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NASDAQ dumping again, TSLA following it down
believe it or not, we're between two strong resistance levels.. 332, and 345$. We'll probably play here a while. Don't get me started about 355$.Oh thank God. Went out to buy bread we at $342, come back 30 min later to $332. Immediately thought "Tsnami hits Western USA" or "Elon tweeted".
Oh thank God. Went out to buy bread we at $342, come back 30 min later to $332. Immediately thought "Tsnami hits Western USA" or "Elon tweeted".
Set Elon's tweets to notify on your Apple Watch. That way you can have a heart attack multiple times a day.Oh thank God. Went out to buy bread we at $342, come back 30 min later to $332. Immediately thought "Tsnami hits Western USA" or "Elon tweeted".
I had this cautionary thought over the weekend as I went door to door asking people to vote.
Last week I stated that the big 3 couldn't possibly make margins because of Tesla's lead in technology (efficiency and battery costs). Now I look at those Ford Truck commercials and have trouble seeing these Trump supporters (classic Truck owner profile) switching to electric based on research with political preferences and lifestyles (a new book reference here eludes me).
The source pool for people to switch to EV cars was huge and represented a more even distribution of political views (compared to trucks owners). As a result, this demographic is going to take some time and they will resist. They love their macho mufflers and loud noise as it feeds their ego. Not sure an EV truck will do the same and some might be ridiculed for switching over at the next tailgate party. I doubt we'll get the 400K reservations like we did with the Model 3 but it will take a bite out of the market and will eventually shift over the years.
Thoughts?
I'll be incredibly disappointed if it's nothing more than an urban cruiser. And I really doubt that's what they're going to make.
"We think it will be difficult for prosecutors to prove criminal wrongdoing," Ben Kallo, an analyst at Baird, said in a note to clients as reported by Bloomberg. Kallo, who has a bullish $411 price target for the stock, added that "investigators would need to find evidence TSLA made projections it knew would be impossible to achieve, which we believe is a high bar to meet."
Kallo also said that the article "largely recycled previously reported information" and that Baird found "certain aspects of the article suspect."
The courtesy of moving your more gossipy posts to the relevant thread has become too cumbersome for the limited time of moderaters with talent. Thus the burden will fall on my crude methods. Any further mention of Fred bashing, comparison to Musk, etc., shall fall prey to the brutal ax at my disposal—deletion. The system has changed since I was made a mod earlier. Now local mods can ban temporarily. Repeat offenders will suffer that fate and, of course, my favorite infraction—direct attack on a member. I haven't the time to put you in "moderation," a less drastic penalty where peoples' posts are approved before publication.
As many say of these fractious times we need a return to civility and that means the self-restraint of ordinary citizens. Rob Stark could do this. Think of the famous Uncle Sam poster during the war: "That means you."
Alternatively, "Loose lips sink threads."
MOD:
Do what the Prof says....or else. We're serious.
MOD
TAKE THE POLITICAL TO THE POLITICAL THREAD. Utter Final Warning.
I’ll be glad when this BS is behind Tesla. It sure better be thrown out of court. (Or settle for peanuts).
Tesla faces criminal probe over Model 3 production numbers — Fox Business
I don't think the resistance levels stay the same - I expect people to have moved their limits. They have had a bit of time to do that. Its beyond me why anyone would want to sell stock at 345 now. I can understand some people wanting to buy on dips at 332.believe it or not, we're between two strong resistance levels.. 332, and 345$. We'll probably play here a while. Don't get me started about 355$.
Oh thank God. Went out to buy bread, we at $342, come back 30 min later, we at $332.
Immediately thought "Tsunami hits Western USA" or "Elon tweeted".
So, who sold earlier and bought back now in at $332?
Cheers to the Longs!
technically speaking, that's not really how resistance works. TODAY could change this a bit since we're up to and floating around at another level here 344$, so it could move up or the next target 355$ could now come into play. But, if we close back in the 33x$ range today, we'll have rejected 344$ another time which increases that levels strength and volume.I don't think the resistance levels stay the same - I expect people to have moved their limits. They have had a bit of time to do that. Its beyond me why anyone would want to sell stock at 345 now. I can understand some people wanting to buy on dips at 332.
ps : i.e. Anyone who is not a day trader though I don't understand why there are day traders buying/selling stock instead of options.
I think your perception of truck owners is a little oversimplified. I still own a full size truck only because Tesla doesn't make a pickup yet and sometimes I need to tow/haul things. There are lots of truck owners who don't support Trump, don't have oversize mud tires, don't roll coal, and who are interested in technology. Tesla doesn't have to use the concept of climate change to sell trucks. Want a truck that's 100% made in America, doesn't run on foreign oil, doesn't need oil changes, has a front trunk, gets software updates over the air, can power your 120v/240 tools without a generator? It can even fit in to your off-grid solar / disaster prepper lifestyle if you're into that. Imagine that Super Bowl commercial.
My workplace is pretty conservative and about half the people drive pickup trucks. Everyone still wants to check out the Tesla in the parking lot.
I don't think the resistance levels stay the same - I expect people to have moved their limits. They have had a bit of time to do that. Its beyond me why anyone would want to sell stock at 345 now. I can understand some people wanting to buy on dips at 332.
ps : i.e. Anyone who is not a day trader though I don't understand why there are day traders buying/selling stock instead of options.
Don't DO that! No Jinx!Well they have itchy trigger fingers selling this early in the day. I would at least be waiting till after the typical afternoon climb.