Side Hustle
01-08-2021 | 01:47 PM
#621
Line Holder
Joined: Aug 2014
Posts: 229
Likes: 6
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...
01-08-2021 | 02:03 PM
#622
Gets Weekends Off
Joined: Dec 2007
Posts: 6,193
Likes: 254
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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01-08-2021 | 02:06 PM
#623
Gets Weekends Off
Joined: May 2015
Posts: 7,292
Likes: 0
From: A350 Both
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...
01-08-2021 | 02:26 PM
#624
Line Holder
Joined: Jul 2006
Posts: 605
Likes: 7
From: The Right One
01-08-2021 | 10:24 PM
#627
Line Holder
Joined: Feb 2007
Posts: 1,096
Likes: 140
From: Big ones
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
01-09-2021 | 06:08 AM
#628
Gets Weekends Off
Joined: Nov 2011
Posts: 4,561
Likes: 20
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
01-09-2021 | 10:14 AM
#629
Gets Weekends Off
Joined: Mar 2008
Posts: 4,105
Likes: 100
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.
01-09-2021 | 11:46 AM
#630
Gets Weekends Off
Joined: Apr 2007
Posts: 5,609
Likes: 623
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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