2017 Investor Roundtable: TSLA Market Action

[MP3Mike]

When can we expect Q1 results?

Soon. (Like probably next month.)

 

[Richgoogol]

wth floor @ 306 and ceiling @ 307

 

[TrendTrader007]

$TSLA if this is going to be $1000 stock and I would gladly pay 300+ for it right now

 

[geneclean55]

If folks are selling to pay tax bills, then today should be last day possible (maybe tmrw if you are cutting it super close) when you factor in t+3, and also Friday is closed market.

 

[TrendTrader007]

$TSLA that last trade did not turn out so bad after all

 

[Reciprocity]

You could almost sell your stock every morning and buy it all back just before lunch. Its like clockwork lately. I am no graphaholic, but this seems to be the way it goes every day.

 

[brian45011]

When can we expect Q1 results?

Historically, most likely the 2nd Wednesday of the 2nd month of the following quarter, i.e May 10th.

 

[phigment]

You could almost sell your stock every morning and buy it all back just before lunch. Its like clockwork lately. I am no graphaholic, but this seems to be the way it goes every day.

Well, in the last 5 trading days that wouldn't have worked on Thursday, Friday or Monday.

 

[Reciprocity]

Well, in the last 5 trading days that wouldn't have worked on Thursday, Friday or Monday.

You cant say I didnt warn you.. I guess I should have looked at the graphs.. I just seems like it always goes up after 12 EST.

 

[Papafox]

Looking at how spiky TSLA looks today, I'd guess that some biggish short seller is working the stock, selling in sizeable lots, trying to get a dip going.

 

[TrendTrader007]

$TSLA added a little more and might buy a few more before the close

 

[TrendTrader007]

Looking at how spiky TSLA looks today, I'd guess that some biggish short seller is working the stock, selling in sizeable lots, trying to get a dip going.
View attachment 222262

Losing battle for shorts

 

[TrendTrader007]

$TSLA right now I'm trading on the basis of weekly chart not daily
weekly is much more important it is riding the Bollinger
$TSLA ran out of all ammo
no more buying power left
I'm poor as a church mouse now
guess I'll just go swimming
sorry longs I did my part
Maybe Neoroden will have the last laugh and margin clerks will clean me out

 

[TrendTrader007]

$TSLA not a bad close not bad at all I'm pleased back to the pool

 

[FredTMC]

$TSLA not a bad close not bad at all I'm pleased back to the pool

Yep. Not a bad consolidation day. Some investors likely selling stock to,pay taxes. That's the historical behavior. Second half of April is stronger

 

[neroden]

Interesting analogy. Makes sense.

I think you'd be surprised how illiquid this stock is and how much even a high-net-worth individual can move the stock. I had difficulty buying even a few hundred shares AT A TIME for clients without moving the stock. I had to separate the trades over time. I discussed the illiquidity of TSLA in this article (subscription required).

I've actually kind of noticed this illiquidity. Bid-ask spreads can open up wide and buying more than about 200 shares can move the stock. I started accumulating my shares by selling puts a while back, which slides under the radar in some way....

Papafox noticed that single trades (within the ability of a high-net-worth individual) were causing short intraday drops in the stock, and speculated that there were short-sellers deliberately doing this.

I'm afraid I'm not going to subscribe to SeekingAlpha after their egregious failures of moderation of dishonest articles.

If you'd be willing to give a precis of your understanding of the nature of the illiquidity of TSLA it would be appreciated.

 

[neroden]

How is that different than spreading the fake facts on climate change?

I'm not disagreeing with you, but asking the question.

For whatever reason, spreading propaganda often gets a free pass from the SEC (no matter how much money is lost while doing so), while speculating in stocks doesn't (the SEC cares about companies losing money by speculating in stocks without disclosing it).

Go figure.

I'll also note an asymmetry: if the management *makes* money inappropriately speculating in stocks and concealing it, nobody complains. It's only if they *lose* money that they start getting hammered legally.

 

[neroden]

Regarding macro weakness today, I recently heard on CNBC last week that market is typically weak first half of April. Tax related selling. Second half of month is historically strong

My God. I really didn't expect to be watching this runup this fast.

(During 2013, I was.... distracted. I looked up to see that the runup had happened.)

 

[neroden]

$TSLA right now I'm trading on the basis of weekly chart not daily
weekly is much more important it is riding the Bollinger
$TSLA ran out of all ammo
no more buying power left
I'm poor as a church mouse now
guess I'll just go swimming
sorry longs I did my part
Maybe Neoroden will have the last laugh and margin clerks will clean me out

I wish you the best of luck. I, however, am happy with my large unleveraged position.

 

[MitchJi]

My God. I really didn't expect to be watching this runup this fast.

I believe that a substantial portion of this runup is due to insider trading, specifically ~3k suppliers and their employees.