I have no position in TSLA - I just would rather own TSLA than TWTR or PCLN or FB or most any other internet stock. The valuations of TWTR, PCLN and FB are so forward-looking that I am uncomfortable waiting the decade that it will take for most stocks to grow into their valuations. TSLA sits at a quite high $27B valuation too that also seems like a stretch, but I think it is very cheap under $20B (down 20% is roughly $180/share). Great stocks are rarely cheap, so I'm not expecting TSLA to fall to $180. Perhaps I could buy the $180 puts (disaster scenario puts) and then buy the stock, and be fully hedged. Anyone else sitting on the sidelines? If a lot of us want to buy it cheaper, then we ought to consider buying it now and just take the risk.
I figured you do not fancy FB already ) Im exactly in that last sentence. I went out at 232+ and feeling wary of coming back in so close to the exit point. Honestly was expecting a bit more downside. I wonder if anyone knows anything that kept the stock above 200