The chart is looking sinister, SMA(5) is below SMA(10), with growing differential, and TSLA seem to want to close the gap made after the Model 3 reveal event. That would be $325, if pans out...
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depending on macro state - that matches my current add point
Agreed (on both counts). I am fully invested, so will probably switch some shares to LEAPS if we get there. This switchover and then back worked pretty well for me this year...
Tesla is way oversold from an rsi perspective. Should see a bounce of 2-3% with the next 2-3 days. Could still drop further but I'm buying calls
that's exactly my scheduled add if we hit $325 (conversion of common to J19 $250 LEAPS)
At this rate, we would be $0 before Tesla Semi unveiling...
At this rate, we'll be $0 before the eclipse is over!
Image from NASA's eyes site (JPL)
NASA's Eyes: Eclipse 2017
My apologies,
Somehow, I am sent this to the wrong thread.
Doing it outside while I was watching the eclipse peeking through eclipse glasses at my phone.
bdy0627
Active Member
As soon as we see a few more bears spouting off around here then we'll know we are at the bottom.
bdy0627
Active Member
Even better would be if they came out with some poetry around here.
bdy0627
Active Member
DurandalAI
Member
I'm not a bear, but I have some funds that should clear my account in a few days, so you can expect me to post poetry shortly after that happens, and then my buy order about 4 hours later.
bdy0627
Active Member
If we get a mandatory morning dip tomorrow, I think that would likely be a great place to add some LEAPs. Right now could be too, but if the shorts pull off the usual dip tomorrow morning, that would offer an even better price point. This seems to be a bit of another long squeeze.
Sometimes this thread gives a reasonable insight into what investors are thinking (sometimes it is far more bullish). Looking at posts today, I see lots of investors stating that they find the current price attractive to buy but they're staying on the sidelines with the thought that TSLA may have more down to go before it turns around. For this reason, I suspect there are plenty of investors out there that are ready to buy back in when the stock starts climbing again, and so I would suggest watching it carefully because when it turns around it can run up very quickly. On the other hand, I've been bitten by false bottoms before, so watch for them too.
ValueAnalyst
Closed
This is not a long squeeze. What happened in the first few days of July was. Different.
So what do you suspect this is? Can't really make sense of this. The only logical explanation I can come up with is the big rotation (from growth to value) since AMD is also down dramatically. The illogical explanation is can come up with is due to the solar eclipse, since all the solar stocks are down big. There has been articles about the solar eclipse will affect the solar pannels, etc.
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