AI Stocks Portfolio and Tesla

Companies / AI May 23, 2024 - 08:05 PM GMT

Portfolio is now 76.7% invested, 23.3% cash with the changes largely due to selling 89% of my MSTR holding during it's FOMO climb that topped out at $1865.

https://docs.google.com/spreadsheets/d/xxxx patrons only

Stocks in or very near buying ranges worth accumulating are -

Tesla, Intel, CCJ, ALB, OXY, FSLR, Diode, IIPR, Redfin, Roblox, Unity, Docu, GFS. SYNA, MSTR, BDEV

Of particular note are Tesla, CCJ, U, Roblox and of course MSTR.

In terms of trimming, SMT is enjoying a buyback rally allowing one to lighten ones position,

TESLA $172

A patron commented - Nadeem, why is TSLA getting punched by all the analysts. Today Wells Fargo predicts a further 30% downside risk.

This illustrates that after stocks have fallen the analysts get bearish, and after stocks have risen then the analysts get bullish.

Tesla at $280 - "Wells Fargo raises its price target on Tesla. Here’s what the pros are saying"

https://www.cnbc.com/2023/07/17/wells-fargo-raises-teslas-price-target-heres-what-the-pros-are-saying.html

What a bunch of clowns, at $280 Wells Fargo raised their target for Tesla then AFTER it's fallen by $120 to $160 they say it's going to drop by another 30%!

My view as of $280 is that Tesla is targeting a trend to sub $160 where I have continued to accumulate as the stock price has fallen below $200. In fact Tuesday I decided to get the job done and bought 25% at $168 to lift my exposure to 100% invested (spreadsheet update pending). Yes it could fall to $150, but we will only know in hindsight, and if it does I'll likely add another 5%.

And you know my big picture view for the next 10 years, Tesla's going to at least X10! And likely X20! When the robot armies start marching out of the giga factories.

Deviation from Highs -
All time high $413 = -60%
Bull Market high $299 = -45%
Swing High $206 = -21%

Upside potential -
All time high $413 = +150%
Bull Market high $299 = +83%
Swing High $206 = +26%

That's my focus when accumulating Tesla. What difference does any draw down make if it is temporary?

But what if it's not temporary? Welcome to the world of investing in the stock market! Cannot get the X2 to X3 returns without the risk of deep draw downs.

A further boost to Tesla was Apple throwing in the towel after having wasted $10 billion on attempting to develop it's own self driving EV. And it looks like it's given up on trying to play catchup to the LLM's by partnering with Google to embed it's LLM's into it's products, with details to follow. Meanwhile Tesla released GROK as open source, but who is going to download and install 314gb of files when they can already use it in a browser for $16 per month. There is a cost in terms of compute resources and time vs paying 16 bucks for a month to try Grok out.

This article is an excerpt of my recent extensive analysis - Stock Market, Interest Rates, Crypto's and the Inflation Red Pill which was first made available to patrons who support my work. So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $7 per month, lock it in now at $7 before next rises to $10 per month for new sign-ups. https://www.patreon.com/Nadeem_Walayat.

Contents

Stock Market Trend Forecast
Swings Analysis
AI Stocks Portfolio
TESLA
Why US Interest Rates are a Nothing Burger
Stocks Bull Market Smoking Gun
Time to take the RED Pill
Crypto Correction
Bitcoin Trend Forecast
Bull Market Tops
Crypto's Exit Strategy
Coinbase MSTR 2.0
UK Tax Year End To do list
So much for the Rise of China Narrative

Latest analysis - AI Will Turn Everyone Into Gamblers! The Greatest Wealth Transfer In History is Coming...

CONTENTS
Stock Market Inverted Seasonal Trend
China NEW STOCKS BULL MARKET!
Hyper Sensitive Markets as AI Disrupts Everything, Including Itself!
Learn How to Accumulate and Distribute
Beat FOMO and FUD with EGF Direction of Travel
MEDIFAST - Disrupted by Weight Loss Drugs
Counting Down to Nvidia Earnings
AI Stocks Portfolio Spreadsheet
RECESSION 2026?
Stocks Portfolio For A Recession of Sorts
AI Will Make Everyone Poor!
SPECULATING!
The Future of Mankind - You are Being Sold a Lie!
Universal Basic Slave Income is Coming....
Fake Full Employment
Billionaire Nazis are in Charge!
How to Get Rich University
They Want Your House!
The Greatest Wealth Transfer IN History
UK House Prices
Bitcoin Preparing for Next Leg Higher
BTC Where Next?
Bull Market Tops

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Change the Way You THINK! How to Really Get RICH Guide 2023

Learn to Use the FORCE! How to Really Get Rich Part 2 of 3

The Investing Assets Spectrum - How to Really Get RICH

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Your analyst.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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