Side Hustle
#621
Gets Weekends Off
Joined APC: Aug 2014
Posts: 187
I was getting a bit concerned about TSLA valuation as well. Rather than paring my position I went with selling CC against a portion of it. I'll keep rolling them ITM, possibly out and up or maybe just out.
On a side note, Elon Musk is the richest person in the world and the TLSA shorts have lost close to 100 billion so far this year. Ouch...
On a side note, Elon Musk is the richest person in the world and the TLSA shorts have lost close to 100 billion so far this year. Ouch...
#622
This is just my personal prediction so YMMV, but between TSLA, Bitcoin, and S&P valuations at near all time highs, I think a reckoning is coming and it will end in Tears for many. When Meek Mill is talking about stocks the top has got to be near
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#623
I was getting a bit concerned about TSLA valuation as well. Rather than paring my position I went with selling CC against a portion of it. I'll keep rolling them ITM, possibly out and up or maybe just out.
On a side note, Elon Musk is the richest person in the world and the TLSA shorts have lost close to 100 billion so far this year. Ouch...
On a side note, Elon Musk is the richest person in the world and the TLSA shorts have lost close to 100 billion so far this year. Ouch...
#624
#627
Gets Weekends Off
Joined APC: Feb 2007
Position: Big ones
Posts: 708
Mine too.
can anyone educate a layman on bitcoin and crypto currency? They seem to be more of an indicator of economic stability rather than of actual monetary valuations. BItcoin jumped from 29k to over 40k just this week alone. 25%!!! Similar growth for RIOT and MARA. WHATS GOING ON HERE?
I recall the scene from Big Short where they’re all shouting ‘no no no’ but can’t put my finger on why. Any wisdom from the crowd?
https://youtu.be/wJNJrBvA_1o
can anyone educate a layman on bitcoin and crypto currency? They seem to be more of an indicator of economic stability rather than of actual monetary valuations. BItcoin jumped from 29k to over 40k just this week alone. 25%!!! Similar growth for RIOT and MARA. WHATS GOING ON HERE?
I recall the scene from Big Short where they’re all shouting ‘no no no’ but can’t put my finger on why. Any wisdom from the crowd?
https://youtu.be/wJNJrBvA_1o
#628
Gets Weekends Off
Joined APC: Nov 2011
Posts: 4,503
Mine too.
can anyone educate a layman on bitcoin and crypto currency? They seem to be more of an indicator of economic stability rather than of actual monetary valuations. BItcoin jumped from 29k to over 40k just this week alone. 25%!!! Similar growth for RIOT and MARA. WHATS GOING ON HERE?
I recall the scene from Big Short where they’re all shouting ‘no no no’ but can’t put my finger on why. Any wisdom from the crowd?
https://youtu.be/wJNJrBvA_1o
can anyone educate a layman on bitcoin and crypto currency? They seem to be more of an indicator of economic stability rather than of actual monetary valuations. BItcoin jumped from 29k to over 40k just this week alone. 25%!!! Similar growth for RIOT and MARA. WHATS GOING ON HERE?
I recall the scene from Big Short where they’re all shouting ‘no no no’ but can’t put my finger on why. Any wisdom from the crowd?
https://youtu.be/wJNJrBvA_1o
#629
Rather, it was the all the derivative products (the bets on bets, and bets on bets on bets), that truly magnified the result exponentially, and sank the whole world.
When I see crap being hawked on late night TV (gold, real estate, etc), that's my indication to exit the pattern.
#630
Yes, there was market "exuberance" over mortgage based securities, but the collapse of the real estate markets due to defaults on sub-prime lending wasn't what torched the world's economy. Yes, it was bad, but alone would have been just "Savings and Loan Crisis" bad.
Rather, it was the all the derivative products (the bets on bets, and bets on bets on bets), that truly magnified the result exponentially, and sank the whole world.
When I see crap being hawked on late night TV (gold, real estate, etc), that's my indication to exit the pattern.
Rather, it was the all the derivative products (the bets on bets, and bets on bets on bets), that truly magnified the result exponentially, and sank the whole world.
When I see crap being hawked on late night TV (gold, real estate, etc), that's my indication to exit the pattern.
Buy businesses (or shares of a business) and real estate that are a good value. Sell derivatives like options when they are overvalued. Problem solved.
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