Re:SEC Sues Musk and Seeks Ban for His Tweets on Go-Private ...
by uxcolumbo on Friday September 28, 2018 @10:34AM
(#18093684)
You're right - technically I don't own TSLA outright. I trade CFDs. I should have made that clearer - my bad.
And of course you have to set your stop losses - that's just common sense, no?
But TSLA is not near zero, so I'm holding the position I've got, because I believe that if Tesla can overcome this hurdle - the price will recover again, because the underlying long term value Tesla produces is immense in my opinion.
And that's my point - what Elon and his companies / teams are trying to achieve is game changing and a big value add to society.
And you did talk about more than one subject in your previous comment - which I've responded to.
> I have shares and you only lose money if you decide to sell the shares now
Many stocks went to near zero just to get de-listed next minute. Some of these fine folks that have played marked by your advice blew their head off in the process. Never assume stock will just rebounce; to the contrary before you execute a trade set a head ceiling (in most cases) and definitely set the floor that you going to play by strictly following it. This is indeed an advice any book on trading stock market will tell you.
I'm not gonna comment on the part about Musk being scammer or not. I don't want to change a subject all of sudden.