With the recent drop in TSLA stock and now below 300, anyone suggested to buy now? I see this stock hitting $450-500 in future?? Let's hear what some expert financial person thinking is? Time to buy or will continue to go lower?
With the recent drop in TSLA stock and now below 300, anyone suggested to buy now? I see this stock hitting $450-500 in future?? Let's hear what some expert financial person thinking is? Time to buy or will continue to go lower?
Buy buy buy. You have to understand that this is a high risk, high reward kind of name.[/QUOTE]
I LIKE your enthusiasm!
However Tesla has never made a dollar. Not one. Sucked up lots of taxpayer's dough, though. :redface:
It's not all in a name.
I've read they are having production problems. Gee, no kidding... . . . . . promises, promises.
Making money, and by that I mean profit as defined by GAAP, not the other flakey reporting measures that seem to be in favour does not necessarily correlate to stock price. Think back to the .com bubble. Lots of high market value companies running with really large negative P/E ratios that never managed to go positive.
If you are at all inclined to get in on the high risk fluff stuff (think Dutch tulipmania) have a look at Hive Blockchain Technologies. Bunch of gold miners decided to get into the Bitcoin blockchain mining process (its mining - right?). I am not sure any of them know anything about cryptography or can even spell cryptography; but, they do know how to raise venture capital. Gold miners - reminds me of Bre-X.
With the recent drop in TSLA stock and now below 300, anyone suggested to buy now? I see this stock hitting $450-500 in future?? Let's hear what some expert financial person thinking is? Time to buy or will continue to go lower?
Making money, and by that I mean profit as defined by GAAP, not the other flakey reporting measures that seem to be in favour does not necessarily correlate to stock price. Think back to the .com bubble. Lots of high market value companies running with really large negative P/E ratios that never managed to go positive.
If you are at all inclined to get in on the high risk fluff stuff (think Dutch tulipmania) have a look at Hive Blockchain Technologies. Bunch of gold miners decided to get into the Bitcoin blockchain mining process (its mining - right?). I am not sure any of them know anything about cryptography or can even spell cryptography; but, they do know how to raise venture capital. Gold miners - reminds me of Bre-X.
What's your opinion on cryptocurrency? I am thinking of jumping in on Ether....
As an investment or as a way to hide your transactions and money :smile:?
Ethereum claims to use the same blockchain technology as Bitcoin and their description of the differences relative to Bitcoin does seem a bit like advertising hype. As an investment, the change in value of crypto currencies is just way too volatile for my liking. The value of Bitcoin has gone from around $2000 Cdn about a year ago to around $12,000 with no apparent fundamental reason for the valuation other than what that is what people appear to be willing to pay for it. It makes the supposed bubble associated with the greater Vancouver housing market look rather anemic. There have been various description's of crypto currencies as Ponzi schemes and Pyramid schemes; however, Ponzi certainly implies fraud and I don't think there has been any mis representation of what the crypto currency is. I like the description provided by a law professor who described it as more like a case of 'collective delusion'.
Bre-X had a significantly less bubbly valuation, in 7 years going from $0.30 a share (1989) at the time of its IPO to around $286 Cdn (1996) before the toilet got flushed. In the last 7 years Bitcoin went from somewhere around $0.10 to $12,000 making Bre-X look like a plonker. Bre-X was a definite fraud because the investors were promised something (gold) that didn't exist. Bitcoin is perfect because nobody is promising anything so it can't be fraud - right? However, the frothy nature of the Bitcoin valuation does seem to make it subject to manipulation. I seem to recall something last September about J. Dimon from J P Morgan Chase calling Bitcoin a fraud and then going out and buying a bunch of Bitcoins for its clients. I recall that a hedge fund operator filed a market abuse complaint against JP Morgan because of the alleged manipulation.
If you feel the need to invest, I am thinking about setting up the OldGuy cryptic currency. Buy in early and I will send you regular valuation reports from my new offices in Panama.
I was thinking of buying one or two for shits and giggles haha
You probably know this but Musk sold Pay Pal to start Tesla..Honestly I’d rather buy chipotle then Tesla. But that’s me and i’m No expert or else I would have bought Facebook and Paypal years ago... the market is supposed to level out or so they say in the next few years so keep that in mind if it does. As some say you need to be in it for the long hull.
You should not take my advice, however it’s an opinion. I am not short nor long Tesla.
You probably know this but Musk sold Pay Pal to start Tesla..
Who had fun with LFIN today? Spill it!!!
musk is more interested in mars than cars.....:wink:
No - you clearly fail to understand the underlying strategy! You need electric cars for Mars. Create a new market and then position yourself to supply that market.
"Model S", "Model X".. C'mon... how much more obvious can he be!haha the Henry Ford of Mars!!!!!!!