Will TESLA recover??
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rouge — 5 years ago(March 16, 2021 12:41 AM)
on the other hand, Musk's other companies particularly space-x and especially solar city have real growth potential. if these got bundled into a "holding company" where you could invest in that and not the highly volatile Tesla only, then that would benefiit the investor. BUT a holding company is boring and bland and that doesnt feed the hype need of Musk's ego. so it probs wont happen.
Here’s where my ignorance comes through, because I definitely thought all of those ventures were bundled in TESLA. Basically, we have to wait until they become like Alphabet (aka Google)? Oyyy I’m less interested in them now lol
speaking of crashing and burning: nobody trusts Boeing after the 737 mAX fiasco. Airlines and countries are looking to airbus and the chingchongs to be the airplane supplier for the future. yes, Boeing has recently had some sales; but i suspect there's gonna be more problems with the 737 max flight control system which caused those deaths last year. also, since the software "fixes" were so involved and complicated, i believe the fixes will create their own problems and more planes will crash. Boeing can not survive another scandal.
Interesting. I am invested in both Boeing and Airbus since they dominate the airplane manufacturing industry. The way I see it, even if Boeing does continue to **** up, it’s not like a new competitor can take their place. Both of them essentially seesaw with one another and I could profit from both at the right times.
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— 5 years ago(March 17, 2021 02:42 AM)People who posted here earlier get attention and what is wanted if they do "drop by."
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Aj_goodfellow — 5 years ago(March 16, 2021 05:57 AM)
I hope you didn’t buy it when it was still expensive or after the peak. It’s hard to get a good return if the value is high to begin with. Then they just lost more than 20%. But it’s just a paper loss. You don’t get the cash until you sell anyway and I’m sure it will return to its high eventually. It just might take a while.
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rouge — 5 years ago(March 16, 2021 03:16 PM)
Not sure, I bought it on the first week of January. Also, by it, I mean I purchased the ARKK ETF which holds majority Tesla stock (thankfully didn’t invest directly in the company). Bought at $136 and now it’s $129 which translates as a $200 loss for me
I think I’ll just wait until I can break even and then try to sell then
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Aj_goodfellow — 5 years ago(March 16, 2021 07:54 PM)
Lol you’re funny. You have an index fund and worry about a single stock in it? It’s an actively managed fund. The stocks are constantly bought, sold and re-shuffled by the fund manager.
If there’s a loss then they buy or sell to balance it and get a decent profit. In fact, if Tesla’s value is dropping they are more likely to buy more rather than sell.
If you plan to buy and sell quickly then why purchase a fund that’s best held over the long term? And you wouldn’t “lose” $200 unless you sold it today. ETFs are best when bought and forgotten about until actually selling after being held for many years.
Sorry I don’t mean to be critical, I’m just trying to understand your outlook and strategies.
, I've never seen you either and I've been around IMDb boards long enough that my account is only a few years away from being able to buy beer.