Tesla Down 20% In One Day | Buy, Hold, Sell?

Tesla Down 20% In One Day | Buy, Hold, Sell?

Tesla dropped 20% today, dropping off the last couple of trading days, and looks like it will go down more tomorrow, with them being down 4% in after hours trading.

Should you buy, sell, or hold?

If you already own TSLA shares, it would probably be a mistake to sell them now for a loss, you might as well hold.

If you don’t own TSLA shares yet, it might be a good time to jump in and get them at a discount, because they will probably go up in the long-run.

And if you are a contrarian investor like me, should you buy more? Probably, limp in with small buys over the next couple of trading days and then see where it’s at.

Tesla Down 20% In One Day | Buy, Hold, Sell?

Market Crash | Stonks Only Go Up!?

Market Crash | Stonks Only Go Up!?

The original quote is believed to be, “Buy when there’s blood in the streets, even if the blood is your own,” Baron Rothschild, made a fortune when it was said Napoleon won the battle of Waterloo.

Also attributed to John D Rockefeller, “The way to make money is to buy when blood is running in the streets.”

Also known as contrarian investing, going against prevailing market trends.

“Be fearful when others are greedy, and greedy when others are fearful,” Warren Buffett, invested in the Washington Post during the 1973-74 bear market which increased 100 fold.

Also known as catching a falling knife, Sir John Templeton would buy into countries and companies at the “point of maximum pessimism”. He invested in every publicly traded European company at the outset of WWII in 1939, sold in 4 years at huge profit

“You pay a premium for a cheery consensus,” Warren Buffett, but you have to do some serious research to ensure the crowd is indeed wrong, find out why a stock is down and whether the price is justified.

Buy when there is blood in the streets… even when it’s your own blood.