I like the company but the SP is silly now. Was a good payday, dropped a few in BABA with the proceeds
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I like the company but the SP is silly now. Was a good payday, dropped a few in BABA with the proceeds
Cunning play blackcap.
Not cunning at all. Just stupid luck. The Mrs and I were musing about 3 weeks ago that it was strange that the market cap of Tesla was higher than that of Ford etc. SO we said well lets put a small short on. I forgot about it till 4 days ago when I read something on the thread here that Tesla was at $600. (we were prepared to go short at $400) Then me being lazy did nothing about it till yesterday morning when I saw to my shock horror that it was trading at $930. So instantly I funded my CDF account and went short. The next morning (today) I woke up to this. Could not beleive it. Had a talk to the Mrs who wanted to take some off the table but I said, well we were prepared to short at $400 so lets wait a bit longer.
Lot of talk by experts on CNBC today that the Tesla share price reminded them of other bubbles like the dot com craze of 1999 and more recently the crypto currency crazes. No mention of the Tulip mania in 1637 or goat mania in late 1980's when goats hit $15,000 a head in New Zealand. Good luck mate.