A most regrettable miss last year that I hope not to repeat this year
There have been a number of investment mistakes last year that I hope not to repeat this year, but my most regrettable miss last year was $Tesla(TSLA.US$ after I procrastinated too long and missed the boat when the stock plunged to as low as $102 early last year.
With growing global awareness of climate change and increasing tightening of emissions control by countries plagued by pollution, I've been optimistic of the electric vehicle industry in general and especially of Tesla in specific, given its technology leadership, first-mover advantages and market dominance.
At the same time, I was overly concerned over its rich valuation and was hoping for the stock price to fall below $100 before I would buy into the counter. However, the stock has proved to be resilient and recovery from its bottom has been fast and furious.
I'm not expecting Tesla's share price this year to revisit its historical low, and I'm standing ready to initiate a long position on the counter if it were to drop below $200 this year, and own a small piece of the EV maker.
With growing global awareness of climate change and increasing tightening of emissions control by countries plagued by pollution, I've been optimistic of the electric vehicle industry in general and especially of Tesla in specific, given its technology leadership, first-mover advantages and market dominance.
At the same time, I was overly concerned over its rich valuation and was hoping for the stock price to fall below $100 before I would buy into the counter. However, the stock has proved to be resilient and recovery from its bottom has been fast and furious.
I'm not expecting Tesla's share price this year to revisit its historical low, and I'm standing ready to initiate a long position on the counter if it were to drop below $200 this year, and own a small piece of the EV maker.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
