The Rokslide Stock Traders Thread

[Beendare]

I look at the top gainers and just about every day there is some obscure penny stock that up between 100%- 300% and I think dang, why didn't I jump on that?

Then I do a little research and its;
1) some phase 1 drug trial that looks promising...and its going to be 3 more trials over a decade before they even have a drug.....and thats still a big maybe.

2) some quantum computing company [there are hundreds of them] whose quantum computer was faster than some mega terabyte unit.......but they don't tell you how unstable the thing is and it cannot be relied on to store any kind of important data...which is pretty much what any of the Fortune 500 companies have to have- stability and thats a long ways off for Quantum.

Then I think, No way I would have rolled the dice and put serious money in one of those dink companies........But I keep looking....

 

[Andrew12gauge]

I don't see anyway in which Tesla is not completely cooked. If you were to toss out factors such as expired EV credits and the sudden decline in international sales (not to mention the reputation of the brand itself which is probably not coming back from recent events), how expensive it is the insure a Tesla in the US (not often mentioned), the failed self driving initiative, the existing 37 recalls on the model recently showcased at the white house, etc, you might still consider that Musk has a unknown amount but reported "significant" amount of Tesla shares leveraged as collateral. He borrowed about 13 billion to buy X. If the Tesla stock prices go low enough, the banks could force Musk to sell his shares. Seeing that Musk owns 12.8 percent of the company stake, depending on how many shares Musk were forced to sale to cover his personal loans, could be the nail in the coffin for this company. And that is in addition to the general climate of overvaluation of Tesla stock.

Of course, that could just lead to a short term windfall for Tesla and it could be the case that the company being seperated from Musk may benefit the company long term, IF there is even a long term. Practically speaking, a certain percentage of Americans with a certain political persuasion aren't going to buy more Teslas anytime soon to any significant extent. Practically speaking, other Americans of a certain political persuasion have not purchased Teslas or any other EVs in the past to any significant extent. In some sense, the consumer group who could "save" Tesla would have to change their minds on EVs, be willing to suck up high insurance costs and potentially risk vandalism all out of a philosophical imperative to drive a vehicle that they, so far, have made clear that they have no intention of driving.

I'm sure there are some folks who will make money of the current climate of Tesla. I dumped my Tesla stock back in January out of philosophical imperative at a 58% profit and won't ever buy it again. That's me, that's my perspective. You do you.

But Tesla isn’t just a car company, I mean they own spacex and Twitter too right *Sarcasm


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[intunegp]

I look at the top gainers and just about every day there is some obscure penny stock that up between 100%- 300% and I think dang, why didn't I jump on that?

Then I do a little research and its;
1) some phase 1 drug trial that looks promising...and its going to be 3 more trials over a decade before they even have a drug.....and thats still a big maybe.

2) some quantum computing company [there are hundreds of them] whose quantum computer was faster than some mega terabyte unit.......but they don't tell you how unstable the thing is and it cannot be relied on to store any kind of important data...which is pretty much what any of the Fortune 500 companies have to have- stability and thats a long ways off for Quantum.

Then I think, No way I would have rolled the dice and put serious money in one of those dink companies........But I keep looking....

There's money to be made but you have to have ice in your veins. I made close to $10k (500%+ return) on a biotech penny a couple years ago, and instead of taking my profit and being happy with that I bought back in and what turned out to be just about the all time high for that stock. Held on to hope and rode it all the way down because I still had some sliver of belief in the product but it has done nothing but go down. I still own it, and the -99.99% position with a cost basis of $9k and a market value of $1.15 is my daily reminder not to get greedy and cut my losses when common sense says I should.

 

[go_deep]

There's money to be made but you have to have ice in your veins. I made close to $10k (500%+ return) on a biotech penny a couple years ago, and instead of taking my profit and being happy with that I bought back in and what turned out to be just about the all time high for that stock. Held on to hope and rode it all the way down because I still had some sliver of belief in the product but it has done nothing but go down. I still own it, and the -99.99% position with a cost basis of $9k and a market value of $1.15 is my daily reminder not to get greedy and cut my losses when common sense says I should.

Yeah, dropped about $3k into a penny stock a few years ago, went up to about $16k, thought, it's going to the moon! After a couple years now it doesn't even sell a single share mist months, I sold it last December for a $3k loss for a tax right off...

 

[mighteywhitehunter]

Sold some stuff today and have a little less than $1k sitting here. What are people's thoughts on the best place to re-invest? I am thinking Apple or Amazon for long term?

 

[MarkOrtiz]

Which ever one you believe in more. Or just throw it in S&P 500 and ride it out long term.

 

[CorbLand]

Sold some stuff today and have a little less than $1k sitting here. What are people's thoughts on the best place to re-invest? I am thinking Apple or Amazon for long term?

Either would be fine long term.

Personally, I would look at Apple. This would be solely based on the opportunity that AI is providing and that it is likely to produce a better return.

Apple will spend more than $500 billion in the U.S. over the next four years

Apple today announced plans to spend and invest more than $500 billion in the U.S. over the next four years.

www.apple.com

 

[Danny Hoey]

Sold some stuff today and have a little less than $1k sitting here. What are people's thoughts on the best place to re-invest? I am thinking Apple or Amazon for long term?

At this point, I would almost just chase some dividends around. Stick and move.

Or Voo it and call it good.

 

[eddielasvegas]

There's money to be made but you have to have ice in your veins. I made close to $10k (500%+ return) on a biotech penny a couple years ago, and instead of taking my profit and being happy with that I bought back in and what turned out to be just about the all time high for that stock. Held on to hope and rode it all the way down because I still had some sliver of belief in the product but it has done nothing but go down. I still own it, and the -99.99% position with a cost basis of $9k and a market value of $1.15 is my daily reminder not to get greedy and cut my losses when common sense says I should.

A lessoned I learned in early 2000 that pigs get fat and hogs get slaughtered.

I stopped kicking myself in the azz about 10 years ago so you've got a while to go.


Eddie

 

[mighteywhitehunter]

Either would be fine long term.

Personally, I would look at Apple. This would be solely based on the opportunity that AI is providing and that it is likely to produce a better return.

Apple will spend more than $500 billion in the U.S. over the next four years

Apple today announced plans to spend and invest more than $500 billion in the U.S. over the next four years.

www.apple.com

Thanks, I moved into Apple as I write this from an Android. Haha!

 

[KSAaron]

I’m buying


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Just bought Tesla today


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[eddielasvegas]

Just bought Tesla today


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Brave, brave man.

I'll be a buyer when it gets to its price around this time last year.


Eddie

 

[SWFLhntr]

I’ll wait for a few more fire bombed dealerships.

 

[Beendare]

I bought some BTU for a trade this morning....kind of a flyer for me.

Trump announced it's OK to use coal for power plants. I dunno how much of this will actually happen....I'm just assuming a pop. It's already up a couple %. I probably should have bought an option instead.

 

[mostlybirch]

Brave, brave man.

I'll be a buyer when it gets to its price around this time last year.


Eddie

Jp Morgan dropped its price target for TSLA to $120 so that may be about right

 

[DapperDan]

XRP court case coming to an end. Nice pump this morning. I took pt and sold when it topped out.

Most likely back down it goes. lol

https://twitter.com/x/status/1902345706636992720

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[BBob]

Jp Morgan dropped its price target for TSLA to $120 so that may be about right

I take those valuations with a huge grain of salt. If you follow the pricing they spit out (not just JPM) it's almost always market manipulating BS. It may go there but in order for TSLA to dump to that level it'll take something big or multiple somethings big to get it there. Lots of good support at multiple levels to break through. Places to watch (below where we are now) are roughly 200-175. Big volume has happened at the 175 level so there would likely be a fight if we go there.

To add: I saw a couple of marketers shooting out copy today as to why now might be a time to buy TSLA. Go figure

 

[mostlybirch]

All it takes is for Tesla to be valued like any other auto manufacturer, its held up by hype and cult of personality.

 

[MountainTracker]

All it takes is for Tesla to be valued like any other auto manufacturer, its held up by hype and cult of personality.

Except it’s not just an auto manufacturer.

But hey if it dips I buy. Actually been buying everyday


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[mostlybirch]

Right, its robo taxis and robots and tunnel boring machines and flamethrowers and bitcoin. But like 82% of revenue is from automobiles.

Even with the cut TSLA has taken over last couple months, it is still valued more than GM, Toyota, Ford combined, curious why you think it is still undervalued?