Bought Tesla (TSLA) at 138.29.
Wanted to short solar city but didn't. Couldn't finish my research in time. All momentum stocks are down today. I think all that money just moved to Twitter for the IPO. Too bad I couldn't short Twitter. It's current market cap is 32 billion. So for less than 1/10th FB revenues and a big loss making company, they are at 1/4th the valuation. There will be better entry points on this one.
JCP continues to look interesting to me but company's price action is strange. CEO came out and said October sales were higher yoy and that October gross margins were better than previous month. I am bullish on the stock.
Thursday, November 07, 2013
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