What is it with early March? So many people..
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hacer
Active Member
It wasn't me, but I did predict that the market could tank from the G20 results due to Trump - didn't expect the one day delay though.
At least whoever Tesla bought the hedge for the March convertibles from has a pretty strong financial incentive to keep the stock below $365 - I think they lose about $2.5 million for each dollar above that level (until the limit). I don't know who that is (GS?) but it is likely they are a market maker and therefore authorized to do naked short selling. They could of course just buy the shares to hedge their position but since it's probably an East coast Wall Street firm, they're bound to not believe TSLA can hold this level.
I work for a living too so I can't watch the market during the day (and certainly not follow the market action thread during market hours). But I do take advantage of limit orders for most all of my trading. As I was taken out of TSLA when my stock was called Saturday, I put in a re-entry limit order, this time using $255 strike Jun '19 calls. Didn't get them yesterday, but got a great price today during the huge spike down and now I'm back in the game with nice leverage too. Fantastic strength in TSLA today!
We should be so lucky, but we probably won't be.
Words of HABIT
Active Member
For those of you who have not yet realized the importance of today's price action, I present the following screen shots of stocks I am following. TSLA's performance today was epic while the stock market cratered. This is not a fluke, or a one time event. TSLA has been artificially suppressed for three years. Within that time Tesla's lead in the EV space has increased 10X fold compared with other OEM. Where else can you find a >$50B market cap company growing at >50%/annum for at least the next 5 years. This ride, my TMC friends, is only just beginning. Buckle up. Not selling at these levels. Long live the TSLA Longs.
anthonyj
Stonks
I’m freaking dead. If I wasn’t banned on Stocktwits I would be spamming this. God damn Tesla the premier inverse ETF. All those sleepless nights in September with my robinhood account -$65,000... now the bears can feel my painArtiste's rendition of today's market action
Zhelko Dimic
Careful bull
Nope, that's an opinion, from someone I've come to appreciate, and you aren't on that list - yet; maybe I just didn't pay attention;
and in this case, you are being the bully, suppressing valuable input; people that are killing any opposing opinions have cost TMC members much more money than any trolls.
Absolute *redacted*, my man.
He literally advised people to sell and forecasted an arbitrary, low SP cap. I truly couldn't care less what you think of me, but you're a fool if you can't recognize that as FUD. Blatant.
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MOD
Keep it cool, all.
If you can't keep it cool, walk away until you cool down.
This is not an advice - it's how it is.
Besides, your cleaned-up posts may look truly weird.
Keep it cool, all.
If you can't keep it cool, walk away until you cool down.
This is not an advice - it's how it is.
Besides, your cleaned-up posts may look truly weird.
RobStark
Well-Known Member
It took 24 hours for the market to realize that Mr. Fraud was lying and pretending a victory after the G20 summit.
ZachF
Active Member
I laugh so hard looking at this. I could not contain my laughter just thinking about the thought process of the shorts.
"The market is down, it's all red. WTF are you doing TSLA? Why are you green?"
Indeed this was huge for both the short and long run. One firm reiterating a buy rating while raising its price target would not ordinarily provide such bulletproof protection for a particular stock on a day when the rest of the market is devastated. Mr. Market is telling us that he knows something about TSLA which may not yet be widely evident.
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Volkswagen says last generation of combustion engines to be launched in 2026 | Reuters
VW is the first biggie to really wake up.
VW is the first biggie to really wake up.
They promise to stop trying to kill us in the year of our lord 2026. How nice of them.
Finally some media started to spin the drunk driver incident as negative:
A SLEEPING TESLA DRIVER HIGHLIGHTS AUTOPILOT'S BIGGEST FLAW
Calif. police use Tesla system to halt sleeping man’s car
But the arguments are pretty weak though.
The reality is:
A SLEEPING TESLA DRIVER HIGHLIGHTS AUTOPILOT'S BIGGEST FLAW
Calif. police use Tesla system to halt sleeping man’s car
But the arguments are pretty weak though.
The reality is:
- the drunk driver committed suicide by hopping in the car.
- the car saved his life
- police officers saved him an embarrassing trip back from LA, where the car would run out of juice.
sundaymorning
Active Member
Not sure if this has been brought up, the market in the US will be closed tomorrow due to our former presidents’s recent passing. It’s the national day of mourning.
EVNow
Well-Known Member
EVNow
Well-Known Member
That might account for recent large buys first thing in the morning.
More like 2030, since they're launching the new engine in 2026.
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