lafrisbee
Active Member
I wish I could see it that way.I don't know why a specific reason is necessary for this move (other than general buying pressure) because the move down was just a reflexive action by weak longs and traders based on nothing more than how quickly it rose. So this move up is just confirming the catalysts that took us over $1000 in the first place.
These moves aren't large considering the kind of opportunities Tesla is staring right in the face. They are normal and expected for ANY stock in a similar position. They typically don't correspond to anything fundamental, it's just a reflection of the general market sentiment towards the stock and the share price on any given day. That's why all stock price charts are jagged even when there is no news. If there are fundamental re-appraisals being reflected in the price they are largely lost as noise in the bigger picture of mood and sentiment.
I keep abreast of all the noise, and it just seems that the MM controls the stock. They want it here. Sometimes when we get one of those long candlesticks its just because they let their foot of of its neck because they know they need to regroup and start all over with the manipulations.
As an investor I can live with all of this mess. I don't like it, but I am more than willing to let it play out.