$Tesla (TSLA.US)$ Another nice trading day, in the face of T...
$Tesla(TSLA.US$ Another nice trading day, in the face of TSLA shorters all pushing towards the 250 or even the 200. I understand that, if you don’t know a company in deep, much better don’t buy it… Much more risky shorting it, especially when you talk about the most profitable and fast growing car comoany in the world. OVERVALUED? By standard parameters, probably yes… but under the same parameters, the rating agencies should already have downgraded the most part of traditional car maker who WON’T be able to pay back their huge debts (Tesla has none) due to crashing sales (-20% while Tesla grows 70%). That said, classic evaluation cannot consider the disruptive growth and innovation that characterizes Tesla. That does not mean it cannot be projected and expressed in verifiable numbers and trends to understand if a price is worth it and it potential increase. The caothic general economy and the confusing politics do not help, so TSLA will have its ups and downs, but the long and mid term trend is undoubtedly very positive. In other terms, it is a conjunctural volatility, representing multiple potential gains: that’s where you make the most money, apart from holding and trading your long term portfolio 2 or 3 times per year.
In this phase I’m holding TSLA and day trading TSLL, but ready to trim (yet at profit) and build a relevant position in SPXS if the SPY shouldn’t hold the 390 zone. Just enough to compensate TSLA lower value and not get stressed. Hope it won’t be necessary anyway.
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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TeslaSmurfOP : Bought 22,10 Sold 22,81
bwjx : you can start spxs soon.
TeslaSmurfOP bwjx: Maybe tomorrow morning, who knows… Still hope not, but READY anyway.