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Back up to 434.50 at 9:11. It's going to be wild for a while.
I figure it will either go up, come down or stay the same after the announcements. I bought some yesterday. If it goes up I will congratulate myself for being such a clever guy. If it goes down I will buy some more thus getting a better average price relative to what I paid yesterday. If it stays the same, then it stays the same.
At least part of the volatility has to do with Elon and his tweets. The stock took a major hit after Elon tweeted about his "funding secured" and taking the stock private. He got fined by the SEC $20M and lost his chairmanship.But it's also volatile
After watching Elon for several years I have confidence he can accomplish his goals(at least earthly goals), it may take longer than he plans but he will not give up until he has met his goal(s).but Musk is not reluctant to bet the company on the next step, and one major sustained failure could put them out of business.
That's what Warren Buffet does. He's in it for the long term.I'm holding my stock and trying to avoid getting too engaged in the day-to-day variation in the stock price
I believe it keeps getting less risky as time goes by and Tesla keeps proving itself.But it's clearly a volatile and risky business to own, even if the rewards are looking pretty good at the moment.
Hit? Seemed like it's been up since. And it was later proven the deal did exist.At least part of the volatility has to do with Elon and his tweets. The stock took a major hit after Elon tweeted about his "funding secured" and taking the stock private. He got fined by the SEC $20M and lost his chairmanship.
Elon Musk Charged With Securities Fraud for Misleading TweetsOver what period? A day?
Ups and downs like that are how day traders make money. It has little to do with the company.