CyberDutchie
Active Member
Amazing how quickly the media can change their tune:
On CNBC's talking numbers today: Tesla is headed to $160 at a minimum
On CNBC's talking numbers today: Tesla is headed to $160 at a minimum
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Wow, there was just now one trade in the after hours for 87,000 shares for 144.70!
Probably a steal, relatively speaking.
BTW, it seems the Falcon 9 rocket launch is successful, except they lost video link after second stage had been riding fine for a while.
Can't tell if any of that is an omen. ;-)
...Steve Jürvetson also shared on his FB the fact that Model S made front page news....
"If the auto dealers do anything stupid". That only happens about 1,000 times a day!My guess is also never. The Whitehouse had several other pressing things to talk about, like Syria, fiscal cliff negotiations and that was before the whole healthcare.gov mess. The republicans will probably try to keep that fire burning all the way until the next election, even if it is working OK before then. The auto dealer monopoly issue is sadly quite small in comparison to some of the more important things going on these days like immigration reform.
If a Republican president gets voted in, that will keep the lid on the issue as well. If another democrat gets voted in, I suppose there is a chance.
If the auto dealers do anything stupid and/or get themselves put into the spotlight, perhaps that might trigger some movement.
Since all that was totally off-topic, I will now talk about TSLA
$142... from the low of $117 or so, that is half-way back up to $167 which I think the stock sat around for about 3 weeks in August/September. Could we say that TSLA is half-way back to a stable position?
The launch was a success, Elon tweeted that already. The loss of video is normal, the vehicle got just too far for the standard equipment to pick up video feed, the telemetry is still good.
That for me caps off a perfect day with Model S delivery, huge amount of media coverage in Estonia (really surprised how popular the topic is, now just need to worry if it comes back and bites me somehow in tax board ways or what not). Had to recharge my phone 2x during the day. And then the nice 16% pop today. Well could have been me tweeting and Elon replying Nah, that happened in the final hours of the trading though Steve Jürvetson also shared on his FB the fact that Model S made front page news. But it's good to see we're fully confirming the exit of the downwards channel now. It was nice to finally see a serious green day in the portfolio
Did he sell all his stock? Maybe just to buy back at a lower price?
It seems like they want Tesla to disclose every detail of their battery and how it's built, in other words, to disclose their secrets......
Congrats to everyone who owned TSLA today. A huge weight off the back for Longs.
Congrats to everyone who owned TSLA today. A huge weight off the back for Longs.
Most certainly. Glad I listened to my gut and held on to my TSLA.
there is no doubt (unless more fire arise) that this stock pass $200 within a month or two, see you all there longs, grats
Curt, Citizen, Dave, any thoughts on today's movement from a technical standpoint?
You meant above $143, right?
TSLA's price action was surprisingly strong yesterday. And this came after a fairly positive last week (downward momentum was stopped and it had entered into a sideways movement with hopes of a near-term uptrend). Yesterday was clearly a breakout day beyond most anyone expected. The surprisingly part was that after a big gap up opening, the stock didn't fade but kept going higher and higher. There were various points where it would be expected for the stock to fade a bit but rather than that it consolidated a bit and just went higher. To me this shows that big buyers (ie., institutions) were back buying in force yesterday. Traders themselves can't (or at least it's highly unlikely) make that kind of movement sustainable because they are mostly just amplifying the movements that buying/selling is already doing. Also, smaller investors (ie., retailers) I don't think are in the right mood right now to flock into TSLA after the mega 40% drop and most are still licking their wounds and are cautious. So, we'll see today if TSLA can hold it's gains from yesterday. But obviously it's the market that will determine its range/price.
Personally, I've been expecting a bounce back sometime from the over-correction. I've mentioned this before but under $15b market cap for TSLA is just too low and big value buyers probably were buying it up while most retailers sat out too scared to do much when it was in the 120s. I think a more healthy range for TSLA at the moment would be somewhere between $145-165 (this is absent of any major good/bad news).
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Seriously. Didn't expect it just to skip over the 130s in a day.
What appeared to be a breakout might have been deceiving. The first chart is what I have been going off of for a while now. After seeing the breakout take a pause, I went looking for more. See the the second chart with "new trend lines", I believe it might tell the story. I'm still very cautious here, until we clear more resistance or establish a stronger, consistent uptrend. Again, no advice, just what I'm seeing. As always, eagerly waiting to get long again (I'm currently long with ~20% of my original/intended holdings).