01-23-2014, 01:32 PM
Slamz Wrote:Yeah this might be a good time to buy in if you believe in the company. This may be their Netflix moment -- something bad (or boneheaded) happens to a company with a good product, there's a big selloff but 1 year later they're still a good product and the stock buyers forget why they sold and they all come back.So I did this, actually -- bought TSLA at $137 on Nov 8th. They're at $181 now so I'm up about 32%.
Now I just have to decide if I want to bet on them for a full year and get the long term investment tax rate or pull out now while the going is good.
I still don't really think they're a good long-term investment, it's just a question of "tomorrow" or "5 years from now".