Investing

So glad I own TSLA!!!

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  • Oct 25th, 2020 1:49 pm
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Deal Addict
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Apr 30, 2012
2936 posts
2509 upvotes
Montreal
Congrats!!
I hope you own 10 tons of TSLA!! :cheesygri
What does After Hours mean? People still buy/sell after the market has closed?

virtuman1980 wrote: Haha...pretty interesting fellow indeed...but it was this persistence/stubbornness of his that got him the positive result in the end.
datako wrote: ... Although, I'm a little surprised you went against what everyone advised ,op. You've got balls and absolutely crazy at the same time to do this.
Member
Nov 6, 2012
229 posts
41 upvotes
AB
Bought a couple grand worth during the day banking on a nice report...kicking myself i didnt grab more!
Deal Fanatic
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Nov 23, 2005
8483 posts
4306 upvotes
bgallagher wrote: Congrats!!
I hope you own 10 tons of TSLA!! :cheesygri
What does After Hours mean? People still buy/sell after the market has closed?
Yes, there is always before/after market trading.

Earnings are normally announced before markets open / after they close. Looks like TSLA had good earnings reports which is the reason for the aftermarket spike.

--Tesla posted its first quarterly profit, of $11.2 million, zero cents a share
--Company expects to deliver 21,000 electric vehicles in 2013
--Most shipments will be to customers in North America, Europe
Deal Expert
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Dec 11, 2005
19192 posts
1687 upvotes
I think Tesla is a good company but the P/E ratio for this stock is insane given it's sector. It's being treated like a tech stock since it's founder is a tech titan and everyone in the Valley follows it - but it is not a tech stock, it is an industrial. Its simply impossoble for Tesla to grow at a rate to warrant this kind of P/E. How many people outside California drive a Tesla?
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
[OP]
Deal Addict
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Feb 9, 2012
3742 posts
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Toronto
Sell now or keep? Not sure if there is any more upside to it.

On the negative note, I lost $35K on RIM...
Sr. Member
Mar 19, 2010
918 posts
104 upvotes
Markham
cessnabmw wrote: Sell now or keep? ..
It's always a difficult decision when it comes to selling.

The following firms have issued an update to the stock.

* Tesla Motors : Baird raises price target to $70 from $62; rating outperform
* Tesla Motors : Jefferies raises price target to $70 from $68; rating buy
* Tesla Motors : Goldman Sachs cuts to neutral from buy
Deal Fanatic
Jun 27, 2007
5444 posts
1866 upvotes
At 70 bucks, I'd take profits. It's a good story, but it went too far...
Deal Addict
Feb 26, 2012
2039 posts
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MISSISSAUGA
+1

Bought at 34$ in Feb somewhere, double my investment in less than 6 months :D

What do you guys think? Will it keep going up?

I am guessing it is going to drop a bit again and might grab a few more when it does. My investments are small compared to others but they seem big to me :P
Deal Fanatic
Mar 6, 2004
9318 posts
203 upvotes
dlhunter wrote: At 70 bucks, I'd take profits. It's a good story, but it went too far...
I'm guessing there were a number of people betting big on a medicore (or worse) earnings report - and the huge increase was due to 'short covering'.
Deal Addict
Feb 26, 2012
2039 posts
386 upvotes
MISSISSAUGA
78$ today.

How much higher are they gonna keep going?:

I want to buy stock and keep thinking they will drop a bit one day but at this rate I am thinking I should just go in now
Deal Fanatic
Jun 27, 2007
5444 posts
1866 upvotes
Not much, it will rest in 65-75 range.
BOT May 67.5P SOLD May 65P in a 1/3 ratio for $1.7 credit. Max gain $4200, break even $63. Impl vol is rich at 112%, love it!
Deal Fanatic
Jun 27, 2007
5444 posts
1866 upvotes
Crzyrio wrote: 78$ today.

How much higher are they gonna keep going?:

I want to buy stock and keep thinking they will drop a bit one day but at this rate I am thinking I should just go in now
If you must own this stock, sell puts. Let's say May 70P goes for $2. If you're exercised, your price will be $68 (strike price minus premium received).

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