Stocks Investing MONEY : Education?!! Pinkys : OTC

andre12031948 · 11-05-2013, 10:44 PM

To sell short TESLA/TSLA. I have my reason.....

Chuck33079 · 11-06-2013, 05:49 AM

Quote:

Originally Posted by andre12031948

To sell short TESLA/TSLA. I have my reason.....

Yesterday would have been the day for that, if yesterday's after hours trading holds up. And why sell short as opposed to options? You're taking a lot of risk.

Chuck33079 · 11-06-2013, 07:11 AM

Don't short it, buy some puts. That way you cap your losses. Selling short puts you in a position to suffer a massive loss, with the puts you can only lose your premium.

andre12031948 · 11-06-2013, 07:27 AM

Quote:

Originally Posted by Chuck33079

Don't short it, buy some puts. That way you cap your losses. Selling short puts you in a position to suffer a massive loss, with the puts you can only lose your premium.

I had talk about Tesla the way I did because the Govt. gives Tesla customers big money to buy that car, not to mention a big push because of green energy stuff. It's like if the Egyptian Suez canal got destroyed, how could one talk about investing without talking about the destruction of the canal & oil going through the roof & affecting the world's & our economy's????

So I had to say what I did, otherwise why have/talk about investing....

Puts? I have to learn more about that. I can't sleep today

Chuck33079 · 11-06-2013, 07:30 AM

Quote:

Originally Posted by andre12031948

IPuts? I have to learn more about that. I can't sleep today

Do some homework on that. It's still betting on the decline, but you're not forced to cover a short if you're wrong and the stock jumps up.

Meulen · 11-06-2013, 07:34 AM

Puts are expensive on TSLA! So do a put spread and save some cash!

Chuck33079 · 11-06-2013, 07:35 AM

Quote:

Originally Posted by Meulen

Puts are expensive on TSLA! So do a put spread and save some cash!

They're expensive for good reason

Still much, much cheaper than selling short and being wrong.

andre12031948 · 11-06-2013, 07:41 AM

Thanks to you.

The reason is because I targeted a $7.00 + price AFTER approval. So I sold at a good price without the risk & much less stress while seeing/waiting IF the casino vote turned my way

Chuck33079 · 11-06-2013, 07:42 AM

Quote:

Originally Posted by andre12031948

Thanks to you.

The reason is because I targeted a $7.00 + price AFTER approval. So I sold at a good price without the risk & much less stress while seeing/waiting IF the casino vote turned my way

And if the vote goes your way, it's all free money. It's a win-win.

andre12031948 · 11-06-2013, 07:44 AM

Quote:

Originally Posted by Chuck33079

And if the vote goes your way, it's all free money. It's a win-win.

It's DONE!!! You don't know that???

Chuck33079 · 11-06-2013, 07:46 AM

Quote:

Originally Posted by andre12031948

It's DONE!!! You don't know that???

No, it's not one I follow. I've lost my *** on casino stocks before.

What was the result?

Chuck33079 · 11-06-2013, 08:00 AM

Not bad. Up 20% premarket. You may be in for a nice ride.

andre12031948 · 11-06-2013, 08:14 AM

Quote:

Originally Posted by Chuck33079

Not bad. Up 20% premarket. You may be in for a nice ride.

I may sell the rest today then get back into it IF it goes back down to $5 range.

Don't really know/not sure of anything. TSLA on the sidelines for now.

My 350z is gone. I have a very nice 95 240sx/se all original! & a high mileage rusty 99 Max front wheel as my snow car. Don't want the 240 as my DD.
So this week I may buy a plain Jane 2012 370z as a D Driver till 2015 or find something I like.

Chuck33079 · 11-06-2013, 08:19 AM

Quote:

Originally Posted by andre12031948

I may sell the rest today then get back into it IF it goes back down to $5 range.

Not a bad plan. You'll enjoy the jump today, and get back in cheaper when everyone else starts taking profits out. And it will come back down temporarily. It's had too much of a run-up for people not to take their profits out.

andre12031948 · 11-06-2013, 08:22 AM

Quote:

Originally Posted by Chuck33079

Not a bad plan. You'll enjoy the jump today, and get back in cheaper when everyone else starts taking profits out. And it will come back down temporarily. It's had too much of a run-up for people not to take their profits out.

Some news comes out like a buy out for $20 & ,,,, as you can see, excited but NOT SURE of anything

11-05-2013, 10:44 PM	#1 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	next investment move will be To sell short TESLA/TSLA. I have my reason.....

11-06-2013, 07:11 AM	#3 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Don't short it, buy some puts. That way you cap your losses. Selling short puts you in a position to suffer a massive loss, with the puts you can only lose your premium. Meulen likes this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

11-06-2013, 07:34 AM	#6 (permalink)
Meulen A True Z Fanatic Join Date: Aug 2013 Location: Romeoville, IL Posts: 1,093 Drives: 2010 370z 40th Rep Power: 3391	Puts are expensive on TSLA! So do a put spread and save some cash! Chuck33079 likes this. __________________ Follow my build thread here: Meulens Build Journal

11-06-2013, 07:41 AM	#8 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	CHUCK- I did the right thing by selling 1/2 of my nyny stock when I did Thanks to you. The reason is because I targeted a $7.00 + price AFTER approval. So I sold at a good price without the risk & much less stress while seeing/waiting IF the casino vote turned my way

11-06-2013, 08:00 AM	#12 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Not bad. Up 20% premarket. You may be in for a nice ride. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

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