Quote:
Originally Posted by speeder
So, did you short the stock yet? If not, why not? You present yourself as knowing what it's going to do a lot better than us amateurs, even laughing at anyone who thinks it's going to do well, it seems like a no-brainer, right?  |
First of all the stocks very hard to borrow in order to short it. Second, I know enough not to just throw a dart and take on a big short position when its trading parabolic. Keynes said it best...
"The market can stay irrational longer than you can stay liquid" Twenty years ago I was a floor trader and I saw the same thing in Enron, CMGI, and dozens of other names. As a trader in those days it was fantastic, you never had to take much risk... All of the order flow was one way..... until it wasn't. I am sure all of the order flow in AMZN was one way this week... Until it wasn't.
Did I trade some small options positions, yea... I did okay in my terms on them, but I wouldn't brag about it. I left a spread I legged into on over the week, I see the US major market futures are getting slammed tonight, unless something changes the markets going be be down about 1% in the morning....( I am not foolish enough to brag on the internet about money, or material goods, I assume everyone's rich and good looking.).... The implied volatility in the options is at insane levels, so much much so that when the stock sold off, volatility came in, which is the opposite of the natural order in the markets.
Yea I chuckled at the "see it reaching amazon levels" comment. AMZN has a market cap of over a trillion dollars, so No TSLA is not going to be reaching those levels anytime soon. Could it some day? Why not, or better yet, in theory why not, any company can theoretically make it to a trillion dollars market cap. Where is TSLA making its money ? Its not selling cars. Sure they sell a several hundred thousands cars a year, but that's not going to get you to a trillion dollars market cap. Right now they make their money selling off their carbon credits. Do you think that's a trillion dollar market cap business plan? How long do you expect that niche to last?
So, should I have laughed? Probably not, its rude, but the idea that TSLA could be a trillion dollar company "fairly soon", you have to admit was pretty funny. The entire gross revenue for the company was 7.3 billion GROSS for the Q. Call that a gross revenue of 30 billion for the year.... Going to be tough to get to 1 trillion in market cap with 30 billion in gross revenue.
Read all of my past comments on this thread... I wasn't knocking anyone and I stated several times over the last year... that I don't trade TSLA and I really wouldn't.