Turned down but still above zero
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Posted 09 November 2021 - 09:02 PM
SEC still silent?
Nov 9 (Reuters) - Tesla Inc (TSLA.O) shares posted their worst daily fall in 14 months on Tuesday as investors dumped the high-flying stock ahead of a possible stake sale by company chief Elon Musk.
Nearly $200 billion in market capitalization was wiped off from Tesla as Musk's potential sales of his $17 billion stake triggered concerns about the stock's valuation following a flurry of stock sales by some board members.
The electric-car maker's shares ended down 12% at $1,023.50 on Tuesday, the biggest daily percentage drop since early September last year. They shed $138 billion in market capitalization, far more than the total market value of Ford Motor (F.N), in addition to losing nearly $60 billion on Monday.
About $62 billion worth of Tesla shares changed hands on Tuesday, sharply up from $39 billion on Monday.
Posted 09 November 2021 - 09:11 PM
POWELL most likely will not be reappointed
Ethical lapses at the Fed
Finally, the recent ethics scandal involving market trades by top Fed officials has undermined confidence in the institution’s leadership. Powell’s seeming insensitivity to conflicts of interest has long worried me, including in the management of some of the Fed’s pandemic-response programs. With four years of Trump having already weakened trust in U.S. institutions, there is a real risk that confidence in the Fed’s integrity will be undermined even further.
No Fed official should need an ethics officer to decide when certain trades would appear unseemly.
Posted 10 November 2021 - 09:11 AM
Hmmmmm well that was quite the inflation report, over 6% wow. Was thinking it was going to be bad so added a little to my short when the overnight market almost went back to positive for a few minutes last overnight bringing my average up a couple points to 4655 from 4653 which was forever ago, last week. Will likely cover with a tight profit stop if it goes below and then start a new build. Was wide awake for some reason lol!! Premiums in calls couldn't be more bullish than bullish which is shocking with 8 days to go lol so thinking we got a little more to go down here!! Is there someone out there that can explain Tesla, Rivian prices to me compared to like Ford and GM who also have electric. I seriously don't get these valuations. Glad I never tried shorting them though lol!!
Posted 10 November 2021 - 11:09 AM
SPY PUT JAN Buy limit orders PLACED.
Posted 10 November 2021 - 11:39 AM
Posted 10 November 2021 - 01:17 PM
And boom, finally 3 weeks later, profit stop 4654.... will sell higher....
Posted 10 November 2021 - 01:27 PM
And hit when I was adjusting my profit stop at 4653 out for a massive 2 point profit mind you but whew!!!! Starting my short build with a decent number at 4655 once again.......