johnnybgood888
Member
Please stay offline until 1xxx.
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Hogfighter
Professional Lurker
Elon said next gen roadster will have a SpaceX option, its only fitting that $TSLA has one too
All of this gain is occurring a bit earlier than I anticipated... the good news expected has not been announced yet. Not to rain on any parade, I do expect a pull back or some profit taking before the end of the week.
Don't see no dislikes now, eh?
johnnybgood888
Member
That is definitely a reasonable expectation. However, I think that we are in some serious margin call territory for a lot of the new shorts who got in the past couple of months. Because of how fast the price has shot up in just a bit over 2 weeks (almost $70 up), I'm thinking that the majority of those shorts got in probably in the $270-290 range.
The cascading effect of shorts having to cover, which causes the price to rise, which causes the next tranche of shorts to have to cover, and the price to rise some more, so on and so forth can prolong this run for a bit longer. So, I think it comes down to whether we have more longs leaving to take profit, or more shorts who have to cover. Because of how many weak longs who have been shaken out the past 6-9 months, I'm thinking that the amount of profit taking at this point is not going to be significant.
That being said, I think we may be consolidating between $350-360 for the next week or so.
Hogfighter
Professional Lurker
And the smart shorts have sold around this range, only to buy back in around 300. This is why I don’t think we’ll see a significant decrease in shares shorted in the next few weeks. Could be wrong tho
I've said it before... The Big Squeeze starts at 1000.
juliusa
Active Member
"KeyBanc Capital Markets raises its second-quarter Model 3 delivery estimate to 30,000 from 20,000, citing conversations with Tesla dealers."
I wonder who they were talking to.
I wonder who they were talking to.
JRP3
Hyperactive Member
There are no "dislikes", it's "disagree" now.
Dan Detweiler
Active Member
bdy0627
Active Member
Looks like you can afford the rocket booster upgrade option now too.
bdy0627
Active Member
This is getting pretty interesting at this level. I've still got 20% of my TSLA investment allocated to J20 LEAPs for a longterm hold, but I'm thinking of reducing that to 10% and converting the other 10% to stock. The dilemma is that this may continue to burn up for a few days but when it stops, I think there is a decent chance we don't just consolidate. This has gone so high so fast that I would guess there will be some kind of rubberband effect downwards.
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