Could be getting some juice from CNBC now announcing twice that Chanos will be on tomorrow a.m. talking about Tesla (among other things).Shorts are working on a sticky dip now as TSLA diverges a bit from QQQ.
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Could be getting some juice from CNBC now announcing twice that Chanos will be on tomorrow a.m. talking about Tesla (among other things).Shorts are working on a sticky dip now as TSLA diverges a bit from QQQ.
$250 here we come. By Friday or Monday. Regardless of what the market does, this stock cannot hold any gains.
May I suggest forming an investment strategy based on actual performance of the company? and sticking to it?I don't like to make predictions about this stock moving up because it never does when I believe it should.
I just want to say that the 38 million shares that are currently shorted is incredible. This is one of the most important events to happen to Tesla' stock in the past 5 years. This may be the single most important number relating to this company at the moment.
The idea that 38 million shares have been borrowed and sold, to cult members who never let them go, should truly scare every short seller out there. The war truly has begun.
Tesla's stock is not the same stock it was before this jump in short interest. Consider this a new phase of Tesla's stock...$250 to $300 to $280 is the start of something. Whether it continues to go down, I don't know, but this is NOT the same stock it was just a month ago.
$190 doesn't mean anything. $390 doesn't mean anything. Nothing from the past matters. This is new territory.
Last few days have been interesting:
Standard mandatory dip at the start of the day, followed by a massive buy.
Then capped by shorts and dropped down low for most of the rest of the day.
Then big buying toward the end of the day to bring price back up. Seems to be happening again today.
Theories as to what's going on here?
My guess is the market is discounting what Elon said about Q3/Q4 profitability now. But if they keep reaffirming it in the next 4 events over 3+ months (Q1/Q2 quarterly earnings calls, investor meeting, Q2 delivery report), while confirming progress to 5k/wk, at some point the market has to accept it.
What would you accept as proof of market accepting it? $400/sh? Would you care to draw a line in the sand and say no $400 until Feb 2019?Sure. The market will accept it as soon as Tesla delivers it. Given the frequency with which Tesla has missed previous its own guidance over the years, 'reaffirming' is not sufficient.
So, if in February 2019, Tesla reports its second consecutive quarterly profit, that's when the market 'has to' accept it. Until then...
What would you accept as proof of market accepting it? $400/sh? Would you care to draw a line in the sand and say no $400 until Feb 2019?
Suspect he will be covering while talking the stock down furtherCould be getting some juice from CNBC now announcing twice that Chanos will be on tomorrow a.m. talking about Tesla (among other things).
I know correlation is not causation but maybe shorts do in fact believe the more Model 3s Tesla makes the quicker they go BK...Amazing!
View attachment 296769
Thanks Ihor!
https://s3partners.net/Research/TSLA12.php
It is like they live in a parallel universe. Tesla is going to crank out those Model 3s as fast as they can, as per the plan. We will see who lives in reality and who doesn't in a few months.I know correlation is not causation but maybe shorts do in fact believe the more Model 3s Tesla makes the quicker they go BK...Amazing!
View attachment 296769
Thanks Ihor!
https://s3partners.net/Research/TSLA12.php
Churn, churn, churn. Like the Soviets used to say, Behind every inefficiency lies a career.Last few days have been interesting:
Standard mandatory dip at the start of the day, followed by a massive buy.
Then capped by shorts and dropped down low for most of the rest of the day.
Then big buying toward the end of the day to bring price back up. Seems to be happening again today.
Theories as to what's going on here?