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Non-Tech : Kirk's Market Thoughts

COHR 191.28

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Dec 24 12:59 PM EST

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the longhorn

To: Kirk © who wrote (10041)	7/2/2020 4:44:03 PM
From: Winfastorlose	1 Recommendation Read Replies (3) of 26838

TSLA has all kinds of problems, but it is obvious that it is being supported by forces far stronger than logic and even the general investment community. I have been long TSLA many times on the way up. I just wish I believed Musk's BS more and I could have made even more money on it than I did. Even today I was long for a brief period. It is my largest money maker this year and I have never gone home anything but flat on it at the end of each day. The latest information floating around is that TSLA is only taking roughly half of the money it should take for warranty reserves which has overstated profits by as much as 148 million dollars. Without this sleight of hand, it would never have turned even a small profit. Everyone turns a blind eye to the shenanigans, however, so it is what it is. One day the chickens will likely come home to roost on it, but for now, it is the AMZN of the 2019 to 2020 market. The truth is AMZN lost money for 20 years, but no one cared. That seems to be the idea with TSLA as well.

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