Thursday, February 20, 2014 4:39:55 AM
At least with Tesla they had a product with specs and a working model. It showed a nice car, advertised the 7 passenger, the acceleration and the range. 5 adults, 2 kids, 300 mile range (which became 260), and the acceleration.
It is time for me to play those wild swings. The only problem is when the volume is so low, it makes it hard to flip.
They said the same thing when I worked for ADM and we had shares in company stock. We could flip it into other funds. One was the "stable fund" it paid no interest, but stayed the same. So I learned when the company stock rallied and peaked I would flip it into the stable fund. When It dropped, I flipped it into company stock. I made as much doing that than working for the company.
I haven't flipped SLTD yet. But it's time. I've missed way too much. Today I missed the 10% because I was way too wimpy.
I only have 650 invested in this stock and I missed out on $400-500 today. I missed out on $1,000+ on the rally/crash. I missed out on $2,000 to $3,500 on the last rally/crash. It may not mean much to you, but to me it's a ton of money.
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