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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (150882)	11/23/2020 11:24:41 AM
From: Cyrus	Read Replies (1) \| Respond to of 220052

Yes around our neighborhood there are several, and in the southern states you can get solar panels on your house and charge them that way. On that note I sold SOXL, TSLA, and a few others for now. I think we are going for another dip but who knows! If AR closes above where it is now I will buy it again. Rounding daily pattern top on the NDX has me concerned.

To: GROUND ZERO™ who wrote (150882)	11/23/2020 1:35:48 PM
From: Hank Scorpio	Read Replies (2) \| Respond to of 220052

TSLA definitely has the Robin Hood/millennial momentum, that's for sure. Shorting it is a fools game but I have real problems with their valuation. Its a $500Billion company trading at over 1000 times trailing EPS. Estimated 20-25% growth. Even if its 100% growth that's still 500 times forward EPS. And to say again, a $500Billion company. A buddy of mine keeps talking about the float and the fact that its controlled by a very small group of institutions. He says if they want TSLA at 1500 they get it at 1500. I guess that's possible but at what point does logic enter? I love the company and the CEO. Have for some time. He actually spent part of his childhood in my home town. But there's still the "but" about valuation. In their ascendancy neither AAPL nor AMZN commanded this type of an EPS premium. They were always expensive but I don't remember them more than maybe 200 times trailing EPS. Even if we assign them the premiums of the two best companies of all time TSLA trades at maybe $200, more likely $100. I have a nagging feeling the Robin Hood traders may be taught a lesson soon. But, I'm not shorting it.