I agree with your view of the car.
I've made money on the put options, betting on stock price drops. It seems to be ahead of it'self most of the time. The options are too pricey right now.
The car has a bright future I think. The company needs to survive in order to thrive. The capital raise could have been larger but it sure helps
love to take a new s put an old beater car body on the chassis and take it to the drag race track to tease the crowd
Agreed, for this stock, it is all speculation
I bought a farm, starting 2010 with the first property and 2012 for the second, so I'm with you on hard assets like real estate. I still speculate in the market with options and have long term stock investments like Birkshire Hathaway, some banks, pipelines, consumer stocks, mostly they pay diviidends so I casually watch the stock price in case it drops enough for me to want to buy some more. I am hesitant to sell, although I have been rotating into finacials and lightening up on energy. Should have dumped all my energy stocks, but I still hold some. They are still paying the dividends so we will see in a couple years if that was a good idea.
Diversification is a great idea, real estate a solid investment.
I see my speculation on fitbit is going the wrong direction so I guess maybe I will go to the farm and do a few chores. I cleaned up on tsla put options so the week has been good but my fitbit call options look like a rock thrown into the pool, spiraling to the bottom.
good luck with the real estate. There are some good companies to own as well. Given where the market currently is, you might have the best strategy out there,
nope. unless there is a good long or short to take.
Right now I am taking a flyer on fitbit, long after yesterdays plunge. Could use some Musk type showmanship on that one. the whole tape looks sick, so maybe long anything isn't going to work
when do you think it will happen? Given it is a new listing and there is so much speculative interest, there is bound to be both big price drops and big price jumps, as the day traders duke it out. Someone will take the shorts to the woodshed, probably a bigger hedge fund
i'm buying the story, it looks like a sound prediction
I am long FIT but just made some money shorting Tesla. Why blame the shorts? What you are talking about is speculation or speculative investment. looking to make money on short term price movements of the stock, in either direction. long or short makes little difference. When there are more sellers than buyers they need to drop the price to get a bid and when buyers overwhelm sellers they need to raise the price of the stock to get a bid. Longs drive the price action, selling or buying
Investing is when you buy and hold a company because you think it is a good business with some long term competitive advantage or some reason you think it will be more valuable 10 years from now than it is today.
Real estate is ok too if it pays you in some way, rent, capital gains, if it is a house you live in then it costs you money. Things that pay you money are assets and things that cost you money are liabilities. If you never plan to sell the house, just live in it. it is a liability. The best of liabilities because you get so much enjoyemnt, comfort etc owning your home. Once you get really old, if you make it that far, you can sell it and it can become an asset. you need a place to live and a home saves you on rent so in that sense it acts like an asset buy avoiding other costs.
Saying things like stay tuned or trust us just does not cut it
Use Elon Musk, master showman as an example. Elon would have said we have some exciting stuff in the pipeline but we cannot tip our hand to the competition so we choose to stay silient. Its friggin ludicrous what we have been able to do but you will have to stayed tuned to see how this plays out. As far as timing for the release, we don't want to guide as we stick to our principle of only releasing a product when it is truly great.
The stock would have popped 20%
The risk to the short side is getting very large. A couple of tweets away from pain and misery if the CEO would just look at Musk's style