you're missing the point if you're holding ok fine use a covered call strategy to collect premiums on your shares. a yea Its a fall out of bed easy strategy to lower your cost basis. A years worth of rinse and repeat on covered call selling would net you $60-$75 gained per share, neanwhile you would still own the shares |
What stock are you talking about, because it isn’t novavax This site is very old school in its valuations — profit, future growth etc, it’s not tuned into hype and memes like WSB so it’s not going to help with those strategies Tesla for example had a PE ratio back in April; it’s still in 50s, and barely cuts a profit with competitors growing every day. But Musk tweets some scat and TSLA bumps higher. https://www.reuters.com/business/healthcare-pharmaceuticals/novavax-raises-doubts-about-its-ability-remain-business-2023-02-28/ |
not the Op but they are talking about NVAX in 2020-2021- was $200 end of 2021 and even 250 before that. Pandemic fueled surge now under $7 |
So essentially another meme stock event — not based on company fundamentals or dare we say profit? |
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OP, hope you stayed in Tesla. It is now a blue chip stock. https://finance.yahoo.com/news/tesla-scores-blue-chip-status-after-moodys-debt-upgrade-164544334.html |
Um, no. Tesla is selling lots of cars and doing very well. Last week I read that Tesla might get into heat pumps. It's not a car company like Ford or GM. It's a technology company and the sooner you realize that, the sooner you realize that they don't have to worry about "competitors". Tesla is the leader. Hands down. |
Although OP was complaining that he lost 50% of his money in TSLA when it was at 176--I'm sure he's happier that it's back up to 196, but it's not a huge comfort when bought above 350. |
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Hang in there OP. TSLA is on the upside now. |