Stocks Investing MONEY : Education?!! Pinkys : OTC

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?

andre12031948 · 11-06-2013, 07:58 AM

Quote:

Originally Posted by Chuck33079

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

What was the result?

Casinos approved!!!!!

Only 4 for the first seven years, & 99.9% I know which one is one of them

& the ONLY public traded one as well.

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

Chuck33079 · 11-06-2013, 08:23 AM

Well, set aside a portion and let it ride. Nothing says you have to sell it all. Sell all but a few thousand shares and see where those go.

andre12031948 · 11-06-2013, 08:23 AM

I can't complain

andre12031948 · 11-07-2013, 12:05 PM

That's because at $5 this stock can be a double or more, or a crying mess

4 casinos were approved. Saratoga in my opinion is an 80% being one of them. Yonkers at 50%. Empire resort/NYNY 99%. The 4th ???? Maybe in Ellenville 35% chance.

So if/when NYNY is chosen, after that time or before, Genting owners of the Aqueduct racetrack racino & 80% owners of NYNY might buy out the rest of the stock holders. There's also a very good possibility that Ceasars or another giant casino player buys out the resort. If that happens, the price of a share might triple or more.

The down side & I've said it before, It's NOT an investment!!!, it's a gamble.

If Empire/nyny does NOt get picked, you will lose most of your money....

bigdog1250 · 11-07-2013, 04:05 PM

TSLA is getting hurt way more than it should, they are going places in the next few years. Just not sure what to do with the stock in the short term.

Luckily I didn't drop much cash on options, but I'm getting pounded on the shares I'm holding.

Would love to put the money somewhere else but I usually only trade auto manufacturers, primarily Ford.

andre12031948 · 11-07-2013, 05:32 PM

Quote:

Originally Posted by andre12031948

One, I wanted to short TSLA when it was I believe in the $190's. I didn't want/couldn't because of my big play & concern with casinos in N.Y.

I also didn't/couldn't know about TSLa's earning news before it came out

NYNY is now my # ONE play by far. As far as TSLA, if it takes a jump up, I WILL manage to short it. I think TSLA will go under $100 before the 2014 elections. Obama & Obama care is involved in the future our economy & the support of MUSK & TESLA. Also the COOL guys already bought the car & TSLA & the other subject will not be very cool anymore !!!!!

If I could short the USA for the next 3 years, I would...Now I got to go get some sleep. Excitement woke me up

That's ^^^^^^one smart guy....

11-06-2013, 07:41 AM	#287 (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	#292 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29538	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

11-06-2013, 08:23 AM	#296 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29538	Well, set aside a portion and let it ride. Nothing says you have to sell it all. Sell all but a few thousand shares and see where those go. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

11-06-2013, 08:23 AM	#297 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	when you deal with good or better than good I can't complain

11-07-2013, 12:05 PM	#298 (permalink)
andre12031948 Banned Join Date: Feb 2011 Location: monticello new york 127 Posts: 1,095 Drives: 08 350z black 6m/t Rep Power: 0	Bought back a large position in Empire resorts/NYNY That's because at $5 this stock can be a double or more, or a crying mess 4 casinos were approved. Saratoga in my opinion is an 80% being one of them. Yonkers at 50%. Empire resort/NYNY 99%. The 4th ???? Maybe in Ellenville 35% chance. So if/when NYNY is chosen, after that time or before, Genting owners of the Aqueduct racetrack racino & 80% owners of NYNY might buy out the rest of the stock holders. There's also a very good possibility that Ceasars or another giant casino player buys out the resort. If that happens, the price of a share might triple or more. The down side & I've said it before, It's NOT an investment!!!, it's a gamble. If Empire/nyny does NOt get picked, you will lose most of your money....

11-07-2013, 04:05 PM	#299 (permalink)
bigdog1250 Track Member Join Date: Nov 2008 Location: San Francisco Posts: 846 Drives: 991.2 GT3 Rep Power: 17	TSLA is getting hurt way more than it should, they are going places in the next few years. Just not sure what to do with the stock in the short term. Luckily I didn't drop much cash on options, but I'm getting pounded on the shares I'm holding. Would love to put the money somewhere else but I usually only trade auto manufacturers, primarily Ford. __________________ 350z / 40th 370z / C6 Z06 / BMW M4 / V10 R8 / C7 Grand Spot / 997.1 GT3 / S2K / Camaro ZL1 / 718 GTS / 991.2 GT3

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