Just sold my leftover 1/2 position of TSLA up +10%. I almost sold it last week but liked Elon’s tweet so kept it.
I bought it in February at 39. Pretty sure I top-ticked it. Genius! When it crashed into the 34s I violated the “cut your losses before you bleed” rule because I knew it would go back up. I didn’t know how long it might take, but I knew (of couse assuming the market didn’t completely roll over that is.)
Sold my first half when it came back and I broke even on it. Kept the other half on because one thing I strongly believe is Trust in the Paypal Mafia. I know some of these guys personally and they are smart. I take their smarts over Zuckerburg smart any day of the week. Plus the FB seed money came from the Paypal mafia so there you go :)
I snicker repeatedly when I read people’s snarky comments on StockTwits or Twitter about LNKD or TSLA. Or even YELP. Or FB for that matter. But they don’t know these guys. And live to scalp $0.10 on trades.
I was **very** dumb in that I didn’t buy LNKD for my 401k last year instead of just trade in and out of it. But oh well. Shoulda, woulda, coulda. Not sure TSLA performs like that but who knows. Maybe I should sock some away in my 401k. It’s a technology company. Not an auto company. But I sold it out of my trading account this morning because a) it’s for trading and not keeping and b) pigs get slaughtered.
I like the first day of the quarter so far. No joke :)
Also…Elon looks like John Barrowman (Torchwood, Arrow) who I thought looked like Tom Cruise when I saw him at SDCC. Yet Elon looks nothing like Tom Cruise so…….weird! (it’s their chins!)
Elon Musk
John Barrowman
Tom Cruise
