Raffe, thanks for that and I'm happy to see where it heads over the next few weeks as it's an affordable risk. I don't comment often so will take the opportunity to say I've appreciated you sharing your knowledge and thoughts on the thread, as I have others who are well informed (although I still have a complete aversion to crypto currencies despite the 'to the moon' price).
+1 to the above...all very much appreciated
I also got some INO, almost sold at a small loss last week when it peaked again but left it (maybe a mistake). I Will just wait it out and see what happens does seem to just be heading south. I am very new to this but the markets seem all over the place, some quick wins but also some huge losses. I don't have the money or time to invest heavily at the moment.
SMT and BTC will go back up again. I'm holding and just not looking at the portfolio for a while. I'm tempted to buy more Argo. Tesla is hardly getting routed, unless folks here consider a 20% drop in a couple of weeks a 'rout'? And SMT is just at the point it was in Jan. It'll rose again sure as eggs is eggs. One day this week it'll rise 10% in a day I reckon.
Sent from my SM-G950F using Tapatalk
Lol...'a while' in your case is 8 minutes Ryan!
A volatile last few days
Just found this: a reddit thread about shorting Tezzler. I think he is spot on.
https://www.reddit.com/r/thecorporat...la_best_trade/
Lost my nerve this morning with ITM and sold my holding at a 3x exit. Rolled a bit into IAG hoping to catch the recovery momentum and gonna take the rest of the profit out
Sent from my SM-G991B using Tapatalk
Can't seem to short on IG (regular) or HL (SS ISA). Maybe shorting is just for the CFD/DFT accounts?
I think my comment about INO was clearly the kiss of death as it's heading downwards quickly
Tesla option up another 140% today. Nice.
CCIV
Dropping like a led balloon
A lot of people will have got burned.
Good example, Not all spacs pop on Confirmation.
Sent from my iPhone using Tapatalk
Ouch. At least Acacia Research is making a little money.
Not for the first time in this thread I find myself thinking of Milo Minderbinder and his eggs in particular.
There was an article in The Times a few days ago, reporting Tesla made more from its 1.5 billion punt on Bitcoin in January alone than it did from the whole of 2020 selling cars (edit selling carbon credits) surely for a company that's supposedly worth 700 billion dollars or the 5th highest market cap stock in the US,would send alarm bells ringing and that something is seriously wrong with Tesla valuation.
Why do you think Tesla ran out of steam?
I guess Elon is no longer the Alpha Wolf when it comes to richest man. Bezos will have taken the honours?
Sent from my SM-G950F using Tapatalk
Best guess for the average price for Tesla's bitcoin position is about $38k - which would mean that their profit on that was bigger than all combined profits from selling cars (about zero) and sale of emission rights since the company was founded. However, due to their accounting policy, they cannot book gains on that position until it is realised, but have to writeoff as soon as it falls below purchase price. At the lowest point today, that was only about 15% away. So the bitcoin bet may actually become Tesla's biggest problem.
The other problems are well known: crashing market share in Europe and China, no growth, quality problems, callbacks, accounting fraud, looming legal cases because of FSD and also this and this.
I wonder what would happen if it turned out in their next filing that Tesla had sold all of their Bitcoin.
So its currently down 25% from it all time high ($900),Am I right in saying that a lot of Robin Hooder traders/reddit trades/Tesla fanboys etc mostly buy Tesla shares on leverage (is
the standard 10 x leverage?)either Margin or puts/call options so a lot of these people will be starting to sweat or are seriously screwed as there positions get closed and this will push the price down further and further ?
I think it will take a little more downside before the big forced selling begins. Don't think 10 times leverage is what the YOLO traders do, the aggressive ones are sitting on call options which will soon lapse worthless (which is probably the first time they experience that).
Once Tesla is below $500 there is no stopping, $420 looms large.
Someone who lies about the little things will lie about the big things too.
Loading up TSLA $500 puts.
Someone who lies about the little things will lie about the big things too.
BUY NOW. Don't ask. Buy (not Tesla).
Quite a recovery from TSLA today, which is annoying.
Somebody bought 35,000 $700 FEB26 calls when the stock was in free-fall around $610. They bet $30 Mio on that Tesla will be $100 higher in three days. Elon?
Congress would better spend their time examining that kind of market manipulation than going after Roaring Kitty.
Disclosure: cost me $50k. I am furious.
Not good...sorry to hear that
Wouldn't be surprised, he really does seem the type. £30m for a 3 day bet during free fall is worthy of investigation.
On a separate note I just saw this and can't belief what the Robinhood kids are doing.
https://www.instagram.com/p/CLPrnj8Aj1w/