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Short-Term TSLA Price Movements - 2013
- Thread starter Robert.Boston
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kevin99
Member
Exactly that was the first thought came to me. For one moment I thought it is because I participated under the i3 thread. lol
Curt, looks like this same observation hit the media, see here:
Tesla Spiking Down On Negative Citron Tweet (TSLA) | Benzinga
And, our new TMC member Julian Cox (excommunicated from Seeking Alpha) responded in kind in the comments section too - well done.
Not to cite the same article twice here on TMC (but I think it might be necessary) -- perhaps a more accurate analysis I pointed out yesterday in another thread might just be a far better comparison between i3 and MS:
BMW i3 review: Electric car is a cheap, ugly Tesla Model S with an SUV on the side.
I have never in my entire life used a stop order. When I buy a stock I hope that it goes down so that I can buy more of it at a discount (and not sell).
I managed to buy some more options today when the stock was at $129; already up 20% on that bet. I'll buy more tomorrow if TSLA goes down again.
InTheShadows
Active Member
Tax gains from oldest shares bought a year ago would be way too much to even consider trying to get out and hoping to get back in on a $5 dip.
kevin99
Member
Not really. The reality, or my own personal experience is with good stock like TSLA, you get stopped out at the exact moment where you should instead buy more on the dip.
Of course for other trading vehicle, stop loss is a must. Just TSLA is a different dynamic altogether.
It is hard to image people would place a stop at the $133-135 range, when only today (and a short period of yesterday) is above that level. Most people I suspect get stopped out at $130, and still at a loss right now $132.
Norse
Active Member
Norbert
TSLA will win
When one follows the stock closely, it feels much longer than just yesterday.
Yes, one could argue this was a blip upwards. Yet, to me, the upward movement felt natural, since we learned that Tesla is less likely to have serious competition in the foreseeable future. And still, more and more major automakers are justifying, promoting, and extending, the electric car market.
Jonathan Hewitt
Active Member
Speaking of Tuesdays, TSLA did pretty well today for a Tuesday. I would be happy except for the tease the first half of the day and then me buying two Dec calls after the first large dip only to have the stock dip down further...I should have trusted myself when I felt like today was going to be a down day
At least they were DEC calls and not AUG monthlies or weeklies.
Norse
Active Member
Off topic, but since we saw an i3 Commercial, we might aswell post this one! http://vimeo.com/70643320
History in the making!
History in the making!
CyberDutchie
Active Member
Wait, that's counter intuitive. If Tuesdays are the days to buy on the dip, your Tuesdays investment should outperform the non-Tuesdays, no?
Norse
Active Member
"The EIP Agreement provides that ending July 2013, if the company receives an
offer from a strategic competitor of Daimler to enter into an agreement for
development of a non-Tesla branded vehicle or an integrated electric powertrain
system, DNAC would be given the right of first refusal to enter into such
agreement with the company instead of, and on the same terms offered by, the
third party"
Any News here?
offer from a strategic competitor of Daimler to enter into an agreement for
development of a non-Tesla branded vehicle or an integrated electric powertrain
system, DNAC would be given the right of first refusal to enter into such
agreement with the company instead of, and on the same terms offered by, the
third party"
Any News here?
Citron Research is an online investment newsletter for short sellers: http://www.citronresearch.com/
Its editor is Andrew Left: http://en.wikipedia.org/wiki/Andrew_Left
He normally focuses on companies that might have been involved with corrupt or questionable dealings and may be headed for legal troubles. His twitter account has 6,895 followers that I would suspect to be largely short sellers. In Tesla’s case he simply tweeted about competition and provided a link to a BMW article in Time magazine. Nothing sinister seems to be suspected about Tesla. Since a report on Tesla does not appear in his newsletter, one must wonder about the motivation and timing of today’s tweet.
Acmykguy
Member
In 1998, in his first job, Mr. Left was found by the National Futures Association to have: “MADE FALSE AND MISLEADING STATEMENTS TO CHEAT, DEFRAUD OR DECEIVE A CUSTOMER IN VIOLATION OF NFA COMPLIANCE RULES 2-2(a) AND 2-29(a)(1). ” Mr. Left was debarred for three years, among other punishments.
He fabricated information about Mr. Rana (calling him a thief who steal from the elderly), and Mr. Rana sued Mr. Left for libel. Mr. Left failed to comply with the court’s order for discovery. As a result, the court issued a judgment, ordering Mr. Left to pay Mr. Rana $2,500,000 for damages.
and
Citron started down the slippery slope of attacking companies arbitrarily. In June, 2011, Citron attacked Harbin Electric, on which it issued five reports, claiming that “shareholders are holding a company that is a potential 0….yes a 0, as in donut. ” Citron’s report Caused Harbin share price to drop from $16.50 to $8. However, to Citron’s chagrin, Harbin was acquired a few months later for $24 per share.
mershaw2001
I'm short the short sellers
I've been short ANGI (angie's list) when Citron attacked it. Right now I'm long when he attacked tesla. I'd have to say, when he attacked angi's list I was completely unimpressed by the attack, by the level of investigation, and by the "citron report". It moved the stock about 2% that day, but the stock recovered quickly, as tesla did today. The citron report looks like a kid went nuts with the highlighter, having red, yellow and black text all over the place, exclamation marks and bold text all over the place. Point being, I'm not too concerned about this guy. When he was on the same side as me before, it made me think "if this looney is taking the same position as me, maybe I need to reconsider".
Frankly I think this draws more shorts into the stock, which could have positive implication for an upward move if there's an earnings beat.
Frankly I think this draws more shorts into the stock, which could have positive implication for an upward move if there's an earnings beat.
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