Sigh I was tempted to get rid of mine this morning with the pop for some spare cash just so I could focus on work... Now I can't focus on work or sell them for a profit
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Social Chat - Short Term TSLA Movements
- Thread starter Jonathan Hewitt
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palmer_md
Member
I was pissed when I saw the news that it passed, but then thought that it would probably be a good buying opportunity. Looks like it is going to be based on the trend in the past few minutes.
I hope you are right, but I don't think that the news has spread outside of a select few Tesla maniacs here on TMC.
Crap, wouldn't you know today is the day I'm away from my desk. Looks like the NJ FUD news hit Google's TSLA ticker at 11am EST. Shorts are pouncing. Looking for a bottom to add to my long position at this point.
Christie must be hard up for campaign cash.
Christie must be hard up for campaign cash.
marvinat0rz
Member
I am deeply impressed with your short-term calls. I am still not convinced that it's possible to forecast short-term movements of the market, but you appear to be doing it again and again.
InTheShadows
Active Member
Wish I would have been at the computer today to try what sleepy did.
I added some more long term options today. I like that the premiums are dropping.
I added some more long term options today. I like that the premiums are dropping.
It's time for President Obama to grow a backbone and respond to our petition.
mershaw2001
I'm short the short sellers
What's your twitter handle?
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I am amazed we aren't eating dirt right now, 233 is way above what I was expecting with this negative sentiment and this "bad" news from new jersey, and this "high" price. (Honestly i don't think the news is that important, and the price seems appropriate given future potential).
My current two explanations are
1) that the news and sentiment is first felt here on the board and we'll see a drop tomorrow to 227.
2) that there is some serious buying right now, and it's not by the shorts. They are looking for a technical move to fill the gap to 220/lower. I keep on coming back to the fact that once 2013 took down apple, people have started looking for a new apple and I think a lot of people have found it in tesla. No one is going to exit when the market cap goes from 10 to 20 billion, not while there's still potential for it to run to 100 to 200 billion.
So I'm hoping for #2 to be the case, but kind of resigned to #1 being the case tomorrow morning.
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I am amazed we aren't eating dirt right now, 233 is way above what I was expecting with this negative sentiment and this "bad" news from new jersey, and this "high" price. (Honestly i don't think the news is that important, and the price seems appropriate given future potential).
My current two explanations are
1) that the news and sentiment is first felt here on the board and we'll see a drop tomorrow to 227.
2) that there is some serious buying right now, and it's not by the shorts. They are looking for a technical move to fill the gap to 220/lower. I keep on coming back to the fact that once 2013 took down apple, people have started looking for a new apple and I think a lot of people have found it in tesla. No one is going to exit when the market cap goes from 10 to 20 billion, not while there's still potential for it to run to 100 to 200 billion.
So I'm hoping for #2 to be the case, but kind of resigned to #1 being the case tomorrow morning.
It's @tedismeiamted. If he took offense to it, I'd be surprised-- I can't really develop a full business case (not like I have to) in a limited amount of characters. Well that, and if he's replying to small fry like me, he's making the novice mistake of being too emotionally invested in his moves or he's doing what I was criticized of doing by not acknowledging opinions. I could care less. He manages Seabreeze, that's great-- but there were many money managers that were seasoned and "skilled" in 07-08. Age can develop skills and pigheadedness directly proportionately.
The irony is he defends Apple so vehemently now that it's outside of its momentum growth phase. Wayne Gretzky said it best, go where the puck is going not where it is.
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A little surprised too, but it just means that the store people are restricted to saying certain things. That and Texas is coping fine as well, it'll just be a matter of time-- it might even help Tesla allocate inventory better.
The irony is he defends Apple so vehemently now that it's outside of its momentum growth phase. Wayne Gretzky said it best, go where the puck is going not where it is.
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A little surprised too, but it just means that the store people are restricted to saying certain things. That and Texas is coping fine as well, it'll just be a matter of time-- it might even help Tesla allocate inventory better.
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Words of HABIT
Active Member
Aznt, I think that quote was by Wayne Gretzky. It certainly applies to the auto industry and EVs, as well as hockey.
Tesla is getting millions of dollars of free advertising generated by the NJ decision. The vast majority of news reports are pro-choice, pro-Tesla on this. Hope Tesla keeps their boutique showrooms open in NJ, even if they can't "sell them". Ironically the more difficult the Dealers make it to buy a Tesla, the more popular and in demand Tesla EVs will become. Thanks to this decision, the highest auto status symbol in NJ is now the Tesla, period. Long Tesla
Best,
I'm actually hoping we dip into the 220s tomorrow. I think a lot of shorts have that as their target and will start covering, and there are a lot of buyers patiently waiting there as well. So by going lower I think that could actually help it then go much higher! With Tesla in the headlines, it should attract the momo traders as well. We could be in for a crazy rest of the week!
Citizen-T
Active Member
FYI Reddit is currently exploding with white hot burning rage at this NJ / Christie fiasco. God bless my beloved nerd brethren.
I'm starting to think the underdog story has real legs. America loves a Cinderella story.
Still, going to get worse before the buyers show up in force. My gut says 220 bottom, and a gift of a buying opportunity. But my gut is also queasy and untrustworthy sometimes.
I'm starting to think the underdog story has real legs. America loves a Cinderella story.
Still, going to get worse before the buyers show up in force. My gut says 220 bottom, and a gift of a buying opportunity. But my gut is also queasy and untrustworthy sometimes.
Norse
Active Member
FYI Reddit is currently exploding with white hot burning rage at this NJ / Christie fiasco. God bless my beloved nerd brethren.
I'm starting to think the underdog story has real legs. America loves a Cinderella story.
Still, going to get worse before the buyers show up in force. My gut says 220 bottom, and a gift of a buying opportunity. But my gut is also queasy and untrustworthy sometimes.
If the politician is unpopular it could be really good news.
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Doesnt it say that they have halved the amount of barrels as well?
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