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How does Feb-22 lay out on that chart? Bottom of channel at 272-ish?
Vis Fly on The Wall:
UBS put out a note earlier today in which it questioned the fundamental case for the run-up in shares from late November 2016. Price was last at $272.96, down over 2.4% on the day. At that price next support is at $269.23. A move to or below that level would break the uptrend. Resistance is at the $275 area.
-$11 is a pretty significant break for a day with absolutely no news.
Wow! Do not know what to make of it - in a span of 14 minutes shares available for shoring at Fidelity went from 678k to 0. I can't see so many shares shorted between the 1:45pm and 1:59pm. So either these shares are borrowed and shorting orders are made based on conditions that are not met yet (i.e. so many short cell shares are in the pipe line and could execute later today) or Fidelity for some reason decided to limit shares available for shorting (to 0).
Thoughts?
View attachment 215115
I wouldn't be so sure. If ER has sufficient TE surprise, TM margin surprise, and M3 guidance/progress? It could easily pop +$10-20 on ER. That would put us in spitting distance.Longs are getting too spoiled lately. It's good to have a dose of reality once a while. I'm fine if it settles into a $270-$275 channel until ER. What do people expect to happen? TSLA isn't going to be $300 in February.
How does the Feb-22 lay out on that chart? Bottom of channel at 272-ish?
I would be more than happy if that turns out to be the case. At the end of Dec many were hoping for a delivery beat but I voted for the 22-23K delivery. I just like to temper my expectations.I wouldn't be so sure. If ER has sufficient TE surprise, TM margin surprise, and M3 guidance/progress? It could easily pop +$10-20 on ER. That would put us in spitting distance.
Remember - this close to ATH, basically every short is underwater. There is a limit to how much further it can go without triggering the avalanche of margin calls and going parabolic.
Even positive ER and continued YOY growth has hardly moved the needle for tesla. Definitely needs a surprise TE, and/or M3 appearance and perhaps more info on solarcity--where did it go?
Even positive ER and continued YOY growth has hardly moved the needle for tesla. Definitely needs a surprise TE, and/or M3 appearance and perhaps more info on solarcity--where did it go?
-$11 is a pretty significant break for a day with absolutely no news.
Didn't see anybody mention it in here. Elon tweetstorm about Dad jokes? Seems like he's in a good mood again...