Is Tesla a good buy?

[gambler2075]

I don't have a position here in SRPT, but I am leaning bullish... I predict outcome #3 in the next day or 2 and the PPS will possibly jump 20-30%.

Especially based on the Chew letter.

http://www.thestreet.com/story/12211040/1/this-fda-letter-about-sarepta-and-accelerated-approval-for-eteplirsen-will-blow-your-mind.html

http://www.thestreet.com/story/12633133/1/sarepta-therapeutics-on-cusp-of-huge-eteplirsen-news.html

current price: 25.12$

This is not buying or selling advice.

[KTP]

Gambler, what do you think of GILD right now at $70? up, down sideways? Total cure for HEP C in a pill in a few weeks is kind of a game changer...

[gambler2075]

I'm also going to call the top to the market. Hope I am wrong, but with the IBB pullback, I think it is imminent. Usually, the bios start tanking first, as the most speculative sector... Down we go, for the next year

https://twitter.com/BioRunUp/status/439483400001716224/photo/1

Hope I am wrong, for the sake of people getting back into the market.

g

Hmm... looks like I might have been correct... but way too early to tell... IBB massively tanked AGAIN today.

http://finance.yahoo.com/news/futures-flat-initial-claims-data-115744887.html

The overall markets were quite bullish when I made this post originally... Esp when you see mom and pops bragging about their gains because they invested in such-and-such aggressive fund etc etc....

I still wouldn't be surprised if we bounce back a little bit, but in the bios, I think the top MIGHT be in. Hope I am wrong.

[KTP]

SRPT down 10% and GILD down 7% nasty day.

[gambler2075]

SRPT down 10% and GILD down 7% nasty day.

Brutal day in the bios, with IBB down >5%.

-from twitter:

"-5% days in $IBB since 2003: 6/19/03, 7 in late 2008, 8/4/11, 8/8/11, today."

Gave alot back in my portfolio recently, but still well positive on the year. We will see what happens.

[gambler2075]

I'm buying TSLA right at 200... stop loss 197.

Target 210

[KTP]

Brutal day in the bios, with IBB down >5%.

-from twitter:

"-5% days in $IBB since 2003: 6/19/03, 7 in late 2008, 8/4/11, 8/8/11, today."

Gave alot back in my portfolio recently, but still well positive on the year. We will see what happens.

I actually managed to be net positive on GILD so far with a bit of day trading. I bought more this morning at $64 and just sold them for $67, bringing my net cost for the remaining shares slightly positive at $66.50.

I think the sector is a bit oversold but hey, these things can get way oversold. I have $70k or $80k I can scrounge up if we get some crazy IBB down 25% or something.

[gambler2075]

I'm buying TSLA right at 200... stop loss 197.

Target 210

Taking profits at 205...

[KTP]

Taking profits at 205...

Just like me in Gilead, you took profits too early, but really, is there such a thing as bad profit?

[gambler2075]

Just like me in Gilead, you took profits too early, but really, is there such a thing as bad profit?

Well, if a person makes bad predictions then there will be such a thing as a bad prophet

<groan>

[gambler2075]

Just like me in Gilead, you took profits too early, but really, is there such a thing as bad profit?

When I am trading countertrend (i.e. I think TSLA is a massively bloated stock that should trade at 100, yet I went long because of oversold conditions and too many shorts), then I take profits early. With GILD being a much more solid company (IMO, but I am biased b/c I mostly follow bios), then I would hold for longer.

[KTP]

GILD dipped back down later in the day and I added back some August $62.50 calls for a sweet price. Might hold them past April 22 earnings, might sell calls against them, haven't decided. As you say, Gilead is a pretty stable company compared to Tesla.

[gambler2075]

It is time for my favorite video of all time (from the May 2010 flash crash)

https://www.youtube.com/watch?v=079RCUtk8s4

[gambler2075]

... of course that video is closely followed by this one as my second favorite:

https://www.youtube.com/watch?v=1mC4tu1NhUA

[gambler2075]

I did find my favorite market timing site ever...

If you ever want to know if we have bottomed in the stock market, it is very easy. Just go to this website, which combines technical analysis with market sentiment to give highly accurate predictions of market bottoms.

http://isthisthebottom.com/