ... now nearly 30% off it's peak.
To be frank every single tip I've taken on this thread has been a stinker to date which just shows how hard it is to get this right. I've taken a bit of a battering this week and have liquidated a couple of the SPACs at a loss today. I've recalibrated my monthly savings to go into a global tracker at low cost, same with the cash remaining in the account and will let the non tracker funds and SPACs ride. Quite a lot is in Argo and I'll leave that as sure as eggs is eggs BTC will pump again one day.
Seems to me the star funds outperform the trackers because of the riskier stocks in there that pump when times are good. When the markets are less bullish they underperform the trackers. Net result - same overall performance as the trackers minus the large fees you paid to the fund manager. So I'll bear that in mind next time :)
TSLA bag holders gathering being quickly organised.
I sold out what little I had of SMT in June 20 as I thought it was a bit frothy, would be nice if it got back to the 759 I sold at and I won’t feel so bad about missing such a run up.
Tesla was @ $85 just 12 months ago. A way down to go yet I would think.
TIGR down 20% since market opened, what a day lol
Whats happened since 2.30pm?
Well that was a "sensible" level ... I don't think it will go near that but I would welcome a return to boring markets driven by fundamentals ... a way to go before that returns.
A few chancers getting their fingers burnt will help to cool things off a little.
carnage...
I think it's only the beginning.
Was short 50 puts, sold 20 of them so far at 570 and 550. What a day.
Someone who lies about the little things will lie about the big things too.
Buying back some Tesla puts at half the price I sold earlier.
Someone who lies about the little things will lie about the big things too.
Glad I sold that in time...
Meanwhile EYES was up 550% at one point :D
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I wonder if we'll see a final round of weakness for our favourite EV maker?
I think we have a fair chance to close at $570 or thereabouts?
The power 'sell' hour? xD
Well, the late selloff never happened. I am somewhat miffed that IBKR went down five minutes before the close, was actually going to sell some more puts at the close. Hmmm.
Maybe it's good for something, now I remain very short Tezzla over the weekend. We shall see what Monday brings.
I have sold all of my remaining momentum stocks during the recovery rally this evening. no more ACTG, BBIO, APPH (already sold the rest earlier).
Now I only have a load of $10 SPACs and a handful of long-term holdings (have even reduced position size with those) and lots of cash.
Ready to look at new opportunities next week.
Bull trap.
I’ve had the worst week of my life in investing terms.
Turns out, the riskiest thing I spent money on this year, a McLaren, has turned out to be my safest investment.
Sadly, the wife didn’t think I was being serious when I told her that earlier.
really sorry to hear that... It's been a horrid week
Which model did you buy?
Harsh
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It does sound like you dumped nearly all your chips onto SMP and Bitcoin. Hindsight is wonderful but it wasn't massively unexpected that either or both might run into headwinds. I've had a Chinese burn from my paper silver holdings personally but have learned the hard way to not over concentrate on any one investment.
Last edited by Padders; 6th March 2021 at 08:23.
Sell the car and buy the dip?
Even if you were highly diversified it's been a bad week, at least for the non pros amongst us. Shorting does not feature in my skill set.
Doing nothing is still an OK option.
My 2 year old daughter would prefer that vehicle. She calls my new toy....”Dada’s silly car.”Which model did you buy?
Maybe a drive tomorrow will make me feel less beaten up.
Superb car, love the color!My 2 year old daughter would prefer that vehicle. She calls my new toy....”Dada’s silly car.”
Maybe a drive tomorrow will make me feel less beaten up.
Great how kids react to cars. My Daimler Century is luxury on wheels, my 3 yo daughter hates it. My 36 yo Porsche -inherited from my dad who bought it from his mate 20 yrs ago when the guy emigrated - was in storage for the last 3.5 months and I'll be collecting it tomorrow and fit the newly upholstered seats (one crap seat from a breakers yard is currently mounted...).
She'll definitely want to go for a ride in it. Usually she falls asleep within 10 mins. in that old, smelly and noisy, car.
I think the old Porsches are great investments and fun btw.
Not my type of car, but I bet it's fun to drive.
My daughter (six) has already decided that she will get my old 987 Boxster when she is old enough to drive. So that's that.
Meantime, in electric Autoland.
My 6 yo son wants the Daimler cause "it smells so good when you start it in the morning, dad". Those lovely exhaust fumes...
Nice cars these 987's.
Last edited by Bernard; 6th March 2021 at 11:00.
Private investors in Maclarens, us managed Sipps in MX5s, the world is alright, it's back to normal
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No Tesla from the bankruptcy sale as an interim run around then?
As tempting as that sounds, I prefer quality cars where the roof is properly attached.
Someone who lies about the little things will lie about the big things too.
I sold a BTL property in summer. Put half the cash into HL share account (after maxing mine, daughter’s and wife’s ISAs) and bought the McLaren with the other half.
The way I’m seeing it now, if I’d not bought the McLaren, I’d probably have lost 25% of that money too.
Hence saying it was the safest bet I’ve made all year.
The car is quite likely to kill or maim me though, if the wife doesn’t do so when I tell her how much of our mortgage money I’ve lost.
If you've ever owned a TVR you will have had near death experiences daily so a Maclaren would feel like a Range Rover*
*Possibly
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Looking at this graph with hindsight, it does seem utterly bonkers to have bought in at 1300p.
However, at the level it’s at now, it’s looking like a good time to buy in. It’s currently trading at 12% below its NAV.
Only if you think we’ve seen the worst of the fall in its holdings. I’m not convinced.
Benji would know.
Someone who lies about the little things will lie about the big things too.
Mate I know it is stressful but hang in. You have 15 years minimum until retirement. It'll be back up; down, up, down and up again by then. I wish I'd hung on to all the stock I liquidated last year and that has now pumped (Lloyd's, Microfocus, IAG).
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Last edited by ryanb741; 6th March 2021 at 12:33.
Noticed Moderna (vaccine) share price has risen 379% in the last few months
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