Demand cannot be manipulated. Numbers can.
Stock 1: PLS.ASX
Just as I thought, the price is up again, due to the inevitable fact that raw material is scarce and the price of the material is going up an upper in the near future. So the price of the stock of one of the worlds largest miners of that material will go up as well. Nice catch and a good lesson not to lose faith in your fact based prediction and just bloody hold a roller coaster stock.
Stock 2: PLTR
I am still out. Just for the record, I went short on this stock now at $172 in another account. It’s a good opportunity.
Stock 3: TSLA
I am still underestimating what an ELON is able to do. Not about creating a great business, but a great scam. He knows his company profit is in the toilet compared to the market value and now there are multiple law suits against TSLA to be ruled out soon, which can cause massive damage to the stock price as the company might be banned from selling any cars. Still, the stock markets price is going to the “wrong” direction. I would double bets now, but I am out of capital to finance my margin credit. I will wait and hold the bet. Interesting to see there are some more large lines to the bottom in this chart. These might be sales of a few people who want to make sure they are out of this scam and selling at any price. I guess ELON is buying them to hold the price stable. A desperate move. But what do I know? I am betting just on fundamentals.
Numbers
So here are the numbers of week 11.
The profit is at around 28% (€2504 – €1950 / €1950). Ups and downs. That is the stock market.