Stocks

[dealfinder11]

Wait for May

While I understand the temptation to wait for the election results to shake out, if Biden/Bloomberg get the nom then market might overheat even more and be an even more expensive time to buy. IMO, I’d invest some now and some later. So if market goes up, at least you got some cheaper, and if market sells off you can then buy cheap.

[ltttc]

While I understand the temptation to wait for the election results to shake out, if Biden/Bloomberg get the nom then market might overheat even more and be an even more expensive time to buy. IMO, I’d invest some now and some later. So if market goes up, at least you got some cheaper, and if market sells off you can then buy cheap.

If Biden gets the nom, why would the market overheat?

[dealfinder11]

If Biden gets the nom, why would the market overheat?

because he is not a socialist. Market jittery at the prospect of a warren or sanders. The S&P sank and then rose correlated with Warren's rise and fall in the polls (inverse relationship).

[grodnoking]

I'd wait till after q4 earning report.

Tonight. 6:30pm

[Ephraimh]

Tonight. 6:30pm

Pretty sure they report right after the bell

[Ephraimh]

Tesla blowout report, especially on the EPS and the delivery guidance 500k+ wow

[good sam]

Tesla blowout report, especially on the EPS and the delivery guidance 500k+ wow

Sold about 1/3 of tsla holdings at 590. Weird, now I'm not sure if I want it to go up or down.

[good sam]

Shorted @ 587.50  (Bought a Jan 31 Put)

[CountValentine]

You will never go broke taking a profit.

[Ephraimh]

The stock is at $650 AH.  Crazy move.   

Even after today’s report, I still think that

Shorting at these levels, is a rational thing to do.

The buyers at these levels are irrational.

Never fight irrationality with rationality.

[good sam]

You will never go broke taking a profit.

Agreed, but it still stings

[ExGingi]

The stock is at $650 AH.  Crazy move.   

Even after today’s report, I still think that

Short squeeze + AH effect.

Remember that the markets can stay irrational for longer than most of us can stay solvent.

Whatever position one takes in such situations (and in many others), one should take protective measures in the form of options and/or trailing stops (in case one is sitting on profits and doesn't want to cash out yet).

[Ephraimh]

Short squeeze + AH effect.

Remember that the markets can stay irrational for longer than most of us can stay solvent.

Agreed. My point exactly

Whatever position one takes in such situations (and in many others), one should take protective measures in the form of options and/or trailing stops (in case one is sitting on profits and doesn't want to cash out yet).

Disagree on this one, “whatever position one takes” is too of a wide term, it’s true in the case of a futuristic car company with a blown up valuation after a monster run, but not true with any quality company you’re holding for the long run.

[ExGingi]

Disagree on this one, “whatever position one takes” is too of a wide term, it’s true in the case of a futuristic car company with a blown up valuation after a monster run, but not true with any quality company you’re holding for the long run.

I don't think we disagree, I think you just misunderstood what I meant when I wrote "whatever position one takes". I meant whether one takes a long position (hoping the stock goes up) or a short position (hoping it goes down).

[Ephraimh]

I don't think we disagree, I think you just misunderstood what I meant when I wrote "whatever position one takes". I meant whether one takes a long position (hoping the stock goes up) or a short position (hoping it goes down).

If by “long position” you mean as in the opposite of a short position as oppose to long as in long term, then yeah we agree