Stock Trading -or- ReconSWS's Bane

[gabe]

Yeah, I'm not particularly bullish on it. I really bought my TSLA position to make a play on the stock split and then got greedy and didn't sell at $500 so now I'm bag holding until I can at least eek some profit out of this trade. It definitely wasn't a smart move at all. I would really like to keep like a small handful of TSLA shares in the portfolio just to catch a shooting star if it does take off again but there are so many headwinds right now with that company and no more catalyst to send it higher.

[ReconSWS]

This man is Elon's worst enemy now (old article) : https://markets.businessinsider.com/...0-2-1028876660

1 day old tweet about Nkla, notice the "nomusk" quip when comparing Trevor to Musk (so maybe he's not short and I'm just looking to deep into it so who knows) : https://twitter.com/CitronResearch/s...685756928?s=20

So pretty much I fully expect some shnanegans either way.

[ReconSWS]

Only takes 9 wrong trades to make a right! I won't declare victory yet since I've been bamboozled before; but I'd be quite disappointed in the resolve of the shorters if Andrew Left of Citron Research does not release a short report tomorrow to seal the deal. Was a tough call both ways, but sadly Elon unveiled nothing but extra risk for investors (I may be wrong, donno what the media will latch on to). I wish your position good luck, you're saving the planet and supporting sustainability!

[gabe]

How stupid would you have to be to buy tsla puts the morning of battery day?

<-- this stupid

Goddamn you filthy autist your puts are gonna straight up print....

I'm both very happy for your success but also pretty pissed my long position is eating $hit.

[gabe]

Slick move there buddy. Elon really isn't doing the stockholders any favors today. My goal was to hold my TSLA position through battery day and sell the news but it looks like it's going to be a flop.

[ReconSWS]

How stupid would you have to be to buy tsla puts the morning of battery day?

<-- this stupid

[ReconSWS]

Are they the bastards who keep selling me way out of the monkey puts?

[Magmoormaster]

You guys hear about the Softbank tech investment scandal?

[gabe]

Yay for battery day! I'm really pulling for Tesla although I should have seen how toppy it was just after the split and bailed. If your puts print I'll join the dark side and start buying puts

[ReconSWS]

OK I hedged for you Gave (a bit late but I was too poor when you said toppy), either you make your money back or I make mine ;p. I got the 200p expiring before batter day, if they profit I switch to calls battery day. Also bought cheapo 200ps expiring friday. I kind of splurged more than my $200 limit....

[ReconSWS]

This will be back up (not sure if in a week, or in a month). I've been homeless since that last episode, but I might be able to pan-handle $200 from the government to get back on the bandwagon, if they didn't cut me off, we'll see tomorrow. If you've got like 100 bucks lying around maybe buy some 200p way out to put your mind at ease? Might be able to get 1-2 contracts very far out. (actually inverse that and just save up to average down friday or EOM). ~but I have no clue

[gabe]

Aaaannndd...it's gone

JK, but please Elon, tweet something clever so I don't become homeless

[gabe]

As anyone could see coming I got destroyed on my Tesla holdings. Luckily my cost basis is about 410/share so I'm not totally screwed yet if things can turn around this coming week.

[desertT1]

ABR div paid out at midnight and this morning I bought a few shares of MAC with it. Not many (9 actually), but they were free, so no complaining there.

ABR was so close to a good price to start selling covered calls, and then they dipped. Would have made my call a lot safer, but I never was able to get it to sell. Tried when it was around 11.75 to sell the SEP 12.50. Now it’s too low in the 11’s to be worth it IMO.

[gabe]

This whole run up on TSLA has me nervous though. The stock price always seems like it's just being held up by short squeeze and hype of upcoming events. Now that the split is over it'll be interesting to see what it does. Tesla has battery day coming up in September where they're supposed to reveal some big leap in energy storage so that could be catalyst for a move higher if they can pull it off.

Bottom line I've been buying Tesla shares since it was at $700 and though it would hit a ceiling at 1k and sold at $1050. After it blew through that I bought back in at $1400 and again at $2k. It's definitely feeling toppy but damn every time I doubt them the shares go through the roof.