TSLA stock
Ever since Trump was elected, Tesla stock has been rising, from under 300 to over 450. So I figured I'd make some easy money and sell some $400 puts. I got about $4, for 6 contracts it was over $2,000. Someone bought those puts. Then, I see pictures of the cyber truck on fire in front of a Trump hotel. Obviously the guy wanted to hurt Trump and Musk. The stock dives below $400, and my puts soar to over $30. That's bad for me, I'll have to buy 600 shares at $400 when it's trading close to $350.
But then, within a day, Elon gives the FBI video from the truck, he unlocks the truck for them. We learn the battery didn't catch fire, the truck didn't blow up, Elon then said they were going to repair the truck! A truck used in a bombing, Elon is going to fix it. Yesterday, TSLA gained $31, closing at $410. My puts expired worthless! I think about the chump who bought my puts. His $4 puts rose to $30, I'll bet he was happy. But, then he lost iTesla. Ha ha ha!
Buy TSLA if you're afraid of bitcoin. It's $410 now, almost certain to hit $500 this year. Remember how Apple wouldn't help the fbi unlock terrorists' phones? They wanted to protect terrorists' privacy. Such a difference between gay-lgbtq apple and tesla.
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last commentI've made good money on TSLA, but it's basically a meme stock. A public blowup between Trump and Musk would be worse for TSLA than a Cybertruck catching fire and incinerating a city block.
I'm afraid of what BTC will do when Trump loses interest in it. He's mercurial about things like this...he takes a shine to it then eventually something else gets his attention. Not to mention, Cramer thinks BTC is a buy and he's a chronically wrong dipshit. I'll buy after it takes its hit and the government goes back to trying to inflate its debt away.
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I was down over 50% in bitcoin before the recent run up. I had lost so much, there was no way I was going to buy more. But it has always had big crashes after the huge rises, so there's that. I haven't paid any attention to Cramer for years. Hearing that Cramer calls it a buy is worrisome. I totally disagree about Trump being mercurial, it seems to me he's been pretty consistent.
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I’ve owned Tesla for over three years, it’s a buy and hold for me. Trump being for or against it, means little to me in my investment decisions, I’m waiting to see if SpaceX goes public, right now it’s privately held, but if you’re an accredited investor you can buy ARK Space Exploration, one of the hedge funds controlled by Cathy Woods, she has a pretty good stake in Space C
Bitcoin is a gamblers play, if you have a lot of money you could put 50K on black in a casino game of roulette. That not my style of investing. But if it’s your own money, go for it.
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^ not space c Space X.
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"I was down over 50% in bitcoin before the recent run up. I had lost so much, there was no way I was going to buy more"
Not just BTC, they say stocks go up on an escalator, down on an elevator. Obviously they've never been in biotechs, when up elevators are common (based on clinical trial results).
"I haven't paid any attention to Cramer for years. Hearing that Cramer calls it a buy is worrisome."
How anyone takes him seriously is a mystery to me.
"I totally disagree about Trump being mercurial, it seems to me he's been pretty consistent."
He's mercurial about EVERYTHING. Maybe he'll actually carry through on crypto? Wouldn't be the first thing he starts but doesn't finish.
"I’ve owned Tesla for over three years, it’s a buy and hold for me."
I may need to liquidate some stock near term, but I think long term it's going up.
"she has a pretty good stake in Space C...^ not space c Space X."
LOL I thought there was a competitor I didn't know about...
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Rivian for your buy and hold.
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I’ll start by sayin’ that Teslas are quality products. Well…not the cybertruck. Only giant frickin’ douches drive cybertrucks.
Hell, the last time this lion saw someone driving a cybertruck the driver had a nozzle on his head that was squirting out vinegar and water. At least that’s what I think happened. I was in a bit intoxicated on my drivin’ whiskey, so who the fuck knows what really happened?
But I digress…this thread is about investment advice. This rick doesn’t take investment advice from demented perverts, although they are sometimes correct about thing. Y’know…sorta like how a broken clock is right twice a day.
But I worry about the OP because I think he was the weirdo pervert that was all into Hawk Tuah coin. In fact, I think he said that he wanted to blow random guys in an alley to make extra cash to invest in the Hawk Tuah coin. I don’t think he’s a reliable source of investment advice. ROAR!!!
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^^^ lol…
Bacon!!
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Well, you were right about Bitcoin hitting 100k by the end of the year.
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Don't believe in short term stock trading. It's gambling, pure and simple, and you're at the mercy of professional analysts who benefit from information that isn't available to punters. I do believe in buying and holding stocks, and I bought a decent chunk of TSLA in December 2014 for a (split adjusted) price of $13/share. I wouldn't consider buying it now at a PE ratio of 112, and would unload it if I wouldn't get killed with capital gains. So, I've been donating dribs and drabs of it into a donor advised fund, where I get a charitable deduction for the unrealized appreciation as well as the initial investment. Sure hope the reconciliation tax cut bill that is inevitably coming down the pike later this year doesn't eliminate this phenomenal tax benefit that is available to ordinary investors
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Tesla is a growth stock without any growth
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This new administration is ata crossroads where they’ve promised tax cuts but will raise tariffs in order to offset revenue that the government needs to runs its operations. When interest rates rise to counter inflation, the only people who will benefit are the cronies owning big business. The lower and middle class will get stuck with paying for higher costs and take home the same from their paychecks, and the same goes for small businesses. Trump will claim victory and make so much noise accentuating his accomplishments to drown out all criticisms, just as always. The fact is being a bully is no way to govern . The only effective thing he did in his first term was the tax cuts but he may find it difficult to extend them. Even if he does, most stocks will become stagnant with higher interest rates, especially any tech stock like Tesla. With over 250 years of capitalism entrenched in our history, trump taking credit for anything he did in his first term is completely gas lighting America to believe anything that gets fucked uo in his second term will be blamed on prior administration. The guy can’t govern, and the majority of inflation tye past 3 years can be pin pointed on his policies from his first term. There is such a monetary lag with inflation I had to laugh when pundits blamed Biden, but so goes politics.
When investments begin to stagnate due to stagflation in the coming years, trump will be long dead to hear any criticisms of his failed governance. We may be entering a new period where holding treasuries on the short end less than 5 years is the smart bet, but dollar cost averaging will pay off for long term investors, except that will need to be over 10 years to see that payoff. Boomers will not be happy with the next decade of investing, especially in tech.
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OMG, you need to stop watching msnbc. I don't agree with anything you said.
"The fact is being a bully is no way to govern".
Wrong. It's the ONLY way to govern.
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