Quote (TeaRs- @ Aug 23 2013 03:34pm)
you know whats up, buy that stock imo jp
this is the exact reason im not.
when you get people on an internet forum board telling you to buy a stock, the money has been made. not saying it wont continue to go up, but at this point i can only see it as speculation. while the company has certainly proved its worth, i dont know if its proved its worth to be valued at 160 dollars a share when they are not producing cars cheap enough for the average american. look at any other car manufactures stock. they arnt even half of what tesla is, with ford at 16, gm at 35, and harley davidson at 59. not saying that tesla is a poor company, because from what ive read its steller, but considering they dont have a large market cap, are expanding to currently untested markets (china), and really not many cars on the road, i cannot see it going over 200-250. but then again, the market is crazy and ive been wrong before. but usually when the small money starts going into the stock, the big money is just getting out, and at most you have 20-30% gain possibility but certainly a 50% loss possibility. and if tesla loses 50% of the value, they would still be the most expensive automotive stock on the market!