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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
$590 seems to be the target. Lots of capping each time TSLA dares to cross $590 (or at the moment approaches $590).
Tes La Ferrari
Active Member
We might have a surprise, if Berkshire will end up owning 10% of Tesla. Just saying...
Anyone know when the size of Buffet’s possible stake (if any) would be revealed ?
Maybe after Dec 21? To not screw up S&P500 even more? Maybe that's why they got the permission to not disclose it?
Knightshade
Well-Known Member
Yes... though how easily depends on your broker.
over at ML for example if I get assigned I have to physically call a human on the phone to do this like some kind of caveman.
(You can select specific tax lots online if initiating a sell of shares, but have to go the phone route when assigned on options)
I've heard rumors a few futuristic advanced brokerages allow picking tax lots online for assigned options though.
Right before the bottom of the hour, CNBC felt the need to mention the minor Tesla recall. For any other company, such a recall would be a non-event. I get that Tesla is high profile, but does seem odd to mention, especially when the timing of the mention by CNBC is taken into account. TSLA saw about a $6 decline right after the CNBC mention.
Runarbt
Active Member
No. Mostly its FIFO - First In First Out.
FIFO can be adjusted to other sale arrangements. I’ve changed mine with my broker to LIFO (Last In First Out) for minimizing tax ramifications on trading shares.
Thanks for this suggestion. I cancelled the CC. Furthermore, I hope it wasn’t a mistake, but I just sold 200 sh at $522. I had the order set for 525, then changed it after the first pull back. Damn, it would have hit at 525.
Well, I’m still here and doing ok. Thanks for asking. I was planning to update my post after close today, but I’m done trading so here’s my confession: Yes, I absolutely missed picking today’s trading. I hope nobody followed my trade. There were four disagrees to my post, so the wisdom of the crowd was definitely correct.
As I said, I was all in on TSLA stock, and wanted to free up some cash to buy calls. My mistake was not the actually selling of the stock, it was not buying options at the same time. I’m new to options and I thought that I had to wait 3 days for settlement before using the money. I’m straight now after re-reading the free riding warning that pops up on my trading platform and getting some advice in the newbie options trading thread.
Today I bought back in with shares (yes, about $70 higher) and various short and long term options. I also sold ITM Jan23 & Sep22 calls and then bought some similar, but OTM calls. I’ve learned my lesson about waiting 3 days. Unfortunately, I cannot roll forward in a single trade on my platform and can only put in limit orders, so they take some time to execute.
I definitely left some real money on the table this week, but it’s nothing compared to my decades long reluctance about buying individual stocks over mutual funds. I knew about TSLA in 2010 and refused to buy, even joking that “there was no way I would sit on top of 9000 laptop batteries.” In 2014 a friend bragged about paying for his European summer vacation by selling TSLA, and I still didn’t commit. Battery day was my catalyst and now I’m pretty much all in in my IRA’s. My unrealized gains are enough to buy a new roadster and a cybertruck, so I’m happy with the current situation, though looking forward to Teslanaire status. I’m planning to return much of those gains to Tesla in the future when I’m able to access my retirement accounts. Unfortunately, my 401(k) doesn’t allow trading unless I roll to an IRA. I’m using that as an excuse so I don’t blow everything on options. Worst case, I can live off of the 401(k) mutual funds.
if anyone has more insight or thoughts on this (Potential BRK position), I'd be appreciative. There was some chatter on this topic about a week ago, then things went mostly quiet.
It was noted in a quarterly filing (13-F), and I heard some speculation it would be revealed in the following one, which if true I assume means a couple months yet.
Did they compare to the recent GM recall of 6M vehicles for airbag explosion potential? Funny how that works...
Mo City
Active Member
Among several others, Rob discussed it in one of his videos and Gary Black addressed it in Twitter.
After much foam and lather when speculation first started, the strong consensus was BRK's mystery position is probably not in TSLA. I think we'll have to wait at least 2-3 months to find out.
I was a little late to the party this morning, and got mine (same expiry and strike) at $39 per
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