Musclepug

never go full retard
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I bought tesla LAST WEEK Thursday for $1450 to ride the 1 to 5 split, it just broke $2000. What should I do? Ride it more?
Discuss
 

FireFoley

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Congrats. As I am sure you are aware you will have no more amount of stock money wise split or no split. Never understood why stocks run up like that after announcing a split but some do and you capitalized. I am not the one to tell or suggest what you should do. I tend to invest more than trade now and I can't see owning Tesla when it is worth as much as every other car company combined, and they do not even make any money selling their cars. We can quibble about the earnings reports, but those profits are from energy credits, not car sales. Be that as it may you have a good profit and no one ever went broke taking a profit.

For future reference it is a 5 for 1 split, meaning you get 5 for every 1 you own. A 1 for 5 split would mean you would get 1 share for every 5 you own. That is done to shrink the float and increase a stock price so a company can remain listed and typically occurs just before a company is going out of business.
 

Musclepug

never go full retard
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yessir 5 for 1 split. i was gonna go long and hold, but its crazy profit has me rethinking it....on the flip side if i sell, i usually buy a dog and take a beatdown on new stock. lol
 

FireFoley

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yessir 5 for 1 split. i was gonna go long and hold, but its crazy profit has me rethinking it....on the flip side if i sell, i usually buy a dog and take a beatdown on new stock. lol

if that is the case, then you can take out your cost what 2/3 rds of the stock and let the rest run? if it is in a taxable account then you will have the tax hit, if it is in tax deferred then taxes are not an issue. If you do take the profit, then only invest the profits in a new position vs. the entire proceeds.
 

Gator By Marriage

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A 1 for 5 split would mean you would get 1 share for every 5 you own. That is done to shrink the float and increase a stock price so a company can remain listed and typically occurs just before a company is going out of business.
Years ago I owned a Gabelli Utilities fund that would fluctuate between $5 & $6 per, but paid a $.07 dividend every month. I dumped it when they did a reverse split, but it was fun while it lasted.
 

Musclepug

never go full retard
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I just saw that tesla is about to be added to the s&p, so I'm gonna ride it out alittle longer. I'm assuming the big funds and etfs will have to buy it
 

FireFoley

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I just saw that tesla is about to be added to the s&p, so I'm gonna ride it out alittle longer. I'm assuming the big funds and etfs will have to buy it

Is that official? B/C they recently just became eligible for that based on the parameters required?
 

Musclepug

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Yup, been around a year and 2 positive concesutive quarters
 

FireFoley

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Yup, been around a year and 2 positive concesutive quarters

Yes I understand that, but has S&P made the announcement? Just b/c you meet the criteria does not automatically get you in, but I understand that the thought of this has been out for a while and your thinking is not wrong. We can quibble on the earnings validity but bottom line is what they look at.

My thought is it better hurry up b/c if things keep up there will be less than 500 publicly traded companies before too long so need for a S&P 500, LOL. Hell they still have a Wilshire 5000 index and there is less than 4000 publicly traded companies. go figure.
 

NVGator

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I’m currently working with multiple Tesla employees including the head architect of their factories and showrooms. Hold as long as you can. Makes no sense but that’s the plan.
 

Gatormac2112

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Tesla shares up $76 ($825/share) today making Elon Musk the richest man in the world passing Bezos
 

Musclepug

never go full retard
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Absolutely insane, I sold at $490, I made 200 a share on 60 shares in a month, when they didn't get in the s&p the first time I thought it was volitable
 

Gatormac2112

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Absolutely insane, I sold at $490, I made 200 a share on 60 shares in a month, when they didn't get in the s&p the first time I thought it was volitable
You made a great profit so no problem there! Theres no way anyone can know when to get out, especially since everyone is ignoring the fundamentals with Tesla and just riding the wave of potential
 

BMF

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