bmneveu's Account Talk

[Bullitt]

I remember saying the same thing about Amazon in about 2000.

Nobody thought the company could expand beyond books back then but web services saved them.

TSLA is not a play on the cars, it's play on space travel and an Exxon Mobil dominance on the renewable energy system some day. The fact that there is a demand means they can just keep working their magic by selling stock. I remember he said a few years back they were six weeks from insolvency, but they came up with the idea of selling stock in the open market. Now it's just a cult following.

Amazon had the tax advantage back then too. No taxes from most states. Hell, I was buying stuff there for over a decade tax free. No matter what, you were paying less at Amazon.

Tesla has the subsidy advantage. Without all these whacky green energy subsidies packed into large bills as pork, they'd be dead.

 

[bmneveu]

Nobody thought the company could expand beyond books back then but web services saved them.

TSLA is not a play on the cars, it's play on space travel and an Exxon Mobil dominance on the renewable energy system some day. The fact that there is a demand means they can just keep working their magic by selling stock. I remember he said a few years back they were six weeks from insolvency, but they came up with the idea of selling stock in the open market. Now it's just a cult following.

Amazon had the tax advantage back then too. No taxes from most states. Hell, I was buying stuff there for over a decade tax free. No matter what, you were paying less at Amazon.

Tesla has the subsidy advantage. Without all these whacky green energy subsidies packed into large bills as pork, they'd be dead.

I'm not sure I agree with TSLA being a play on space travel, at least as a primary reason for investing in it. Tesla and SpaceX are two different companies.

 

[Bullitt]

Never said it was the main reason. It's just one of many cited. Here's more. Musk owns SpaceX and doesn't plan on going public, so that's how you invest in SpaceX.

Travel to the moon and mars, solar panels, automated taxis and buses, drilling massive holes in the earth to make tunnel travel are all things he's involved in.

 

[bmneveu]

Never said it was the main reason. It's just one of many cited. Here's more. Musk owns SpaceX and doesn't plan on going public, so that's how you invest in SpaceX.

Travel to the moon and mars, solar panels, automated taxis and buses, drilling massive holes in the earth to make tunnel travel are all things he's involved in.

Google owns 11% of SpaceX. That's a better way to invest in SpaceX imo.

 

[Bullitt]

Didn't know that about Google. I didn't think anyone was allowed to have more than a 10% stake. Musk Trust owns a controlling stake of at least 50% of the company and almost all voting rights. Elon Musk is the shot caller.

A Musk trust owns 54 percent of the outstanding stock of SpaceX, and has voting control of 78 percent of the outstanding shares, according to a 2016 U.S. Securities and Exchange Commission filing, SpaceX’s most recent.

No other shareholder owns 10 percent or more. Alphabet's Google Inc GOOGL.O invested $900 million in January 2015, Google said. Five Fidelity Investments funds had a collective stake worth roughly about $436 million, according to disclosures from March and June, the most recent available.

https://www.reuters.com/article/us-...x-the-model-for-a-private-tesla-idUSKBN1KU29W

 

[bmneveu]

We starting the santa rally today?!

 

[nasa1974]

We starting the santa rally today?!

If you want to count the vaccine approval and distribution as part of the Santa Rally, sure.

 

[bmneveu]

Small caps (S fund) have just crushed it in 2020. Usually C and S are a little more close than this, but this year it was S fund and then everything else. Is that the place to be for 2021? I don't see why not. Stick with the trend until it's not the trend anymore.

Speaking of sticking with the trend, I've been looking at these ARK ETFs over the last few days. Some of them returned over 100% in 2020. Bonkers stuff. They are actively managed, so the expense ratio is a little higher at 0.75%, but I could not care less about that expense ratio if its going to double again in 2021! ARKK and ARKG are the specific ETFs I'm looking at. They have a few others, but these ones look like the best performers.

 

[bmneveu]

Bullish Cup and Handle on Macy's (M) daily, I'm in at $11.50. Targeting $16.

 

[bmneveu]

S Fund starting out the year already almost a full % better than C. Not sure why I'm "diversified" across C and S anymore. It's supposed to reduce my downside risk, but what's the point when there's seemingly no downside!

 

[Bullitt]

I read somewhere that small caps were up 100% from the bottom. Everyone talks the big FAANG stocks, but they're going to be under some political pressure now on - and it's going to be fun to watch.

Your $16 target on M looks promising.

 

[bmneveu]

I read somewhere that small caps were up 100% from the bottom. Everyone talks the big FAANG stocks, but they're going to be under some political pressure now on - and it's going to be fun to watch.

Your $16 target on M looks promising.

Thanks. Did well on PLUG, FCEL, and CLSK lately too. Made 44% in the trading account in 3 months to close out 2020. Didn't have any big losers fortunately. Worst I did on any position was around flat. I'll take an L at some point though. Only a matter of time in this game. I need to go set some stop losses while I'm thinking about it. Lol.

 

[bmneveu]

Apple chart is forming the handle of a cup and handle. If it breaks above the lid, price target would be $170. 4-8 week timeframe.

 

[bmneveu]

Another day of the S fund significantly outperforming the C fund. I'm done with C. Will move 100% into S tomorrow.

 

[bmneveu]

Sold about half of my FCEL position for an 80% gain. Letting the profits ride. Bought on 12/18, so less than a month ago.

Moving TSP from 50C 50S to 100S COB today.

 

[bmneveu]

Apple chart is forming the handle of a cup and handle. If it breaks above the lid, price target would be $170. 4-8 week timeframe.

Lid breakout. Target $170.

Also, stopped out of M at $14.93. So like 30% ish gain in about 4 weeks. Woo!

 

[bmneveu]

Speaking of sticking with the trend, I've been looking at these ARK ETFs over the last few days. Some of them returned over 100% in 2020. Bonkers stuff. They are actively managed, so the expense ratio is a little higher at 0.75%, but I could not care less about that expense ratio if its going to double again in 2021! ARKK and ARKG are the specific ETFs I'm looking at. They have a few others, but these ones look like the best performers.

I've got about a third of non-TSP investing money in ARK ETFs now. Specifically ARKK, ARKG, and ARKW. The more I read about them, the more I love them. Usually you have to pay 2% a year and 20% of profits for an actively managed fund of this quality. ARK is doing something really special by bringing this kind of service to the retail investor at a 0.75% expense. I've been streaming money into these ETFs on a weekly basis to build positions.

 

[bmneveu]

Bought ZOM at $1.11 yesterday. Currently trading today at $1.38. Holy moly.

 

[bmneveu]

Bought ZOM at $1.11 yesterday. Currently trading today at $1.38. Holy moly.

Sold half of my position yesterday at $1.88. 72% gain in 2 days. With that much profit, I let half the position ride for practically free.

TSP is up 8% this year. Trading account is up 22%. Don't fight the Fed while they are printing money!

 

[Bullitt]

And crypto has to be adding a little bit of nitrous oxide to your accounts. :headbang:

Not sure if it was here or one of your videos, but I thought it was something like 10% of your net worth was in crypto. How's it looking now with bitcoin taking a stab at 50,000?