Hi guys. I'm a bit new to the board. I am a college student just starting to invest and wanted to buy tesla at these levels, about 100 shares. Is it safe or should I wait a bit. I would appreciate your honest advice
If you need the money back soon, maybe not a short term investment because popular stocks are always shorted so timing will be an issue as to when you need to withdraw your money ; however, if you are for a long term then it is a good investment. I bought more everytime it dips. I now have 5K shares.
"popular stocks are always shorted"..... NO. Nono, they're not. Only the ones that are priced $ 100 more than they're worth. AAPL, AMZN, TWTR, FB to name a few, don't have the short interest this POS does.
If you're asking anonymous users on a public message board for investment advice, then I think you're either full of carp or a half-brain.
Talk to an investment professional - all online brokerage accts have someone you can talk to
Diversity is always a good plan
So put maybe 17 to 20% of your money in 5 or 6 stocks in various industries
There is nothing wrong with asking anonymous users for opinions. He may be intelligent enough to filter out pros and cons and can make a decision for himself. Of course, there are valid advises and there are stupid rants and he certain is intelligent enough to tell the difference. He may rely on other researches and sources, too and not just here. Diversify is good but there is nothing wrong with investing in a good individual stock. Young people can afford to take higher risk in exchange for better return. Of course, one should never put all in stock.
It depends on your finance situation. If this is only amount you got, then you must be prepared for the rollercoaster and you may get less back if you need the money sooner. However, if this is your side money (say you won't need it in 5 - 10 years), then it's worth to take the risk since Tesla has a very bright future. The bottom line is you must take some risk in investing in individual stock. If you do enough researches and believe in its future, then ignore daily up and down. There is nothing guarantee unless you buy a CD.
Simple answer- NO!!!!!! I would wait. check out stockcharts.xxx and you can see that the MACd is heading down and loosing strength. The RSI is moving down with the MACd, so there is no indication as of yet to a turn around in this stock. It demonstrates that over the course of several days that it may go down to 130 and even lower. I would look at another stock that maybe has a nice dividends payout, like verizon. This stock is such a gamble and the only one's who say buy it,,, are the longs that are stuck with it. I bought a load of this ~3 weeks ago at ~119 and sold at 154.2,,, just before the melt down. And these very same nem-rods you are asking gave me thumbs down for my sell posting on this board- check it out. Look at it- you already have 3 thumbs down on your post!!!!! This stock not for a "starter"!!! And don't get faked by one up-day here, it's only a mistake, it's going down................
Margate (son), you can take this guys advice. I'm sure you think MACD is a place to buy a cheese burger but that's ok. Bottom line, don't gamble, buy Vanguard Wellington, study hard, bang more college chicks. Simplify your life. If you can follow those 4 rules, you'll make your old dad proud.