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Short-Term TSLA Price Movements - 2013
- Thread starter Robert.Boston
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ShortSlaver
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It must be Tuesday - we've seen this pattern a few weeks in a row now. Larger pre-market volume, an early spike and then a let down.
Citizen-T
Active Member
Yeah, most of the time I've seen it come up on his show he just says it is too risky for him and he wouldn't recommend it. When the young guys (20's) would say they owned it, he'd bless it as a speculative play. Now that the risk is lightening up, he might be coming around to it more.
Ditto
already took some profits, rolled up and out, ready for earnings to play in either direction. I'm half long (no sexual reference thank u), and half cash ready for more
Norbert
TSLA will win
The Deutsche Bank came in with its usual nonsense. They've been consistently wrong on TSLA (for years).
That CR news - if legitimate - sure was an unexpected boon for me. I will say I shudder to see TSLA mentioned (as in this Cramer link) in the same article as Herbalife. Ah well - that's a lesson to try to stay objective about the market....
I think it's healthy to see some profit-taking by the longs into earnings, otherwise I'd be concerned. This is the most volume we've seen since April 1. Not due to additional shorts hopping on, all longs taking profits. Good news is that they're selling to someone who thinks 57-58 is a bargain. I think there are a lot of institutions that don't want to be left out of this story.
EarlyAdopter
Active Member
Massive volume so far. I'm thinking it's a combination of profit taking by the recent momentum buyers coupled with and triggered by a resurgent effort by shorts to make a stand above 60. Many shorts could have been margin called or stopped out above 60 and are scrambling to get back in.
Me, I bought at $27. While I seriously considered selling at $60 - for a few days I had a limit order in to sell everything at $60 - I've decided to hold on through earnings. Even if it tanks I'll be plenty ahead still. On reflection I decided the reason I bought in the first place was the 4 - 5 view on Tesla and the rollout of Gen 3. At that point I figure Tesla will be fairly valued at $150. So this is all just noise until then.
The Consumer Reports tease is real. Link to a screen shot of the page here.
Me, I bought at $27. While I seriously considered selling at $60 - for a few days I had a limit order in to sell everything at $60 - I've decided to hold on through earnings. Even if it tanks I'll be plenty ahead still. On reflection I decided the reason I bought in the first place was the 4 - 5 view on Tesla and the rollout of Gen 3. At that point I figure Tesla will be fairly valued at $150. So this is all just noise until then.
The Consumer Reports tease is real. Link to a screen shot of the page here.
jeffro01
Active Member
Norbert
TSLA will win
That would explain it. Kind of. Otherwise I can't understand why anyone would sell below $57.50, at this point. I guess if confidence is still so low, it only means that after the announcement, on Thursday, it will go up even more than I have expected so far.
I think the timing of the CR review couldn't be better. Last year when all the rave reviews came out the Model S still wasn't in volume production, and there was an expectation that you would have to wait 9 months to a year to get one, assuming that Tesla could live up to their promises and actually deliver them (they were already behind schedule).
I think a lot of people might have dismissed the car at that stage as perhaps flashy, but not realistic, and had no reason to look again. The CR review will come out now during a season when people are considering new cars and Tesla is cranking them out with only a small wait. In their larger markets (especially California) people will have been seeing them around as well. I think it should be a timely boost to ordering.
I agree, though, that it isn't a big part of the current stock craziness, which is all about the earnings.
I think so too. Another nice timing component is the new lease program that reaches further into the CR review target audience. The 10% Elon referenced. I'll bet he couldn't be more pleased with this timing
ShortSlaver
Member
Indeed, an awful day and heavy volume contributing to the potential outside reversal you've noted. There's certainly a domino effect going on and plenty of people saying the hel with it, I'm taking what I've gotten and moving on - or selling earlier and still waiting to get back in.
I expected a pullback from yesterday and today is certainly that. But it's really hit the wal hard. But this stock has been doing this. Big run-up, hits the wall hard and bounces back. Then runs up past those limits into new territory and repeats. And they've gotten larger and larger.
I sold a few of my May 60 C's at $62.00 today to cover my cost and then bought some May 62.5 C's later when the price was in the mid 57's. It went back into the mid 58's shortly after and I figured myself a genius. But since then it has deflated over this massive bear run.
Bad day for SCTY too.
The whole MUSK ETF I've made is struggling today. Still up overall by quite a margin though.
jeffro01
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