Jonathan Hewitt
Active Member
I can't tell if they are actually panicking but they sure are talking up a storm tonight...They all seem to take Elon's letter as reaffirming their viewpoints that TSLA is doomed and I don't think it's just them talking the email down and trying to reassure themselves of their short position; I think they actually believe the email is bad news. It's crazy how we can all read the same email and get the exact opposite conclusions.Holy Snikes the shorts are losing their $**T. There is definite panic.
I think the actual panic of the short time shorts sets in if we break above ~$310. Otherwise it's just another opportunity to "short the pop" as I keep seeing them say. Long term shorts are going to be here until they get forced to cover. With that said, one of the TSLA bears I follow on twitter is a trader (NOT a permabear) and is now temporarily bullish on TSLA. He thinks bears overstepped their reach and got too cocky and are going to get it handed to them now. While long term bearish and anti-TSLA he has no qualms making money on TSLA up and down. Several other traders I follow that play TSLA both directions were in TSLA puts yesterday also think it was a possible tipping point as far as momentum changing from bearish to bullish.