SPCX

[thetragichippy]

Started trading today. 

Bought at $150, already at $169.00

I'm looking for a drop when SpaceX employees dump their stocks to become millionaires, will be another good time to buy.

[Porter]

45 minutes ago, thetragichippy said:

Started trading today. 

Bought at $150, already at $169.00

I'm looking for a drop when SpaceX employees dump their stocks to become millionaires, will be another good time to buy.

 

[Porter]

 

[thetragichippy]

2 minutes ago, Porter said:

 

yup - they own the stock - if they all sell around the same time, look for a temporary decrease in price. 

[OlDawg]

1 hour ago, thetragichippy said:

Started trading today. 

Bought at $150, already at $169.00

I'm looking for a drop when SpaceX employees dump their stocks to become millionaires, will be another good time to buy.

Good Luck! You bought at a multiple of 150. Theoretically, it will take you over a century to break even. I like Musk's creativity and marketing. I like his pure drive. I wouldn't bet against him. I just can't see paying that kind of multiple for an unprofitable company. Definitely not what I'd consider 'buying low.'

I'll just take the small sliver that will be allocated in some of my funds, and hope it's successful.

[thetragichippy]

41 minutes ago, OlDawg said:

Good Luck! You bought at a multiple of 150. Theoretically, it will take you over a century to break even. I like Musk's creativity and marketing. I like his pure drive. I wouldn't bet against him. I just can't see paying that kind of multiple for an unprofitable company. Definitely not what I'd consider 'buying low.'

I'll just take the small sliver that will be allocated in some of my funds, and hope it's successful.

I purchased with my "play" money that I make form my band hobby.  If I would not have bought this, it would of been guitars or band equipment.  I have an etrade account that I buy misc. stocks when the market dips.  I'm curious to see where it goes. 

[OlDawg]

22 minutes ago, thetragichippy said:

I purchased with my "play" money that I make form my band hobby.  If I would not have bought this, it would have been guitars or band equipment.  I have an etrade account that I buy misc. stocks when the market dips.  I'm curious to see where it goes. 

I think I’ll increase my holdings in P&G (Rolaids) and trade some of my Merck for Pfizer (Xanax). I should see a good bump for the next year or two.

[Porter]

 

[OlDawg]

My bet would be that many--if not most--of the workers who became 'stock millionaires' overnight have no clue what happens if they decide to cash out within a year. Can anyone spell Capital Gains and/or AMT to the max? Elon would show how good of a boss he really was if he were to offer financial planning services as part of his employee bennies. THAT would really show his character.

On a sidenote, I'd be curious how many of the employees who became stock millionaires are still willing to vote for AOC or Harris?

[Porter]

 

[thetragichippy]

14 hours ago, OlDawg said:

Elon would show how good of a boss he really was if he were to offer financial planning services as part of his employee bennies. THAT would really show his character.

Great point - working in banking what I have noticed is people with no money who get money end up bank to their poor status quickly. I have 30 minute lectures with people who get 30K plus in one check from a settlement or inheritance. I try and explain this is more than likely a once in a lifetime event. Then I explain how long, if ever, it would take them to save that much money....The nod their head in agreement, we open their account or make their deposit, and usually in 60 days it is gone......