JRP3
Hyperactive Member
I'm convinced of a reversal and was afraid of it running away from me. I expect my recent purchase to be green by the end of the day in any case, and if not then at some point in the near future.
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TheTalkingMule
Distributed Energy Enthusiast
FUD is flying everywhere today. Funny that there are so many shares available to short if everyone's so pessimistic?
Nice to see the Aussie announcement and would love pics of a Model 3 coming off the line setting a share price floor for this short attack. I'm just hoping they're still so far underwater they haven't been able to unwind yet. No idea what deep short unwinding look like.
Nice to see the Aussie announcement and would love pics of a Model 3 coming off the line setting a share price floor for this short attack. I'm just hoping they're still so far underwater they haven't been able to unwind yet. No idea what deep short unwinding look like.
Saw the pre-market green and got a little too excited, grabbed some at the openI should know better than to dive in that early.
If it makes you feel better I did the same exact thing, I let my emotion get the best of me and click the buy button. It appears to be stabilizing though.
Todd Burch
14-Year Member
The shares that I sold at $317 yesterday I bought back this morning at $309 (actually bought a few more shares than I sold yesterday), and we''re now at $315 and looking to be stable to heading up. So I'm good with my move
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phigment
Member
Took a while to transfer from CAD -> USD for me this morning. By then we started up the V and I was chasing the price.
I decided to take a breather and bought a few more @312.5 on the small 'dip'. First time I bought more since $186.
Not that anyone cares, but I take back 80% of my positive comment about myusername's contributions to the board. There are times where he brings up good points and sparks good discussion, but I have to admit, too many of his comments do seem to be little more than mocking and instigating... trolling, if you will.
Managed to grab some more shares below $314. This makes a mere 209 shares I've bought on the dip (and incidentally these are my highest-cost-basis shares ever). Also sold a Jan 2018 $320 put into the very high volatility, even though it's backed basically by "sell my other stocks" rather than by cash. (One of my other stocks is a cash merger arb bet which should be clear one way or another by then.)
I'm actually more fully invested than I'm normally comfortable with, but this was just such a nonsense dip, and it dipped below my target price, I had to get a little...
I'm reminding myself that "the last eighth is the hardest to get" and not worrying about missing out on the $306 prices.
I'm actually more fully invested than I'm normally comfortable with, but this was just such a nonsense dip, and it dipped below my target price, I had to get a little...
I'm reminding myself that "the last eighth is the hardest to get" and not worrying about missing out on the $306 prices.
Much of the selling during the first quarter hour of trading may have been due to margin calls. Once that was cleared out of the way, a meaningful rebound could commence perhaps with the aid of covering by prudent short sellers.
There's another aspect to this. I've explained this on another thread, but low interest rates mean high adoption of solar.
Because with solar you're paying upfront for energy produced 25 years from now, it's important for the time value of money to be low. When interest rates are high, it gives an advantage to fossil fuels, where you only pay for them when you use them. So high interest rates act as a headwind for solar and keep old fossil fuel plants running longer. (I think new fossil fuel plants are dead in any case, but this does make a difference for whether *old* plants are replaced by solar.)
Krugerrand
Meow
But why yesterday of all days? Why not February 2016? Or one of the many previous ridiculous sell offs that have occurred since IPO? You know Model 3 is coming and that it'll be a sell out for at least a few years. You know Tesla Energy is coming, Tesla Solar, etc... You were up a crap ton, didn't need to sell (or did you? to buy something?) and you knew it would recover. I don't understand the decision to sell yesterday given how long you've been holding and then to just jump back in - meaning you didn't sell because you're expecting a worldwide recession or anything like that.
They are, they are. Despite being a bit more extended than I like to be, I couldn't resist selling a $320 strike put (Jan 2018 expiration) for $41. I mean, seriously, if it goes through it's like buying TSLA for $279 ! And it probably won't go through.
...OR were totally ready to acquire shares through execution at that price. I find that alleviates the need for the cast iron stomach.
(I've actually sold puts on the day of expiration when I was hoping to get a bargain.)
Reciprocity
Active Member
I'm like a stock genius with my stop loss yesterday and buy back. I saved like $100 after fees and only gained 5 grey hairs in the process. I think I need to go into the stock trading business. I could beat Tambourine-o any day. I am going to just get back into my lane. Long and Strong!
Well, that's awesome if you're capable of doing swing trading. Most people aren't. I know when I try it I get the timing backwards, so I don't try it.
phigment
Member
Pure rumor:
On reddit, by user ElonsVelvetJacket
"Effective immediately many Tesla stores will be permanently closed"
Wasn't that the user that tweeted a bunch other rumors that came true?
On reddit, by user ElonsVelvetJacket
"Effective immediately many Tesla stores will be permanently closed"
Wasn't that the user that tweeted a bunch other rumors that came true?
I hope the contract has provisions for acts beyond Musk's control. It looks like the government or the wind farm developer is providing the land -- so the contract needs to specify that Tesla needs to get immediate access to the land, and all local permits to build need to go through promptly, or the 100-day guarantee is void. And it needs to specify that Tesla's job is done when it's hooked up, even if the utility company causes delays in allowing it to be turned on. And it needs to specify that if Australian customs causes delays importing the Powerpacks et al, this voids the 100-day guarantee.
This seems obvious, but Tesla's legal team is notoriously incompetent, so I'm not sure they've done this. The awful federal government of Australia is so deeply in the pocket of the coal industry they might actually deliberately delay things at customs -- don't put it past them. The Australian utility companies have been deliberately engineering blackouts to raise their profits, so I would actually expect them to try to refuse connections to something which would stabilize the grid.
Waiting4M3
Active Member
Also the same cell goes into the 75kwh pack as 100kwh pack, if there is any supply issues with the cell then the 75kwh packs would be equally impacted.
Yes. That's very strange.
Rumor: Effective immediately many Tesla stores will be permanently closed • r/teslamotors
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