PureAmps
Model S P85 (#2817)
Awww shucks so no tesla at $80?
Oh no, TSLA will eventually be at $80. Just not do to a short squeeze.
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Awww shucks so no tesla at $80?
+1
I am looking for Tesla at 200-1000, only it takes 5-10 years.
As the shorts are presented with more and more evidence of Tesla's longevity they will slowly abandon their positions, lick their wounds and move on.
This is a squeeze? I guess I was expecting something more dramatic and exponential in it's rise.Well, it looks like the short squeeze is happening. That said, with Tesla touching $80 today, there are probably new shorts entering at these prices, so it's doubtful that the short interest will appear to have dropped. Which means that we need to use price and volume to try to catch the peak. Any ideas? Volume was pretty darn high today.
My decision is to stick to my position until it is crystal clear that the squeeze has taken the value above sustainable levels.
And those levels are exactly what? :wink: I guees that is the impossible question, but Tesla is not a pure tech growth company - they are also in the manufacturing buiseness, and even for a pure tech based company with a potentially formidable future a P/E of >1000 is pretty high...
Now, the big question in the short term is what the "natural" trading range would be given information available today, without a squeeze effect. Is it $50? $60? $80? $100? Who knows?
My decision is to stick to my position until it is crystal clear that the squeeze has taken the value above sustainable levels.
The last couple pages have me thinking the squeeze either already happened or won't. 7-8x normal volume the last 2 days and it's only budged 10% since Thursday's opening. There was talk of a big push leading into the weekend as shorts tried to avoid paying weekend interest and nothing happened, so maybe there just aren't that many shorts really left to squeeze. Maybe new shorts have filled their place, but unless the stock goes up dramatically again they won't be squeezed.[/QUOTE55]
We'll know soon enough. With about 60 mil trades in the last 3 sessions, it wouldn't surprise me if that's all we get.
Believe Elon when he says that the important thing about a stock price is that the sine wave slopes upward.
Don't get me wrong, I really hope we get a couple more days of 10% +. But once this squeeze is over, I'd expect a pullback (read a buying opportunity).
Personally, I sold 1/3 of my position after 55 mil shared traded and am now playing "on the house". You just don't get that many opportunities to take risk out of the " high risk / high return " mantra.
It's over 2 days. The stock has moved 10% since the open on Thursday. And TSLA has moved +/- 10% multiple times in the last couple years without any squeeze."only budget" 10% in one day of trading? LOL. That could very well be your short squeeze.
It's over 2 days. The stock has moved 10% since the open on Thursday. And TSLA has moved +/- 10% multiple times in the last couple years without any squeeze.