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Tesla/Lithium stocks discussion

Prezatch

Have started a new thread...

Green Mile wrote: »

Elon Musk’s dream is to progress the whole electric car market not just for Tesla. He publishes the technology as open source for other companies to use to help them to compete with Tesla and each other, to help aid the progression of making electric cars more affordable and mainstream to the public. It doesn’t matter to him if people buy Tesla or Google cars etc, his main goal is to trigger a move for all car companies to direct their resources to getting electric cars to the market to “better the world”. He outlines this himself in many Tesla interviews online.

Tesla is
in my opinion,
not a long term company to invest in. The guy is worth 13Billion, this is a project/hobby to him. Elon Musk is the closest we have to a real life Iron Man and has a cult following.
I sold my Tesla shares at $244 and I think it was a good idea selling at that price when I did. It’s not a long term idea. But I could be wrong.

I also sold my holding today at $246, a tidy one month 24% gain.

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massdebater

https://www.boards.ie/discussion/comment/118144883#Comment_118144883

Yeah good idea if it was getting nervy! What did you buy them for initially?

dinneenp

https://www.boards.ie/discussion/comment/118145077#Comment_118145077

I bought them as I thought they had great potential to sky-rocket but also risky. They have rocketed, I think they could easily go higher but they often jump, fall slightly, climb up again.

Banana Republic 1

https://www.boards.ie/discussion/comment/118144883#Comment_118144883

Wouldn’t you just buy a yo-yo save yourself the grief.

massdebater

https://www.boards.ie/discussion/comment/118145349#Comment_118145349

Haha sorry I meant how much did you buy them for? I'm sure you bought them for the same reason we all did!

dinneenp

https://www.boards.ie/discussion/comment/118146158#Comment_118146158

Different prices. Some at €399, some at €413.

massdebater

https://www.boards.ie/discussion/comment/118146297#Comment_118146297

Happy days! You're probably aiming for below $7/800 to get back in then so

unkel

https://www.boards.ie/discussion/comment/118146447#Comment_118146447

I know I am 😂

FFVII

https://markets.businessinsider.com/news/stocks/big-short-michael-burry-elon-musk-tesla-stock-market-bubble-2021-11

massdebater

https://www.boards.ie/discussion/comment/118147865#Comment_118147865

Oh he's back again? 🙄 Thought he deleted everything after his latest prediction was wrong. He was right 13/14 years ago though!

littlevillage

https://www.boards.ie/discussion/comment/118149451#Comment_118149451

His bet against Tesla must have nearly wiped him out. Tesla rose about 50% in the space of 2 months after his big short bet 🙄

Eventually all these "soothsayer's" will be right, but the opportunity loss in the meantime could be substantial.

massdebater

https://www.boards.ie/discussion/comment/118149673#Comment_118149673

Yeah they spend so much time waiting for their "I told you so" moment, usually just mad they didn't get in earlier. Doesn't seem like a fun way to live!

FFVII

https://www.boards.ie/discussion/comment/118149673#Comment_118149673

Kiyosaki called it for October. Buffett is gone to cash.

"Its" coming, its deliberate and its gonna be big.

massdebater

https://www.boards.ie/discussion/comment/118152622#Comment_118152622

What is? Stock market crash? Or tsla stock?

FFVII

https://www.boards.ie/discussion/comment/118152887#Comment_118152887

Market

massdebater

Can't say I agree. People have to put their money somewhere and inflation is pretty high right now. Not to mention a market crash would be political suicide and the american's have shown they're willing to pump money in to keep it afloat. I think the days of long recessions are over. I could be wrong of course but march 2020 recovered very quickly.

Timmaay

I think like everything spread your risk, I'm in around 50% stocks, 25% crypto and 25% investment property at the sec, wouldn't mind dropping that % stock and increasing property in time.

patsy_mccabe

Elon Musk is the master of PR. He has so much power now with retail investors. He single handily knocked 20% off the Market Cap of Tesla by simply selling some of his stock. He crashed Bitcoin by 50% with a tweet. You have to wonder about investing your hard earned cash in something that can be devalued so easily.

Timmaay

https://www.boards.ie/discussion/comment/118155008#Comment_118155008

Yep fully agreed, but if you invested in Tesla or bitcoin a yr ago your money has gone like 2 or 3x, if you invested 2yrs ago its gone 5 or 6x, so what the hell does a 20% or even 50% pullback mean then (and obv btc has recovered back to ATH since that 50% pullback). The view I take is neither tesla or btc is going to go away anyday soon, would I bet the house on either, absolutely not, but I'll happily have the likes of 20 or 30% across them.

patsy_mccabe

https://www.boards.ie/discussion/comment/118157271#Comment_118157271

I posted this already some time back but, none of the top fund managers are buying either bitcoin or Tesla. Bitcoin is worthless and Tesla is seriously overvalued. Don't shoot the messenger, but a lot going to get burnt on these eventually.

FFVII

https://www.reddit.com/r/iamatotalpieceofshit/comments/qtsz9c/elon_being_elon/

fricatus

Good news for Tesla shareholders:

https://www.reuters.com/business/autos-transportation/tesla-delivers-308600-vehicles-q4-beating-estimates-2022-01-02/

Banana Republic 1

https://www.boards.ie/discussion/comment/118410134#Comment_118410134

I imagine all those above who sold in a short term get rich quick strategy are kicking themselves.

unkel

https://www.boards.ie/discussion/comment/118411071#Comment_118411071

Haha, you got me! If I'd kept the $6k I invested in Tesla a couple years ago, I would now have $200k. Instead I made 2 quick investments that both netted me 50% profit within a few months - I am risk averse generally, so I take a profit when I can. I can cry all day long about what could have been, but I am genuinely happy for people who have held on. Fair play lads, you made a historically massive return that the stock market had never seen before in a top 10 company 😁

Now for those poor deluded souls who went short on TSLA? It seems none of them reported back in this thread for a long time. I just hope they didn't ruin themselves. Not just financially but also emotionally and morally with their negative take on life and progress...

Thargor

Pilbara Minerals PLS now up 300% in a year, also a ten bagger on the cheap shares holders were offered a while back, biggest performer in my portfolio by a long shot.

Banana Republic 1

https://www.boards.ie/discussion/comment/118414053#Comment_118414053

Even if you left half or a quarter, perhaps you needed the money so fare enough. I do wonder about the strategies used by people here at least five years is my maxim unless other things happen. Constantly obsessing over you’re portfolio 24/7 is nightmare ish imo.

massdebater

In a world of exponential returns, you should never completely close out a position if you want to take profits. Even leaving 10-20% behind can be good, especially with disruptive/newer technologies. Humans are linear thinkers so it can be difficult to wrap our minds around the idea but mathematically this is the best strategy. Most of the time it won't work out but, when it does, it more than makes up the difference. Tesla is a recent example of this, but it was also true of the likes of Amazon, Microsoft, Bitcoin etc, and it will likely happen many times in the future too.

crushproof

https://www.boards.ie/discussion/comment/118414268#Comment_118414268

Dear God that's incredible, and I went for TAW over PLS back in the day. Haven't gone near the ASX since.

kerry_man15

https://www.boards.ie/discussion/comment/117756261#Comment_117756261

Hi Thargor, Fernando Torres and beertons...saw you discussing shares listed on the ASX, just wondering if you are based in Australia or Ireland? Have watched PLS over the past 2 years or so...didn't jump in at any stage so missed that boat. Have invested in other lithium and copper stocks though.

Thargor

https://www.boards.ie/discussion/comment/118415562#Comment_118415562

Well its 1000% from the lows of the last 2 years aswell, its incredible.

Thargor

https://www.boards.ie/discussion/comment/118415635#Comment_118415635

Im in Ireland, never had any bother with the ASX on degiro.

There are massive shortages forecast for all lithium related stuff for the next 2 years and beyond, same for nickle and cobalt, I think you'd have to be mad not to have a bit of exposure to this in your portfolio.

PLS is a winner though, a company called Altura went bust like Tawana did during the bizarre fake squeeze on lithium in 2020 and PLS picked them up for basically nothing, with the way prices are going now thats looking like one of the deals of the century:

https://www.australianmining.com.au/news/altura-shows-plenty-of-promise-for-pilbara/

PLS is also getting into downstream processing of the product aswell as just mining also, there could still be a long way to go here, then again its the wild west of the ASX so never invest a cent you're not prepared to lose.