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Far be it from us to tell you to take Jim Cramer’s word as gospel… but he does seem to have Tesla’s IPO figured out. And now that the stock is public (NASDAQ: TSLA), he wants you to run away screaming. We find it difficult to disagree… but feel free to keep an eye on the stock yourself.
21 Comments on “Some Advice For Tesla’s First Day Of Trading...”
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I wouldn’t say “run away screaming”, I’d say “pop popcorn and prepare to be entertained”. Just don’t buy any.
First of all, if you are trading offf Jim Cramer’s advice – be prepared to lose your shirt. MSNBC can make you a millionaire providing you started out trading as a billionaire.
I will say however that Cramer is “probably” right about selling within the initial buy period because I doubt anyone truly sees this as a long term vehicle. Its way too expensive and just a niche vehicle.
But: “FORD DOESN’T HAVE THE SEX APPEAL OF A TESLA?” Cramer must be a RETARD for saying that. Ford has the Fiesta hitting markets, the Taurus and the new Explorer and Edge coming soon. The Escape is currently the best selling small SUV (according to Yahoo autos). Sounds like this idiot is trying to pull another “don’t sell Bear Sterns”.
FORD is a much stronger buy at its current $9.93 / share because most analysts will agree, its probably going to $30/share within 2 years and the only reason its down from $14 is because of the instability of Europe’s markets causing investment fear in America.
FORTUNATELY, I BOUGHT IN WHEN FORD WAS BELOW $1.50/ share. I knew the government wasn’t going to let them fail.
I’m waiting for GM’s IPO. No thanks TESLA.
Sorry to hear you bought in at $1.50 and did not sell with a 350% gain, soon to be only a 100% gain. Mr. Craimer is opinioning the Tesla stock price line will be much like this but condensed to a 24-32 hour timeframe ending up well below the purchase price.
If you sit in front of four monitors daily, you’ll go for it without having to ask one question when positioning the buys and sells. If you have to stop for Pampers and a 6-pack on the way home, and have to ask some questions, don’t go near this; This is not an entry-level deal.
The August 2010 Consumer Reports hit the mailbox yesterday. It places the Fusion SE at No. 10 on the list of entry-level family sedans and the SEL V6 at No. 11 on the list of more optioned mainstream family sedans. With something like 2.5 million views of the articles, expect the poor showing to put pressure on the stock price.
The chest-thumping pride of General Motors, the Chevy Malibu, squeeks out a No. 9. All those above it are transplants and imports. The Impala holds down No. 19 of 20 on it’s list.
You might want to check what you bought. The 10-year low for Ford is $2 (Stock ticker “F”, not “FORD”, the mistake I made above).
At the right on this TTAC page it shows the current closing at $9.88. It seems to be drifting down from it’s 52-week high of $14.57. Ride the drift down or “sell high” like this game is supposed to be played?
@CarPerson: W.T.F?
11/08, 1/9, 2/9, and 3/9 all have price points on F below $2.
When bought into Ford Motor Company, yes it was “F”. I just capitalized it to be more specific.
Even if I sold right now, I’d still have a huge win. It rose from under $1.50 ~ $8…already a win. I still think its a strong buy even at $10/share.
I’d be willing to bet you $1 Ford is going to $30/share.
Go to MS Money website and get a quote for “F”. When it comes up, click on “Quotes” to get the high for several time periods, including 52 week 5yr, 10yr, and more. Ford Motor Co. is showing a 10year low of a flat $2.00.
The quote system is down at the moment or I’d list the 10yr high.
Sorry about the confusion with the first post for “Ford”, which turned out to be Fairview or Fairheaven something-or-other. The NYSE, which sets ticker, allowed “Ford” to be used for ???? Good grief.
@CarPerson:
AHEM: http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=8&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=0&DCS=2&MA0=0&MA1=0&CP=1&C5=11&C5D=1&C6=2008&C7=11&C7D=1&C8=2009&C9=0&CF=0&D7=&D6=&symbol=F&nocookie=1&SZ=2
Carperson
Do you actually trade? Cause i’m starting to doubt you know what you’re talking about.
Ford was $1.in Nov 2008 and has a 2 year low of $1.26 (Nov 19, 2008)
What you don’t know (because I didn’t tell you) is how much $ I spent when Ford was below $1.50 and how many shares I bought.
I wouldn’t even mind buying more Ford now simply because I expect its gonna hit $30. If it does, I’ll have more than double-quadrupled my investment.
Interesting…
Select 3yr, 5yr, 10yr, or Max time periods and the low shown is $2.00.
If you just click “Charts” without selecting a time period (or enter a custom time period of Nov 1, 2008 to Nov 30, 2008), it shows a low of $1.26 on November 11, 2008. I was expecting maybe the “closing” price vs. any “intraday” price would introduce some error but changing the time period alters the data? That doesn’t seem right.
I have a greatly reduced position in the market. From 1950 until 2007 (27 years), the S&P 500 swing was greater than 3% only two days per year on average. In 2008 it was 42 days. In 2009 it was 23 days (LPL Financial data). We’ve just had another day that happened.
Matching the appropriate dates, in the eleven years from 1999 to 2010, the S&P 500 earned exactly zero for an investor.
Front page articles in the NYT and WSJ a few weeks back that “investors” in the market were nothing more than lambs being led to slaughter by highly skilled inside broker-traders. Jesus threw the “money changers” out of the temple. You think he knew something?
@CarPerson: Oooookaaayyy …
And I reiterate: W.T.F?.
Look, do yourself a favor and start here: TMF-How To Invest and here: Benjamin Graham
.
Best of Luck.
WTF you ask?
At one time period zoom, the FMC low is shown as $1.26. At another time zoom the low appears incorrectly as $2.00, not just on the graph but in the mouse pointer Info box. Using Microsoft’s Windows 7, Internet Explorer 8, and MoneyCentral, I guess this odd and misleading behavior is a feature, not a bug.
Key “Ford” into MS Money Central “Name or Stock Symbol” box for a stock quote and instead of getting The Ford Motor Company, you get the data for Forward Industries, Inc. Lay this one at the feet of the NYSE who Ok’d it.
WTF indeed!
BTW, I regularly recommend two financial references from a list of those generally considered very good. The first is (love the book; hate the title) Personal Finance for Dummies by Eric Tyson. It’s a guide to wisely managing your money across a broad range of topics. Get the newest, just released version.
The second is (love the book; hate the title) The Only Investment Guide You’ll Ever Need by Andrew Tobias. It’s getting a bit dated but is excellent when discussing what to stay away from and references for good investing advice. In my opinion, however, it only rates a “good” when discussing what to invest in in today’s market. The 25 pages of appendices contain a treasure trove of information.
LOL…did Cramer just compare the BMW 750 to the TESLA?
Wouldn’t you compare the BMW Z roadster to the TESLA?
But wait, weren’t we warned in MOST DIRE TONES that the government’s role in the GM and Chrysler restructurings would keep investors away from all things automotive in the future?
I’m an analyst (and multi-Mustang owner) and I don’t agree Ford stock will be $30 in two years. Consensus target price (12 months) is $13.93 – with the high target being $18. That’s 80% from current price and another 67% on top of that. And that next 67% will be considerably more difficult given the company’s financial situation. Take a peek at the balance sheet and realize Ford did not get to walk away from its debt like GM did. And Ford’s $31 billion in debt is a big nut on a company with $35b market cap. Ford isn’t owned by the UAW VEBA so additional concessions were voted down by the union – and UAW president King has already made “equality of gain” one of his top priorities. So the UAW wants its concessions (“7,000 to “30,000 per member”) back from Ford as it continues to post profits. Ford was the financial loser in the GM Chrysler bankruptcies, as structural costs were reduced to the point where GM and Chrysler could be profitable at lower volumes. The best Ford got out of the deal was the street cred (and subsequent market share gains) of not taking gov’t money. Ford is fundamentally (product wise) a better company than the others – especially now that it is a two brand business model – but it is certainly NOT a smooth sail to $30 for Ford. Debt levels and operating cost structure are not optimal for a 11.5 million unit market in the U.S. Great buy at $1.50 – I myself was “pounding the table” below $2 – Above $10 – in my opinion – the case is much more difficult to make.
All you need to know about Jim is easily viewed in this chart.
http://4.bp.blogspot.com/_otfwl2zc6Qc/RsmNSDe86-I/AAAAAAAACCo/D2Fmhg8WV4M/s1600-h/cramer.gif
And this guy breaks down why Mad Money is just stupid and only really makes sense for one man (hint: his name is Jim).
http://www.marketwatch.com/story/boo-yah-this-lazy-portfolios-leave-mad-money-returns-in-dust
How about finding some information that dates AFTER the big late-2008 economic mess.
Daily Show Jim Cramer:
http://www.thedailyshow.com/watch/thu-march-12-2009/jim-cramer-extended-interview-pt–1
http://www.thedailyshow.com/watch/thu-march-12-2009/jim-cramer-extended-interview-pt–2
http://www.thedailyshow.com/watch/thu-march-12-2009/jim-cramer-extended-interview-pt–3
I wouldn’t buy any long term, but on the first day of trading, up 40%. SELL NOW!!!
Ed, can you add NASDAQ: TSLA to the TTAC Yahoo! Finance chart?
ED: can you teach carperson how to read the chart while you’re at it ;-)