Tesla has reached a resistance zone after dipping.
It is probably due to the news about self-driving Uber car killing a person.
Or just bad news about its production line to deliver the crazy demand of its Model 3.
Why did I want to buy again?
I just thought their numbers are very good.
1 Share cost US$313.
Sales per share in 2017 was US$70.
And this sale is when they are very behind schedule to deliver the heavy demand of Model 3.
What will their sale be when their manufacturing starts to improve over time?
In my opinion, US$313 seems like a good price in proportion to their sales when it is still far from their potential.
Go Elon!
Also closed my Amazon position (of 1 share) in IG account.
Think it made more than US$500.
Now, the IG account has only Uniqlo and Google left.
Want to bleed less from the daily charge, and also be more prepared in case there is a crash.
Currently my war chest has been reduced by recent buying of local REITs and US shares.
But it is still at a good amount.
Another push factor for closing the Amazon share was because EU just announced to tax the tech giants more.
Even so, there is not much movement in the share price.
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