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ValueAnalyst
Closed
I've been holding onto the additional shares I picked up in July, so I'll wait for SP to drop further before I'm a buyer again.
I'm a buyer at $320, absent any fundamental news (e.g. Model 3 delay) or major macro/political developments.
I'm a buyer at $320, absent any fundamental news (e.g. Model 3 delay) or major macro/political developments.
FredTMC
Model S VIN #4925
Could use a little tesla news catalyst today
Tweet, Press Release, analyst news, etc.
Tweet, Press Release, analyst news, etc.
Wow.. forget xmas.. at this rate, we would be $0 by the end of Q3
bdy0627
Active Member
Gotta be. TSLA turned negative technically late last week so shorts are probably pouncing now, aided by a very strong push at the gate. Who would have guessed a 3+% drop today after all of the carnage last week???
My take is that the market is anticipating three possible black swan events, removal of the President from office, shut down of the Government over debt limit vote, and the usual fall sell-off following a bull run. The more volatile stocks with the largest gains (i.e., TSLA) are most vulnerable. Not expecting any positive news for Tesla until the semi reveal in about 5 weeks. For those of us trading TSLA, it might be a good time to move to the sidelines and watch for a while.
Personally, I don't think this is over. Unless we get some positive news I can see a trending down until there is clear evidence that the model 3 ramp is going well, the semi reveal and/or another (new) GF announcement.
Now, I have been a contrary indicator before so take the above for what it is worth...one person's opinion.
EDIT: This is also a stock that day traders seem to like. You can drive the SP down during the morning and sell it for a profit later in the day as many have pointed out. Now, there will be days when it does not work but the pattern seems to hold most days recently.
ValueAnalyst
Closed
I think this is just another one of those times where some C-Level employee mentioned something to their wife who then went to hot Yoga class, and that one of the other wives in the class just happened to be the wife of some C-Level investment house broker, and she in turn told her husband and he then traded on the info. I'm convinced this is why we see these seemingly "unexplained movements" weeks/months in advance so that when they do happen, we all wonder what news triggered it.
JRP3
Hyperactive Member
Zhelko Dimic
Careful bull
Tempted to buy, but for the sake of all of you, I will contain urge.
If I buy at a discount, it's going to $280, maybe $250.
At least that's been my experience in years '15/'16
However, based on that 'wise' logic, I failed to reload few times already this year. Yeah, market is out there to hurt max number of participants...
If I buy at a discount, it's going to $280, maybe $250.
At least that's been my experience in years '15/'16
However, based on that 'wise' logic, I failed to reload few times already this year. Yeah, market is out there to hurt max number of participants...
It's largely random- at the discretion of the Underwriting Market Maker when the first TSLA options were offered. From that point on - they stay in same cycle--
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Technical trend pivot points are typically ~11 AM EST and 2 PM EST for TSLA lol
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