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MartinAustin
Active Member
IMO the jump yesterday signalled the first moves by big shorts to cover their positions and get out. We're between the worldwide deliveries announcement and the gigafactory tour on one hand, and the ER in about a month on the other. Shorts know that it's only a matter of time before the SCTY and TE parts of the business start to add even more profit to the car side, which is marginally profitable depending on your point of view, but really shows no serious signs of decline.
The writing is on the wall and some shorts are starting to read it.
The writing is on the wall and some shorts are starting to read it.
Tesla Motors Inc (TSLA) Stock Is Set to Take Off
Headlines such as "Tesla is set to take off" aren't hurting us any today.
Headlines such as "Tesla is set to take off" aren't hurting us any today.
3Victoria
Active Member
Tesla Motors, Inc. (TSLA) Coverage Initiated at Guggenheim
"The firm set a “buy” rating and a $280.00 price target on the electric vehicle producer’s stock."
"The firm set a “buy” rating and a $280.00 price target on the electric vehicle producer’s stock."
Based on the data from Fidelity trading screen shots that I take throughout the day - see posts up-thread - there was no short covering yesterday, and this is good news. I prefer them (short sellers) stay for little longer.
That yesterday formation that was a beauty is technically called hanging man as opposed to hammer when it happens during the uptrend and actually could indicate a reversal. We had couple of those during this uptrend, but TSLA blew right by them, marching up. Hopefully we'll keep doing this for a while...
Nope, there were some shares available for shorting (most likely) added by Fidelity after 8:00am, and some low level shorting after open. One of the reasons I am watching this is that I would like to know when massive covering take place, as that would be a signal to get out of the short term / medium term trading positions. These guys are not convinced yet, which I take as a good news...
Nice! Now I can't speak to my friends at the firm about it.
CNBC reporting Elon just entered Trump tower to meet with top aides of Trump.
CNBC on Twitter
CNBC on Twitter
So, are we indeed heading to $230, just under the upper Bollinger Band on a daily chart ($232.09)?
Not use to seeing Tesla climb on lower volume towards end of trading day.
Elon Musk Meets Trump Aides in NYC tad more info here.
3Victoria
Active Member
Very interesting, thanks. Maybe he will bring up the restraint of trade / anti-competition tactics of the various states and auto dealer associations.
EDIT: Oops, this should have been on the other list. I cross-posted it.
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3Victoria
Active Member
Robert W. Baird reaffirmed their buy rating on shares of Tesla Motors, Inc. (NASDAQ:TSLA) in a report issued on Thursday.
Tesla Motors, Inc. (TSLA) Receives “Buy” Rating from Robert W. Baird
Tesla Motors, Inc. (TSLA) Receives “Buy” Rating from Robert W. Baird
If we can hold the $230 price into close it would bode well for Monday's opening.
Edit: The shorts will, of course, try to bat it down to 229.99 or below.
Edit: The shorts will, of course, try to bat it down to 229.99 or below.
Yes, saw the hanged man, but hoping it was a hammer...that being said, the long Green Day preceding it made me think we were/are repeating the Rising Three Methods continuation pattern in one form or another, that TSLA has been following for last couple of weeks.
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