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Originally Posted by Gunfighter
(Post 3179167)
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... |
Originally Posted by DenVa
(Post 3179175)
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 nearhttps://uploads.tapatalk-cdn.com/202...91d87607d3.jpg Sent from my SM-N986U using Tapatalk |
Originally Posted by Gunfighter
(Post 3179167)
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... |
Originally Posted by DenVa
(Post 3179175)
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. Sent from my iPad using Tapatalk |
My shorts keep getting smaller and smaller, as do my pants. Maybe I need to exercise more.
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Originally Posted by SabreDriver
(Post 3179187)
The movie, “The Big Short” comes to mind, concerning valuations.
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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 |
Originally Posted by tripled
(Post 3179272)
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 |
Originally Posted by SabreDriver
(Post 3179187)
The movie, “The Big Short” comes to mind, concerning valuations.
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. |
Originally Posted by NuGuy
(Post 3179415)
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. 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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