2017 Investor Roundtable: TSLA Market Action

[Waiting4M3]

Spiegel only has 9 million AUM. Maybe 2 million now depending on the size of his TSLA short. It wouldn't take much to buy out Stanphyl Capital and oust that bum.

But that would be bailing him out.

 

[NicoV]

Nice new ATH close!

After hours approaches ATH

 

[Jayjs20]

Nice new ATH close!

Yup, I'm a pretty happy camper. Literally double the most gain I've ever gotten in a single day.

 

[FluxCap]

Calling a 379 close today, for fun.

Ron Baron bounce + Berenberg bull target + Model X safety rating + market shrugging off the tech sell-off + who cares about the Fed in this market = more TSLA market cap today.

Three bucks shy ain't a bad call, eh?

 

[austinEV]

377.00 in AH. ATH I think.

 

[Jayjs20]

377.00 in AH. ATH I think.

Correct, for a few seconds. Jumped to 377.20 moments later. That's our new ATH, for now.

 

[WarpedOne]

I'm just wishing for another 1 .... infront of that 3...

 

[larmor]

I wonder where SP will be when Model 3 finally launches lol

I wonder where TSLA will be when revenues from TE projects start rolling in...

 

[zdriver]

15m market pressure chart update

 

[D-egg-O]

Transferred my Roth 401k from last employer into my Roth IRA today. Now I have the wonderful problem of what to do with the funds. Bought 10 shares at 375. I can't help it.

 

[Curt Renz]

377.00 in AH. ATH I think.

Correct, for a few seconds. Jumped to 377.20 moments later. That's our new ATH, for now.

Thin and often flaky after hours trading doesn't count for an official All-Time High. Today it likely involves retail short covering. $386.87 reached Friday morning remains the official ATH. But today's after hours activity provides a nice hint than short covering may continue tomorrow morning resulting in an official ATH.

 

[austinEV]

Curt, what do your Elliot wave tea leaves tell you about a local top? I think it used to be 380. Is that a place to be concerned?

 

[GoTslaGo]

So I was reminded by a conversation I had with a friend when I sent him Barclays Research chart of black swan events for oil, one of which was Elon Musk's gigafactory comes on line (the rest were war and major natural disasters). His response was:

"that would also mean TSLA hitting 350 lol"

Well, that's in the rear-view mirror now ain't it. Now the question becomes, what will be SP when Barclay's black swan event for oil comes true in 2017?

Edit: This conversation was early January 2017.

 

[ValueAnalyst]

ATH AH

 

[GoTslaGo]

So I was reminded by a conversation I had with a friend when I sent him Barclays Research chart of black swan events for oil, one of which was Elon Musk's gigafactory comes on line (the rest were war and major natural disasters). His response was:

"that would also mean TSLA hitting 350 lol"

Well, that's in the rear-view mirror now ain't it. Now the question becomes, what will be SP when Barclay's black swan event for oil comes true in 2017?

Edit: This conversation was early January 2017.

For context, today's prices:

SPY 244.55

SPYX 59.35 (no oil S&P 500)

Please correct me if I'm wrong, so 75% valuation of S&P 500 is oil related industries.

 

[Curt Renz]

Curt, what do your Elliot wave tea leaves tell you about a local top? I think it used to be 380. Is that a place to be concerned?

I doubt it, Bob. If TSLA powers through to an All-Time Intraday High tomorrow morning, the potential for a true short squeeze would likely grow. If that turns out to be the case, there’s no telling how high TSLA could go before a significant correction.

 

[ggr]

For context, today's prices:

SPY 244.55

SPYX 59.35 (no oil S&P 500)

Please correct me if I'm wrong, so 75% valuation of S&P 500 is oil related industries.

No, I don't think you can draw that conclusion. The price of the funds is intended to track the movement in the underlying index but the actual $ is determined when the fund is started, and I doubt that they started at the same time or even with the same target in mind.

 

[MXWing]

But that would be bailing him out.

We'd generate more than 2 million dollar in share holder value / publicity with the headline:

"Angry Tesla shareholders oust biggest Tesla Bear short loser and convert former Stanphyl Capital office to Tesla Store."

 

[esk8mw]

So, the Friday swoon ended up being a massive bear trap. I'm willing to bet there was significant short turnover on Friday - smart shorts covering and new dumb shorts getting in for the "correction to 300" or whatever.

In 2 days the stock is back to an ATH and all those fresh shorts are underwater again - along with all the longtime shorts who are probably making all sorts of offerings and sacrifices to their traditional automaker shrines at this point. Oops!

 

[Cnasty]

Transferred my Roth 401k from last employer into my Roth IRA today. Now I have the wonderful problem of what to do with the funds. Bought 10 shares at 375. I can't help it.

Heyyyyy, me too but I got it on Friday for a little bit of a discount compared to today. I went a little crazy spreading out all my positions but Tesla is my favorite of course.