Agreed at least in long term. Not sure about short term though, because the amount of greed and stupidity always surprises therefore it still might last for a while or it could burst anytime and outcome will be awful to those who buy when smart people have been selling with huge profits - let's face the fact that Elon bought at $6 to sell at $1000, but if people want to throw their money to billionaires then it's their choice...
trademan1234
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buy until jan 6 then sell, buy back in march
CookieMonsterr04
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@trademan1234, just curious, why January 6th? You really think a bullish December? I just dont see it. QQQ at 412ish today looks pretty tops
trademan1234
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@mattyzzzmom, thanks for the inquiry. I think there will be a bullish Dec and first, maybe second wk of Jan. A lot of people think split coming up, Texas factory almost completion, the Daily MACD is about to turn positive, people anticipating strong Q4 and year-end results so should pop first week of January. I think it will go down this wk and maybe start going up next week. Not financial advice haha. Is it the best trade? Probably not but I think it will run up then get a good buying opportunity Feb/March after it pulls back. Was reading your other comments, was just wondering what's your plan to 5x your money in 2022? Thank you for the comment.
peanutsandpeaches
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You have 2 choices in the stock market of today: buy TSLA and make big $$$ until you lose 90% of it. #2 Buy something else and wish you'd bought TSLA. I went with option #2 and that's why I'm a loser.
CookieMonsterr04
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@peanutsandpeaches, nobody wishes they bought tesla. Nobody. There are stocks that have made so much more and are such better stocks. In fact, I will easily 5x my money in 2022. I wont be buying even one share or option of tesla either.
bjorn2z
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@mattyzzzmom, I am short TSLA. I am also out of all long positions except gold/silver miners. What stocks are in your watch list for potential 5x in 2022?
peanutsandpeaches
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@bjorn2z, nice bro. The only way your strategy could work is if the central planners stopped pumping stock and buying corporate debt. They already showed their hand. Yes, they bought corporate debt. Go double check it. They'll do it again too. And again... What does this mean? It means the ponzi isn't just USD (or fiat in general). The ponzi is now state + corporate. The definition of it is called a "Command Economy". Capitalism died and was buried in the GFC. Now we get Command Economy until the great collapse. Within Command Economy the S&P stocks will thrive. TSLA will go to 10T on the back of 60B in revenue, with a 8% profit margin. Your house with 4 bedrooms and 2 bath will cost 4 million dollars. Good luck shorting tho.
CookieMonsterr04
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@peanutsandpeaches, go for the low floaters.. SFIX will do well after it finishes its downturn.. PTON will do well but isnt nearly bottomed out. Look for those... everything and I mean everything still has a far fall to take but there will be plenty of profit to be made even in the ones that do not make new highs. Just be patient. This shit show will end and have a nice fall. This is not buying time, at least not for me. I do not wish to day trade.. buy and hold for some months or longer is my game.
peanutsandpeaches
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@mattyzzzmom, I appreciate the tips, and although I am a loser I can probably learn you something big. Uber will outperform anything you are looking at, unless you are looking at some biotech company that has 5x news coming out soon. Of all the stocks trading on the markets these days the only stock I can say is fairly priced at the moment is Uber. I'm a hardcore cashflow only investor... that's why I couldn't buy TSLA at today's prices.