Short term I have no idea tbh. Long term company is still a beast, just holding. Of the saas companies that I like I've been adding asan at $66-$69 based on ceo still buying shares. He's bought as high as $100 and looks like he's going to continue buying with his FB money.
You’re probably better off just watching the change from a debit transaction round up/down into the old school “savings” account and just living with the .08% gainz at this point.
I'm personally not adding anything to the market right now. The volatility is absurd at the moment. Keep it as cash and wait to see what happens. The market is still going crazy from Omicron and now the Reconciliation Bill looks like it wont pass so lots of industries are taking huge hits. Sometimes its nice to look at a savings account and know that the number isn't going to tumble the next day.
because of the hi volatility, a couple days ago sold 10-pt bearish CALL spread on AAPL, Mar exp collecting a premium of $5.2, which defines my max risk to be 4.8 today, sold a 10-pt bullish PUT spread on TGT, Jan exp collecting a premium of $4.7, which defines my max risk to be 5.3 altho AA was down a tad during yesterday's market meltdown, the uptrend is still intact. the rising 20 dma has broken thru the resistance at 50 dma sold a 5-pt bullish PUT spread, collected a premium of $2.1 which caps my max risk at $2.9
@CXbby can you provide insight into tesla's free fall.... you are here during the good times to remind us of your richness, but can you also come in during these times..just to balance it out..
I made 100x on Tsla. It’s going to take more than a -20% “free fall” to make me blink lol, your first rodeo? Also nicely hedged with rivn shorts!
Stocks Climb on Strength in Chip Stocks https://www.barchart.com/story/news/6753896/stocks-climb-on-strength-in-chip-stocks AEHR up 16% today off another customer order for more of its silicon testing systems.
-20%, -30%, -40%, anything is possible when it comes to short term volatility. But when it comes to investing I can’t think of a better long term hold to buy every dip in when you look dominant market leaders, growth rate and size of addressable market. Other similar sized stocks are established companies in saturated markets, slowing growth. Smaller stocks are not yet established, risk of failure and going away forever. Nothing offers the combination of safety and growth prospects.
Ya we understand you made money on tesla. a lot of it. we got it. i was asking about the recent free fall. current events.
