I'm getting a Camaro.
I'm getting a Camaro.
Tesla may well have some legs to run on for a little while but I don't see it as sustainable. In the next economic downturn they are going to get hit hard and as far as I can tell the Fed is set on tapering (as the risk of carrying a larger portfolio is now trumping their economic targets).
Amazon is not comparable as their revenues are running at a 64 billion dollar clip vs about 1.5 billion for Tesla.
we are all floating in a sea of liquidity. The tides turn. In some places the tide turns sooner than others and in the case of money printing the tides do not flood evenly as nature and moon intended. we have had a 100% unevenly flood for the last 4 years in the US while the rest of the world flooded then ebbed 50%. Do you really want it to keep flooding for 2-3 years? It seems whatever bad news is portrayed about the economy the flood deepens nearing a tsunami based on liquidity by the feds buying more bad debt while the government strips away your rights becoming more of a global monster against peace in the global economy. Hopefully soon the balancing act changes as all tides flood and ebb naturally. This artificial showcase of stocks (tesla) (window dressing) will all end very badly one day the longer the flood lasts the deeper the scars will be. Who knows what will trigger the ebb but it will happen the sooner the better IMHO so there will be a normal balance again. Otherwise it may be complete destruction (WW3) of life we know today. Enjoy the ride while you can and enjoy the fantasy of cheap money.
This bad boy has dropped $10 to $160 from time of my original post--a 6% drop in roughly a week----i have a stop at $148 to lock in decent pofits but hope it doesnt kick in
Zoe thx for chiming in as i always enjoy the insight of your posts however looks like we are butting heads on this one
Shorting this market is just a bit insane.
Continued trading in the tight 160-170 range continues into its third week--consolidation until earnings report?
Sold all at 179 for a nice 40% profit in four months-----looking to get back in on a major pullback lol---its running to hard and i lost my nerve and decided not to get greedy
Last edited by Diesel; 09-19-2013 at 04:31 PM. Reason: entered wrong exit price