Hey, it went up! Should I sell? Just kidding, I’m not selling.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Hey, it went up! Should I sell? Just kidding, I’m not selling.
Dan Detweiler
Active Member
Not if you believe in, and are in for, the long haul. If you believe the stock will be well over 4 digits by the time you would consider selling then 750 isn't much different from 650...or 850 for that matter.
Dan
A stop-loss order from a short would not show up in the order book as it is a buy order above the current price - right?
Just a quick reminder/data point to people who are tempted to try to time this thing (myself included). Today is a perfect example. If you had sold at open you would be down 92 dollars a share from the current high of 787. That's bad enough, but IMO the real danger is then sitting and waiting for that 650 price again, which although possible, or even likely, is not guaranteed. Many folks were waiting for 350, or 420 to happen again before our big run up. (obviously it could go down again today but the point stands)
Yes, timed it buying at the 250s 9 months ago and selling it in the 900s
Great, I’m loading up the truck waiting for that gap between $60 and $70 left in 2013 to be filled then.
I still don't trust him...
bhtooefr
Active Member
Longs with control over their emotions would see the buying opportunity - as many here have.
Correct. Stop limit and stop market orders are orders that are only placed after the "stop" is reached. So they only show up in the order book after the "stop" is reached.
Cupidchild
Member
If you look current market volatility and headwinds due to CR-virus, I would guess that the probability of TSLA filling the gap of around 660-650 range is higher than not.
What does others think about this?
Artful Dodger
"Neko no me"
MMs LET the SP move. If it moves too far away from their favor, then they move in to tip the scales. That's what happened on Tuesday at 3:47 pm when 3.8M shares were dumping in 10 min, dropping the SP by 10%.
Nobody else has the knowledge of the Order Book to estimate how many shares it would take to move the SP that precisely. Nobody else has NASDAQ permission to poof that many shares into existance without first locating them. That's called the "Maddoff Rule" or the Market Maker's exemption to the naked short selling prohibition.
It will fall apart catastrophically one day, because they have Trillion$ to lose now, much more at risk than in 2007/08. But in the mean time, Dog (MMs) wags the Tail (TSLA).
humbaba
sleeping until $7000
While I agree with you I can't help but think that Andrew Left may have gotten ~20% to ~25% profit (depending on timing) off of triggering this fall. He probably bought shares when he closed his initial short -- and if not then presumably when it was ~$200. Selling those as part of his new short would have given more ammunition to help drive the price down while taking a profit. I do not believe he is in the "hate Tesla" camp, I think he simply lacks any morals or ethics and saw an opportunity he was able to capitalize on.
Of course, I could be wrong and maybe he hasn't covered thinking that the stock could be manipulated lower (and there is always Friday where the uptick rule won't be in effect).
But I do think there are those who successfully manipulate the stock to profit off of short trading.
Well, i followed the link and it indeed did say (incorrectly) q2 or q3. Maybe they fixed it?
need to get the wallstreetbets folks to buy up a bunch of calls again
closing red today? who wants to bet 
StealthP3D
Well-Known Member
The irony here is interesting.
Trying to buy a company like TSLA for their lead in AI while competing (without AI) against large well-capitalized funds using AI to beat you.
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