Down to $32 even in pre-market trading. If this stock hits the high $20s I'm borrowing money to buy more stock.
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But back up to $33.32. I imagine we'll bounce around in the 32-35 band for a while.Down to $32 even in pre-market trading. If this stock hits the high $20s I'm borrowing money to buy more stock.
Oh No! My shorts!
(just kidding)
Your shorts as in, don't loose them?![]()
If you loose them they fall down. You can fix that with a belt though.
Maybe we should have a 'Oh no. The stock is down!' thread just for those posts. This thread could be for discussion about the stock in general.
That's a real downside of using the IRA as an investment vehicle -- instead of paying the LT cap gains rate, you'll end up paying the regular income rate. In the U.S., the federal capital gains tax is much less than most people's marginal tax rate on regular income.
That was what I did. Lots of guesswork there, of course (you're guessing the profit margin on each car, the company overhead, future dilution of the stock, among other things), but you can make informed guesses based on the information published by Tesla.The people who consistently lose in the stock market are the ones who buy because they are enthusiastic when the price goes way up, and then sell because they get discouraged when the price goes way down.
As for what the price "should" be, do your numbers: Figure out the ROI based on selling 20,000 Model S cars a year against the total capitalization of the company and then see what price per share yields an acceptable percentage on the stock price.
What number did you come up with? I'm guessing Wunderlich did the same kind of number crunching when they came up with $49, but I don't remember if there was a time frame associated with that.That was what I did. Lots of guesswork there, of course (you're guessing the profit margin on each car, the company overhead, future dilution of the stock, among other things), but you can make informed guesses based on the information published by Tesla.
That's proprietary investing information! :wink:What number did you come up with?
I'm guessing Wunderlich did the same kind of number crunching when they came up with $49, but I don't remember if there was a time frame associated with that.
It's genuinely tedious. This is what you pay people for unless, like me, you like poring over endless boring documents just for fun.Even though I described the kind of analysis that needs to be done, I'd have no idea how to gather the input numbers.
Masses of guesses are involved, indeed. Though I think the most common risk is to make a perfectly good estimate of a company's future if it maintains business as usual, and then have management do something utterly crazy a couple of years down the road and blow the business up.And of course, after one has figured out an estimated "true value," it's nearly impossible to figure out what distortions the vagaries of the market will introduce. That's why my real investments are never in individual stocks.
I'm sure he would not rant about AAPL on this forum. Maybe he's also on the Apple chat board. I really don't think we should give him a hard time. He's a kid who wants to believe in Tesla but lacks the experience to understand that the stock market is not a rational enterprise. I made some bad decisions when I was his age and I bet all of you did, too. Give the kid a break.No cauliflower rants today? I seem to remember he's in AAPL and it's dropping like a stone today. Do those go into a different forum?![]()
I'm sure he would not rant about AAPL on this forum. Maybe he's also on the Apple chat board. I really don't think we should give him a hard time. He's a kid who wants to believe in Tesla but lacks the experience to understand that the stock market is not a rational enterprise. I made some bad decisions when I was his age and I bet all of you did, too. Give the kid a break.