If Tesla reports profitable quarter later this month, it’ll be the 4th straight quarter of profits. Which means, they can be added to the S&P 500. The stock will have all the index funds dumped into it. It’ll take off like a rocket
I don’t think it’s accounting BS. I just think people are investing on 2025 earnings. The premium is related to scarcity of investment in the EV sector. We all know we’ll be mandated to use EVs in the next 15 years. Tesla currently has 75% market share in EV, this correlates to 2.8% of TAM. So yeah, if you want to bet on tangible EV, you bet on TSLA. the market cap is fucking absurd though. I’m terrified of touching TSLA due to IV
I can’t take it any more, a few more days of this and Tesla is worth more than all US automakers combined. This is madness. I think I’m gonna have to buy a shit put or something, I just can’t NOT bet against them* *if I’d just bought a single call the first time I wanted to bet against them I’d be up about $60K right now.
was thinking about opening a fidelity account and putting some money in a mutual fund. is now a bad time to be doing that?
I don’t think there’s a bad time to begin investing, especially if your plan is to not touch that money for 30+ years
I already have a 401k but I get bonuses throughout the year. Instead of leaving bonus money in savings I could either also put it in the 401k or invest it through fidelity or a similar platform.
401k if there is benefit to be gained from tax sheltering. Roth IRA next step dependent on if you’re eligible. I’m going to make a possibly poor assumption and guess you are based off just now investing. If your company doesn’t match the 401k I’d probably lean to the Roth via Fidelity. Also based on bonuses you’d have to toggle your 401k contribution constantly.
I’m the same. My income is 85% bonuses and it’s variable. I typically take a large chunk and put it into my TDA account when I get those checks throughout the year. I’ve made much more in dividends the past six months than I’ve made of bank interest in my 34 years of life.
Yep, and if he hurries, he could slip up a 2019 contribution into a new Roth IRA before the July 15th deadline, and still do a 2020 as well. Not sure how to make sure the funds arrive in time though.
at Tesla going to 5k and having a trillion market cap edit: this was supposed to have a lmao but cut out
When I get bonuses I put most of it to - extra mortgage payments - individual stocks - HSA - 529 - mutual funds
Then take some play money if you want and have fun in here. But the above is a great guide to set yourself up for the future. Bogleheads.com is also a great resource.
Is most of the content in the format of streaming videos? I’ve tried some of the stuff and the quality and ideas seem good, but with my current schedule paying for daily videos doesn’t make a lot of sense.
If Disney opens green tomorrow or goes up this week, I may pick up some cheap puts. Lots of social media accounts of folks that likely have CV running around that place. Feels likely likely they have to shut back down, FL is a shit show
Was thinking the same. Tons of pics on twitter of people in line with masks half on and all up on each other. Unreal that the park is open but corporate is still closed.
Can you imagine if part of your existence was going to Disney world to buy a fuck ton of stuffed animals to resell them at a higher cost online? How miserable.
Puts printed all last week until Friday when I got stuck with some 314s bought around 316.5 as we squeezed up. Futures looking strong at the moment, so I will be entering XLF calls to hedge first thing in the morning (if given the chance). We could squeeze even higher if overnight action is very strong. Hoping we open around where we left off Friday.
Been watching shit on this all day/evening. I’ll be monitoring DIS like a fucking hawk this week. The second it peaks, I’m going all-in on puts a month out. No way this doesn’t crash and burn in fantastic fashion.
So we’re just going to let Farva What does a stable market look like? If I were you I would set clear criteria for what your entrance point looks like and then stick to it. If you don’t you’re far more likely to invest with your emotions. If you don’t have an Traditional or Roth IRA. I would open one today and max it out. Even if you leave that money in cash, you’ll never get the opportunity to put your 2019 allotment in again. You have until Wednesday.
I don’t know technicals at all, so if you see any signs that you think signal a peak, please post about it.
I went to get coffee and it’s up to $1770. Whoever said it is right, it’s definitely gonna hit $2k before it drops 10%
Did Amzn and Google go through this before hitting full year profitability?? Already with a 12 figure market cap yet jumping 85% in a couple weeks
I don't think that's fair, they're real and they're not doing anything that ridiculous. Investors are
I’ve left a lot on the sidelines missing this recovery. Still putting all new disposable income into ETFs but I’ve basically decided with the rest I’ll either see if the market breaks below the 25,000 level to dump more in or use it for a nice down payment on a house. I did get a good amount of money in averaged around the 23,000 level so not too upset but wish I’d managed to dump the rest in earlier.
Spoiler The markets staged another strong corrective rally on Friday, gaining back all of Thursday’s decline. The Dow finished with a gain of 369 points, closing at 26,075. It was up 248 points for the week. The NASDAQ gained 70 points on Friday and was up 410 points for the week. The disparity I have been talking about for weeks between the NASDAQ and the Dow, SPX, and Russell 2K continues. I continue to see large negative divergences in breadth and volume. And while the NASDAQ is being pushed to new highs by a handful of stocks, the other major indexes, like the Dow and SPX are still significantly below their June highs which for the Dow is 2,000 points below its all-time February high of 29,569. BTW, the Russell 2K is also significantly below its all-time high, which was made two years ago. These inter market divergences are a sign that overall market is weak, and once the extreme level of speculation on the NASDAQ runs its course, it too will join the other markets in the major down-turn I see coming. From a pattern perspective, the NASDAQ appears to be completing an Ending Diagonal Pattern. We all know how these patterns end up, as I talked frequently about the Ending Diagonals in the Dow and SPX just prior to the February crash. The current rally in the NASDAQ Composite started on 27 March at the 6,631 level. On Friday, the NASDAQ closed at 10,617. So, because Ending Diagonals tend to decline to where they started, my initial target for the NASDAQ is the 6,631 level…as a minimum. The Dow, SPX, and to a lesser extent the RUT, are in entirely different patterns than the NASDAQ. Their patterns suggest that they have already topped and are now working to either complete a minor retracement Wave 2 up or are starting Major Wave 3 down. If the Dow stays below its 8 June high of 27,580, I MUST assume that it’s in Major Wave 3 down. Further, because the initial decline from the 8 June high was impulsive (likely Wave 1 down of Major Wave 3 down) I MUST assume that all the up-down-up trading that has taken place since the 15 June low of 24,843 is part of minor retracement wave 2 of Major Wave 3 down. In other words, one the current retracement wave completes, the next major wave should be Wave 3 of Major Wave 3 down. It should be another crash like wave that drops the Dow below the 23,000 level, with even lower prices likely. Students should understand that this wave will only be wave 3 of the sequence. Once all five waves of the sequence are complete, the Dow should be trading below the 18,000 level. (See attached charts) On Friday, the VTI on the Dow closed with a reading of 59.1 with a 2-period RSI of 65.84. So, the Dow is slightly overbought with no trend in place. The readings are consistent with what you might expect in a minor wave 2 retracement. The Market Timing Indicators for the Major Indexes are mixed. The indicators for the Dow are Neutral while those for the NASDAQ remains Positive. The Dean’s List and Tide are Neutral. The Sector Ratio strengthened to 18-6 Positive after Friday’s session. In a way the number is somewhat misleading as 8 of the 18 strong sectors and 5 of the weak sectors have RS ratings of ‘0’ or ‘1’ so the Ratio could change considerably in the days ahead. We saw this happen during the week when the Ratio turned slightly negative. It then turned back to positive the following session. The takeaway from this discussion is that the Sector Ratio is telling us that the market is in transition. With so many sectors with 1s or zero RS ratings, it’s likely the current retracement wave is likely close to completing. The top five strong sectors were Material, Household Products, Autos, Computers and Consumer Products. The top five weak sectors were Banks, Energy, Real Estate, Service and Semiconductors. The Model bought 1,200 shares of TWM on Friday. TWM is an inverse ETF for the Russell 2K. I haven’t projected a target for TWM, but the reason it was purchased was because my target for IWM, the positive ETF for the RUT, is below 90. IWM is currently trading near the 141 level. I believe small cap stocks will be hit especially hard on the next wave down of this Bear Market. So now in addition to Friday’s purchase of TWM, the Model continues to hold 1,600 shares of DXD, 400 shares of DUST, and a lot of cash. It continues to look for opportunities to buy shares of inverse index ETFs. The Model will become aggressively negative once the Dow falls below the 25,000 level. This is the level that would confirm (for me) that the Dow is headed below 18,000. Gold and the miners fell on Friday. In Thursday’s Comments I mentioned that the HUI had reached its Upper Trend Line and should begin to pull back. My target for the HUI remains near or below the 240 level. Have a great weekend. That’s what I’m doing, h [\spoiler]
I joke, GK, but I'm glad you've got the money to gamble on that...because vicariously is the only way I'll get to experience it.