If, on January 1, 2013, instead of buying a Tesla Model S for $105,400, someone used that money to buy TSLA stock, it'd be worth over $2,750,000 today.

"davesaddiction @ opposite-lock.com" (davesaddiction)
02/04/2020 at 10:38 • Filed to: None

I have a similar story about buying an Apple computer in 2003... (would be worth $740k). Hindsight is a bitch.

DISCUSSION (55)

Dr. Zoidberg - RIP Oppo > davesaddiction @ opposite-lock.com
02/04/2020 at 10:48

I try not to look back and just take one step forward every now and then.

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 10:48

I bought $800 worth of Tesla stock the week they went public and several weeks ago, it was worth a little over $10k. I then sold about $2,000 worth to buy that beater Vic.

Under_Score > davesaddiction @ opposite-lock.com
02/04/2020 at 10:49

In a stock game last semester, I was furious when my shares plummeted $40 because of Cybertruck. They went down to $330.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 10:57

Nice - glad you held onto the rest!

davesaddiction @ opposite-lock.com > Dr. Zoidberg - RIP Oppo
02/04/2020 at 10:57

Good advice. Slow and steady wins the race, so they say.

Dr. Zoidberg - RIP Oppo > davesaddiction @ opposite-lock.com
02/04/2020 at 11:00

Oh it’s not advice; it’s just a coping mechanism.

Kinja'd!!!

davesaddiction @ opposite-lock.com > Dr. Zoidberg - RIP Oppo
02/04/2020 at 11:01

Ha!

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 11:03

Wish I’d bought more, but at the time, to do so would have constituted a gamble in my mind, so I bought what I felt comfortable with. And the bit I sold, I did so at a peak.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 11:03

Selling some more today?

Future next gen S2000 owner > davesaddiction @ opposite-lock.com
02/04/2020 at 11:04

There is no logical reason for the spike we saw 2019 . If I had the cash, I’d short and wait for correction. It has to be coming in 2020.

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 11:08

Nope. I have a day off on Monday and I’m planning to finish up some automotive odds and ends. I need a headlight and marker and rear view mirror on the Vic to make it basic safety. Also, a couple of new tires to mount from the swap meet. And the Safari needs the new trans tail shaft mount installed and new sway bar bushings.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 11:13

A full day!

davesaddiction @ opposite-lock.com > Future next gen S2000 owner
02/04/2020 at 11:13

Yeah, it’s insane...

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 11:16

I’ll be regaling the Board about it, most likely.

jimz > Future next gen S2000 owner
02/04/2020 at 11:32

yep, with that curve says “bubble.” Bubbles don’t hold together once people start cashing out.

WilliamsSW > Future next gen S2000 owner
02/04/2020 at 11:39

Margin calls can be a bitch when you short a stock like this though. Not for the faint of heart, or the shallow pocketed.

But yeah it doesn’t make a lot of sense to me.

Tripper > davesaddiction @ opposite-lock.com
02/04/2020 at 11:45

My biggest win was with AMRN. I sold after I went over 700% in a matter of days/hours.

Kinja'd!!!

The tendency is to wish I bought more. Instead I’ll be happy that it happened to me as it probably won’t ever again.

davesaddiction @ opposite-lock.com > Tripper
02/04/2020 at 11:48

Wow - nice going. What was the reason for the spike?

Future next gen S2000 owner > WilliamsSW
02/04/2020 at 11:55

I wonder what the margin call is on one stock.......

Tripper > davesaddiction @ opposite-lock.com
02/04/2020 at 11:56

A study about the benefits of fish oil (which AMRN produces) was approved by the FDA. Normally not a stock I would buy, but a colleague told me about it and said it was cheap but might skyrocket pending the results of said report.

So I bought a bunch, the following week or two later it peaked and I cashed out. Bought my pal at work a case of his favorite wine!

WilliamsSW > Future next gen S2000 owner
02/04/2020 at 12:18

Well, if you short at 2 00, and it goes to 900, they’ll be looking for 700 x the number of shares you sold.. Assets and any credit can reduce that number, but still.

SnapUndersteer, Italian Spiderman > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 12:25

It might not be a bad idea to sell today, buy back in next week after the near- inevitable correction.

In truth, that’s what I would do, but you do you

PatBateman > Future next gen S2000 owner
02/04/2020 at 12:59

*raises hand*

Not margin call, but a naked call has unlimited downside. Bet $600, lose $600k.

Decay buys too many beaters > davesaddiction @ opposite-lock.com
02/04/2020 at 13:01

Today might be the day I sell, I've been holding since 2011 where I bought what I could as a broke college student (not much)

Rusty Vandura - www.tinyurl.com/keepoppo > SnapUndersteer, Italian Spiderman
02/04/2020 at 13:15

That correction has been near inevitable for what, eight years now? I’m not disagreeing with you, just feeling an inclination to hang on for the ride.

Ironic though, isn’t it, that I used Tesla stock earnings to buy an ugly-assed Crown Victoria?

Saracen > Future next gen S2000 owner
02/04/2020 at 13:25

It’s a combination of a massive short squeeze, and FOMO on the part of investors. I’ll likely sell off soon. It can’t keep this pace.

3point8isgreat > davesaddiction @ opposite-lock.com
02/04/2020 at 13:51

Every time I see a big stock like this I always go “oh that would’ve been nice to get in on, but it’s probably too late now.” And yet... it keeps just going up. But I don’t feel like it’s a good idea to give up on steady long term planning in favor of wild rides. I’ll just have to wait until the “for the lolz” investment budget is better I guess.

davesaddiction @ opposite-lock.com > Tripper
02/04/2020 at 14:09

Nice!

davesaddiction @ opposite-lock.com > 3point8isgreat
02/04/2020 at 14:11

Yeah, I definitely thought it was too late to get in a $200. Crazy.

davesaddiction @ opposite-lock.com > Decay buys too many beaters
02/04/2020 at 14:13

Helluva return!

davesaddiction @ opposite-lock.com > Decay buys too many beaters
02/04/2020 at 14:15

Shocking to me that the price has continued to creep up today. I definitely agree with the folks that say people are buying on FOMO.

Decay buys too many beaters > davesaddiction @ opposite-lock.com
02/04/2020 at 14:16

The entire tech sector that last few weeks has been scaring me.

-works in tech

Decay buys too many beaters > davesaddiction @ opposite-lock.com
02/04/2020 at 14:17

Wasn’t a whole lot, a few hundred dollars, but I bought at $20 a share or so.

davesaddiction @ opposite-lock.com > Decay buys too many beaters
02/04/2020 at 14:30

15 shares is worth 14 grand right now. =)

davesaddiction @ opposite-lock.com > Decay buys too many beaters
02/04/2020 at 14:32

The entire oil & gas sector the last few weeks has been scaring me.

- works in O&G

Under_Score > davesaddiction @ opposite-lock.com
02/04/2020 at 14:35

This is the perfect time for owners to complain about issues with their Tesla’s.

Decay buys too many beaters > davesaddiction @ opposite-lock.com
02/04/2020 at 14:41

I mean’t wasn’t a whole lot in, it turned into quite decent money recently!

davesaddiction @ opposite-lock.com > Decay buys too many beaters
02/04/2020 at 15:11

No joke! Well done. Wish I’d made the same bet.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 15:22

Sell off another quarter of what you have. Then you’ll feel smart for taking some profits if it corrects, and smart for holding on to some if it keeps going (hard to believe that’s possible).

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 16:04

Interesting thought. I’ll run it past Missus and see what she says.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 16:27

Similar to a piece of advice my older brother gave me, once upon a time (he’s a financial advisor).

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 16:56

Did you follow the advice?

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 17:09

Yes, a long time ago, with my own company stock.

Was fortunate to sell some near $100 (bought my M3 ). It’s now less than $30 (and I don’t work there anymore).

My wife has over six figures in lost value in her company stock... We should’ve sold many times in the past, but she works close enough to inside info, so she’s red-lighted a ton...

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 19:21

Red-lighted meaning can’t sell or the SEC would get upset?

C heck this out:

I bought $800 worth of TSLA the week they went public. Several weeks ago, I checked the valuation and it was sitting at $10k. I sold $2k and bought the crappy Vic and still have a few hundo of that remaining. Old news, and the portfolio was worth $8k-ish.

Well, today, based upon what you were suggesting I consider, I looked and the reminder of the holding was worth $17,000 and I’m like DANG! So I sold $7,000 worth and I own fewer shares and I still have as much money in there as I had before I bought Crappy Vic. Crazy. But it will likely adjust, and whatever. My $800 investment has netted me $9,000 in cash, SO FAR.

Dang.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 19:31

Well done!! Happy for you!

Yes, the SEC would give her a call.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 19:53

Pretty sure that’s a 2300% return. =)

Rusty Vandura - www.tinyurl.com/keepoppo > davesaddiction @ opposite-lock.com
02/04/2020 at 22:44

Wouldn't have occurred to me if you hadn't suggested it. I had no idea TSLA was soaring so.

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/04/2020 at 23:36

Glad to help - hope you caught the peak!

davesaddiction @ opposite-lock.com > Rusty Vandura - www.tinyurl.com/keepoppo
02/05/2020 at 09:35

Already dropped 10% this morning.