Other Mod: cleaned aggressively. --ggr.MODERATOR WARNING:
END IT, RIGHT NOW - all of you. If I weren’t busy, heads would be rolling. That includes:
DRAX7
CHICKENLITTLE
EVERYONE who has been trash talking recently.
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Paracelsus
Active Member
This gets my vote for best post of the day. Yes, this is very much like the oscillations between 300 & 306 when Tencent loaded up last time, and 306 subsequently became a tremendous support price. Thanks for posting.
bdy0627
Active Member
Yeah, I can see what you are talking about when you look closely. TSLA really didn't follow QQQ until 11ish it looks like.
jhm
Well-Known Member
So we saw $380 peaks back in September and June when the market believed that 5k/wk M3 production was just 3 to 6 months away. Then the ramp slowed up, pushing this mile stone 6 months later and driving down the price. Well guess what? We are now once again less than 3 months away from this mile stone. The only thing lacking for a return to $370 and above is a modest outbreak of enthusiasm.
So lock in your position and get ready to ride.
So lock in your position and get ready to ride.
bdy0627
Active Member
Paracelsus
Active Member
That gosh darn Iran. Why did they have to locate themselves right in the middle of a perfect pipeline path from Iraq & Saudi Arabia to India & China. Maybe nobody will look at a map or globe during the Aramco IPO.........The rest of that story now seems to be that China and India would rather pave that path with solar panels now.
bdy0627
Active Member
I'm really intrigued by what you guys are seeing. The pattern isn't jumping out at me. Could we dig into this a little more please?
Paracelsus
Active Member
The run
take a look at the run-up and consolidation around May 1, 2017. Double bottom around May 15 of last year, and then tested it again around July 3rd on a big short-enhanced pullback. Tencent reported holdings after the first climb out if I recall correctly.
Motor Mouth
Member
How would you expect the market to respond to further instability? The DOW is down, oil is up, defense stocks up. TSLA hugging $300.
Edit: Apparently Brent crude spiked when Trump announced but then fell back a short time after. Husseini (former ARAMCO head) says that this won't affect oil long term. Apparently Saudi will make the supply happen.
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ValueAnalyst
Closed
Trump Withdraws U.S. From ‘One-Sided’ Iran Nuclear Deal
Brent $100+ California premium gas $5+ by August
Poll: ValueAnalyst on Twitter
Brent $100+ California premium gas $5+ by August
Poll: ValueAnalyst on Twitter
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Regardless of what certain oil producers say I think this development with the Iran deal will ultimately have some impact on oil and gas prices. Even from a political standpoint people should understand that any country's dependence on oil should be considered a security threat. I've said for years the U.S. should do everything it can to try and get as much energy independence as it can, so far it's been difficult as American's are addicted to their cars but Tesla is giving us a real opportunity to change this.
Not sure if and when this translates into a bump for Tesla's SP but as far as I'm concerned it should.
Cheers to the longs.
EDIT: Just to add I filled up yesterday and paid $4 a gallon .... that's a big line in the sand psychologically .... it sucked and I can't wait for my Model 3 reservation to come up!!!!
Not sure if and when this translates into a bump for Tesla's SP but as far as I'm concerned it should.
Cheers to the longs.
EDIT: Just to add I filled up yesterday and paid $4 a gallon .... that's a big line in the sand psychologically .... it sucked and I can't wait for my Model 3 reservation to come up!!!!
Mike Smith
Active Member
Causalien
Prime 8 ball Oracle
Sweet. Benefits Canada. Benefits Tesla.
K_Dizzle
Member
I’m just a small time nobody so take this with a grain of salt. I trade what I feel are sure things, Tesla is a no brainer investment for the next 5 years unless it runs way ahead of itself.
I made a small fortune on buying shares and options of weed( canopy growth Corp) beginning in 2015-2016.
Cgc was the market leader in a brand new industry but nonetheless was very prone to price manipulation similar to what I’m seeing in Tesla. Anyways, there was a time when Cgc was glued to $20/share. The usual short attacks worked for a few hours bringing it down to $19 and the price snapped back to $20 pretty quickly. This went for 3 days and since I watched this stock for years it “felt” out of character. Anyways it closed at almost $20 on a Friday and on Sunday it was annoucnced that constellation brands bought 9.9% into the company with an option to purchase an additional 10.1% in 2 years. The price they bought into was $20/share.
Long story short, Tesla is behaving exactly how Cgc( weed) felt back in those days.
My interpetiation was that the price was agreed on before hand in order to please the CB shareholders it wasn’t allowed to fall below the purchase price or it would seem like a bad deal. After the announcement the price of weed rallied more than 130%.
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Todd Burch
14-Year Member
Yet another day where there's a fight for red vs. green, causing TSLA to end the day near zero change. My impression is that longs and shorts are trying to control the stock's narrative, fighting for a green vs. red day. Seems strange though.
bdy0627
Active Member
bdy0627
Active Member
I suppose it could also be traders closing out positions before market close, if there are enough of them.
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