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Economy stonks v27: banks, the kings of vega

Rob Battisti said:
Doubling my big TSLA bag either way. Wish I did this earlier but what can ya do
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I see this selling off. This macro environment is going to be tough IMO hence why Tesla margins are shrinking YOY. Operating margins 14.6% YOY and now 9.6%. Tough sell to pump the stock higher near term with margins lowering every quarter.

Pullback here IMO, chance for you to pick up cheaper shares.

All cash now in my trading account.. Hoping for a pullback in banks to get back in! It's been a helluva a run for me this month, best month in two years :)
 
Gas121 said:
I see this selling off. This macro environment is going to be tough IMO hence why Tesla margins are shrinking YOY. Operating margins 14.6% YOY and now 9.6%. Tough sell to pump the stock higher near term with margins lowering every quarter.

Pullback here IMO, chance for you to pick up cheaper shares.

All cash now in my trading account.. Hoping for a pullback in banks to get back in! It's been a helluva a run for me this month, best month in two years :)
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Same! Been a great month.

Have any TSLA targets you think it would hit?
 
Rob Battisti said:
Same! Been a great month.

Have any TSLA targets you think it would hit?
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Nice one. Rivian really turned it around this month. I sold yesterday for 80% profits. Feeling good about it as well.

Tesla stock is unpredictable really but my thesis would be on this run of +170% YTD, you'd have to think a pullback with signs of a tougher macro environment going forward.. The rate hiking are starting to hurt companies more now. Earnings weren't bad for Tesla. But honestly I see under $250 unless Musk has something up his sleeve! If Fed hikes more the market will for sure sell off.

Buying up here is starting to become to risky for me IMO. Let's see how earnings go this quarter!
 
Gas121 said:
Nice one. Rivian really turned it around this month. I sold yesterday for 80% profits. Feeling good about it as well.

Tesla stock is unpredictable really but my thesis would be on this run of +170% YTD, you'd have to think a pullback with signs of a tougher macro environment going forward.. The rate hiking are starting to hurt companies more now. Earnings weren't bad for Tesla. But honestly I see under $250 unless Musk has something up his sleeve! If Fed hikes more the market will for sure sell off.

Buying up here is starting to become to risky for me IMO. Let's see how earnings go this quarter!
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Rivian is such a weird one for me. Riding Tesla coat tails. They still lose so much on every vehicle.
 
Rob Battisti said:
Rivian is such a weird one for me. Riding Tesla coat tails. They still lose so much on every vehicle.
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The Rivian truck looks great but yeah I agree. This high interest rate and weakening economic environment does not bode well for EV start ups at the moment. If Rivian can navigate through it I see them doing well but its super risky hold atm.
 
Gas121 said:
The Rivian truck looks great but yeah I agree. This high interest rate and weakening economic environment does not bode well for EV start ups at the moment. If Rivian can navigate through it I see them doing well but its super risky hold atm.
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Can they ever become profitable? Doubt.
 
Rob Battisti said:
Can they ever become profitable? Doubt.
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Meh, not anytime soon. Honestly, with cash running thin for the average consumer, it's a tough road ahead for new EV companies.. Tesla capitalised at the right time so they can't really fail. The others are just a gamble with established legacy makers now ramping up EV too.

Looks like we might just get a sell off 2moro.
 
$AAL with a good earnings and they are walking it down. I don’t get it sometimes. I planned on holding to 2024 anyway but if ends up down today after the earning then momentum will be killed.
 
Gas121 said:
Meh, not anytime soon. Honestly, with cash running thin for the average consumer, it's a tough road ahead for new EV companies.. Tesla capitalised at the right time so they can't really fail. The others are just a gamble with established legacy makers now ramping up EV too.

Looks like we might just get a sell off 2moro.
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I have the dry powder waiting after the -5% today
 
Bought a small amount of GOOGL at $118.61. Their cloud turning profitable was a very good sign.

Consider that it was launched 15 years ago and they suffered billions in losses before they were able to finally turn a profit. Goes to show how much of a moat the business has and how large the barriers to entry are. Not many could afford to do that, and wait that long for the payoff to start. Amazon, Microsoft and Alphabet control more than 3/4ths of the US market, and you're not going to see some sea change in the market share.
 
Damn looks like I was a bit early selling my PKX. Up another 9% today. Almost 100% for the year.
 
Cashed Rivian puts. Will short any bounce from here on the stock. Seems to be stuck up here,

Snap puts next week me thinks. It’s a zombie company really.
 
Gas121 said:
Cashed Rivian puts. Will short any bounce from here on the stock. Seems to be stuck up here,

Snap puts next week me thinks. It’s a zombie company really.
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100% shorting Rivian is the way to go
 
Reupped my TSLA position and bought a small BITF position. There will be time prior to the halving to get in on some mining stocks and BITF looks the most solid one to me.

$265 TSLA will consolidate before another run up to and past $300. Mexico and India gigafactories on the way along with Cybertruck incoming.
 
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