What is it with early March? So many people..Mine is today
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What is it with early March? So many people..Mine is today
It wasn't me, but I did predict that the market could tank from the G20 results due to Trump - didn't expect the one day delay though.Who was that oracle here that forecast exactly this?
At least whoever Tesla bought the hedge for the March convertibles from has a pretty strong financial incentive to keep the stock below $365 - I think they lose about $2.5 million for each dollar above that level (until the limit). I don't know who that is (GS?) but it is likely they are a market maker and therefore authorized to do naked short selling. They could of course just buy the shares to hedge their position but since it's probably an East coast Wall Street firm, they're bound to not believe TSLA can hold this level.I do think there are people actively trying to keep TSLA below $360. I still think they won't give up until March. At this point it looks like they may be overwhelmed, though.
I work for a living too so I can't watch the market during the day (and certainly not follow the market action thread during market hours). But I do take advantage of limit orders for most all of my trading. As I was taken out of TSLA when my stock was called Saturday, I put in a re-entry limit order, this time using $255 strike Jun '19 calls. Didn't get them yesterday, but got a great price today during the huge spike down and now I'm back in the game with nice leverage too. Fantastic strength in TSLA today!I've missed the drops to 352 the last 2 days because of work - very frustrating as those were times I would have sold some weekly puts.
We should be so lucky, but we probably won't be.On-Topic:
This week's market actions are a good demonstration of how #45 now is the wolf who has cried "Sheep!" once too often.
- It is likely that from now on, his nonsense no longer will be listened to.
- And guess what happens to wolves when the surrounding wolves tire of him?
I’m freaking dead. If I wasn’t banned on Stocktwits I would be spamming this. God damn Tesla the premier inverse ETF. All those sleepless nights in September with my robinhood account -$65,000... now the bears can feel my painArtiste's rendition of today's market action
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Nope, that's an opinion, from someone I've come to appreciate, and you aren't on that list - yet; maybe I just didn't pay attention;This is FUD
Absolute *redacted*, my man.Nope, that's an opinion, from someone I've come to appreciate, and you aren't on that list - yet; maybe I just didn't pay attention;
and in this case, you are being the bully, suppressing valuable input; people that are killing any opposing opinions have cost TMC members much more money than any trolls.
For those of you who have not yet realized the importance of today's price action, I present the following screen shots of stocks I am following. TSLA's performance today was epic while the stock market cratered. This is not a fluke, or a one time event. TSLA has been artificially suppressed for three years. Within that time Tesla's lead in the EV space has increased 10X fold compared with other OEM. Where else can you find a >$50B market cap company growing at >50%/annum for at least the next 5 years. This ride, my TMC friends, is only just beginning. Buckle up. Not selling at these levels. Long live the TSLA Longs.
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For those of you who have not yet realized the importance of today's price action, I present the following screen shots of stocks I am following. TSLA's performance today was epic while the stock market cratered. This is not a fluke, or a one time event. TSLA has been artificially suppressed for three years. Within that time Tesla's lead in the EV space has increased 10X fold compared with other OEM. Where else can you find a >$50B market cap company growing at >50%/annum for at least the next 5 years. This ride, my TMC friends, is only just beginning. Buckle up. Not selling at these levels. Long live the TSLA Longs.
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They promise to stop trying to kill us in the year of our lord 2026. How nice of them.Volkswagen says last generation of combustion engines to be launched in 2026 | Reuters
VW is the first biggie to really wake up.
Finally some media started to spin the drunk driver incident as negative:
A SLEEPING TESLA DRIVER HIGHLIGHTS AUTOPILOT'S BIGGEST FLAW
Calif. police use Tesla system to halt sleeping man’s car
That might account for recent large buys first thing in the morning.They usually sell you out first thing in the morning if you fail to meet it at night, at least for me.
They promise to stop trying to kill us in the year of our lord 2026. How nice of them.