A little short-squeeze so I can double my position would be nice, but then a steady 0.5% per trading day would suit me fine.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
A little short-squeeze so I can double my position would be nice, but then a steady 0.5% per trading day would suit me fine.
Todd Burch
14-Year Member
I've owned TSLA since right after IPO. These past few months it feels to me like TSLA is more volatile than ever. Day traders must love it.
HG Wells
Martian Embassy
The trouble with the 320 to 340 range is it's a do nothing range.
Bad to buy.
Very terrible to sell.
Bad to buy.
Very terrible to sell.
I'd be happy to buy if I had any money, but now way I'd sell anything now - could be 420 tomorrow for all we know.
I do see it as a chronic stress though, but maybe that's the case with any stock-holdings.
Chickenlittle
Banned
Expect a lot of volatility (even more than usual) with earnings report coming soon.
pz1975
Active Member
I agree with this. Very volatile but also range-bound between 290-380. I've just been selling puts and calls near the bottom and top, respectively, of the range. It's working very well so far.
Todd Burch
14-Year Member
Chickenlittle
Banned
Reminds me of Greek mythology. Observe something and make up an explanation to explain it. Attempts to explain stock price and markets frequently not rational
Chickenlittle
Banned
As musk says if you don’t like volatility than don’t own tsla
EVNow
Well-Known Member
Tesla needs to be in China and this seems a reasonable choice. Just need to be aware of the risks. I like Nevada and Buffalo the best but manufacturing has to be close to product sales so for China this may be the better place. Floods and storms come with notice but earthquakes .....
Jo-
Member
MartinAustin
Active Member
Still not sure why they built so close to the coast. It's not like they need to export cars via ships.
I am sure it can be built earthquake-proof. They actually have some experience at that with GF1 (and I suppose Fremont probably has a lot of that built-in) And earthquakes aren't increasing in frequency or severity. I'm more concerned about Typhoons... which are.
TSLA investors and shorts will now be focusing on Chinese coastal weather. If a Typhoon is approaching... or the threat of one can be convincingly built... TSLA will be pushed around like a pinball.
Not looking forward to seeing solar panels fly off the top of the building at 150mph.
Today TSLA just attacked after yesterday's climb. News about factory groundbreaking isn't solid enough (no pun intended) to keep a rally going.
JRP3
Hyperactive Member
Elon Musk: "If you don't like volatility don't buy our stock"
Fact Checking
Well-Known Member
Yep, and the drop shows the typical patterns of a TSLA bear/short raid:
- Artificial pre-market peak to unrealistic highs not supported by macro (possibly executed via European secondary markets to evade SEC monitoring).
- Very high volume open of almost half a million shares that capped the price - on no real Tesla or macro news.
- the moment NASDAQ turned sour (in fact a minute before it ...), aggressive market orders marking down the $TSLA price on only average volume - exaggerating macro moves and feeding on weak-long stop orders at key levels.
- Note the proximity of the January 18 options expiry of around ~60 million shares worth of PUT interest - about 5-10 million of that shares-equivalent open interest is in the $340-$350 range.
- Prediction: price is at around $327 now, if that level holds then it might bounce back a bit at the end of day, as the accumulated intraday short position is slowly distributed back to not hold that much of an overnight short position.
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