Stocks
- After the 0.75% hike few days back, TSLA rose higher to close at green on Thur while outperforming most big tech.
- US govt released jobs data before Fri's opening and based on results, bad for economy but good for stock market.
- Markets initially took this news weirdly as seen from price movements of SPY and QQQ but after mid-day, both actually made a reversal although weekly showed otherwise.
SPY
QQQ
TSLA
- TSLA looked great at premarket and opening for almost 3.4% up while QQQ was 1.98%.
- Ron Baron's guest of honor was indeed EM and as the interview went on, share price mysteriously went down as market digested the information mainly bearish towards TSLA.
- Sold 10 contracts at strikes 200/202.5 exp next fri, will keep insurance premiums if share price goes below 190, otherwise take assignment if itm.
- Who would have expected twitter overhang to have just started... holdings has turned red again
"It's not about buying high but holding low when everything seems to be against you."
Life
- May be getting $1/h more in the next month to come.
- Business partner has refunded $40K, perhaps he may have known something...pkl
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