LJ tsla gapped up as earnings was 'beaten'

 Stoks

• MVPs of the week TSLA n DBS
• TSLA deliveries result came in on Tuesday, after many revises, expectations was 438K from initial of 448K.
• Guess what, it managed to beat at 443K deliveries and produced 441K compared to Q1 of 387K deliveries and 433K produced.
• Seems like they managed to sell their excess vehicles produced in Q1 but whether at a profit or not, it will be known in the earnings call on 23rd July.
• Market liked the result very much and BB pumped the stock from 197 to close at 251.
• Basically it's a TA move and not a FA since previous it broke and closed above previously resistance of 204.
• From there, funds pumped it to break 220 240 and now towards 260. Next will be 280 and 300 if it happens and bulls will flood Twitter with the gains ss.
• Surprisingly, Tesla YTD has turned positive from almost down -40% and rose from lows to 140 to now 250.
• SG cult leader is happy celebrating this week i guess, almost 135K SGD gains in 1 week.
• But url Profits/Losses are not rl Profits/Losses so nothing to be happy about like DBS this week as well.
• DK which BB decided to pump local banks to ATH, DBS at 38.17 and OCBC at 15.15.
• Same thing, 52w highs in PF but still just url gains which can be gone anytime.
• Not going to lock in gains since no change in fundamentals and if rate do cut, opportunity to buy more will come.
• Meanwhile contining DCA into QQQ despite ATHs almost everyday.
• CSP sold on them are decaying fast but will continue to hold on till expiry since margin of safety is big.
• Still have more than 30% in cash to slowly deploy, will buy back into DBS once ex div.

US P/L 268485.87

SG P/L 73710.93

Up-ed approx 34K SGD due to banks

336344.54 SGD

1.3451 USD FX

Standard 1K/week DCA QQQ

62.5% Banks

4.59% US Tech

32.88% Cash

Life

• Met up with fren on Friday, shared some investing tips.
• Changed car insurance from Income to Singtel, which partnered with GE. Paid around 1.2K with supposedly $280 petrol vouchers for new customers.
• Est to receive by month end and with similar benefits for the policy.
• Will be receiving 2.4K next week from trader fren as part of interest repayment plan, hopefully he cashed in on TSLA breakout and not chut pattern.
• Gian Png max and booked slots from next Thur and Sat onwards to train at Bedok FCC for the extra $23 per session.
• If I'm gonna exercise, might as well get paid for it...pkl