I love TSLA as a long term play and it has comeback into buying territory again after making an impressive run up to nearly $1,000.
Even as an impressive technology company, Tesla will trade down with the market (as it has), and.. it looks like the market will be trading lower this year.
My strategy on any stocks that I love (such as TSLA) is to accumulate position on over-sold down moves. Over time when the economy strengthens, a stock like TSLA should be one of the leaders in terms of a market rebound. $200-$300 will be great price range to accumulate if/when TSLA trades down there. At this time, I do believe TSLA has a strong likelihood of trading that low this year. As long as you are not leveraged on a long position with a stock like TSLA, it should do very well in the long run. And if you ARE in it for the long haul, buying some TSLA at $400 is fine too. Watch what it trades at in five years! The safest play though is to wait for a market bottom to confirm and load up on long entries at that time. When I see a market bottom, I will post that opinion.
Even as an impressive technology company, Tesla will trade down with the market (as it has), and.. it looks like the market will be trading lower this year.
My strategy on any stocks that I love (such as TSLA) is to accumulate position on over-sold down moves. Over time when the economy strengthens, a stock like TSLA should be one of the leaders in terms of a market rebound. $200-$300 will be great price range to accumulate if/when TSLA trades down there. At this time, I do believe TSLA has a strong likelihood of trading that low this year. As long as you are not leveraged on a long position with a stock like TSLA, it should do very well in the long run. And if you ARE in it for the long haul, buying some TSLA at $400 is fine too. Watch what it trades at in five years! The safest play though is to wait for a market bottom to confirm and load up on long entries at that time. When I see a market bottom, I will post that opinion.