2017 Investor Roundtable: TSLA Market Action

[geneclean55]

Where did the shooting star sell-off go?

 

[WarpedOne]

Already back above 280 ...

 

[TrendTrader007]

$TSLA bought more this AM at $278.09

 

[TrendTrader007]

The shares you were throwing out of earlier was 10s of Ks so that would mean your recent buys are houndreds of shares to have almost zero cost average movement?

Tesla actually I was kidding about 10s of Ks my total position in Tesla is only 675 shares and I bought 10 extra shares
Sorry for confusion

PS: I'm just a small timer hoping to make it big someday
It's nice to dream though
Never made more than $40000 a year in my life

Sorry! It was a typo my total position in Tesla is only 375 shares that is it got nothing more

 

[geneclean55]

That shooting star from yesterday almost bankrupted me. Glad I got out this morning premarket.. NOT

 

[AlMc]

Cross posted into the TA thread also:

How to Play Tesla's Wild Ride

 

[Mike Smith]

Obvious attempt this morning by the shorts to blunt the Baron bounce. Very fitting, Ron having pointed out that shorts allow stocks to be bought on sale.

 

[vgrinshpun]

Looks like today's morning dip presented itself as an attractive opportunity for some short sellers to close their positions. Approximately 584k (**) shares were covered at Fidelity so far:

 

[PKINOC]

I'm waiting for the SA article pointing out that on his previous appearance Baron said 30-50X, and now it's only 30X.

Ron Baron Losing Faith In Tesla

He was also talking beyond 13 years the last time.

 

[durkie]

IB update:

 

[AudubonB]

A passel of Ron Baron posts moved to General Discussion

 

[MitchJi]

Cross posted into the TA thread also:

How to Play Tesla's Wild Ride

Bottom line: Because of the big run to the upside, TSLA could have a pullback so my strategy is to buy strength. Buy on a close above $288 and consider adding on a close above $291. Risk? I would pick a dollar amount you can afford to lose and then enter an appropriate order.

 

[1kEE]

Tesla Motors: Sell the News?

Did this just cause the move down?

 

[DaveT]

@TrendTrader007 - I'd love to interview you (via Google Video Hangout) and have you share about your trading insights and stories. I tried PM'ing you but it would let me (something about your profile but being public). So, PM me when you get the chance. (Ps, you can look at the google hangout thread in the investors section and see some of the folks I've interviewed in the past.)

 

[1kEE]

@TrendTrader007 - I'd love to interview you (via Google Video Hangout) and have you share about your trading insights and stories. I tried PM'ing you but it would let me (something about your profile but being public). So, PM me when you get the chance. (Ps, you can look at the google hangout thread in the investors section and see some of the folks I've interviewed in the past.)

Another silly idea... a bunch of us are in the CA Bay Area, and it would we interesting to organize a meet at a restaurant or pub and hang out. Be fun to meet in person.

 

[DaveT]

Another silly idea... a bunch of us are in the CA Bay Area, and it would we interesting to organize a meet at a restaurant or pub and hang out. Be fun to meet in person.

We've organized meetups in the past, usually right after the annual shareholder meeting for lunch.

The good thing about a google hangout though is that it's recorded so that everyone who'd like can watch it later.

 

[EnzoXYZ]

Tesla actually I was kidding about 10s of Ks my total position in Tesla is only 675 shares and I bought 10 extra shares
Sorry for confusion

PS: I'm just a small timer hoping to make it big someday
It's nice to dream though
Never made more than $40000 a year in my life

Sorry! It was a typo my total position in Tesla is only 375 shares that is it got nothing more

Now even more confused. The root of my question is to distinguish a material trade of your post. If one adds 20% to his holdings is significant vs. one that adds 2%. It gives a different read... that's all. Seems like you took a different approach.

 

[MitchJi]

I'm no great predictor, but absent more positive info on model 3 ramp it looks like this rally has just been a sentiment shift and massive institutional buying due to that shift. I don't think sentiment alone can carry it much beyond ATH because institutions don't tend to be trendsetters when it comes to ATH prices unless they have inside information.

A short squeeze would obviously cause short term price explosion though.

Let me ask you, absent a squeeze, how high do you think this runs before we get some reversal or a new flat channel? I doubt your guess would be much higher than 320 either, but I may be totally wrong about your thinking here.

I think it's mostly due to the fact that income from all of the catalysts we've been talking about here for the last couple of years is imminent.

I don't have any idea what the price might be, not even a guess, but I do think that the surge might not be over.

My post was not disagreeing with you thinking that the surge might be over, but the fact that you seemed to be too sure that it was over, and the reasons for that certainty seemed dicey to me.

I'd be pretty happy with $320!

 

[MartinAustin]

Think we just saw support at high $276 range. Hopefully up from here.

I think we're about to test your theory

 

[1kEE]

I think we're about to test your theory

I think it's a loose 280 support... give or take a few bucks.