FredTMC
Model S VIN #4925
Sagging in per market this morning. Was hoping > $120 remains a consolidation point. We'll see
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My thoughts on today's price action.
Volume is nearing half of what it finished yesterday. If today's volume surpasses yesterday's volume, be prepared to make new intraday lows.
TSLA gapped down and is in the breakdown point of the pennant and staying away from the upper resistance line. The only thing that isn't right here is the low volume but if volume spikes, take caution.
Be very careful buying a long position here because today's lows can very well end up being tomorrow's highs.
Not taking justthateasy's advice, I just added 1300 shares at $117.50 and I'm pretty happy about it since this pop just happened.
(of course I did own shares when they were $194.50 so I'm still pretty beaten up)
looks like the opposite today. volume spikes up, and up the prices goes.
My thoughts on today's price action.
Volume is nearing half of what it finished yesterday. If today's volume surpasses yesterday's volume, be prepared to make new intraday lows.
TSLA gapped down and is in the breakdown point of the pennant and staying away from the upper resistance line. The only thing that isn't right here is the low volume but if volume spikes, take caution.
Be very careful buying a long position here because today's lows can very well end up being tomorrow's highs.
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EDIT
After my original post, TSLA had a surge in buy volume brining it back over 120 and new intraday highs.
Thanks for your misleading advice.
Thanks for your misleading advice.
Thanks for your misleading advice.
Has anyone noticed how the FUD-slingers like to keep quoting each others negative projections in the hope that visitors will take these words of "more price drop to come" as TMC sentiment? I don't mind a member expressing a negative thought. What bothers me is when they keep repeating the same negatives ten times or more, at which time it has long transformed from information into advertising.
Then there's the curious case of MSMX2014. On page 1350 of this forum he used the name "scottcouto" and claimed to have lost hundreds of thousands of dollars after buying at $137. When a person changes his name, however, the previous posts take on the new name, thus identifying MSMX2014 as the previous Scottcouto. Under either name, however, he continues to serve as an echo to justthateasy and others who advertise their negative messages with tiring regularity.
Offer us something new and insightful and I will listen to both the positive and the negative. Advertise the same FUD again and again and you become a sorry distraction to an otherwise useful forum.
Papafox, I gave up trying to read all the posts on this thread a couple of months ago, so I don't know about the specific posters you've been reading and I haven't. I will say, however, I have noticed that FUD in general, seems to operate by trying to pair certain words with Tesla by repetition, true or not... that is Tesla and "bubble", "cult", or fire. So while I don't know much about these posters, if there is such a pattern it seems quite consistent with how FUD slinging is attempted in general.
Sounds about right!The San Diego service center did not give me a Tesla loaner for my yearly service last week … this was the 1st time Tesla loaners were not available (had a roadster and P85+ before). The reason: “sales keeps on selling them out from under us.” IMO this is due to very strong demand coupled to production limitations due to contrained suppliers. This high demand bodes well for Q4 earnings (despite bad press from the fires) but supplier shortage will be a drag on the stock if Q1 14 guidance dose not project a near term fix in the supply chain.
We should start spewing bullish FUD like: Deutche bank initiates TESLA at buy targets $150. NHSTA revamps safety regulation based on Model S. NHSTA gives the all clear on Model S. Billionaire Warren buffet buys TSLA stock saying: "An automobile is something that I understand and can touch". Citigroup initiates TSLA at outperform targets $600. Billionaire hedge fund caught red handed naked shorting TSLA and must cover. SEC investigate said hedge fund for improper insider trading and collusion. Short positions to be liquidated immediately.
**Edit this post is pure sarcasm and FUD.
With this Seeking Alpha Tesla's Path to a Conservative $500 Per Share article released in the wee hours of the morning, with a positive outcome to both fire stories, and with Q3 info coming next week, I see the momentum on Tesla stock ready to turn around and get bullish again.