Tesla again

 

Bought 8 Tesla

If it goes to the next support, it will be a loss of $11k.

Was doing stress test previously, and that deter me from buying more.

Why did I do it?

I thought of liquidating my OCBC account.

It has a profit of $4k there, mostly from DBS.

DBS has a profit of around 40%+, from 500 shares purchased with share financing.

It has another 1000 DBS shares as a collateral.

If I liquidate the whole account, I will have around $35k.

So it should be able to support Tesla price crash.

Next next support is around another $100 dip, at $375.

Every $100 dip, it will be $4k USD, which is around S$5.6k.

So that $35k I liquidate from OCBC account, can support -6k, -6k, -6k.

From 3 dips, I will spend $18k to support, and still have another $17 to support the Tesla defense.

The decision was also made partly after watching videos on Tesla Plaid.

It is really disrupting super cars.

Cheaper, safer, faster.

Also, having 40 shares in the IG account, brings me to a total of 100 Tesla shares.

$6k Ascenda REIT

 

Bought another $6k AREIT using DBS share financing account

That brings total to $275k Singapore shares

From $269k

Reason is because I target to have $300k Singapore Shares

and $275k seems close to $300k compared to $269k

And also current shares still having a bit of discount due to heightened alert

Chose DBS because it handles better during stress testing

after adding $6k of shares, if account falls by 50%, Asset to Loan is 176%, still above 140%.

Discovery about Tesla

 

Just discovered that there is a bearish wedge for Tesla.

Those who want to add more shares, there might be a chance at 470 or even 370.

Be careful and do stress testing.