The weird thing is that these should be pure TMC hosted images, they are uploaded and attached.
I'm European too, and I can see the images from other devices as well, even when not logged in to TMC. Weird.
I see them in your second post...but not the first one.The weird thing is that these should be pure TMC hosted images, they are uploaded and attached.
I'm European too, and I can see the images from other devices as well, even when not logged in to TMC. Weird.
My two cents: today's TSLA trading has all the classic patterns of a TSLA bear raid so far:
I'd not be surprised to see the TSLA short interest increase from the current ~39 million to ~41 million in about 2-3 weeks when the NASDAQ short interest report for today's activities will be released. Conveniently that will be after the delivery report - so if shorts are speculating on bad deliveries, they might reduce their short positions on any negative reaction to the Q3 delivery report.
- After triple witching day the derivatives force to set the TSLA stock price got significantly weaker, allowing the marking down (or up) of the price with much lower cost in terms of options market makers resisting against your move.
- There's been a marked uptick in social media Tesla FUD in recent days, with a well-coordinated selective leak of the plaintiff's side of the story for the Solar City lawsuit. The usual suspects jumped on it with big coordination. The false narrative has all the usual ingredients of the TSLAQ scam: "fraud", "SEC", "Musk" and "bankwuptcy".
- The NIO (near?) bankruptcy event that is unfolding, and the misleading "Tesla of China" characterization of NIO by the CNBC anchors who were pumping NIO for almost a year added fuel to the fire. I believe many retail shorts saw today's negative narrative as a confirmation of their Tesla bear thesis and wanted to take advantage of the 'high' TSLA prices to short some more.
- But retail longs are not selling TSLA, as approximated via Robinhood users holding:
- As you can see in the rightmost tick that represents today's activity, Robinhood users are actually accumulating into this dip. There was slight selling of TSLA by about ~4% of Robinhood users in the recent rise from $220 levels to $245 levels in the past couple of weeks - but the response to today's dip was to buy. Millennial investors see through online propagated FUD with more skill and more experience than the average Wall Street investor ... For the record, the number of Robinhood TSLA holders is still near record levels.
- TSLA volume is still relatively low for such a price move, at slightly above the daily average which was low in recent weeks due to the annual summer doldrums, which suggests that institutional investors are probably not selling. (When they are selling they usually do so at once with 2x-3x the daily volume, with much of the volume early in the day - not spread out like it is today.)
- The volume chart shows typical patterns of shorts artificially marking down the price:
- See those red candles with high volume at temporary bottoms? These "spikes" (or "icicles" in @Papafox's daily charts thread) are characteristic of past bear raids: seemingly "dumb" trades hypothesized to come from short sellers, either market orders or sell limit orders with the limit price below the current market price, which aggressively punch through relatively thin order book to break through key resistance levels and to mark down the price - followed up by more subtle sell-limit orders to cap recoveries and bounce-backs. Note that this spikes are likely not leveraged longs covering, according to the Robinhood data.
- Macros are lousy: the NASDAQ index is -1.3% today, which created a -3% baseline drop according to typical beta correlations TSLA is showing intraday. If the shorts piled on just another -4% to create today's -7% to the current $222 daily low levels.
- The $250 levels TSLA was eyeing in recent weeks is probably a psychological one to the shorts they don't want TSLA to cross - and which they probably also define as a good ceiling to short against.
TL;DR: just another day in TSLA land as I see it, with the SEC asleep at the wheel.
Not advice.
I agree. I also think that on the way up, the drops will be very painful, just like it was before many many many times. The key, as Naval Ravikant says, is to overcome your addictions, in this case, to short term market dynamics. The long term is the real game.
I mostly prefer selling puts because I find it very hard to guess when TSLA is going to spike up, and I'm not inclined to pay big option premiums for time value. I like having the passage of time on my side. Further, if my short puts get exercised, then I'm getting bargains on buying more TSLA shares.
Only two things left:
