Context, which you’ve obliterated by not quoting me wholly. Go back and reread, particularly the part that addresses a TIME FRAME. Thanks.I'm confused, what "line" do you see TSLA holding right now? $164 and still falling...
EDIT: $162 and falling.....
The only thing you can hope for out of today is this is capitulation. Just over an hour in and we're at 60 million shares traded. Today could even be in the realm of 150 million shares traded. We have not seen that level of volume in years.
This line?I'm confused, what "line" do you see TSLA holding right now? $164 and still falling...
EDIT: $162 and falling.....
Sorry but I just don't buy that. If we can agree that a huge Q4 beat means 450k or above that, then you're looking at earnings that will put TSLA's Forward PE in the realm of low 20's, possibly the high teens. I would bet money that Buffet (if he hasn't been already) would be buying in big time at that valuation.I agree with you that the MM's want those margin calls to trigger, but I still don't agree with you that Q4 is some kind of "time limit" imposed on them.
They are in full control of the stock, and they still will be even after we have a huge Q4 beat. Only a huge influx of new LONG buyers can take the control away from the MM's and I don't see any possible Q4 situation triggering such a wave. We need a larger catalyst, like Moody's upgrading, which would permit an influx of hedge funds.
I think the MM's are pushing for <$150 in a race with the inevitable Moody's upgrade. And it's very likely Moody is waiting to upgrade until the MM's reach their goal too. Q4 won't matter IMHO, I think we're stuck in the basement until the MM's hit their target.
Hopefully next year goes better for us.
i am so tired, so I go on stage
I keep twitting We saw the numbers in terms of put to call ratio across the market as a whole. Wall St was positioned for another leg lower in the market. They'll scramble and do whatever need to be offload those puts positions without taking too much of a hit.
It could be worse? Nikola is down -6%? Lmao, is this what we are left to compare with lol?I must be numb to the falling stock price. I'm kinda glad we're only down 2.5%.
No. The board will not step in. They have made this clear. The stock is probably headed for a double digit price and neither the CEO or the board gives a crap. It’s a great company with lots of potential future, but the CEO is the new extreme right wing poster boy and investors don’t want to be associated with that. We hear it everyday from everybody we know, and it’s on headlines all over the place.
