Elusive Value
Blog
Posted on 13th Dec 2024
The Mag 7 darling of 2024 is still NVDA, but since around election day, TSLA has returned roughly 100% in a month's time. My TSLQ position has been battered but I am buying new shares at a much lower price to average my cost basis. I acknowledge there is some competitive advantage to being Trump's...
Posted on 12th Dec 2024
I've been following a solar company called Nextracker (NXT), which designs and makes ground-based intelligent solar tracking equipment. I've been hesitant to buy much of anything lately, but shares of NXT are reasonably attractive right now. It first came on my radar as an almost perpetual stock in...
Posted on 12th Nov 2024
TSLA opened at $247.34 on November 5, 2024 and closed at $350 by market close on November 11, 2024. That's a 41% gain in just 5 trading days! This brings TSLA back above the $1 trillion market cap, which we last saw before Elon Musk executed his ill-fated purchase of Twitter, which in hindsight se...
Posted on 4th Nov 2024
CVNA stock has been on a tear this year, outperforming most tech stocks even. The stock was priced as if it was heading for bankruptcy a year ago in October 2023 at around $6. This week, a year later, it hit a post-earnings high of $259 likely based on panicked short covering, though the fundament...
Posted on 4th Nov 2024
I was very lucky to have been able to sold short DJT near the recent top. Usually momentum causes stocks to run much farther than my initial short entry, causing much pain and misery. I monitored the short position daily and kept lowering my buy stop order. Today it filled at $31.10, which is a 4...