Nope AFAIK.
$385 soon? I know... that's what I said my next order would be. But not today already!
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Nope AFAIK.
$385 soon? I know... that's what I said my next order would be. But not today already!
Mr./Mrs. Doom and gloom after a couple of down days, as usual. Buy signal??!!
erthquake
Active Member
Bad news: Craig Irwin says Tesla has no battery advantages and the Maxwell acquisition is a dud (4:15).
Why this analyst is giving Tesla a neutral rating with a $150 price target
I suspect this is a new round of FUD intended for the new batch of retail investors jumping in recently. He parrots almost everything Gordo said today on Rob's cast today. Must've gotten all their talking points in order.
j6Lpi429@3j
Closed
Im a long term investor.
I find it hilarious to watch people SELL tesla stock very shortly before:
Battery Day
S&P 500 inclusion.
Q3 Results
I suspect a lot of the people hitting the sell buton have no idea what any of those 3 things are, or when they will happen, or what they mean. Its absolutely crazy to sell right now.
I *do* think that tesla is not going to calm down as a stock until it shows an actual annual profit. Not 'four consecutive quarters' but the kind of profit that shows up when casual traders just google the stock or look it up on yahoo. We are another few months until that sort of stability kicks in (along with S&P inclusion, which will help).
I'm holding. Very confidently.
I find it hilarious to watch people SELL tesla stock very shortly before:
Battery Day
S&P 500 inclusion.
Q3 Results
I suspect a lot of the people hitting the sell buton have no idea what any of those 3 things are, or when they will happen, or what they mean. Its absolutely crazy to sell right now.
I *do* think that tesla is not going to calm down as a stock until it shows an actual annual profit. Not 'four consecutive quarters' but the kind of profit that shows up when casual traders just google the stock or look it up on yahoo. We are another few months until that sort of stability kicks in (along with S&P inclusion, which will help).
I'm holding. Very confidently.
I suspect that the initial TSLA drop after-hours was due to margin calls or anticipation of them.
The further drop that began about 17:17 EDT, may have been due to those disappointed that there was no S&P 500 rebalancing announcement. They may be misinterpreting the announcement that was made about that time simply regarding methodology modifications for global indices. Perhaps they took that to mean no additions or subtractions for the S&P 500 rebalancing later this month. I would not jump to that conclusion. We should know better either tomorrow or next week.
It’s not just TSLA, tech is continuing its dump after hours.
RedOctober
Member
Like Warren says,”when people are fearful be greedy” Going to buy a bunch more if it hits $350.00.
Rob breaking out in a big smile when he refuted an argument is far better than shouting back. GJ was painful to watch, but then, I am biased....Mea culpa.
BTW, I did not have the impression Rob was ever flat footed - he disarmed the counter arguments with one quote or remark. That was very impressive. It caused GJ to get more and more emotional and as an objective spectator which I am not, GJ disarmed himself with his over and over repeated arguments.
It's completely normal to see profit-taking after the impressive rally. Also, this is of course manipulated down and supported with FUD to make weak bulls getting nervous and sell.
We have seen the same pattern for so many years and it always works with not experienced traders. Retail investors are in now after the split and they are an easy target to scalp and that's exactly what the big guys are doing. I find this almost boring to watch as it's repeated all the time.
The S&P inclusion is IMO a done deal but not announced but many parties would love to have some cheap shares to be able to sell them to funds after the announcement. That quick and easy money.
Friday maybe another down day.
Relax and enjoy watching
Not everyone reads TMC. I imagine most retail investors arent familiar with battery day, dont understand s&p inclusion and many are not likely familiar with P+D timing and Earnings Dates.
MTL_HABS1909
Active Member
I think this proves just how much a stock split affects people psychologically. Many people are saying “it’s normal to see some profit taking” but part of me wonders if they’d be saying the same thing with -$250 moves every day rather than -$50. Just a thought.
This is definitely the bottom - I think.
I'm only vacillating here bc I'm not sure if I should buy more today. If other tech stocks are dropping as well, this is not the normal TSLA FUD dip soley.
I was never quite sure how I'd ride through a global Depression (in case it's happening now). Pure cash would have been the lucky play, but knowing what I know about Tesla and Technology, I could not sit on the sidelines waiting for the crash like so many of my friends who did not invest in anything (except cash). In hindsight, it was a smart move to stay the course considering the last runup, so I'm not about to change the long strategy.
Maybe it's just a fight in Congress over the stalling for next bailout.
Indeed, and there are a lot of novice traders in the market this year. Many during the pandemic are at home all day, while unemployed or working away from regular offices. So they found a new hobby in stock trading. Some may be sports bettors who found a new way to risk their money. Others may have taken a stab at stock trading with their $1200 US government checks.
As you point out, the pros know how to fleece them by inducing volatility in the market, either through manipulation or spreading FUD. We've seen this before, but it may be more extreme this year.
MTL_HABS1909
Active Member
I’ll be honest, I thought $405 was the bottom. Now I just don’t know. I’m not selling any, but will wait for some sign of life before buying more.
tinyrodent
Member
Ignore the broken translation and enjoy the latest Giga Shanghai video from Wu Wa.
I already scheduled to buy 25 shares tomorrow morning then I’ll be occupied at work for couple days so when I look back in 2 months I might be happy!
Very true. All they hear are the talking heads on CNBC butchering the Tesla story.
That said I would not underestimate the power of YouTube and the main influencers like Dave, SMR, Rob and Gali. Hopefully people are watching their videos too.
I’m expecting more volatility tomorrow. I imagine the MMs sold a lot of puts at 400, plus uptick rule continues to be in effect. The rug finally got pulled from Tesla and Tech. Embrace the volatility!
When institutional investors will stop taking profits of the share they have been hoarding pre S&P500 inclusion, the stock will go up. Depends on what amount they decide is worth taking profit. I’m not sure if they will keep selling below $350
Similar threads
- Locked
- Locked
