What concerns me is that the most recent high came just after blow out earnings. The stock went up for a day and has since sold off. What's going to happen to that stock if they ever miss?
P/E for F and GM is single digits. TSLA is triple digits.
Tesla TSLA has topped
- Thread starter Master Pu
- Start date
P/E for F and GM is single digits. TSLA is triple digits.
unfortunately with spy trending down...this year looks like the beginning of a bear market. so all the fang stonks including tsla will trend down in the foreseeable future. all long term investor will be just holding and watching their 401k drop dramatically for now...i don't see a rebound until ukraine war is over, inflation is tapering off, fed stop raising interest rate and 30 year mortgage rate coming back down to 3% - 4% etc...stay tuned for my stonk market analysis of the spy chart.
you don't need to listen to rumor...pull out a chart for arkk and compare it with stonks like: pypl, sq, tdoc, zm, roku....those stonks are down 70% - 90% from its high. does it reminds you of the dot com bubble back in 2000? tech stonks that doesn't really make any money got hit the hardest....then next come the heavy hitter like msft, aapl, intc, csco back in 2000...which began to down trend etc.
Oh Ya it reminds of 2000. That was the market move that taught me that there was a way to protect my capital. It showed me that the only way I could effectively avoid big downturns was to get out of the market when it started to go down. It changed me from a buy and hold investor to a speculator.
why don't you join the party and begin shorting the stonk market like me?
I thought you were long TSLA.
This is a TSLA thread after all. How did we get discussing the general market?
suntrader were discussing about e-mini in this thread first...maybe you should ask him. i'm just giving him a suggestion.