Pretty convincing looking candle top 
Looking for ~ $318 sometime in the near future.
Looking for ~ $318 sometime in the near future.
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Pretty convincing looking candle top
Why am I not allowed to visit your profile page or start a private conversation?
Ihor Dusaniwsky says short interest is now at $12.9B, which works out to 37.1M shares ($12.9B/$347.51).
This is up from 36.8M shares in his report on Tuesday (6/20).
He also notes there was $100M in new shorting today, which undoubtedly contributed to the SP decline today.
Ihor Dusaniwsky @ihors3 1h1 hour ago
$TSLA shorts are up $524 million in mark-to-market profits today on a down 4.1% trading day. @tesla shorts cut 22% off their year-to-date losses and the $12.9 billion of shorts are down "only" $1.83 billion for the year. There was over $100 million of new short selling today.
According to the site linked below, shares available to short at IB dropped 260,000 overnight. Looks like the short attack may be continuing this morning .... Will be interesting to see if it sticks.
IBorrow Desk
Some more longs getting roasted?
Just picked up some more shares at $343. Looks like I just triggered the low for the morning... Don't mind if I keep averaging down. Looking forward to hitting sub $340s...
You do realize there's no difference between averaging up and averaging down? You get the same average.
bdy0627
Active Member
bdy0627
Active Member
TSLA is dropping with the Nasdaq but not recovering much when it bounces. That suggests shorts are gaining control here.
Zhelko Dimic
Careful bull
Well, I'm glad I lightened up on TSLA.
See my Sig
See my Sig
Discounting going on regarding production line 3, and sabotage, and the implication
These two issues will have on reaching 5000 units per week by late June. Until we get an
Update I presume the discounting may continue.
These two issues will have on reaching 5000 units per week by late June. Until we get an
Update I presume the discounting may continue.
jeewee3000
Active Member
I disagree. The drop today is market wide. Not every fall in SP has to do with short selling activity (it can be enhanced by it, but I think the shorts are given too much credit from time to time with regards to their influence on the stock price).
We are range bound around 330-370 until either we get bad news or good news. Within these bounds, the market sentiment can take us anywhere.
TLDR: We can reach 370 again next week if the NASDAQ recovers. Confirmation of 5000/week will send us higher than 370.
Dan Detweiler
Active Member
Damn, $20 down in two days. Can this quarter be over please so we can get back to some semblance of normalcy?
Dan
Dan
Paracelsus
Active Member
The 1-month and 3-month charts suggest trend linen support just under 320
That's exactly what I'm seeing.
Paracelsus
Active Member
I appreciate the confirmation. It makes me wonder if that will be a price range where more conservative shorts that recently took a position at a much higher price will exit
Pretty convincing looking candle top
That's pretty impressive guess as to where TSLA is going. Where did you come up with such short term drop? I was already predicting 10% drop to about $334 from the recent high since TSLA has been on the rise way too quick.
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