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Negating bad news , with impunity i would say, is bullish.
Risk on add on position is todays low price.
the shorts are likely to get their GI tracts rerouted.
Risk on add on position is todays low price.
the shorts are likely to get their GI tracts rerouted.
FredTMC
Model S VIN #4925
Gerasimental
Member
Let's see if we can make a perfect equilateral triangle on the 30min chart. would require getting to 260 in half an hour 
I was most interested in some analysts impressions on a recent visit to Tesla. To paraphrase, they said that not only could nobody compete with the Model X, nobody could compete with the production line that makes it. (Competitors would strugge to replicate the Model X production line - was closer to the exact wording).
Ok guys, help me. So I was in at 3:00 am (Pacific) Friday morning after the announcement. I kind of estimated what I thought pre-orders would come in at and thought the market would like that. So I went in at $237 and some change. This was a short hold for me and I set a sell target of $250 which the stock met yesterday. Seeing how fast it was climbing, I got greedy and revised that to $255. Like everyone else, I watched it straddle $250 all day before tanking in AH.
During after hours we saw the announcement from Tesla and I got a smack in the face. I told myself last night that I would hold strong on my $250 target now but that was based on the stock coming back slowly. I had no idea it would bounce back this quick.
So I ask for advise. I don't have a long position on anything. I generally study my investments, play the fluctuations, play news, get in, get out and I'm done with it. I'd like to do the same here however I'm re-thinking my $250 sell target given how quick of a rebound we've seen on an indisputably (so far) down day for the market.
With tomorrow's announcement (assuming it comes after hours) and an otherwise decent day on the market I feel like selling today at $250 with no expectation of news would be a dumb move.
Given my circumstances, what would you all do? I'm thinking of just holding until response to the pre-order announcement. I'm predicting 360,000 - 380,000 pre-orders which I presume the market is going to like.
During after hours we saw the announcement from Tesla and I got a smack in the face. I told myself last night that I would hold strong on my $250 target now but that was based on the stock coming back slowly. I had no idea it would bounce back this quick.
So I ask for advise. I don't have a long position on anything. I generally study my investments, play the fluctuations, play news, get in, get out and I'm done with it. I'd like to do the same here however I'm re-thinking my $250 sell target given how quick of a rebound we've seen on an indisputably (so far) down day for the market.
With tomorrow's announcement (assuming it comes after hours) and an otherwise decent day on the market I feel like selling today at $250 with no expectation of news would be a dumb move.
Given my circumstances, what would you all do? I'm thinking of just holding until response to the pre-order announcement. I'm predicting 360,000 - 380,000 pre-orders which I presume the market is going to like.
friend of mine just inspected model x, told me build quality is exceptional.
Anybody that can build that can do anything was his impression.
Hogfighter
Professional Lurker
Mike, I'm thinking that tomorrow night's numbers won't really move the stock much. 3 demand is acknowledged to be through the roof already, so it's already somewhat reflected in the price.
jhm
Well-Known Member
Thank you. I'm armed with just enough knowledge to get myself in trouble.
If anything, we might see the SP drop if the reservation figures aren't as high as people might have come to expect?
our worst fear was missing the quarter, and it happened, and apparently it means nothing,
because its an arbitrary dead line, and the bullish reservations trump all
short term noise is irrelevant versus long term outcome
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There doesn't need to be news. This was the psychological battle line that was being fought at viciously for two hours. The shorts finally gave in and the longs poured across the line. The next line will likely be yesterday's high of approximately $252.
Hogfighter
Professional Lurker
Ask yourself, which would make you more upset: losing 20%, or being on the sidelines and watching a 20% rise? The latter woul make me more upset, but we're all in different places.
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