Axel: you know what I am talking about. Click the URL, read the post, and respond.
Bob: Yes, exactly, covered calls are like selling your birthright for a bowl of cold porridge.Anyone who says otherwise hasn't had any experience with them. And you're even more spot on with mentioning how when you don't get called out you make little, but when you do, you lose a lot.
TSLA - I've made a number of "mistakes" with TSLA over the years, namely, selling it too quickly. Not as in day trading quickly, more like - position trading, short to medium term quickly.
I rebought it about a year ago on that dip to the 180s. I decided that this time I would hold it long term.
I kept thinking on each double, 380, 760, etc. that I would sell it, but I didn't. Of course now it's way down compared to the 950s that hit twice, and at that time when it was in the 950s I entered a GTC sell order for around 1050 which hasn't expired yet I don't think? so anyway that remains my target even though it is much further away now than it was when it hit 968.
As far as why I am a TSLA bull, the stocks I like to hold long term are industry leaders like AAPL GOOG/GOOGL TSLA NFLX AMZN (just to name a few, on the tech side). Of these NFLX and AMZN were unprofitable for a long time, no? as is TSLA now (most quarters). I believe that TSLA will sustain profitability at some point (as you know they have booked a profit here and there some quarters).
But, when it comes to electric cars, TSLA remains in my opinion the industry leader. All the other electric cars that have come out to compete from it, such as from Porsche, have been no comparison. The Porsche Taycan has barely a 200 mile range and I understand that in real world testing it has not even achieved that. TSLA's high end range is pushing 400 miles no? Until I see some competitors closing in on TSLA's electric car range, I don't see anything else as comparable.
Anyway, besides all that, TSLA stock has momentum and once this coronavirus mess clears I believe it will be be back on track for 1000 per share.
The only real argument against TSLA is that it will fail, as any independent auto maker in the U.S. has always failed. But as long as TSLA maintains its industry leader status, I don't think it will fail.
If you watch the market, yes we are in the toilet, but there are certain stocks like AMZN and TSLA that the buyers are still snapping up on some (not all) of the dips. I think that the street senses that something big is going to happen with stocks like these, and that to let them go entirely would be a mistake.
Yes I mean - stocks are real world. Gambling is what it is. I'm not trying to make a living at gambling.
TSLA is not going to go straight up, but I think it will get to 1000+ eventually.
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