Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I am thinking of naming my Yatch after the Tesla fall. In war they say "To the Victor go the Spoils" so my Yatch will be named "Victor's Spoils"
Maybe Tesla spoils? Bubbles Burst, Bubbles Buster, Elon Bubbles, Boom and Bust, Any suggestions?
Excellent decision ?? to invest in the inevitable. I also find it strange that Toyota had several hundred thousand cars recalled a few years back and even lost a percentage of share value from the scandal yet Tesla has just had a recall and nothing happens to their share price. We are witnessing craziness but it will be over soon. The good part up about the minimum redemption value for the granite 3sts is that the issuer tends to adjust the value to suit the price rise so your position is not totally wiped out.
TESLA massively overvalued, showing a top on every chart line i can draw. Buy this x3 Short Tesla
The granite 3STS ETF can also be purchased from Trading 212 or LSE Jarvis investments . You have to complete a Complex Instrument Appropriateness Test before you can buy through London South East (LSE Jarvis investments) as they are an execution only platform. I find that it is a bit slower on trading 212 to execute at times as they get some of the securities from various outlets. Some are from OTC (over the counter) purchases and some from London stock exchange. it all depends on the platform and how they complete a trade execution. Obviously delays can be costly in this game hence my advice to choose the best to suit you. Chow!
AJ Bell (youinvest.co.uk) lets you buy and sell this ETF without any problems. Prices are quoted in $ but you deal in £.
There is also a -1x short ETF on Tesla available called STSL.
All I'd say is that the end destination is clear - Tesla will be dramatically revalued downwards sooner or later.
But the timing is tricky indeed. We're dealing with investors who are almost religious in their fervour.
With Tesla, it is about getting in early before the major fall happens. Inverse ETFs are safer than shorting on CFDs because the redemption value is always adjusted by the issuers just as in the case of this ETF. I believe we are a fortunate rare group of people who may walk around silently singing "To the Victor go the spoils" because there will be a major transfer of wealth from Tesla shareholders to the shorters and inverse ETF buyers who got the timing right. CFDs are riskier as losses occur minute by minute and Tesla is a wild bull that cannot be rode by shorters especially inexperienced or poor ones with limited funds. Good luck all and we will keep this post updated as and when developments happen. Elon is high now but who knows what's to come when all obligations are put to question and realised?
https://www.forbes.com/sites/johntobey/2021/01/10/stock-market-teslas-uptrend-faces-serious-hazards/
check the article above and give your feedback on what you think.
I also took a small stake of this yesterday at 0.0064 The Tesla share price was down 2.5% in the premarket at approx 850 from 880 ATH. I was unsure how the price would change if tesla started to fall, so here is what i saw. Tesla fell another 3% before the london markets shut, and my position went up to .0071 (approx 10% gain). Tesla continued to fall and end 7% down, but because the london Markets werent open the price stopped moving on this asset. I got up this morning and Tesla was 2-3% up in the pre-market and so I didn't see another 10% increase in this, yet.
I've taken a small stake now - I think Tesla is topping out.
Obviously, I intend to increase my position here if and when Tesla starts to fall back.
I think we all know that Tesla is wildly overvalued. The trick is getting the timing right...
So, time to pull the trigger yet? I'm going to keep a very close eye on things, but given the leveraged nature this I reckon it'll be best (safer) not to try and time the top but grab on as it starts to fall
Can someone please explain to me how the mkt works on this one.
Does the issuer make the market?
I have seen the price bounce around with no correlation to the underlying stock price.
For example, a few days ago I bought at 1.6c and watched it trade as high as 2.19c but w/o any significant movement in the TSLA SP.
Liquidity is good - I bought 1m no problem - yet the price moves in mysterious ways!
This security has a minimum redemption value of USD 0.002530 and with the way Tesla seems to be impossibly beating every expectation despite not making more than 1% profit is rather concerning. Perhaps having patience on intra day inverse shares is all one can do as these tend to be short term daily investments for the seasoned traders with experience. I can see this inverse share becoming worth at least $4 to $ 8 early next year. The volatility of inverse Tesla securities is evident right now because Elon is in the Limelight but as we all know, everything has its time to shine until the lusture suddenly wears off and we see a collapse in Tesla's unrealistic expectations and promises. Watch this ETF for the next few months but I say early January will be fun.
Is this about to rip or what? Lol