Forget the Gold?
Stock 1: PLS.ASX
Something is really going on. I smelled it right. This is an absolute burner now!! If I had only this one bet, the profit now would stand at 773% after 16 weeks. Unfortunately, I have and had other bets on. That’s the difficulty in trading.
Stock 3: TSLA
A report came out giving my bet a bit of confidence. I had it right profit wise, which by numbers missed analysts forecast… whoever that is. Revenue wise it rose a bit, but nothing close to justify this price. Profit is like $0.50 for the last quarter and the cost of the stock is…. yeah… Way too expensive for any sane person to buy. So if valuation is not based on sanity, it must be based on insanity. And insanity is never a long term way at the stock market. It is a way to hell.
Commodity 1: GOLD
Gold crashed a bit and my feeling is that it didn’t crash enough, yet. People who struggle financially may try to sell their gold now to have some money to pay the bills. I know this sounds horrible and possibly it is very horrible for those unlucky people, but the market is the market. In good times and bad times. Ice cold. Especially in U.S. it’s terrible now. In finance it’s better to face the ugly truth, than living in a Disney land. I placed an buy order at around $3500. Let’s see if the price falls further and it gets taken. I want to “buy the dip” here.
Numbers
So here are the numbers of week 16.
The profit is at around 155% now (€4987 – €1950 / €1950). Luck is counted in.