2017 Investor Roundtable: TSLA Market Action

[copyhacker]

Bought more @ 358.88. That was a no brainer. Whoever that was, thank you for the opportunity

Had an order to buy a few shares at $359 yesterday. Saw today's open, waited a bit for a dip, gave up and bought at $375. So you're welcome.

Takeaway: impatience never pays.

(Edit: typo)

 

[Jayjs20]

I can't remember the last time TSLA fell 19 dollars in one day, but I was waiting for this to hop in.

One thing led to another and I'm now 280% of my life's savings into TSLA. If you're wondering if it's scaring the bejebus out of me, the answer is yes. Suppose I'll get used to it eventually. If I think TSLA will do as well as I think it will, this is the logical course of action. Still scares the hell out of me though. The further it gets away from 360.87, the better I'll feel though.

 

[Starno]

I can see that Amazon and Facebook are taking a slight beating as well

 

[Jayjs20]

A lot of stocks are taking a beating

 

[elasalle]

Post 2 pm, and it looks like downward trend will continue for all NASDAQ for rest of day ..

 

[FluxCap]

Max pain really does seem to be coming into play today. Steady drop to 360, then started to test 356 and the buying programs kicked into action like a beast, shoving it right back up to 359 within seconds.

Also, this is not investment advice but holy crap borrowing 280% of your net worth to buy one stock, any stock, seems crazy. That's how people get in really big trouble. Please be careful with money you can't afford to lose. Missing out on some gains vs. risk of bankruptcy that destroys your entire life is just not worth it.

 

[elasalle]

Max pain really does seem to be coming into play today. Steady drop to 360, then started to test 356 and the buying programs kicked into action like a beast, shoving it right back up to 359 within seconds.

Also, this is not investment advice but holy crap borrowing 280% of your net worth to buy one stock, any stock, seems crazy. That's how people get in really big trouble. Please be careful with money you can't afford to lose. Missing out on some gains vs. risk of bankruptcy that destroys your entire life is just not worth it.

Fear & Greed Index - Investor Sentiment - CNNMoney

 

[ev-enthusiast]

Could the high volume of already more than 13M shares traded today (average of daily trading volume currently at about 8M) indicate that some shorts are using this NASDAQ dip to run for the exits?

 

[hoang51]

Could the high volume of already more than 13M shares traded today (average of daily trading volume currently at about 8M) indicate that some shorts are using this NASDAQ dip to run for the exits?

If they're smart, yes.

 

[elasalle]

If they're smart, yes.

If shorts are covering (net buying), shouldn't price be going up then?

 

[Jayjs20]

Max pain really does seem to be coming into play today. Steady drop to 360, then started to test 356 and the buying programs kicked into action like a beast, shoving it right back up to 359 within seconds.

Also, this is not investment advice but holy crap borrowing 280% of your net worth to buy one stock, any stock, seems crazy. That's how people get in really big trouble. Please be careful with money you can't afford to lose. Missing out on some gains vs. risk of bankruptcy that destroys your entire life is just not worth it.

It's just eating a little into my massive amounts of gains so far. It's scary, yes, but logical.

That said, fingers crossed for an end-of-the-day miracle.

 

[Tslynk67]

If shorts are covering (net buying), shouldn't price be going up then?

Well as $TSLA isn't dropping as hard as some others, maybe shorts covering is keeping the price a bit higher than it might otherwise have been.

NVIDIA >10%, even AAPL >5%!

 

[Richgoogol]

Had an order to buy a few shares at $359 yesterday. Saw today's open, waited a bit for a dip, gave up and bought at $375. So you're welcome.

Takeaway: impatience never pays.

(Edit: typo)

It looks like we are both the impatient ones..LOL

 

[Muaddid]

Count me in on the bad timing too...

 

[Waiting4M3]

Here is to up ~$15 for the week, keep it up and we will double by the end of the year

 

[Starno]

We had 2 great weeks, now a little bit of rest is required (it's possible that we get a few days of red or flat days). Then it will get back up.

 

[ev-enthusiast]

Today's trading volume might hit double daily average.

 

[T3slaTulips]

Today's trading volume might hit double daily average.

It did that over 15 minutes ago.

 

[ValueAnalyst]

It's all in the Blind Faith thread. Near term targets are not as sensitive to long term price target as one might think. This is because the discount distribution is calibrated on actual price history. Anyway this has all been developed and debated in the BFPT thread.

I skimmed through it for now and will dig in deeper, but:

4% annual dilution?! Over ten years that's nearly 50%! I'll be surprised if there's any... That's a huge difference between our views.

What is the logic for the very important assumption? And please don't say that's been the historical trend.

You lost me there tbh...

 

[Waiting4M3]

At this rate, today could be the highest volume in almost a year, since the SCTY announcement on 6/22 2016, the next highest one was after Q1'17 ER, 14.9 M shares, we're at 14.3M now.