IF you have ANY money left, open a REAL business and FORGET about trying to game the market with USELESS options. That's a LOSERS GAME....ALL the TIME....EVERY TIME.
Its transformed into a losing proposition for most everyone and isn't going anywhere. Take your pick....lose money trading or lose money buying and holding.
Facebook, Apple and Google COMBINED will be worth LESS than $1 trillion by 2018. Twitter will be worth ZIPPO.
I've been short since about $220 and covered today. Its been a painful short to say the least at times. I'm going to let the dust settle and if it tanks, I might go the other way slowly. Although something tells me it might spike higher after earnings due to some convoluted rationale.
Tesla can't afford to become competitive. They have ZERO chance of survival....PERIOD. The pipe dream of selling an affordable vehicle at a profit is not only a pipe dream.....its impossible for them. The ONLY way for them to survive is for someone stupid enough to buy them which might occur when the stock falls below $100, On another note...have you seen Musk's ridiculous Twitter timeline? All he talks about is rockets and blast offs. LMAO! This guy is living in a dreamworld that's about to implode.
My cash is safe as in the bank. The only investment I have is a 10 unit commercial property parcel. Basically 10 oversize garages along with land for trucks, equipment, etc. The rents are guaranteed monthly since if someone leaves, I have a waiting list of contractors waiting for it. I've pretty much had it with the market for now. If (when) it tanks and there's once again blood in the streets, I'll take another look.
Its a statement. I pretty much sold everything back when the powers that be were putting trillion dollar guaranteed projected valuations on Apple. That one ingredient turned me off to holding any big positions in anything as greed was beginning to outweigh reality. I had other reasons to get out as well.
Maybe I'm missing something, although I doubt it. All I can envision is continued sideways thrashing with some big up and down days mixed in for good measure. Ultimately, it's going to take a deep dive. When? Who knows for certain although I'd say sooner this year as opposed to later. I'm sitting mostly in cash.