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Ridiculously oversold and weak shorts panicking. Take your pick.
I think this is mostly short's covering. If I were a short and did my play at about $230, I would take profit. Being greedy on either side of a trade is what moves your portfolio lower. I have never shorted a stock but I have certainly been hit by the 'greedy bug' before and lived to regret it.
Tomorrow will be interesting. MBLY reports before market open and TSLA at market close.
And the next day....
And the next day....
And the next day....
My brain is too twisted at this point, I'm going let it all happen and just go outside and play!
glad im not the only one feeling this way!
I think this is mostly short's covering
Alternatively, perhaps some good news leaked out.
Bureaucrats will bureaucrat...Also:
After less than one week of the official release of version 7 update in Asia, the Hong Kong Transport Department has officially issued a press release and a warning letter to the vehicle manufacturer. The letter requested the manufacturer to remove the update and take follow up action to the owners who have already updated the software roll back to the version without this new autopilot feature.
Also: http://insideevs.com/hong-kong-transport-department-pulls-plug-tesla-version-7-auto-pilot-feature/
The best kind of correct. :wink:Bureaucrats will bureaucrat...
The Clean Air Act violation notice issued Monday covers about 10,000 diesel passenger cars sold in the U.S. since model year 2014. It also includes an unknown number of 2016 vehicles.
"VW has once again failed its obligation to comply with the law to protect clean air for all America," said Cynthia Giles, assistant administrator for the EPA's Office for Enforcement and Compliance Assurance.
I don't have numbers, but my sentiment is summed up in this post by "BigSpooky" on Reddit. He is much more articulate:
Big Spooky states:
Chanos is a truly brilliant investor. I know for people who have not been around a while he might seem like just another hedge fund ******* but thats about as far from the truth as you can get ...
Yes. Sometimes the ER goes one way, then the CC takes us the other way. Always interesting but not good for one's nervesIt should get real interesting this time tomorrow!
Yes. Sometimes the ER goes one way, then the CC takes us the other way. Always interesting but not good for one's nerves