Short-Term TSLA Price Movements - 2013

[brianstorms]

Would not be surprised if close is 159.00+

 

[justthateasy]

So as we approach the ATH and breaking 160, we'll need to keep a very close eye on TSLA in the coming days and weeks.

I can't wait to read DaveT's thoughts regarding today and the near future. Should be up in a few hours right Dave? :smile:

- - - Updated - - -

Would not be surprised if close is 159.00+

Not today, maybe tomorrow.

 

[mrdoubleb]

unfortunate twitter post from Tesla this morning
Twitter / TeslaMotors: Lookin good, Wall Street! (Thanks ...

Well, NASDAQ had its own crash test today for sure too, lol

 

[brianstorms]

- - - Updated - - -
Not today, maybe tomorrow.

Yeah, musta jinxed it sorry everyone :-/

 

[justthateasy]

Either NASDAQ is still broken in some way or its on my end but my 5 minute chart on TSLA is showing sell volume and a dip to 153-154 from 156 in the last 10 minutes.

 

[MikeC]

Either NASDAQ is still broken in some way or its on my end but my 5 minute chart on TSLA is showing sell volume and a dip to 153-154 from 156 in the last 10 minutes.

I see 156.57 now

 

[justthateasy]

Yeah, musta jinxed it sorry everyone :-/

Don't worry, I don't think anyone imagined TSLA to close above 155 today. :smile: I think many of us were expecting above 150 but 155 is a welcome surprise! :biggrin:

 

[Citizen-T]

Expect to test the ATH first thing tomorrow morning.

 

[brianstorms]

An impressive final 3 minutes. The battle over 157, lots of big trades in final seconds, and happily, the buy-side won.

 

[justthateasy]

Wow, just above 157* for the close. Congratulations folks, here's to hoping for a new ATH and breaking 160 tomorrow!


*Still waiting for money to settle for the day.

 

[Citizen-T]

Little more from Elon on CNBC: Elon Musk on Teslas stock price - CNBC

 

[emupilot]

Could the run-up after the NASDAQ reboot been in any way an artifact of the time-out? It looks quite suspicious, as if the closure shifted the demand vs supply balance. I'm not complaining, of course, except that I wish I had more calls to sell aside from the Jan 15 I consider part of my core position. I'm wondering if we'll see a correction downward tomorrow morning.

 

[mitch672]

Could the run-up after the NASDAQ reboot been in any way an artifact of the time-out? It looks quite suspicious, as if the closure shifted the demand vs supply balance. I'm not complaining, of course, except that I wish I had more calls to sell aside from the Jan 15 I consider part of my core position. I'm wondering if we'll see a correction downward tomorrow morning.

I'm betting on it. Sold some Jan14 $165 calls for $20, I've already done this once (buy them back for less on the next major dip), of course worst case scenario I end up selling TSLA for $185 ($165 + the $20/share sold call). I'm betting between now and Jan14 I'll be able to buy them back for less.

 

[Norbert]

An article on Streetinsider suggests it was triggered by "Model E" chatter:

http://www.streetinsider.com/Trader+Talk/Tesla+%28TSLA%29+Resumes+Trading+Higher+on+Model+E+Chatter/8627916.html?si_client=intbro

 

[justdoit]

Could the run-up after the NASDAQ reboot been in any way an artifact of the time-out? It looks quite suspicious, as if the closure shifted the demand vs supply balance. I'm not complaining, of course, except that I wish I had more calls to sell aside from the Jan 15 I consider part of my core position. I'm wondering if we'll see a correction downward tomorrow morning.

Exactly what I'm thinking. Just doesn't make sense.

Great reminder from Citizen-T. Not sure if he still feels this way, but I do.

Alright guys, just like we needed to be buying not freaking out when we were trading at $138 we need to start thinking about taking profits here and building back up our cash for the next drop. TSLA still looks range bound to me, I expect we'll hit $160 in the near term, but then I expect we'll revisit the 140s after that. I don't see anything on the horizon that is going to break us out of this channel and the overall market certainly isn't going to help us.

I'm selling the rest of my calls at the ATH. At $160 I'll probably start getting defensive.

I sold all my calls for pretty nice profits. Actually also sold some covered calls.

 

[justthateasy]

What is going on with the computer errors today? I'm now seeing a bid price of 157 and ask price of 149.47 making the spread -7.53 in after hours trading.

 

[brianstorms]

An article on Streetinsider suggests it was triggered by "Model E" chatter:

http://www.streetinsider.com/Trader...Model+E+Chatter/8627916.html?si_client=intbro

And to think TMC has been yakking about Model E since Aug 9th.

 

[Citizen-T]

Great reminder from Citizen-T. Not sure if he still feels this way, but I do.

My plan is still firmly in place. When we get back to the ATH, I'm dumping my remaining calls (Sept $160s purchased for $3). If we break the ATH, I expect we'll go north of $160. At that point I'll get defensive (probably by selling covered calls, haven't decided yet).

 

[TSLAopt]

What is going on with the computer errors today? I'm now seeing a bid price of 157 and ask price of 149.47 making the spread -7.53 in after hours trading.

In my opinion, today was a perfect storm of catalysts (CNBC coverage and Model E chatter) triggering a mini short squeeze which hopefully will continue tomorrow.
If it continues tomorrow I see 165+. If it doesn't then a mini-sell off down to mid/low 150s. It's back to our volatile ways.

 

[twinklejet]

Could the run-up after the NASDAQ reboot been in any way an artifact of the time-out? It looks quite suspicious, as if the closure shifted the demand vs supply balance. I'm not complaining, of course, except that I wish I had more calls to sell aside from the Jan 15 I consider part of my core position. I'm wondering if we'll see a correction downward tomorrow morning.

I don't think so, stocks like cisco went down and stayed down after the re-open. Anyhow, there was a slight taper in the run-up at 157, and it eventually stabilised around there before closing so it all looks good to me. I'd only be worried if it was a straight linear climb.