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How does one explain stock prices?
Posted: Tue Jul 07, 2020 9:25 am
by RickRund
First you have good old Elon Musk and his wondercar company Tesla. His company looks like it has really turned the corner after being poo-pooed by so many as little as a year or so ago. Stock price this morning was $1387..... An UGLY truck by the way.
Then you have Nikola. From what I have seen his truck is a pretty nice looking ride. They have yet to even have one unit probuced, correct. And his stock prices is sitting at $43 a share.
Throw in the "big car companies." Ford is "languishing" at about $6, GM is at $25, FCAU is at $10 and Toyota is actually triple digits at $125. VW is also triple digits. Honda and Subaru at lower double digits.
I sure can't figure out what runs these stock prices... Sure do wish I would have bought some Tesla!!!
Re: How does one explain stock prices?
Posted: Tue Jul 07, 2020 11:20 am
by allcat
RickRund wrote: ↑Tue Jul 07, 2020 9:25 am
First you have good old Elon Musk and his wondercar company Tesla. His company looks like it has really turned the corner after being poo-pooed by so many as little as a year or so ago. Stock price this morning was $1387..... An UGLY truck by the way.
Then you have Nikola. From what I have seen his truck is a pretty nice looking ride. They have yet to even have one unit probuced, correct. And his stock prices is sitting at $43 a share.
Throw in the "big car companies." Ford is "languishing" at about $6, GM is at $25, FCAU is at $10 and Toyota is actually triple digits at $125. VW is also triple digits. Honda and Subaru at lower double digits.
I sure can't figure out what runs these stock prices... Sure do wish I would have bought some Tesla!!!
Not too late. While I believe in the company I would now consider short selling at this price.
Re: How does one explain stock prices?
Posted: Tue Jul 07, 2020 2:32 pm
by RickRund
I have a good friend down in NorCal that asked me about a stock. I told him the he better buy some shares of Microsoft. He did and I am not sure he still has it. It was $64 a share then. I think today it was $214....
Re: How does one explain stock prices?
Posted: Tue Jul 07, 2020 3:02 pm
by 91catAlum
RickRund wrote: ↑Tue Jul 07, 2020 2:32 pm
I have a good friend down in NorCal that asked me about a stock. I told him the he better buy some shares of Microsoft. He did and I am not sure he still has it. It was $64 a share then. I think today it was $214....
There were some huge bargains a couple month ago. Many solid companies whose stock was less than half its normal price, simply based on panic selling. Wish I had more money to invest then, but I did invest a little.
Re: How does one explain stock prices?
Posted: Tue Oct 13, 2020 3:41 pm
by CelticCat
Hope no one owned Nikola...
Re: How does one explain stock prices?
Posted: Tue Oct 13, 2020 5:41 pm
by RickRund
CelticCat wrote: ↑Tue Oct 13, 2020 3:41 pm
Hope no one owned Nikola...
YEP, that was a bit ugly.
Maybe it will be an off shoot of GM.