Sanrith Descartes
Von Clippowicz
- 41,535
- 107,628
I ended up near near even today. DIS, LMT and ABBV did the bulk of the heavy lifting for me. Not patting myself on the back or anything but its why I like my portfolio to have some balance to it.
Investing General Discussion
- Thread starter Furious
- Start date
Blazin
Creative Title
- 6,414
- 33,669
everything did not take an ass kicking. This was rotation some stocks major green. Last I looked it was 50:50 between advancing and declining . Tech and meme stocks took the brunt of it . Energy financials and materials soared
Jysin
Ahn'Qiraj Raider
- 6,278
- 4,035
Travel rotation reopening plays continue as well. DAL up nearly 5% today, as well as some solid cruise line gains.
TSLA took a huge position in Bitcoin, so the Bitcoin dump this morning simply caused further downward pressure on TSLA, which already had big outflows last week.
ARK have high stakes in TSLA , which is in part why you saw them dumping too.
TSLA took a huge position in Bitcoin, so the Bitcoin dump this morning simply caused further downward pressure on TSLA, which already had big outflows last week.
ARK have high stakes in TSLA , which is in part why you saw them dumping too.
Jysin
Ahn'Qiraj Raider
- 6,278
- 4,035
September 8, 2020 flush on TSLA was the ultimate dip buy. It hit $330 and recovered in days, then on to run to the all time highs.
Really not sure where the bottom is on this pull back, but tethering your company to something like Bitcoin seemed questionable to me. Even if you were a full on Tesla fan and drink their cool-aid, I would not be happy with the Bitcoin investment. You, as an investor, are invested in Tesla. They basically added a big external factor to your investment with Bitcoin. Regardless of your views on Bitcoin itself, you are a Tesla investor, not a Bitcoin investor when you buy shares of TSLA. That isn't the case anymore.
As long as Bitcoin keeps tanking, expect Tesla to follow suit. I would be pretty pissed off.
(I have no positions in Tesla or Bitcoin, FYI.)
Really not sure where the bottom is on this pull back, but tethering your company to something like Bitcoin seemed questionable to me. Even if you were a full on Tesla fan and drink their cool-aid, I would not be happy with the Bitcoin investment. You, as an investor, are invested in Tesla. They basically added a big external factor to your investment with Bitcoin. Regardless of your views on Bitcoin itself, you are a Tesla investor, not a Bitcoin investor when you buy shares of TSLA. That isn't the case anymore.
As long as Bitcoin keeps tanking, expect Tesla to follow suit. I would be pretty pissed off.
(I have no positions in Tesla or Bitcoin, FYI.)
- 1
- 1
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,628
Boomer stocks are holding up pretty well in the pre-market. This looks less like a crash and more like a rotation. Hopefully nothing happens to spook people and it turns into a rout.
Blazin
Creative Title
- 6,414
- 33,669
Things could evolve but as the of this moment this is not remotely a crash this is a low fear money rotation . There is a fear and that fear is a booming economy that is quite different than a traditional growth scare.
- 2
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,628
Sanrith Descartes
Von Clippowicz
- 41,535
- 107,628
- 2,791
- 6,522
And it’s in the low 7s premarket now or was.
I’ve got to think it’s a good buy at this price long term especially for the dividend lovers.
- 1
Pogi.G
Silver Baronet of the Realm
- 1,577
- 8,196
Like I said, wish I would of had the capital to short $TSLA. Closed at $849.24 on 2/9 when I made the top post. Hit a low of $650 this morning pre-market.
- 1
Pogi.G
Silver Baronet of the Realm
- 1,577
- 8,196
This week has fucked me hard so far. Last week was a bad week to switch strategies and go with more swings than day trading. At least day trading keeps you from losing your ass by holding over night when market decides to take a dump.
- 1
- 2,791
- 6,522
Someone said they wanted to buy back PLTR in the 25s, here’s your chance. 
I’m glad all my fun money is in CPUH.U at $10.77.
In kooky news, AMC is up 13 percent and climbing. Edit: oh boy did that turn negative quickly.
I’m glad all my fun money is in CPUH.U at $10.77.
In kooky news, AMC is up 13 percent and climbing. Edit: oh boy did that turn negative quickly.
Last edited:
- 2,791
- 6,522
Foxy boxing is the cornerstone of the market!
I have like 40 stocks watched on Stocktwits and it’s literally the only green one.
Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
- 75,822
- 150,528
