TSLA Market Action: 2018 Investor Roundtable

[anthonyj]

Rate hike... they are nuts

 

[Unpilot]

I see a cat growing some hair!

And all the hair is falling out...wow this stock is crazy!

 

[Fact Checking]

I have my doubts this stock will ever "pop" for a couple years. Instead, I foresee this ongoing vicious battle but with a constant rise overall until the other industry players in automotive come out with competitive EVs to level the field a bit.

Patience, IMHO.

FUD primarily works against "story" stocks, which $TSLA was for almost a decade.

Q3 ended that and shorts got a "check", and I believe Q4 could be the "checkmate".

There is just no known force in the universe that can keep investors away from a company with two successful Q-10's in a row, which financials falsify all the prior FUD.

In fact Q3 alone almost resulted in a checkmate: l believe the only reason we haven't seen a new all-time high yet are external factors: a 20% correction on the NASDAQ, tariff and Fed uncertainties. If we add back the 20% NASDAQ loss alone we'd be at $410-ish levels.

This week's price action was just the usual thievery from the usual suspects, in thin holliday liquidity. I wouldn't be surprised if in a few months Goldman Sachs became one of the biggest $TSLA bulls.

But first there's Fed and Brexit bumps in the road.

Totally not advice.

 

[lklundin]

You can try trough Q4.

I assign an even 50% chance that the above is meaningless because it is a typo or because it is a technical analysis term.

 

[Todd Burch]

Did we just go from $346ish to $340ish to $343ish in the matter of a few minutes?

 

[mongo]

Did we just go from $346ish to $340ish to $343ish in the matter of a few minutes?

from $339 half an hour before.

 

[Unpilot]

Yes and @Krugerrand poor cat ....won't they think about the cat!

 

[skybluecgreen]

Did we just go from $346ish to $340ish to $343ish in the matter of a few minutes?

The Fed announcement caused a sharp drop in the general market.

 

[Todd Burch]

So my take is the big rise was people buying up in anticipation of the Fed announcing they wouldn't raise rates...then when they did, they were all "skrrrrttt!'

 

[oneday]

My stock charts right now.

 

[skybluecgreen]

So my take is the big rise was people buying up in anticipation of the Fed announcing they wouldn't raise rates...then when they did, they were all "skrrrrttt!'

They also lowered their 2019 GDP forecast. Maybe that's why:

FOMC releases central tendency projections from December meeting -- 2019 GDP outlook lowered to 2.3-2.5% versus 2.4-2.7% Sep est; sees FY19 fed funds rate between 2.6-3.1% versus 2.9-3.4% Sep est

 

[SOULPEDL]

Ok, just ordered 50 shares @ $337. I don't think it's going much lower...

 

[Todd Burch]

So why would they raise rates at the same time also indicating that they expect GDP to slow? Seems odd.

 

[anthonyj]

What’s with the 700k order at 12:56?

 

[Krugerrand]

It happens all the time to airplanes. Happened once to a plane I was on. (Pan Am 747 in Honolulu. John McEnroe was on board heading to the Australian Open at the peak of his career. I got to see one of his famous meltdowns in person.) Look closely at the original twitter photo, I don't have time to track it down again.

Nice name drop. Loved McEnroe, but loved Lendl more. Followed tennis real close when it was McEnroe, Borg, Lendl, Connors...great era of tennis.

 

[oneday]

So why would they raise rates at the same time also indicating that they expect GDP to slow? Seems odd.

The Fed has hiked rates 99 times since 1970. It has NEVER done so with the stock market down 12% in between hiking.

 

[anthonyj]

Like I said, this stock has a mind of its own... markets are red and this thing is jumping... actually hilarious

 

[Cherry Wine]

I'm just a newbie -- is this market volatility some of the most pronounced ever? The swings are just nuts. (Talking indexes, not TSLA.)

 

[Fact Checking]

Did we just go from $346ish to $340ish to $343ish in the matter of a few minutes?

Macro effect: -2.5% NASDAQ drop on the more hawkish than expected FOMC statement.

As a comparison: $AAPL dropped a similar -2.5%.

I.e. it's $TSLA macro correlation, so far at least.

 

[Drax7]

they must be dancing at the Fed, Tesla
Rallies.
Now If the s&p closes at new daily highs, it’s a buy.