Me too. Raised cash. I'm glad I cut my losses on house money also. Kind of regretting buying some common shares yesterday, but at least those are long term holds.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Short-Term TSLA Price Movements - 2013
- Thread starter Robert.Boston
- Start date
- Status
Me too. Raised cash. I'm glad I cut my losses on house money also. Kind of regretting buying some common shares yesterday, but at least those are long term holds.
Bardlebee
Member
I bought in too soon at 177 
Oh well these stocks are long term (more then a year) so I guess I should sweat the short term. I believe in Tesla and their ability to grow as a company to over 200 a share.
Oh well these stocks are long term (more then a year) so I guess I should sweat the short term. I believe in Tesla and their ability to grow as a company to over 200 a share.
They key thing is why buy NOW at $175 when you could buy later at a lower price, say $170 or even $164?
MartinAustin
Active Member
marvinat0rz
Member
On a lighter note, for those who are able to hedge with options (I'm not, yet - just made a wire transfer to optionsXpress), yesterday when the video of the fire first showed up was a brilliant trading opportunity. That we were able to get this piece of news 20 minutes before the market at large, was almost a proof against the efficient markets hypothesis. If anyone cares about such theories around here (doubt it).
kevin99
Member
at $170, I did go in and buy this week's call $170 for $3.5 and will hold it till expires, only 2 days.
Seems most the damage is done. Now only if Tesla can make some statement. We know this is blown out of proportion. But it will take time to heal. Something from Tesla or Elon will help a lot.
Seems most the damage is done. Now only if Tesla can make some statement. We know this is blown out of proportion. But it will take time to heal. Something from Tesla or Elon will help a lot.
I'm afraid it bounced due to some short-covering taking profit and resting above $170 level a bit. It has resumed its march downward.
That's a very risky bet Kevin. I still don't believe Tesla or Elon will announce anything tomorrow. Remember, they're not in the business for helping us make short-term profit. If I were Elon I would not only take a bit more time to conduct thorough investigation....but perhaps more importantly to STRATEGIZE with my PR team on how to defend ourselves against an onslaught of negative publicity fed by short-sellers and the competitions.
If we breach $170 and stay below $170 today.......I expect more selling tomorrow down to $164 or even retest the post-earning Resistant level of $158.88
Took some money off the table (out of TSLA) premarket and bought solar. I have money on hand to buy in when (If...and I hope not) next support level at 162. It is our turn for tsunami of hurt...but we will come back.
kevin99
Member
As I updated last night, I close it yesterday for a OK gain once I realize there is more and the stock does not move like it used to. I was pretty much out of touch of the market yesterday.
I'd guess there will be a statement before Monday. They'll undoubtedly have folks working on the forensic analysis over the weekend.
MartinAustin
Active Member
Volume has increased now... it looks like the sellers are now finding buyers.
+100
I was checking their blog over and over to get information about what they learned, what they were doing and, it turns out that a statement came out on Jalopnik?
I never would have looked there. Everyone knew this day was coming. It seems like they were partially prepared but not on the communications end.
kevin99
Member
Yeah it is a risky bet in such unusual unusual circumstance. $170 is a good price. Yes we can draw all the line and come to the magic number $164, but more than likely it won't be hit.
Sunnyday
Member
NFLX provides a good case study of how an otherwise pristine company made a series of PR blunders in quick succession that shattered investor confidence and caused the stock to plummet. Golden children, priced to perfection, are extremely vulnerable to such a turn.
Think back to when Tesla announced the voluntary recall in June, on the blog. Partial Recall | Blog | Tesla Motors The stock went up because Tesla proactively owned it, acknowledged it, and articulated their plan. Customers and investors will forgive mistakes if a company owns up to it and acknowledges it and provides a plan.
Tesla could stop the bloodletting now by taking control of the message, rather than trying to allow a few spokesperson comments land here or there at some news outlets. The WSJ just came out with a story with the headline, "Tesla Shares Keep Burning, Questions Swirl About Car Fire." Do folks realize how incredibly damaging that headline is? "Questions swirl" implies lack of control, lack of transparency, lack of trust, lack of competency, unanswered questions. The story has no Tesla comment, and when there's a void of information reporters seek out information from others who are less informed. There's an analyst comment. Sorry, but when you're facing a PR crisis, the company needs to carry the message, not a surrogate analyst.
Gtoffo
Member
The market sure isn't helping much...... I'm locked out of trading until tomorrow: I couldn't buy any puts yesterday also so right now I'm totally exposed and powerless.....This is probably the most stressful day I've ever had trading TSLA. Fortunately I closed some of my positions and managed to limit my loss somewhat.... still losing a lot though.
This is a huge buying opportunity though. As soon as elon/tesla say something about the incident the stock will jump up. The algos will make sure of that....
This is a huge buying opportunity though. As soon as elon/tesla say something about the incident the stock will jump up. The algos will make sure of that....
- Status
Similar threads
- Locked
- Poll
