Quote:
Originally Posted by PeanutButter
@hehe Peter Lynch has said, [the moment you're confident about a position is the moment you need to re-evaluate that position].
My problem and it seems like yours is that we're trying to re-evaluate our position, but it just makes our conviction stronger in TSLA.
Everything you said is true and it seems obvious to me this company is a winner, but no one else sees it. That's why I get so confused with myself. Like how is it so obvious to me and apparently you, and no one else can see it?
It's such a mind fuck. I have never been so convicted in my life before. TSLA truly is a cult and I have to be drinking the kool-aid.
That fucking guy Elon just said Semi production has now started and they are set for deliveries in December... If the Semi is what it's supposed to be, it's going to change the entire trucking industry and that's only TWO damn months away. (Semi was announced in 2017 though... so i'll believe it when I see it)
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I question about my stock portfolio almost on a daily basis. There is one question to ask every single day about every stock:
Has the fundamentals about the company changed?
I then analyze it on both micro/macro levels.
As of right now, TSLA has no change in the fundamental value proposition. The problem is the macro environment. How do I combat this? I keep buying short term puts options as a way to hedge against my long position. Being short term, they are relatively cheap. So, if share price goes up... great. My portfolio goes up overall. And if share price do fall... instead of losing 5% a day... I'm only losing 1-2% as the puts goes up exponentially.
Then rinse and repeat. Yes, there's some cost involved. But the idea is that with a strategy like this, when stock goes up say 10%... you only gain 9% as that 1% served as insurance policy. If the stock falls 10%, then the insurance kicks in and instead of losing 10%, I lose 2-4%. And at the end of entire cycle, I'd come out with more money than if I didn't apply the hedge.
@68style I'm heavy in Albermarle (ALB). The reason is simple... they are big. Not only they are better positioned to benefit for a potential shortfall of supply, they are a lot more likely to be absorbing any short-term shocks (both positive and negative).
Disclaimer: not investment advise. Invest at your own risk. I'm just sharing what I do/think.