Investing General Discussion
- Thread starter Furious
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Hateyou
Not Great, Not Terrible
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Just set some stop loss at whatever you’re good with selling it at. $1650? $1700? As it keeps going up, raise your stop loss amount.
Sanrith Descartes
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LachiusTZ
I would use a trailing stop loss. It adjusts as the stock keeps going up. So if you set, say a 10% trailing stop, if the stock dips down 10% from its last high it triggers. It follows the stock up and protects your gains.Edit - and with it up 15% now I would definitely use one to protect this short squeeze spike upwards. These type of holy shit parabolic moves up dont happen often. Protect the gains.
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TJT
Mr. Poopybutthole
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Sanrith Descartes
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Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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Hateyou
Not Great, Not Terrible
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Loser Araysar
Chief Russia Correspondent / Stock Pals CEO
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oh i got that, i just mean the $1650 in general.
fuck this stock (because i didnt buy it and because when i did buy it at 1K, i bought 1 share for lulz and then dumped it)
Elon thought TSLA price was too high 2.5 months ago when it was at $700, i wonder what he really thinks now that its at 1700+
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Sanrith Descartes
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I'm really torn. I dont like TSLA as a company in terms of fundamentals and shit but I do sort of admire Elon. Also it looks like TSLA will be joining the S&P 500 so we all get to own a little bit of it soon.
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TJT
Mr. Poopybutthole
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TJT
Mr. Poopybutthole
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Sell 100k units a year. Somehow have the valuation of an S&P 500 company. All the other auto makers have AXED entire lines of products that sold millions of units in a year.
Furry
WoW Office
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It's been a running theme for a while in this thread. TSLA isn't attached to any logic. Shorting it is a very bad idea, yet people keep trying because the stock is extremely overvalued. I've made the comparison before, but TSLA is really like the star citizen of stocks. People put money into it because of the vision, not because of any fundamental reality. And while that holds true, it's stock value is very bullet proof.
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Sanrith Descartes
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AMZN up almost 5%. It doesn't appear people are overly concerned about earnings season starting.
Edit - and WMT makes a new high after it announced its version of Amazon Prime last week.
Edit - and WMT makes a new high after it announced its version of Amazon Prime last week.
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BNTX up 18% so far. Although, all the big COVID vaccine stocks are all up 10% or so right now.
It's almost a guarantee that there will be some more funding announcements soon for some of the frontrunners in the vaccine race. There's a whole lot of Warp Speed, DoD, CEPI, Gates, GAVI, etc funding that still hasn't been allocated.
The tolerability profile of all the mRNA vaccines still makes me leery and I expect some bad press since that becomes common knowledge, but I'm still holding all these vaccine stocks (BNTX, MRNA, NVAX, INO, maybe I'll even buy some VXRT though I'm skeptical). I would hate to take profits and miss out on approval or emergency use authorization.
I fully expect to see at least 1 EUA before the presidential election. My money is still on MRNA but the others I've listed are all legitimate contenders. I'm only taking about small or midsize companies here but of course but all the big pharma players are part of the race as well.
Sanrith Descartes
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Pharma vaccine plays truly are roulette wheel stuff. Im backing ABBV and JNJ figuring if they hit the vaccine its a homerun, otherwise they still make me some nice money year in and year out. Vaccine would just be a happy ending surprise.