Side Hustle
01-08-2021, 01:47 PM
#621
Gets Weekends Off
Joined APC: Aug 2014
Posts: 187
Originally Posted by Gunfighter
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 APC: Dec 2007
Posts: 5,409
Originally Posted by DenVa
that’s the problem with shorting because of valuation. You can get crushed while you wait.
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 APC: May 2015
Position: A350 Both
Posts: 7,292
Originally Posted by Gunfighter
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
Gets Weekends Off
Joined APC: Jul 2006
Position: The Right One
Posts: 588
Originally Posted by DenVa
that’s the problem with shorting because of valuation. You can get crushed while you wait.
The movie, “The Big Short” comes to mind, concerning valuations.
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01-08-2021, 10:24 PM
#627
Gets Weekends Off
Joined APC: Feb 2007
Position: Big ones
Posts: 707
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 APC: Nov 2011
Posts: 4,502
Originally Posted by tripled
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 APC: Mar 2008
Posts: 3,835
Originally Posted by SabreDriver
The movie, “The Big Short” comes to mind, concerning valuations.
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Sent from my iPad using Tapatalk
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 APC: Apr 2007
Posts: 4,456
Originally Posted by NuGuy
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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