6.9 C
New York
Friday, March 29, 2024

Comment by phil

View Single Comment

  1. phil

    SCTY/Yodi – We sold the $85s for $4.40 so no worries to $89.40 and, by then, the $90/105 cover that we didn't pay a penny for kicks in.  So yes, the cover is just to prevent us from getting killed – as sometimes happens with these silly stocks (ask Jabob).  

    TSLA/Mill – Nice kiss on $200 too and back below $197 now. 

    TSLA/Terra – I'm 6'1" too and I kind of like it but have serious reservations about the practicality of driving it around here.  I see virtually none around my area, and we're pretty upscale.  I don't know anyone who owns one on this side of the country yet $200 a share puts them up at $25Bn, about 1/2 the size of GM, F, HMC – those guys sell over 2M cars a year EACH, that's 100x as many cars as TSLA.  It's like valuing SODA ($800M) 1/2 of KO ($168Bn) or PEP ($123Bn) because they have faster growth and make better margins on their 1/100th sales level. 

    In fact, it would be MORE REALISTIC to value SODA at $60Bn because at least SODA has $500M in sales vs $50Bn for KO (1/100th) while TSLA also has $500M in sales but F has $140Bn, GM $150Bn and HMC $105Bn and SODA actually made $50M while TSLA lost $400M last year and about $50M this year!  

    /RB/Savi – Yeah, nice dip to $2.725.  Oh well, seems like there's something every day…  In fact oil just dropped back below $100 so there's a nice gain from that silly pump.  

    Done on the bounce over $100 on oil, by the way – very tricky re-short at this line so it's back to a conviction play at $100, then 2x at $100.50 (with 1/2 out at $100.25) or 4x at $100.95 (for 4x at average $100.60 and 3x out there on the way down) and then a stop at $101.05 for an $1,800 loss is the risk for the conviction short at this level.  

    Keep in mind, you MUST take gains off the table when they come.  

    Thanks 1020.  

    You're welcome Pwright.  

    Strong bounce lines still not being made!  

    TSLA/Wombat – Nothing about them is reasonable. At $200 means a 10% pop (reasonable) to $220 is 50/50 on earnings.  You should take the profits from the March $215s and use them to roll the June $180s higher – They are $35.50 and the $205s are $23.50 and I'd certainly rather sell 1.5x of those than 1x of the ones tat are $20 in the money – so I'd do that and add a few more long spreads.

    As to oil, see above.  You have no business hanging on at $99.76 through $100 if you don't intend to add 3 at $100.25 with a .05 stop and try again at $100.50 with a nickel stop.  Had you done that, you'd be out now even or better at $100 but you can't play futures to come all the way back.  Remind me in the web-cast and we'll go over how to raise your entry price AFTER you screw up.  

    Little gains/ZZ – Well said!  

    MtGox/BDC – Yeah, who'd have ever thought it would all unravel like that…. blush  Was that a spike down to $30?  ROFL – talk about flushing the stops…

    I'll still take 10 for $100 (my original bottom call after the first spike).

    Organs/Pharm – Going to be huge one day.  Assuming you can assemble them correctly, no reason they shouldn't function just like any other machine.  A long way to go but I can see that happening, given enough processing power and a way to store and print the raw materials.  Talk about playing God…

    Good point Winston.  



Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles