StealthP3D
Well-Known Member
Really odd stock movement today and without any doubt manipulation on a high level. The more important questions is if this was wasted money as more people realize numbers are indeed without a doubt positive and we may see more buying pressure tomorrow. Don't exclude them to through all in tomorrow to control the move as since a while I believe this is not just hedge funds and shorts but oil&gas funds.
Even at the close the manipulators managed to keep it under $300 (but just barely). Because I was looking at trades time stamped 4pm for over $300. In my experience, the 4pm time stamp is usually the closing trade. But these manipulators have a way to slide their trade reporting in after the bell (and have it recognized as the closing trade). It's disgusting and NASDAQ needs to clean it up. But that's probably like asking the coyote to guard the henhouse.
Given what I saw with the trading today, I have to think they will use everything they have to keep it under $300, through Friday and maybe into Monday. Whether they can or not depends upon the buying pressure. In any case, I do see $310-$320 or more within two or three weeks, barring any big negative news.
Another thought: Investors who have stayed out of Tesla waiting for the kind of confirmation we got yesterday that Tesla can actually sell large numbers of EV's at a profit, those investors are inherently cautious. They are the least likely to jump in the day after this kind of confirmation is revealed to them. They want the trading to settle down and stabilize so they can be confident they are not going to start out 10% in the hole.
We can expect a lot of consistent buying demand throughout the quarter that we didn't have last quarter. And in hindsight, the share price strength going into this quarter's report was likely the manipulators loading up on shares on the cheap so they could cap the gains of a good Q3 report. It has the effect of TSLA always being priced at least one quarter behind when on a bull run and priced far too low when TSLA or the market as a whole is correcting. The down moves are immediate, the up moves are priced ~ a quarter behind. Normally I would stay away from a stock like that but, ironically, this means it's always "value-priced" considering the potential. Even when it eventually runs up in a big way, it will still be value priced. One day the manipulators will be soundly defeated and we will get those delayed gains as well.