Tesla Stock Split Update

[RedStallion]

So sorry, I thought you were joking with Gordon Johnson. Be careful who you get financial advice from

Once you switched to personalities you already lost the argument. It's not difficult to understand why Tesla cult doesn't like Gordon Johnson, because his objective analysis destroys their faith. They instead need sermons from the Tesla shills.

Gordon Johnson is one of the best analysts, the fact that uneducated youths keep buying meme stocks, bitcoins, and listen to crazy Cathie Wood is the subject for psychologists. Gordon provides good information, he doesn't feed BS like their lord and savior Elon Musk.

So if you want to have a rational discussion, tell us what part Gordon got wrong?

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[JCHLi]

I thought it "always goes up" after a split...

 

[RedStallion]

I thought it "always goes up" after a split...

Except when it doesn't ?

The last few years the stock market turned into a circus, filled with people who know nothing about investing chasing all sorts of junk, like meme stocks, SPACs, shitcoins, etc. Even now in this bear market they keep buying the dips instead of selling the rips. The Tesla fantasy price is ridiculous beyond belief, but the bubble is going to burst, they always do. Tesla's price based on fundamentals is 20 lower than its current market price, and fundamentals inevitably win.

 

[nvabill]

I thought it "always goes up" after a split...

Thanks for the update, I never looked at what it did after the split, guess I'm not a good day trader am I. ?

 

[JCHLi]

Thanks for the update, I never looked at what it did after the split, guess I'm not a good day trader am I. ?

There are no good day traders, just day traders whose luck hasn't run out.

 

[nvabill]

There are no good day traders, just day traders whose luck hasn't run out.

Probably true.

 

[tannerk89]

Except when it doesn't ?

The last few years the stock market turned into a circus, filled with people who know nothing about investing chasing all sorts of junk, like meme stocks, SPACs, shitcoins, etc. Even now in this bear market they keep buying the dips instead of selling the rips. The Tesla fantasy price is ridiculous beyond belief, but the bubble is going to burst, they always do. Tesla's price based on fundamentals is 20 lower than its current market price, and fundamentals inevitably win.

The stock market has always been a circus. Everyone who was investing in the 90s thought they were Warren Buffet and “gaming the system”. Pretty much the same now except people at least have self awareness of what’s really going on.

 

[RedStallion]

The stock market has always been a circus. Everyone who was investing in the 90s thought they were Warren Buffet and “gaming the system”. Pretty much the same now except people at least have self awareness of what’s really going on.

Have to disagree. I've been a long time in this game and the markets were mostly rational with some exceptions. The last few years remind me the craziness of 2000 on steroids. That time the crash was spectacular, we'll see if the fireworks this time will be bigger because the participants look dumber than ever before.

 

[RedStallion]

There are no good day traders, just day traders whose luck hasn't run out.

I would say, the only good day traders are the market makers, they fleece both the buyers and the sellers while staying neutral.

 

[Mach1E]

+1000 Could not agree more! I have followed this for 30 years.

30 years? Ouch.

How did that go for you during the lost decade? (2000-2010)

Investing is like anything. You can do it yourself if you have the Knowledge, Time and Desire.

If you’re missing any one of those 3 things? Hire a professional to do it for you.

If you have the knowledge, time and desire to plumb your own sink, go for it! If not, hire a plumber.

 

[RickMachE]

On 8/23/22, stock was $296.45. Yesterday closed at $256.79...

 

[nvabill]

Bringing back some nostalgia from a year ago, I see! Time flies, doesn't it?
Back in 2022, you were excited about the Tesla stock split. I hope it turned out to be a positive move for you! A 3-for-1 split can shake things up and create new opportunities.
Swing trading for beginners can be an interesting strategy to explore. If you were considering it back then, I hope you took some time to learn the ropes and understand the risks involved. It's like riding a rollercoaster, but with careful analysis and market observation. Tesla's stock split might have brought some volatility to the market. It's always fascinating to see how these events impact stock prices and trading patterns.

Still holding my stock, I’m not a day trader so I just let it ride, only time will tell.

 

[nvabill]

On 8/23/22, stock was $296.45. Yesterday closed at $256.79...

Thanks Rick, I had no idea, didn’t even know where to find it.

 

[nvabill]

On 8/23/22, stock was $296.45. Yesterday closed at $256.79...

Thanks again, you actually got me to look it up, presently trading for $275.45.

 

[nvabill]

Tesla stock is on fire!

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