bonnie
I play a nice person on twitter.
I saw the drop this morning and just assumed there was some profit-taking going on. I also put in a limit order to pick up more if it drops further. I'm long, so not looking to sell.
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TSLA Investor Discussions
- Thread starter Fr23shjive
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I saw the drop this morning and just assumed there was some profit-taking going on. I also put in a limit order to pick up more if it drops further. I'm long, so not looking to sell.
Not that I put any value in what they have to say, but the Motley Fool gang also seem to have gone from BUY TESLA IT'S GREAT to IT GOT THE DREADED ONE STAR RATING...
*shrug indeed*
Citizen-T
Active Member
I'm long too. The shares I sold amounted to less than 10% of my total position. Just thought if I was nimble enough I might be able to buy back in cheaper. I might even put that money back to work by the end of the day if nothing further comes to light about delays. Elon was at the movies last night...doesn't seem like things are spiraling out of control if he's got time to go to the movies.
Steph
Member
Yep.
And I also believe it's just some profit taking this morning, TSLA is very visible on all speculator's screens since a few days. Expect wilder and wilder swings.
As for the rumor, I don't think the market reads the TeslaMotorsClub forum...
Citizen-T
Active Member
Which is why we have the advantage: we hear it first. The question is, will it stay contained, or will someone in the media pick it up (not necessarily through the TMC forum). I'm hoping we'll get confirmation from someone today that their car is still on track. I consider this rumor very suspect at this point.
smorgasbord
Active Member
Motley Fool is not a uniform top-down set of analysts, and in addition many of the writings we see are coming from bloggers (like us), not people who actually work for them. They encourage a variety of thoughts and opinions, and there have been cases where one of their services was recommending a stock while another was effectively shorting it. So Motley Fool is really just a microcosm of the general trading population.
5.5% drop as profit taking after a 20% runup? I doubt it. Why is there no conviction on Tesla as a stock? The price should be way higher using any future valuation model. What happened to resistance? This is nuts. Tesla has been ignoring the market movement for the past week. Why should it start reacting to it now. I don't buy that as an answer.
Citizen-T
Active Member
Because the majority of traders aren't trading the fundamentals, they are trading the technicals.
Steph
Member
Steph
Member
This is the post starting the "delay-gate"
It makes sense he will not get his car on 8/1... he's got a regular sig #2. SSL #000001 will be delivered that week.
Sounds like a non-issue to me. You guys are too nervous
It makes sense he will not get his car on 8/1... he's got a regular sig #2. SSL #000001 will be delivered that week.
Sounds like a non-issue to me. You guys are too nervous
Steph
Member
My take on this, lots of traders got in yesterday before close in the hope it opens higher this morning. As good day traders, they use stop loss.
This morning, it opened lower, triggering all stop loss, bringing a cascade of sales and long got to buy the dip.
No one knows. It's the stock market. Most of the analysts didn't see the market collapse coming either so that their advice for what it's worth. I believe they've set a target of about $40 so $60 off of your projected target.
I'd still recommend getting out of the stock market. This much anger over a single stock can not be healthy.
Wait, you weren't pissed before too? If you truly believe in Tesla stock, don't watch it from day to day. The market is not rational and you should expect it to be. If Tesla does well over the long term, so will your stock so there is nothing to worry about then. Only reason to watch stock daily (if it angers you this much) is if you are trying to day trade and make a big profit quickly.
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Outstanding opportunity to add some Tesla to your mix. Traded out yesterday at the middle of the high (definitely not at the peak). I was mad at myself for taking profits at a lower price point. Today certainly changed that view point. Today, I was able to purchase at a much better price waiting for the next rise.
Steph
Member
Interesting article. He seems concerned about Tesla's cash reserves. But wouldn't cash flow and cash reserves improve dramatically once deliveries ramp up?
Steph
Member
This guy is working for us. Pumping the shorts... It's like a pump and dump game but the opposite.
smorgasbord
Active Member
Do you come up with these each time, or do you just recycle previous postings? If the stock's behavior doesn't make sense to you, you should get out. Really.
You want sense? It's super-easy to play devil's advocate. I'll psudeo-quote a bear case:
So, stop whining. Cali, you should get out of the stock since you don't understand what the very real challenges are for Tesla. Take your profit and be happy - you're not suited to invest in Tesla because you don't understand the risks.
Note to all: I myself am bullish on Tesla and fully support the company. I'm just not willing to wear rose tinted glasses.
Krugerrand
Meow
I didn't find it interesting at all. Indeed, I tuned out after the second paragraph. Anyone who has to congratulate themselves and bolster their ego that much before even getting to the meat of an article is about as interesting as watching paint dry. AND full of 'it'.
In terms of the 'rumor' that delivery is going to be delayed because of quality control issues, then I say: That's better than having a recall. It seems Tesla is damned if they do and damned if they don't. That's fine by me too. I can see the forest for the trees, so it concerns me not. Indeed, I say carry on as you are.
Steph
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