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DurandalAI
Member
Well, I thought I had remembered moving my stop loss limit to $290 but it looks like I had it set at $300, so I'm currently all cash again. Now the wait to see how low it goes before I pop back in. As others have mentioned, $270 might be the floor over the next couple of weeks, then I expect that M3 news in June/July to bring things back in the upwards trend again.
There are no shares available for shorting at Fidelity:
I have two positions in my portfolio, the other being $FIT, which is up 14% today, hurray! Unfortunately I only have 3 shares and I bought then at $35 
$TSLA average buying price is $166 though, and substantially more shares. Current plunge makes no difference to me - will be back to new ATH when M3 rolls off the line.
$TSLA average buying price is $166 though, and substantially more shares. Current plunge makes no difference to me - will be back to new ATH when M3 rolls off the line.
mmd
Active Member
Yes, have initiated them since 280. Avg around $290. Still underwater.
No guts to change exposure. Maxed out.
(Edited out part; thought I was replyingto TrendTrader007).
Unrelated:
Saw a very curious piece from Dana Hull. Model 3, the "supposed" ultimate goal of Master plan 1 to provide emission free mobility for masses, is now around the corner. But Elon is anti-selling it, so no one will buy it! We blame GM for doing a halfhearted job and selling in CARB states only, etc. etc. Here comes Tesla with their final goal of MP1. First they cripple the car. Then, they want to anti-sell it with no test rides. Amazing.
Musk Employs Unusual Marketing Plan for Model 3: 'Anti-Selling'
Those high expectations were built by Elon himself, by showing off a sleek car last year while collecting deposits. I expect a lot of cancellations when the final car comes out.
The confusion caused by naming it 3 is just baloney. Elon still thinks everyone else is a fool (may be rightfully). The two cars are too close, and M3 is half the price. Why won't people want that instead? Many people have been stretching out to buy the Model S. Now there is Model 3 to take its place.
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anticitizen13.7
Not posting at TMC after 9/17/2018
Happens all the time.
Greedy people get excited close to earnings and pile in, and all the people who are into technicals drive the momentum. Then when earnings occur and the update after only 3 months is "on track not much new to report", impatient/disappointed people sell off.
Most people will lose money trying to trade TSLA. The best chance for large gains is to hold for a very long time and ride out the swings. Unfortunately, human psychology makes this difficult because falling stock price makes most people very scared (same with rising price for short sellers) and they cash out at the wrong time.
This.
I made a gamble with calls - and lost. Now I'm looking to add to my core position today and tomorrow.
Remember - Tesla has reiterated July production of Model 3, a target that was deemed as an "impossible" date by Elon about a year ago. Not one analyst - literally no one - believes that this will happen. If Tesla executes this and guides to 50k+ Model 3s in 2017, then the stock will move appropriately.
racer26
Active Member
Tesla has to anti-sell the 3, if they want to maintain any semblance of happiness among their customers. The number of reservations on the books for the 3 while unknown, we know is big enough that they've likely got most of 2018's planned production already spoken for. Its also reasonable to assume that once Model 3's start arriving in neighborhoods, people will see them, drive their friend's and decide they want one. I estimate that for every preorder that was willing to tie up $1000 for upwards of 2 years (373,000) there are between 2 and 20 other people willing to buy one once its actually a released product.
Until such time as the pre-order/order backlog is approaching a point of being cleared, making any effort to expand the orders just leads to more customers waiting huge lengths of time to get a car. If they buy an S, they can have it (relatively speaking) now.
TheTalkingMule
Distributed Energy Enthusiast
I wouldn't call this a bloodbath, the stock is about where it was a month ago. If oil weren't plummeting 3% the fall would likely be much less.
racer26
Active Member
12+% in 3 trading days sure feels like a bloodbath.
I'm torn.
I have some May19th 300 Calls that I can't decide what to do with now. Green yesterday, they're way in the red now. Do I bail anticipating further descent to the 270 area as some suggest? Or hang on anticipating a bounce (particularly knowing Solar Roof ordering is set to open any time now).
Also, June 265 Calls. More or less the same deal. I feel like these should be rolled soon.
TrendTrader007
Active Member
Shaking out weak hands and emboldening weak shorts who'll pile on like there's no tomorrow
Should be fun next several days
Should be fun next several days
Low 280s would be the obvious buy point due to confluence of 50day SMA, and trend line. That would be the spot traders are looking at IMO.
JRP3
Hyperactive Member
I actually agree with you on this, but that doesn't negate the reality that some people expected the Model 3 to be the "next generation" Tesla beyond the S/X, which it is not.
Because the two cars are not that close. Obviously the interiors are completely different, as is the size, and the top of the line performance and luxury will stay with the S. Your argument is as ridiculous as asking why people would buy a 7 series when there is a 3 series. No one asks that question.
TrendTrader007
Active Member
In a strongly uptrending stock like TSLA it's entirely normal to have big moves down periodically to shake out weak longs
This is no different
I'm probably down well over $600k today alone but selling here makes zero sense to me personally
Just my personal opinion and I may be totally wrong
In which case I'm willing to pay the price By losing millions. Yet more tuition to the markets
This is no different
I'm probably down well over $600k today alone but selling here makes zero sense to me personally
Just my personal opinion and I may be totally wrong
In which case I'm willing to pay the price By losing millions. Yet more tuition to the markets
JRP3
Hyperactive Member
From the person saying "last chance to buy at $300" or some such a few days ago...
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