Short-Term TSLA Price Movements - 2013

[MikeC]

I know this is the short term thread, but it has pretty much convinced me to be 100% long. Sold 10% of my shares at 44, then agonized before buying them back at 56, then sold them again at $88, and I'm probably gonna be buying them back in the 90s now. This 10% has caused me many times more stress than the other 90% and I'm losing money on it. It's psychologically difficult to buy shares back at a higher amount and also to buy shares at 3x what you initially paid for them, but I have to get over that or it will prevent future gains. What I'm going to do is to stop selling and I'll just buy on dips, if it ever really dips again.

 

[CyberDutchie]

The data points available to us has changed. TSLA has wiped a major liability off their books and added to their cash position. This changes your fundamental analysis and discounted cashflow results.

Poor Morgan Stanley analyst, will have to recalculate price target again. :wink:

 

[Jonathan Hewitt]

Back when it was in the 30s I thought I'd try some timing moves with a small % of my holdings. I had a similar experience as you and just decided to add more stock on every dip, haha. It was much easier that way.

 

[MikeL]

I was gone for a couple of days, did I miss anything? Thought there might be something wrong w my iPad, the little green numbers had turned red. Seems to have fixed itself.


But seriously, you guys are my edu-tainment, just read two days of posts, which in this case was like 30 pages! Finally had to do some catch-up at work today (been thinking "who needs a job when your TSLA makes thou$and$ every single day!!)


thinking it would bounce off $85 I set a sell order a few cents lower. It did bounce off, right before gaining another 10% ! (This was Monday) So I did what I said I wouldn't -relieve, although only very slightly, the short's pain- in order to do something I said I would -pay for my X res. w my TSLA (man, that was easy). About five minutes later, I read a post on another thread, (couldn't find it again tonight, take credit if it was you) about Microsoft employees joking about their $100k snowblowers because they sold $5k stock to buy fancy snowblowers, then it gained 20X over a couple of years. Got me thinking about my potential $100k reservation.
Thing is, I haven't taken the cash out of my brokerage acct yet, so if I does get back near $80 anytime soon, I think I'll just buy back in. Still have a good long position, so I'm super happy either way! Thanks All! Thanks Elon! ML

 

[v12 to 12v]

I was gone for a couple of days, did I miss anything? Thought there might be something wrong w my iPad, the little green numbers had turned red. Seems to have fixed itself.


But seriously, you guys are my edu-tainment, just read two days of posts, which in this case was like 30 pages! Finally had to do some catch-up at work today (been thinking "who needs a job when your TSLA makes thou$and$ every single day!!)


thinking it would bounce off $85 I set a sell order a few cents lower. It did bounce off, right before gaining another 10% ! (This was Monday) So I did what I said I wouldn't -relieve, although only very slightly, the short's pain- in order to do something I said I would -pay for my X res. w my TSLA (man, that was easy). About five minutes later, I read a post on another thread, (couldn't find it again tonight, take credit if it was you) about Microsoft employees joking about their $100k snowblowers because they sold $5k stock to buy fancy snowblowers, then it gained 20X over a couple of years. Got me thinking about my potential $100k reservation.
Thing is, I haven't taken the cash out of my brokerage acct yet, so if I does get back near $80 anytime soon, I think I'll just buy back in. Still have a good long position, so I'm super happy either way! Thanks All! Thanks Elon! ML

Microsoft.... That is why I decided to buy and hold TSLA. I ended up with a $3 million dollar Jaguar that got totaled.

I couldn't see a computer on every desk back then. I can see a Tesla in every garage now.

 

[avatar]

OK I'm going to bed. When I wake up I hope I see what I want to see. Place your bets gents. For me - Its Alea Iacta Est.

 

[Norse]

im gonna sell my "LIT" Money and buy more TSLA on the bell just to give fuel to the rocket today! Beware you Shorters!

 

[InTheShadows]

Same here only appl. I almost bought just 500 shares in the late 90's when it was $11! Before all the splits! When people would ask me last year why I was investing in tsla I would tell them that story and say I'm not making that mistake again. Just yesterday one of those friends told me "woulda, shoulda, coulda", to which I replied its not too late.

 

[Norse]

93 Again

 

[InTheShadows]

So what is everyone's thoughts? Is it going to take off when the market opens? Will this be the last time we see the lower 90's?

 

[aznt1217]

So what is everyone's thoughts? Is it going to take off when the market opens? Will this be the last time we see the lower 90's?

Slow and steady climb to 150... I hope at least.

 

[Johan]

Slow and steady climb to 150... I hope at least.

Well, I have no clue where we will be in a couple of months but I'm 100% sure it's not going to be "slow and steady"

 

[Don Shin]

Looks like the jobs report a few minutes ago dampened some of the pre-market enthusiasm... but I'm still holding out hope for a pop.

 

[Majerus]

typically releasing more stock will drive the price down correct? If so why are we seeing a rise in pre trading?

 

[Johan]

typically releasing more stock will drive the price down correct? If so why are we seeing a rise in pre trading?

Because it would seem that this move, with it's structuring, makes for a cash inflow right now which will be used to pay off the DOE loan with cash to spare while at the same time delaying the dilution into the future, where Tesla is hopefully a lot bigger and more profitable and hence the dilution will be a lot easier on the stock holders. In the big scheme of thigs: Genious move.

 

[imherkimer]

@ Majerus: my 2 cents: the stock offering is set up to minimize dilution, follow that with all the positive news of paying off the DOE loan, etc, add the fact that the CEO is putting in 100,000,000, contributing a healthy dose of confidence in the future of the company, and then combine this with terrified shorts running for cover, while eager new longs are lining up to buy .... and you have a lot of lift!

 

[Raffy.Roma]

typically releasing more stock will drive the price down correct? If so why are we seeing a rise in pre trading?

But the release of more stock has only been announced and it has not still been accomplished. Right?
So the announcement could be the cause of the rise. I am not an expert. I am only guessing. Am I right?

 

[Majerus]

Thanks for the explanations. the things this company does amaze me. Just happy to see the price go up

 

[deonb]

So the secondary offering is keyed off of this afternoon's closing price, correct? What impact does that have on tomorrow's stock price?

 

[mnx]

Wow, stay out of a thread for a few weeks and it doubles in length. Crazy!

Unfortunately I had a covered call position on TSLA, I have only 200 shares left, but they are covered by 37$ and 40$ calls. Silly me!

I think it may be time to start shorting it.