larmor
Active Member
Its not what common sense thinks, but rather what algobots read into from headlines. Enough of volume on the sell side creates a feeling for selling in others who are actual people and not algorithms. Of course the fundamentals are only getting stronger and we have seen this play out over many years on a daily, if not hourly basis... Remember the battle for 300? Yeah, it was a real struggle on the manufacturing side. The only real question that a seasoned investor or manager should ask, is how many more GF coming? and where are they getting the machines to fill the factories to make the cars and batteries?Are they buying them, making them? Presumably these orders have all ready been placed.You guys are actually thinking that a 10% drop is possible?
I just don't understand why everyone is freaking out so much. It has been known for a while that Elon needs to sell something as his stock options were expiring and he was better off doing it this year than next year when the tax rate is likely going to be higher. I posted the following in the selling options thread, but fits here as well.
Maybe my post will not age well, but really, what is the big deal that he is selling some shares? I am enjoying all the drama - not planning to buy any more shares no matter how low we go, I have more than ever imagined in my wildest dreams. May have fun trading some options during the volatility